Hashed’s Simon Kim Says Ethereum Is 57% Undervalued
Simon Kim, founding father of enterprise capital agency Hashed, has launched a real-time dashboard that estimates Ethereum’s truthful worth at $4,747.4. With Ethereum buying and selling at $3,022.3, the device suggests an undervaluation of 56.9%. The dashboard updates each two minutes and makes use of eight distinct valuation fashions.
The Ethereum Valuation Dashboard combines strategies from conventional finance and crypto-native evaluation. Kim goals to offer a rigorous valuation strategy, reflecting broader institutional curiosity in elementary evaluation in crypto markets.
Dashboard Combines Traditional and Crypto-Native Valuation Methods
Kim’s dashboard incorporates eight fashions to evaluate Ethereum’s intrinsic worth. Traditional finance strategies embrace Discounted Cash Flow (DCF), which depends on staking yields, a Price-to-Earnings (P/E) ratio set at 25x, and Revenue Yield evaluation. Institutional buyers have lengthy used these tools to judge equities and bonds.
The dashboard additionally makes use of crypto-specific metrics designed to seize blockchain dynamics. These embrace Total Value Locked (TVL) Multiple, Staking Scarcity, Market Cap to TVL Fair Value, Metcalfe’s Law, and Layer 2 ecosystem valuation. 21Shares research notes that network-based fashions are gaining reputation as establishments search to quantify blockchain adoption and its results.
Metcalfe’s Law, which holds that community worth grows with the sq. of the person base, yielded the best valuation of $9,583.6 and indicated that Ethereum was 217.1% undervalued. The DCF mannequin arrived at $9,067.8—a 200% undervaluation. Yet the P/E Ratio mannequin advised Ethereum is 70.2% overvalued at $899.2, and Revenue Yield indicated a 52.4% overvaluation at $1,438.8.
The composite truthful worth of $4,747.4 is calculated by weighting every mannequin by reliability—high-reliability fashions are 9 occasions extra influential, medium 5 occasions, and low 2 occasions. These scores yielded 5 purchase indicators, one maintain, and two promote indicators throughout the eight fashions.
High reliability fashions embrace MC/TVL Fair Value, Metcalfe’s Law, DCF (Staking Yield), P/E Ratio, and Revenue Yield. TVL Multiple is rated medium reliability, whereas Staking Scarcity and Layer 2 Ecosystem fashions rank as low reliability.
This strategy highlights the issue of valuing cryptocurrencies. While conventional metrics like P/E ratios and income multiples supply confirmed methodologies, they might miss essential community dynamics. Crypto-native instruments equivalent to Metcalfe’s Law suggest frameworks rooted in blockchain adoption, although precisely gauging person exercise stays a hurdle.
Market Data Reveals Shifting Ethereum Fundamentals
Current market knowledge exhibits Ethereum priced at $3,022.3 with a market cap of $365.4 billion and a 24-hour quantity of $21 billion. The worth stays 38.8% beneath the all-time high of $4,946.1. Ethereum’s market dominance is 16%, and the ETH/BTC ratio has dropped 24.7% year-over-year to 0.03243. The dashboard additionally exhibits Ethereum’s circulating provide and alternate reserves, in addition to on-chain exercise, together with TVL and the staked quantity of ETH.
Kim, CEO and Managing Partner of Hashed, has positioned the agency as a pacesetter in blockchain enterprise capital. His credentials embrace talking at main trade occasions, such because the AI Crypto Summit 2025 and KOOM 2025, the place he represents Hashed’s technology-driven funding focus.
Prominent disclaimers on the dashboard stress that every one valuation fashions have limitations. The device advises buyers to contemplate a spread of things past quantitative evaluation alone. This displays the challenges of making use of legacy frameworks to a quickly evolving asset class.
Recent worth strikes reinforce the necessity for strong evaluation. ZebPay technical analysis experiences that Ethereum broke free from a $2,350 to $2,750 buying and selling vary in late November 2024, surging nearly 25% to $3,442 earlier than discovering assist at $3,015. Key resistance sits at $3,750, whereas $3,000 acts as essential assist.
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