The ETH growth rates continues due to the popularity of ICOs

While all eyes of the financial and economic world are focused on the growth of bitcoin, the rapid rise of the ether has been left a bit aside. Analysts believe that the reason for such a fast take-off is the excitement around the ICOs.

Recently, the cost of ETH exceeded the $ 500 for the first time in history. Since then, a correction took place, and now its course is around $ 450, but even this figure is extremely impressive after all. In addition to direct correlation with the bitcoin growth, the rapid rise of ether is due to the ICO hype, most of which are being launched exactly on the Ethereum blockchain. Coinschedule recently published statistics, according to which ETH has grown by almost 5000% in 2017, and 3.6 billion $ was invested in the ICOs.

The vast majority of these projects are based on the Ethereum network, and because of investors need in this cryptocurrency, the demand for it pushes the price up. And as long as traders and investors are betting will it stop at its present achievements or not, Mike Novogratz predicts a tripling of ETH value against the current price. In any case, it is clear that the ICOs field is becoming more and more interesting for investors, and with such platform as Descrow is, their participation in ICOs is no more associated with the risk of money loss and is aimed solely onto success.

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