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?
There was a point in the market in which ethereum was being used almost exclusively by new projects to release their coins, many icos didn't even accepted bitcoin to buy their coins and only accepted ethereum, but those days are way behind us, now there is a huge level competition for ethereum and when you add that in theory there is no limit to the amount of coins that can be created then this reduces the value of all the coins that are out there.