Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has once again criticized Ethereum (ETH) as its price revisits the lows last seen in October 2023.
Mow, known for his vocal support of Bitcoin, revisited his earlier statements regarding Ethereum’s valuation, pointing out that ETH’s current price of $1,589 is nearly the same as it was in August 2022 when Bitcoin was trading at $21,600.
Ethereum’s recent price drop of over 5% continues to stir debate, with Mow maintaining that the cryptocurrency remains overvalued.
Despite Ethereum’s short-term surge of 14.26% following Bitcoin’s 8.51% rise, which came after the suspension of additional U.S. tariffs by President Donald Trump, Mow remains unconvinced of ETH’s long-term value in comparison to Bitcoin.
Mow’s criticism highlights a growing divide within the crypto community, with many still debating the potential of Ethereum in contrast to Bitcoin’s dominance.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/samson-mow-criticizes-ethereum-as-its-price-hits-2023-lows/