Even at this low price, ethereum is sure the king of ICO and smart contract platform. There is a lots of dumping on ethereum by projects, miners yet ethereum is still holding on and find it's bottom!
There is no doubt about ETH is the king of ICO, and the thing is why ETH pries is going that much down i can not understand, ETH is doing good and road map of eth also seems good.
Yeah, you have a point on that but it takes time to be happen that eth will be a king. As we all know ethereum is very demand in the ICO. Infact they have a lot of advantages in which can be lead a great lead by many here in the world of crypto currency. I believe someday ethereum will definitely increase since as of this moment its value is so cheap and for sure it can have a great amount of profit in the future.