Ether should be 55% lower and is facing tough competition from solana and other blockchains, JPMorgan strategist says | Currency News | Financial and Business News

The cryptocurrency ether runs on the ethereum network.

  • Ether’s fair value is around $1,500 based on measures of network activity, a JPMorgan strategist has said.
  • That’s roughly 55% lower than Friday’s price of around $3,470 for ethereum’s token.
  • Nikolaos Panigirtzoglou said ethereum is facing growing smart-contract competition from other blockchains.
  • See more stories on Insider’s business page.

Ether’s fair value is around $1,500 based on measures of…

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