While Ethereum Surges, Ethereum Classic Plays The Dark Horse

ICO frenzy is fueling Ethereum’s growth

Mostly considered as the major reason for Ethereum’s historic rise in value is the fact that the platform has been embraced by a significant segment of the cryptocurrency ecosystem.A lot of projects are being developed on top of the Ethereum platform. In 2017, there has been a litany of ICOs successfully debuting on the Ethereum platform. According to Cassidy, this is a significant addition in terms of investment for the technology.Cassidy says:“The constant stream of successful ICOs that are debuting on the underlying Ethereum platform only adds more value to the investment side. Keeping in mind that Ethereum is not a store of value but more of an enterprise-level platform for utility, it has and should continue to do very well in the near future.”Simply put, an ICO is a fundraising tool that trades future crypto coins in exchange for cryptocurrencies of immediate, liquid value. Therefore, having these new projects debut on the Ethereum platform creates more demand for its underlying cryptocurrency and, ultimately, an increase in value.http://cointelegraph.us3.list-manage.com/track/click?u=2c088712615955cd2f82aa968&id=a7b2a3a701&e=140f57b3eb