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RE: Ethereum briefly crashes 20% to 7-week low amid worries about rival bitcoin's future
Um youre leaving out the fact that 100s of millions were raised by ICO companies and they are converting their ETH to fiat which will cause a short term depression in prices. Take this as a buying opportunity...
True, pretty prevalent now is Filecoin.io too. That shouldn't cause complete disregard for the fact that Ethereum increased in value over 1000% over the course of only 2 months and now seems to be in a correction phase. Because of the large developer community behind Ether though, it's unlikely to be tied directly to the fluctuations of the Bitcoin market for much longer.
People still look at ETH as a tradeable currency while in actuality its the Oil for the Internet 2.0