Ether’s current price doesn’t reflect the true performance of the network’s fundamentals in recent times, according to an investment manager.
Ether’s stagnant price may not be creating many new millionaires lately, but its onchain activity indicates the network is approaching peak performance, according to Khelp Financial founder and CEO Boomer Saraga.
“From a fundamental standpoint, Ethereum is reaching all-time highs, and I expect the price to follow,” Saraga explained in an Aug. 14 interview with Schwab Network, seeming confident that Ether (ETH) will soon exceed its current all-time high of $4,878.
“It is based on Ethereum fundamentals, we use key performance metrics, operating metrics, and onchain data is showing more active users. More than 2 million on Ethereum across the layer-1 and its complimentary layer-2,” he stated.
