Hello guys,
Ethereum’s definitely not dying. It’s had some growing pains but the Ethereum Foundation is already working on solutions to the scaling issues we’ve seen this week. Google ‘Metropolis update’ and ‘sharding’.
Part of the problem is that ICOs like Status.im has put pressure on the network. If they were better run, the Ethereum network would work just fine.
In any case, the price movement of Ethereum can’t be compared to the stock market; cryptocurrencies are a unique asset class that is more volatile in nature and experiences exponential growth, unlike traditional stocks.
The future for Ethereum looks bright: it is building a new and better infrastructure for the internet and its true value is much greater than its current valuation. I would expect at least 500 USD by the end of the year, and 1k within 2–3 years. This might turn out to be a conservative prediction.
Best,
