If your value sinks by 75% in a year, you will probably face a lot of criticism and harsh words from the market. This is exactly what happened to Ethereum, one of the main cryptic monikers. Spiralizing from $ 1400 to $ 100 is a difficult thing to elaborate and it's no wonder that Ethereum had to listen to its obituary almost every day. However, the price is only a vertical in which the projects are measured and even if it is the preferred by measurement hodlers, it is certainly not the most important.
The price is sinking, but Ethereum is emerging on the technological front, hundreds of world-class developers are leading the way for Ethereum to become the world's supercomputer and operating system.
Ethereum and all its Dapps are the showcase for what Blockchain is and what it can do and how it can change the world.
The Ethereum dApps start to move forward
Undoubtedly, there were many toxic ICOs who obstructed Ethereum, robbed their investors and gave ETH a bad reputation in 2017. However, these unfortunate and worthless projects are rooted in total incompetence and legal non-compliance and good ones. they are bursting. on and get traction between users.
Ethereum is starting to replace Banks allowing users to receive Blockchain loans. Take a look at this Ethereum user's experience:
"Recently I used it for the first time MakerDAO of CDP system that allows you to "give yourself" a certain amount of DAI (= 1 USD) based on the amount of ETH you are willing to use as collateral.
For the first time in modern finance we can lend money to our assets at an attractive rate (2.5%) without having to use a central entity like a bank. Basically you get your ETH back when you return the loaned DAI and if the value of ETH goes up you could never have to repay the loaned DAI. "
"Millions of people use the Brave browser and will be exposed at some point BAT (an Ethereum token). 3d artists are using Ethereum Blockchain through Golem to make 3d projects. dYdX allows you to make margin trading in a completely decentralized way by buying some long or short tokens, I just acquired some leveraged tokens in expo (based on dYdX) and I am amazed .. "
There are many other dApps that deserve to be mentioned, but this goes beyond the scope of this article, so we will briefly discuss only some of the most known and working dApps.
Augur it is functioning as a fully decentralized and open source forecasting market platform based on the Ethereum blockchain for all predictive markets. luna park is a decentralized gaming technology platform that uses Ethereum's blockchain, smart contracts and its own destiny channels (state) to provide casino solutions with "fun, fast and fair" games. FunFair has been launched for many months and they are working to obtain legal licenses in different jurisdictions.
Golem he called himself "the world supercomputer." Golem Brass beta was released on the mainnet in the second quarter, allowing users to sell their computing power and earn real GNT for the first time. OmiseGo it is the decentralized plasma exchange, which houses an open source digital wallet platform created by the parent company, Omise, which links traditional payments, cross-border remittances and much more. They have had their public release of White Label Wallet SDK which is one of the most useful tools in the developers' arsenal.
Competitors do not have official recognition
A note on Ethereum's competitors – ETH will do it remain relatively uncontrolled by the next technology like EOS, Tron, IOTA, NEO because of the huge advantage it has on new projects. This may change after 2019. But for this year Ethereum is too far ahead of its competition to even think of an "attack" on its dominance.
The ETH has a huge advantage: since 2014 there have been great resources invested in it. EOS could be a challenger, but it can not reach the same level of Eth within 6 months of the launch of the main network. Attracting developers, getting them interested in launching projects on the network, getting the involvement and the attention of companies is a virtuous cycle that is built over time. You can apply the same logic to any of the new blockchain 3.0 projects.
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