What’s the Future of Ethereum?

Reasons for Ethereum Success

Right now, most of the world, Asia leading, is mad for cryptocurrency with growing global economic uncertainty, and many investors looking for unconventional means of investments to shelter their money.

While the USD Index plunged, falling from around 3.6 percent to 0.8 percent end May, Bitcoin thrived, hitting $2,760 on May 25. Ethereum flourished, too.

Part of the reason for Ethereum success may be the rise of initial coin offering (ICO)-based projects, many of which are worth tens of millions of dollars. To invest in most of these projects, you have to buy into Ethereum which automatically applies the terms and conditions of a contract once it has been agreed upon.

“Many crypto projects raise money from the community to develop their projects,“ explained Jörg von Minckwitz, CEO of blockchain-based payment service Bitwala, “and most of them use Ethereum to raise money. The result is that many people buy Ethereum to be able to invest in the projects and many of the ICO projects hold the money afterwards in Ethereum. That drives the price up.”

Read more here: https://www.deepdotweb.com/2017/06/22/whats-future-ethereum/