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RE: Ethereum off to $500 and beyond?
And why you think its worth $1000? It's on marked for 2 years now and what was build on top of it except DAO? What i have seen till now, are millions of dolars thrown into comapnies that have only white papers or alpha version of software in best case scenario. Seriously?
Its a platform for other coins to develop new applications. I admit some of the ICO's are a bit overvalued with the million dollar investments but it doesn't mean it's useless.
Im not saying it's useless. Just saying we are testing what we can do with it. And utill someone provide interesting application built on top of ethereum we can't be sure there is any good use case (except icos). And if ICOs are overvalued it means ETH is also overvalued.