Date: January 10th, 2018 2:02 PM Author: Sticky public bath selfie
cryptos have no reliable information sources, no quarterly earnings to report and no obvious ways to return cash to coinholders. this leads to massive random moves without an obvious catalyst followed by thirty different theories to explain why they happened.
You can say flight to quality or eth was undervalued (what does this even mean when no coin is paying me dividends or being bought at a premium by another coin) or whatever, but that doesnt explain why this spike happened now as opposed to say a few weeks ago or two weeks later. My totally uninformed guess is probably an imminent announcement of ethereum futures