Did something happen in April? What influenced the price of etherium?

Stavri

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Quote from: PurpleDog on August 16, 2017, 03:30:25 AM

Looking at the charts of etherium and litecoin, there has been a major boom in April.

Can anyone help me understand
a) what happened in April?
b) what is the reason that the price of etherium mulitplied that much?
c) what do they mean when they say that the price of etherium has been infulenced by ICOs?
d) what is the reason that the price of litecoin multiplied that much?

thanks

Cryptoworld became more popular and more investors are joining to market. That is why not only etherium or ltc but many altcoins raised so fast after march.
Ethereum infulenced by icos because project owners can dump ethereum because they have many of them...

PurpleDog

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Quote from: L on August 16, 2017, 03:47:58 AM

Every shitcoin got pumped AF in April, nobody nows why, some worldwide FOMO happened.

Ethereum pump could be caused by the new increase in ERC20 tokens, litecoin got SegWit before bitcoin, it got a huge pump from that.

You mean fear of missing out? But why? There's plenty of supply. Also, even it that's the case, the question would be, what caused that FOMO?

What was the date of SegWit on litecoin? Was it April? I thought it was later on.

Quote from: slaman29 on August 16, 2017, 03:56:44 AM

You missed the spring madness yes? That was the period when a lot of ICOs suddenly sprang up, and most of them were using tokens on Ethereum blockchain. Bonuses were also given out for ETH users in some ICOs. Basically, demand for ETH accepting ICOs made the price jump.

Then again, all the alts were rising after BTC finally reached old ATH and broke it. Every crypto just enjoyed the ride.

So this is what they mean when they claim that the etherium rise has been connected to ICOs. Well, it that's the case, that would explain the rise of etherium, indeed.

Quote from: 9000 on August 16, 2017, 05:11:51 AM

we are expecting another altcoin run in September

Based on what? And why in September?

9000

full member

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Quote from: SavvyOli on August 16, 2017, 05:06:18 AM

Any Idea if it will go up again? any news thats similar to this?

Bullrun is not over yet, we are expecting another altcoin run in September, take your positions now, altcoins are bleeding and you can have really good entry prices.

Se you on the moon. Cheesy

SavvyOli

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Any Idea if it will go up again? any news thats similar to this?

CarlOrff

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Activity: 826

Merit: 440

Quote from: PurpleDog on August 16, 2017, 03:30:25 AM

Looking at the charts of etherium and litecoin, there has been a major boom in April.

Can anyone help me understand
a) what happened in April?
b) what is the reason that the price of etherium mulitplied that much?
c) what do they mean when they say that the price of etherium has been infulenced by ICOs?
d) what is the reason that the price of litecoin multiplied that much?

thanks

There is a lot of factors :
- the stress about the btc fork rumors (Will Bitcoin dy ?)
- the boom of all the cryptos
- the rush of the miners on ETH (principaly AMD miners)

... but the true question is not "what appened in april", but "Why the Ethereum shitcoin is so high ?".

Where is the so promised PoS ? It never come because it is technically impossible.
What about the multiple cracks on Ethereum projects (DAO and so on) ?
What about all the difficulties in the Ethereum blockchain during some "big" ICO ?

slaman29

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You missed the spring madness yes? That was the period when a lot of ICOs suddenly sprang up, and most of them were using tokens on Ethereum blockchain. Bonuses were also given out for ETH users in some ICOs. Basically, demand for ETH accepting ICOs made the price jump.

Then again, all the alts were rising after BTC finally reached old ATH and broke it. Every crypto just enjoyed the ride.

L

full member

Activity: 182

Merit: 100

Every shitcoin got pumped AF in April, nobody nows why, some worldwide FOMO happened.

Ethereum pump could be caused by the new increase in ERC20 tokens, litecoin got SegWit before bitcoin, it got a huge pump from that.

PurpleDog

member

Activity: 162

Merit: 10

Looking at the charts of etherium and litecoin, there has been a major boom in April.

Can anyone help me understand
a) what happened in April?
b) what is the reason that the price of etherium mulitplied that much?
c) what do they mean when they say that the price of etherium has been infulenced by ICOs?
d) what is the reason that the price of litecoin multiplied that much?

thanks

Topic: Did something happen in April? What influenced the price of etherium? (Read 291 times)