Hi.
I think ETH price is still very dependent on how BTC price moves and to be honest I believe they are kind of competitors. The reason why I see a good future for ETH is that governments are working more and more to control BTC, which has became centralized, while ETH remains decentralized.
If one day, BTC loses its initial attractive qualities (mainly the anonymity), I believe a lot of people could go for ETH instead, with an obvious effect on the price.
But don't forget Bitcoin is still the front runner and it is gonna last for a while I think. People investing into ETH should be very patient.
You also make a good point about ICOs funding, this can't last forever, a lot of money is made on "air" these days. I just hope this money would go to Bitcoin or Ether instead
Yeah I totally agree, bitcoin will be around for a bit longer. We may see changes though in the distant future
Ethereum is another coin that is really interesting and totally has a lot of potential in the future to grow more and more.
Low transactions fees, fast confirmations (literally take less than a minute) and an ever growing smart contracts system.
What else do you want from a crypto currency ?
I guess the only thing that is holding its price down at a certain range is the fact that miners sell their ether on a constant basis.
Which means that I assume Ethereum's price will be much much higher when it switches to proof of stake. Well it's when they decide to do it which is totally unknown until today.
There is also a ton of ethereum coins, I think in a few years the demand for a coin will go up significantly and then it will be worth more.
Well this will sound i am hyping ethereum but I think coin will replace bitcoin as the top crypto currency maybe not in the near future but probably after 10-15 years of course this is just a speculation. I hold both and regardless which end on top at least i am sure that i will enjoy the ride.
I hope that is true :p
ethereum is the best altcoin at this moment,
the price is going down because of BTC show his power,
and i still believe the value of eth will hit $1000 but i think not in this year , maybe next years
I think by late next year we will all be happy we held the coin