My View In Regards To Ethereum Based Tokens

One of my first buys in the cryptocurrency world was Golem (GNT). Golem is one of the first Ethereum based tokens and has the goal of creating a decentralized form of computing. Currently Golem works with 3D graphics rendering and blender files.

How did I get into Golem?

Around March and April 2017 I saw Ethereum was rising explosively so I made the wager that Ethereum related tokens would also be on the rise. So I did the research and got into Golem at $0.05. A lot of things have happened since then and I have left Ethereum tokens completely at the moment.

Why did I leave Ethereum tokens?

I left the Ethereum token space because I thought that too much money was being funneled into ICOs and also thought that because of this the price of Ethereum would inflate. Also I thought the growing blockchain size would cause network instability and this would affect the token values.

Metropolis and beyond

As Ethereum becomes more mature, in my opinion the tokens that have the best use-cases for the platform will survive. Ethereum is also hard forking sometime in September, 2017. Some of the new features in the hard fork is a difficulty bomb making mining exponentially harder. This hard fork will hopefully deal with a lot of the network issues we see today.

Why I'm still cautious getting into Ethereum tokens

With new Ethereum based tokens popping up such as district0x, OmiseGo and many more the Ethereum ecosystem is becoming ever more saturated. Although I may get into these newer tokens, significant amounts research will need to be done before getting in.

The views expressed here should not be taken as investment advice. Please do your own research.

Cheers
~Np