From the beginning in 2015 at less than $3, the price of Ethereum has hit more the $330. My calculator came from The $0.99 Store so it can’t figure the CAAGR. I just know it is huge.

Why should you care about the day-to-day gyrations if you are looking at an ICO like SilentNotary? True SilentNotary uses Ethereum’s blockchain technology. So they are somehow connected. Beyond that, however, what’s the big deal? Here is one theory on what the price of Ethereum is telling you.

It is easy to get caught up in Ethereum and Bitcoin headlines. It seems like every talking head on TV is in a contest to forecast ever-higher prices. The other day I even heard a $500,000 projection for Bitcoin.

All this attention to short term pricing makes sense if you are a pure speculator. The ROI’s on these two babies have been spectacular. But in order to achieve long-term endurance, since the only thing backing these two is hope and hot air, they must serve a greater purpose than pure speculation.

I don’t profess to have all the answers (my wife contends that I don’t have any) but here is why I am fascinated with Ethereum. It simply serves a purpose beyond mere monetary speculation.

To adjust for my bias, we turn to Wikipedia. Bitcoin is a worldwide cryptocurrency and digital payment system. Awesome but Ethereum is an open-source, public blockchain-based distributed computing platform featuring smart contracts.

Smart contracts are created by computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract.

Just taking these facts into consideration leads to the conclusion the Bitcoin probably has the greatest speculative potential whereas Ethereum has the greatest application potential due to its open source blockchain platform.

To me Smart Contracts are the feature that makes SilentNotary possible. Many of today’s ICO’s are choosing Ethereum for the same reason. If you think about each of these ICO’s are backed by something tangible: either their product or service.

So here is my theory on why the price Ethereum is relevant. There is a correlation between the price of Ethereum and the growing use of its blockchain technology. Greater acceptance of Ethereum solidifies the long-term outlook. At the same time it cushions the ICO risk of those companies using Ethereum.

So that is my theory. I would like to hear yours.

Email me at james@SilentNotary.com.

Why SilentNotary

SilentNotary.com is the worlds first blockchain notary company. SilentNotary employs the Ethereum platform, along with its own LightStamp (patent pending) technology. Ethereum makes SilentNotary special; LightStamp is what makes the company unique.

SilentNotary has first mover advantage in a global addressable market in the billions. Their technology is aimed at more than 2.3 billion worldwide users wherever trust and verification play a critical role in life.

James Waggoner, SilentNotary PR & Communication

www.silentnotary.com