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- Hey Square fam! How many Alpha points have you racked up lately?
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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Tom Lee: The fundamental valuation of ETH is $15,000, and the rebound in the crypto market has not yet been fully recognized.
[Chain News] On August 2, it was reported that Tom Lee, co-founder and chairman of a certain company, stated that the crypto assets market is expected to rebound. Some investors do not believe that this rebound is real, and this is exactly the reason why the crypto market may rise, as "since 2020, investors have underestimated every recovery, and this time will not be an exception."
Tom Lee further stated that the traditional financial industry led by Wall Street is steadily and quietly increasing its investment in crypto assets. ETH is benefiting from Wall Street's push for tokenization, and Ethereum has never experienced downtime, which is crucial for banks. If estimated on fundamentals, ETH should be $15,000 (currently priced at $3,700). He believes the real issue is the undervaluation of institutional investors' acceptance of ETH, which is currently only in the mid-stage of Ethereum's development.