I had no idea there were so many high value Ethereum tokens in the coin market cap.
https://etherscan.io/tokens
Here's a list of ones I did know about:
- Golem (Worldwide super computer POW 2.0)
- SALT (Use your crypto as loan collateral)
- BAT (Advertising) (Basic Attention Token)
- DENT (buy/sell mobile data)
- Genesis Vision (crypto broker platform)
I've done research on all of these projects and love to see all the diversity brought to the space. Ethereum really is a powerful platform. Even if new API coins come out that prove to be superior (EOS) these Ethereum coins are locked onto the platform and will continue to develop. The vast majority of all coins promise to deliver in 2018. It's gonna be a crazy year.
Here's a list of coins that I knew about but thought they had their own chain:
- ICON (interoperability)
- DragonChain (secure business applications)
- Binance (Centralized Exchange)
- TenXPay (crypto ATM cards)
- Storj (Cloud Storage)
- Civic (Digital Identity)
I've done research on all these coins and I was very surprised when I realized they all run off of Ethereum. Once you realize the magnitude of all these tokens it's easy to see why scalability is such a big deal.
In the past I've stated that EOS owns over 10% of all Ethereum and that the price of Ether might be in trouble. Block.One and EOS don't need any of their Ether after the mainnet launches. Well, the problem is actually much bigger than I originally thought.
https://usethebitcoin.com/most-important-5-mainnet-launches-to-pay-attention-to-in-the-next-weeks/
There are five Ethereum-based ICOs that are all launching within the next month. EOS is just one of them.
- EOS
- Tron
- VeChain
- Ontology
- Oyster
It is my understanding that all of these coins are launching their own blockchain and will not need Ether to power the system. This is pretty bad for Ethereum because EOS (#5), Tron (#9), and VeChain (#16) are Ethereum's top coins, but they are simply being used as a temporary placeholder until the mainnet launches.
This development could easily flash crash Ethereum at some point with a stop-loss chain reaction selloff. I would suggest keeping liquid funds on hand in case Ether dips down under $50 per coin. Buying at that number is guaranteed to turn a profit instantly.
http://blocktivity.info/
I'm not worried about Ethereum losing value in the long run, but I do think it's going to plateau as it hits scaling issues. Regardless, next month is going to trigger a bull-run for the entire space. I've been predicting this for 6 months.
Return from So Many ERC-20 Tokens to edicted's Web3 Blog
