Samson Mow says ETH, SOL, and XRP are overvalued when measured against Bitcoin supply 

Jan3 entrepreneur and CEO Samson Mow shared an analysis saying that Ethereum, XRP and Solana are overvalued when measured compared to the Bitcoin fixed supply model.

His argument focuses mainly on the cropping of Altcoin values ​​to fight against what he calls “unitary biases”. “You can buy about twenty -one millionth of the BTC offer for ~ $ 85,000”, Mow indicated on x.

He referred to Bitcoin (BTC) Offer capped with 21 million pieces. Mow then calculated equivalent values ​​for the main altcoins by dividing their stock market capitalizations of 21 million to establish comparable measures.

By using this methodology, Mow calculated that the equivalent part “about twenty -one million million networks would cost much less than their current market assessments suggest: $ 9,200 for Ethereum (Ethn), $ 5,800 for XRP (Xrp) and $ 3,400 for Solana (GROUND).

Mow predicts the domination of bitcoin to go higher

“No question that these alts are not worth so much,” concluded Mow. He predicted that “the domination of Bitcoin goes so much higher” following this poor pricing perceived. Bitcoin domination is currently oscillating at 63.71% Trading data view.

MOW calculations look at altcoins by comparing them to the fixed Bitcoin power supply. For Ethereum, with around 193 billion dollars in market capitalization divided by 21 million, it arrives at $ 9,200 as equivalent value. “Instead of buying about twenty -one million Ethereum, you could buy only 0.11 BTC,” said Mow.

“XRP costs only $ 2, but Bitcoin is too expensive at $ 85,000!” He wrote. Mow also added that “the unit bias absolutely destroys the uninitiated”.

This point of view arises while the domination of the bitcoin has developed respectable through a certain number of periods. According to tradingView data, Bitcoin domination increased by 14.48% in the past year. It also increased by 9.15% in the last six months, by 9.71% over one year and 3.76% in the last month.

While Bitcoin has a fixed ceiling of 21 million pieces with a emission reduced by halvings, Ethereum went to a deflationary model after the implementation of the EIP-1559, which burns part of the transaction costs.

Even XRP has a pre-marked supply of 100 billion tokens, with about half of the traffic. Solana has an inflationary model with the drop in inflation rates over time.