Ethereum: Could Its Value Plummet Without Currency Status?

Evan Van Ness, founder of Ethereum Weekly, has expressed concerns about the future valuation of Ethereum (ETH), according to Foresight News. He shared his views that if ETH is not recognized as a ‘currency,’ its price could potentially decline drastically, possibly reaching near zero. In his assessment, using the discounted cash flow (DCF) method without applying a monetary premium would result in ETH’s value falling against both fiat currencies and other cryptocurrencies.