- Polkadot (DOT) has gained hype while Ethereum is undervalued despite its market cap.
- At press time, Ethereum’s market cap is at $137.8 billion and Polkadot at $15.4 billion.
- Pantera Capital believes that Ethereum is undervalued compared to Polkadot.
The digital asset Polkadot (DOT), has gained massive hype over ETH, despite the latter’s grand rise over the past couple of weeks. Currently, DOT ranks in the fourth position in terms of market cap.
However, at the press time, ETH’s market cap is $137.8 billion while DOT holds $15.4 billion. Polkadot is rapidly climbing higher up on the ranking scale.
According to an on-chain data aggregator at CoinGecko, DOT’s market cap has quadrupled since December.
Additionally, in terms of transfer volume, Polkadot shows an average of six transfers per minute. Months ago, Ethereum had an average transfer of over 850 per minute.
Perhaps, even more so thanks to DOT’s sudden burst in market cap. Panthera Capital made this comparison once before in its previous newsletter. They said that ETH was undervalued compared to BTC.
Likewise, many investors and avid crypto lovers believe that in reality, Ethereum’s price should surpass what it is currently reflecting.