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?
As far as the market is concerned, I think that speculators are aiming for more bitcoin. They are expecting to buy a lot of bitcoins at low prices so that next year they can sell them at higher prices (Halving event).
That's why it seems that speculators put all their money to buy Bitcoin, despite selling off altcoins.