Even tho i very much like that news i still dont get why ppl keep buying etn now. Price already at 0.107 - and im pretty sure prices are going to drop drastically on launch due to massive dumps.
They might not drop as much as you expect, lots ready to buy also
Just like with BTC if everyone is bullish you can just buy alongside the bulltrend and make money which causes an increase in price and more people jump in because of that increase. The net result is situations in crypto where something can run 100%, 1000% and still be profitable to buy. If ETN goes to $1 it's still worthwhile to buy your first ETN at $1 if it moves to $1.10, $1.50, $2.00 and beyond
I might agree to parts of that but we wont see ETN even near to be at 1$ in 2018. 21b coins are just too many for that.
If you dont believe it just go check coinmarketcap. There are 8 different coins with a supply between 5-65b. The highest pricing one is NEM with a supply of 9b coins @ 0.53$.