Samson Mow Criticizes Ethereum as its Price Hits 2023 Lows
Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has once again criticized Ethereum (ETH) as its price revisits the lows last seen in October 2023.
Mow, known for his vocal support of Bitcoin, revisited his earlier statements regarding Ethereum’s valuation, pointing out that ETH’s current price of $1,589 is nearly the same as it was in August 2022 when Bitcoin was trading at $21,600.
Ethereum’s recent price drop of over 5% continues to stir debate, with Mow maintaining that the cryptocurrency remains overvalued.
Despite Ethereum’s short-term surge of 14.26% following Bitcoin’s 8.51% rise, which came after the suspension of additional U.S. tariffs by President Donald Trump, Mow remains unconvinced of ETH’s long-term value in comparison to Bitcoin.
Mow’s criticism highlights a growing divide within the crypto community, with many still debating the potential of Ethereum in contrast to Bitcoin’s dominance.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
