The Next Explosion in Ether Price
▻https://hackernoon.com/the-next-explosion-in-ether-price-8262d6509b59?source=rss----3a8144eabfe
ICOs raised $5.6 billion in 2017 and this was enough for Ether’s price to explode and experience a 100x growth in this year. ICOs were the first killer application of #ethereum. The huge demand for Ether, by investors who wanted to participate in ICOs, drove up Ether’s price exponentially. But where will the next huge demand for Ether come from? What will be the next killer application of Ethereum? In my opinion, stablecoins will be the next killer application pushing for an explosion in Ether price. Let’s see why.Three Types: One Viable OptionThere are three types of stablecoins today: Fiat-collateralized, crypto-collateralized, and non-collateralized. The only ones proven to be reliable and fully decentralized are crypto-collateralized stablecoins. Fiat-collateralized stablecoins aren’t (...)