Not even FUD, simply stupidity.
The one purpose the person says Ethereum is overvalued is as a result of different chains supply good contract performance.
As that’s true, then why is there no dialogue across the quantity of builders utilizing the good contracts or the sum of money/customers flowing by means of the dapps?
If these metrics lower and Ether’s worth will increase, there may be an argument to be made. However the logic of “Different issues do this factor” is fairly moronic.
Why are they not calling out Bitcoin as being overvalued as there are actually 100’s of Blockchains, utilizing the identical logic?
First mover benefit is kind of highly effective and Ethereum devs must begin massively under-delivering to lose that momentum to the inevitably marketed “Ethereum Killer”s.