As Ether is trading around $1,000 now, I’d say that’s undervalued, even in the relatively short term of 2023. But how much can we trust these predictions?
Unfortunately, that question was set up poorly so that it is impossible to guess lower than a median of $5010. Of course, that’s because the actual price of ETH was around $4800 back in November 2021, so the predictors are basically saying that it won’t recover to that price by the end of 2022.
https://metaforecast.org/?query=ETH+merge → https://polymarket.com/market-group/ethereum-merge-pos → 59% by October, 87% by November.
Thank you for putting a number on it. Here’s another one: https://www.metaculus.com/questions/9552/maximum-price-for-ethereum-by-2023/. Current prediction is $5,180.
As Ether is trading around $1,000 now, I’d say that’s undervalued, even in the relatively short term of 2023. But how much can we trust these predictions?
Unfortunately, that question was set up poorly so that it is impossible to guess lower than a median of $5010. Of course, that’s because the actual price of ETH was around $4800 back in November 2021, so the predictors are basically saying that it won’t recover to that price by the end of 2022.
I wouldn’t trust Metaculus predictions on finanical(-ish) markets a single bowl of rice.