It's an interesting time in the crypto world. Bitcoin dominance has been plummeting in the past few months. In January, Bitcoin made up 87% of all crypto currency. Today it's 60%. Most of the movement has been to ETH, but all of the alt-coins have benefited from the movement. Alt-coins now have a 15b market cap!<p><a href="http://coinmarketcap.com/charts/#btc-percentage" rel="nofollow">http://coinmarketcap.com/charts/#btc-percentage</a>
For all of Ethereum's features, it has a minimal amount of moderate value use-cases in production. I'm not talking about wishful thinking of future use cases here. Ethereum has yet to find a killer use case to take it mainstream. Although the DAO was suppose to be the big use case, all that did was expose the fact the developers and leaders of the project are willing to fork the chain to protect the early investors.<p>Frankly, it might as well be a Silicon Valley startup, except it doesn't have to justify having good use-cases or adoption. Just keep the hype machine going and it'll do well. If hype trends off, without finding a killer use-case, well, I don't suppose it will matter much.
> Ethereum has gone up 59.8% within 30 days, against USD<p>Would be a more meaningful title for those who haven't been following the price already.
ETH is often exchanged paired with BTC, not USD. As the price of BTC has gone up, so has the USD price. By that basis, it spent much of the past month down about 20% and only recently got back to where it was in late March.
The only people that care are those that hold cryptocurrencies. I wonder what that looks like in terms of percent of world's population. I bet it is absolutely tiny... So we have the same crappy situation in cryptocurrency land that we have in fiat land. Wealth concentration.<p>Meh, I am going to stick with the stuff that is backed by floating armadas, gigantic planes/bombs/missiles, and Devil Dogs.