Multiple factors at work, someone on Steemit had a good case for BitShares but similar cases can be made for several others. However there is also the 'Lindy effect' which I read from Taleb. Which sort of explains why despite all this BTC still will take a lot to dethrone. This covers what I'm talking about :
https://cryptofundamental.com/in-pursuit-of-lindycoin-212bacafc395
RE: This Is Where Bitcoin Price Will Stabilize!
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This Is Where Bitcoin Price Will Stabilize!