Does anyone have any logical reasons why ETH price is still so low compared to its actual value? Isn't it like 70% of all the prominent ICO's, IEO's, STO's are all built on top of the Ethereum network? They require buying gas to run right? Wouldn't that create demand, and result in an increasing price for ETH? Is it safe to say it's being price suppressed? Or do I not understand how the platform works?
Because it has more competitor now
In 2017, not much blockchain is able to perform smart contract
But in 2019, you have tons and tons of new blockchain which can scale well and have a better TX speed than Ethereum
And no, most of the IEOs nowadays built on top of BNB, because building on top of BNB chain allows their token to get prioritize to be list in Binance DEX
Most new tokens don't need smart contract function because they are more like just a "rights" or ownership
Anyhow, yes. If more and more people uses Ethereum functions/run smart contracts, it required gas.
When the demand is here, the price will up for Ethereum