Ethereum ICOs may be pushing up the market capsteemCreated with Sketch.

in #ethereum7 years ago

While this has not been studied in detail as far as I know, it seems logical that for each ICO which collects millions of dollars like the Aeternity blockchain collected $5.25M (110K ETH + 270 BTC) in 24hr, the market cap for Ethereum will be pushed up as more value gets locked in smart contracts. Bitcoin cannot do this so I will make a prediction that by the end of this year Ethereum will have a higher market cap than Bitcoin.

That means $200 for each ETH is possible in a huge bubble and this is without Casper POS being implemented. This is just on hype and the fact that so much value will be locked in smart contracts due to the unlimited amount of global ICOs which can take place. Literally anywhere in the world people can raise millions in an ICO using Ethereum and lock it in a smart contract and then you also have the dark market money which can be locked in them too.

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totally true. I would say it will reach $100 this year.

$100 Nice!

Sell in thirds...

Yes, this is happening and been happening heavily for the last 6-8 months on ETH. Many of these companies are not liquidating their ETH like Singular DTV and have huge gains on paper from Oct. ETH crowd founding. Based on fundamentals alone and considering ETH network effects we are very likely to see $100-$150 this year.

Did you hear about GUP tokens? (Matchpool)

Yes, it has good potential. Its great for ETH eco-system.

I noticed on the Matchpool website under Advisors @ned appears. He aslo promotes it on Steemits promoted tab upper left top

MatchPool is one of the few ICOs I wish I took part in. I couldn't get Ethereum synced in time though.

It's likely a similar effect to what happened with Steem in July. The volume of Steem purchased wasn't really that high, but because it was all being locked away in Steem Power (a long term smart contract), the market cap exploded to above everything bar ETH and BTC.

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