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I really don't understand why they are going up. So many eth are going to be released on the market soon. You think this would devalue eth. Can someone explain why it's going up.

eth hardforked and was added by coinbase, not sure why dao goes up but good for me

Well I can see dao going up to 100dao to 1eth. Just because you can cash it back in for that, But anything above that I have no clue.