25% Gain in 1 day at current prices. That's incredible. Glad to be holding most of my portfolio in Ethereum
This is really amazing in my mind, What was driven the price of etheereum right now? I just think if this is caused by PoS implemented in the future. Someone has same thought with me?
There's just too much happening on Ethereum right now, Spotify just acquired Mediachain which uses Ethereum blockchain, Google did a test on it, something to do with book ownership (don't know much about it sorry!), Bank of America presented a demo. The EEA is for real guys, this is the only time we've seen such companies actually interested in blockchain projects. I won't even mention things like the Raiden Network, Ethereum Naming System and some very exciting dapps development.
Yes, most "bitcoiners" and skeptics will just say companies will steal the tech to create private chains. Sure, that's what's happening, private chains that communicate with the public so they can all build on the same infrastructure and have mutual trust. There's no point on building a completely private blockchain, it's just a regular old database.
Ethereum could still crash and burn but unless something very bad happen in the next months, the trend is most definitely up and depending on Metropolis hype (next release) and POS hybrid implementation a huge rally/bubble could start (+$100-200 prices).
. That would mean the market cap will half. so 2 billion $$ would've been taken out.