news 
Title: Ethereum Still Overvalued, Samson Mow Says As ETH Price Revisits 2023 Lows
Samson Mow, a prominent figure in the crypto community, has recently shared his thoughts on the current state of Ethereum’s (ETH) market value. In a recent tweet, he expressed his opinion that ETH is still overvalued, citing concerns about the network’s scalability and lack of competitiveness.
Mow’s statement comes at a time when ETH prices have been revisiting their 2023 lows. The cryptocurrency has experienced a significant drop in value over the past few days, with some even predicting a potential 90% decline. This sudden downturn has raised questions among investors about the sustainability of the Ethereum network and its ability to withstand such drastic price fluctuations.
In his tweet, Mow emphasized that the current market dynamics are unsustainable and warned of impending doom for ETH holders. He believes that Main Street is not capable of taking over the reins in terms of building manufacturing infrastructure due to a lack of engineering skills and broken supply chains.
Mow’s concerns about the sustainability of Ethereum’s market value come as no surprise, given his previous statements on the matter. As the co-founder of PRIZM, he has been vocal about his skepticism regarding the potential of blockchain-based technologies.
Source: https://u.today/ethereum-still-overvalued-samson-mow-says-as-eth-price-revisits-2023-lows
