Hashed’s Simon Kim Says Ethereum Is 57% Undervalued

Simon Kim, founder of venture capital firm Hashed, introduced the Ethereum Valuation Dashboard, which estimates Ethereum's fair value at $4,747.4, suggesting it is 56.9% undervalued compared to its trading price of $3,022.3. The dashboard updates in real-time using eight distinct valuation models, blending traditional finance methods like Discounted Cash Flow (DCF) and Price-to-Earnings (P/E) ratio with crypto-native metrics such as Total Value Locked (TVL) Multiple and Metcalfe’s Law. While Metcalfe’s Law indicated a significant undervaluation, the P/E Ratio model suggested overvaluation. The composite fair value is derived by weighting these models based on assigned reliability scores, resulting in five buy signals, one hold, and two sell signals across the metrics. Kim aims to provide a rigorous valuation approach amid growing institutional interest in fundamental crypto analysis.

(Source：BeInCrypto)