Although I won't be surprised if ETH pulls back post DAO sale (5 days from now), IMO this is not peak first hype. IMO peak first hype is going to be over $50. Bitcoin has their halving event coming in July, and they remain at their transaction ceiling. If BTC does not rally soon after the halving (and I don't think it will), then shoop!, it's going into ETH. When bitcoin went nuts in 2013, it reached a marketcap of $14B. That would put ETH at $175. At that time, the number of people that were in the cryptocurrency universe was much smaller, and the number of on-ramps were far fewer. At the same time, the success of The DAO is going to lead to a whole lot of new DAOs. Coinbase didn't change their exchange's name to Global Digital Asset Exchange to trade DOGE and LTC. They are going to trade DAO tokens. Someone somewhere is creating 'insta-DAO software' atm. Shit is going to be messy, and it is going to be crazy, but you are going to need ETH to play.