Quote from: hugeblack on August 27, 2018, 06:21:25 PM

The rise in bitcoin has led to an increase in altcoins, especially the ETH.
The increase in Ether supported all these ICOs, leading to an excessive increase in its number.

$ 6,000 is a fair price, noting that the rise to $ 19,000 was temporary and unreal due to several factors, the most important
Price manipulation, free coins from BCH, and the massive price difference between trading platforms.

I'm glad someone else sees this. Honestly, I expect prices to go a bit lower before correcting. This is because the yearly price shifts for tax reasons have not hit yet and things are still unstable in Asia.

I think the Asian influx really is part of what drove the bubble complete with price manipulators and new uneven trade prices coming in. Laws appearing in Asia is what killed it coupled with the fact that right now most cryptocurrency sees zero actual use outside of investing and gambling.

Actual use cases generally improves the crypto market. I think less manipulation from Asia plus ETH and ETH based tokens being used in actual non-gambling games and various non-betting platforms is why things are starting to improve. As BTC is still the de facto buy and trade currency for most coins, as ETH rises so will BTC. If ETH ever gets one really big breakout platform/game using either ETH or an ETH based token, then the price of crypto in general will soar. It may even flip to ETH being the de facto trade currency!

For now, though, I am worried about the number of junk tokens appearing on ETH that don't actually do anything. They aren't part of a game, platform, or service. They aren't used by anyone. This may tank ETH if it keeps up. Those use cases are always, ALWAYS important!