Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.
What a nonsense!))) Don't you think that there would be analogue for Ethereum by now? Smart contract is a great thing that has brought crypto transactions' security to a higher level. When Ether was going through the ICO stage it used to cost 0,5$, and now (in the bear market time) it is about 500$.