I see that some altcoins, particularly Ether and Dash, are surging in value. But I have to ask, what is the purpose of them? Just holding value?
Bitcoin at least has been used as an actual currency, with people taking it as payment and some businesses even accepting it (both online and brick-and-mortar). But I have yet to see any "Ether Accepted Here!" or "Now Accepting Dash!" signs anywhere.
So what is driving the value of these coins? Are they more like precious metals, simply being a store of value rather than being like typical fiat currencies?
Thanks.
Ethereum be made for build smart contract on ethereum network and fixing what there are not in bitcoin, so do with dashcoin, bitcoin accepted on stores after couples years later and it needs time until it happen, so do with dashcoin and ethereum they are new altcoins in the world maybe 2 or 3 years later ethereum and dashcoin be accepted on stores right now they must be increase the price before be accepted.