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Every country should follow the regulatory steps that Russia has taken. It should be taken as a positive sign as governments are actually seeing cryptocurrency as a potential digital assent or currency. New ICOs will come compliant to the international regulations which will attract more investors. Now new and old investors will both join the ICOs and make even bigger ICOs.
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ETH will never go to 1$ this year because of the supportive regulations from Russia, Estonia, Switzerland, Gibraltar , Singapore and others. More and more ICOs based on Ethereum smart contract will be launched according to the most compliant regulation. People are going to put more trust and money as the regulations support it. Hence, the value of ETH will have a sustainable steady growth.
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Bitconnect was even in the top 20 of coinamrketcap list at some point in late 2017 . If they are actually pumping and dumping, people are going to lose a lot of money.
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I think at the end of 2020 only the fittest coins will survive the cryptocurrency market. By fit, I mean the most use cases such as Ethereum. There will be market leaders like Ethereum, Bitcoin and others. And along with them the coins which serve to a whole particular industry which have already accepted the coin for their use will survive and rebuild the whole crypto world.
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