Absolutely, even though Bitcoin is the one that starts all this, I dare to say Ethereum is the one that makes the cryptocurrency world is actually running. Their idea of decentralized smart-contract attract and enable people around the world to easily joining the crypto community. For me, the things that make me truly believe and understand the concept of financial decentralization is Ethereum.
The appeal of ethereum is smart contracts and decentralization and mining coins. Nobody expected ethereum's price to hit $ 1000 a while back when the ICO price was no more than $ 1. Maybe this is what makes investors interested in investing in new projects even though it can be called speculation