A new study has found that the majority of crypto coins are overvalued.
The report found that in 2016, the average price for ether, a digital asset which was once valued at $400, is $2,849, a jump of $8.74 from the average daily value in 2014.
Ethereum had an average price of $2.87 in 2015, according to CoinMarketCap.
Ethereum has gained in value each year, as investors increasingly look to the blockchain technology as a new way to trade assets.
However, it has been undervalued since 2016, when it was valued at around $100.
Bitcoin was the most valuable cryptocurrency at the time of the study, but it dropped more than $8,000 from its peak in 2016.
Bitcoin’s price has dropped to around $3,200.
Ethereum is still up $849.
The study found that nearly three-quarters of all cryptocurrencies, including Ethereum, are undervalued.
That is a significant number, considering the total value of all cryptoassets in 2017 is $8 trillion.
