Glad I didn't put anything into it or I would be a sore loser
The Ethereum price was never $98. The highest was around $14. It might be $98 in the next few years/decades.
if ethereum reach 98$ i'll be so happy LOL
Its got a long way off to reach that figure and with DAO on its way out is going to be interesting to see where n how the markets go in the next 6 months. ETH to get anywhere near $98 or at 98$ a go would need to be 10x the current price now and market cap would be the same as Bitcoin cant see that happening anytime soon. Maybe ETH works different and dont need such market cap. Get as many services in place and shops accepting like bitcoin then am sure it could get to the same as BTC one day but who know. Only time is going to tell in ETH case.
The DAO and the Ethereum Foundation are on their way to owning circa 3/4 of all current ETH. With all that ETH locked away in smart contracts the supply of ETH is constrained but the demand the same and growing. When you get scarcity situations like that price usually goes North.
http://themerkle.com/the-dao-holds-over-38-of-entire-ethereum-supply/
Meh they got it wrong its more like 2.3% if calculation done correct and even in comments people saying it too they don't hold 38% of ETH.
"holds over 38% of the entire ETH supply" -- no, Tual said "over 38% of all ETH in all Ethereum contracts combined." Not the entire supply. People get so drown in they dont see everything that is said correctly. Current stock of ETH total is 2.3% and rising so no doubt soon be 3% but people need read proper and not get mixed up in it