ETH has gone up by thousands of percent in just a few months.
The primary reason sited by many is the boom in ICOs (Initial Coin Offerings). These tokens are created on the Ethereum platform. Recently there has been a lot of noice around how legal these ICOs are and most of all how dangerous are they for investors. From my perspective 95% of these ICOs will go to 0.
If you have entered the space recently and do not have much experience I will advice extreme caution at these prices.
Here are some articles that discuss this issue:
## ICOs “High On Radar” Of US SEC - Regulator Source
As markets wait for the US Securities and Exchange Commission (SEC) to address ICOs, a source has confirmed that ICOs remain “high on their radar.”
Quoted by Reuters on Wednesday, a regulator who asked to remain anonymous confirmed the Commission was eyeing the wildly popular fundraising instrument.
“I know that this is something that’s high on their radar,” the source confirmed.
https://cointelegraph.com/news/icos-high-on-radar-of-us-sec-regulator-source
## Legality of Basic Attention Token and Other ICOs Called Into Question
At the start of June, Brave Software raised $35 million USD in 30 seconds, selling out their Initial Coin Offering (ICO) in record time. With recent reports indicating that the United States Securities and Exchanges Commission will be taking steps toward developing regulations for ICOs, questions have surfaced as to whether or not pre-sale token distribution fundraisers are comprising the illegal sale of unregistered securities.
https://news.bitcoin.com/legality-of-basic-attention-token-and-other-icos-called-into-question/
## Consensus 2017: The Legality of ICOs – Past and Future
"It's like painting a target on yourself. Because, what does an organization like the SEC regulate? They regulate IPOs. That's what they regulate. So, let's just change one letter and make it a 'C' and then it's OK, right? No. Why would you adopt the terminology of the regulator when you’re building a thing you hope they don't regulate?"
http://www.coindesk.com/consensus-2017-the-legality-of-icos-past-present-and-future/
## “Clear Speculation” Boosting Bitcoin, Ethereum amid ICO Boom: South Korean Officials
The recent rise in cryptocurrency prices has taken on a speculation aspect. It is a clear speculation. In particular, it is different to evaluate the value of an initial coin offering (ICO) which issues a new coin, so it can make unreasonable profit.
https://www.cryptocoinsnews.com/clear-speculation-boosting-bitcoin-ethereum-amid-ico-boom-south-korean-officials/
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