This Ethereum chart is truly impressive. It shows that Ethereum is the go-to cryptocurrency in almost every Initial Coin Offering (ICO) nowadays.
More specifically, over three-quarters of the market value of all of these assets is tied up in assets built on top of the Ethereum platform.
Based on Tokenmarket.net data, Techcrunch today forecasts that next month all ICOs will be Ethereum based. Imagine how that will impact the price of Ethereum. We would not be surprised if InvestingHaven’s Ethereum forecast of $1000 would be reached still this year. We are not saying it will happen, we are saying there is a fair chance it could happen. It would “only” mean a threefold rise from today’s price ($322 intraday high), after Ethereum went up 30-fold this year.
Techcrunch attributes the strong rise in usage of Ethereum to its own scripting language baked in, “making it possible to build complex smart contracts, decentralized autonomous organizations (DAOs), decentralized autonomous apps (DApps) and even other cryptocurrencies with relative ease. Ethereum’s flexible, extensible blockchain system makes it relatively easy for developers to build and launch their own DApps, DAOs and crypto-assets. But ease-of-use is not sufficient to explain Ethereum’s growing traction in the new digital assets space.”
Note that one of the coming hyped ICOs will be Bitnation, planned for July of this year. Even IBTimes featured this Ethereum based ICO. “Bitnation allows any person in the world to become a self-sovereign ‘World Citizen’ on the blockchain cheaply, quickly and securely, with the Bitnation World Citizenship ID,”
Again, below chart is meant as proof of how fast Ethereum is growing. Knowing that ICOs are just one component in the equation it makes the point how reliable Ethereum is perceived.