Topic: Erc20 tokens rely entirely on ETH? (Read 339 times)
It is possible that in general all trading coins have reached their rating thanks to speculators and their owners. But in fact, in the future the situation may change dramatically, because only projects that will be very popular in society and will be really used in practice will change ratings and their coins will also occupy the first top ten.
I think it is because they are not really "coins" or at least they are not considered that way and they are just "tokens" which makes a big difference. I mean there are still ones that shine and become big but people are trying to invest into coins lately and there are not that many erc20 tokens that are in top 20 of crypto currency list (as far as I know) which is why they are not getting too much attention. That results with lower volume and that lower volume equals to slowly dying, when there is noone buying the sellers have to drop the price as much as they have to until they buy some more. It means the price will keep going down and down until something is done.
Hence, the difference between "token" and "coin" makes them go down a lot faster than non erc20 ones.
Hence, the difference between "token" and "coin" makes them go down a lot faster than non erc20 ones.
Well i agree with most of your points. I also myself consider the projects that are not on ERC network to be better performer rather then the one that are using other networks blockchain. But there are exceptions and alot of it so there is nothing that can be said for sure in the blockchain industry.
I can boldly say all altcoins under Erc 20 rely only on eth, if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.
This happens very often when the market tends to fall, but I believe that with the potential of this market, surely all altcoin using ERC-20 will have better prices in the coming time. Now most people are having a huge loss in investment but if we know more patience, any investment will bring a big profit to us so consider carefully before buy and always have to see the volatility of this market
that's not true, because actually projects running on erc20 can still be successful even though the price of erc20 is on the decline. and the ICO or IEO program is easy for fundraising because they get investment funds directly from exchangers. maybe for now indeed some investors are avoiding ETH because the price is so far down. but see later when ETH successfully launches their latest update I'm sure there will be a big surprise with their price. it looks like it will happen at the end of 2019.
You seems not understand what erc20 is as you have no idea base on your findings which show that your thought is that only erc20 raise funds through ICO and IEO which is a big lie because erc20 is the code for ETH blockchain which stand as a smart contract for any token to be able code their programs and run it on ETH blockchain and that does not mean every coin there are not performing and are only the one raising funds .
that's not true at all and the fact there was a lot of trusted assets in ERC20 tokens too. have you known that? if there was a platform that even worst than ethereum that called waves platform which almost 100% it has been used to produce shitcoin? A lot of stand-alone blockchain project has started from ERC20 asset.
I can't agree with all of your statement, dude.
I can't agree with all of your statement, dude.
I can boldly say all altcoins under Erc 20 rely only on eth,
not all altcoins are under erc20 and not all altcoins rely on eth because there are some that is created on the waves platform .if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.
not really . i have seen some erc20 coins that are eth based but they arent affected when eth dumps . thier value is still the same and stable but they sometimes follow the path of bitcoin . i think bitcoin is still the one that controlls all the coins and not eth 1. Standalone projects that run on own blockchain are better
I can not say your opinion is exactly true. Creating coins with their own blockchain is not easy so the majority choose the easier one. Actually this is an easier option, which saves from a lot difficulty but there are always bad ones. This is a simplified system for us but since it is easy for everyone to do it, these kinds of weaknesses can happen.2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
This is true for the few coins that are in front of eye because they can afford their own expenses and they have enough money to prepare the product.But look for useless coins based on wave, there are hundreds of them, they also do not need ICO or IEO.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
We all know about present dominance in the market. This is a prolonged issue. ETH's reaching $1000 in the current situation means that the BTC also reaches certain level, which means that the entire market increase.
There are projects that do not run an ico or ieo on ethereum blockchain that are doing very well regardless of the price of eth. But you are right in the aspect that majority of shitcoins in the crypto space are eth-based.
I can boldly say all altcoins under Erc 20 rely only on eth, if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.
Number 2 is interesting. What do you base that on. Do you have any verifiable figure or something? I guess most ICO coins that are worth less than the non-ICO coins, probably didn't raise much during their ICOs.
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
Well there are many projects that begin as ERC-20 for the fundraiser purposes and then move to their own chain...but in order to be on their own chain chances are that firstly they grow inside of ETH ecosystem.
On the other hand the erc-20 dead projects are out of control. Everyone just makes another one...
I would say that it is not ETH's fault but the fact that most of them have nothing to show.
Last but not least, the projects that are in their own chain are minable most of the times so...they get some more attention from speculative miners even if that does not say necessarily something about their future.
as developer works on customs with manage on providing use of goods on manufcaturing those gives of chance on extensive as use with drawing of price chart on market to helps as referring initials on intelligence as showing with work on manage from developer.
for erc20 right now is suffering, it's just that I'm not sure the loss reaches 80% because I think there are other derivative tokens now that there are far more suffer from ethereum for example from waves, neo, eos, stellar, ardor I think they are worse than the decline in the value of ethereum token.
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
Ethereum price rise doesn't mean all ERC-20 tokens will follow the same. ERC-20 tokens have different utilities/use, Price of those tokens will depend on how much the ERC-20 token is used or has demand. 1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
Really the price does not depend on the platform. It depends on market factors, the development of the project. If a project is operating on a platform other than erc20 but not developing, the token price cannot be increased.1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
I think you should consider the reality of the market more. Good luck to you!!
All ERC-20 tokens depend on ETH prices and this is uncommon that if ETH price falls, any other ERC-20 asset raises. We need to wait for the period when ETH will start to increase in price and all other ETH based tokens will follow.
since all erc20 tokens depends on ETH price thats why i lose interest in new projects that refused to include moving to own blockchain on roadmaps, if all your holdings are erc20 tokens you will have to wait till (God knows when)ETH start surging in price. 
I support all the points that you wrote about, but I think that in the future, Ethereum will grow as well as other cryptocurrencies about which you speak.
I think currently the ERC20 token does not depend on ETH, not like 2017 when ETH price increase all ERC20 also increase. Now its depend on the development of the project, and now you can have lots of dead tokens because the project is not developing.
ERC-20 tokens are depreciated due to the non-functionality of Ethereum. Now only online casinos and various games remain on the Ethereum blockchain. This is absolutely not a promising industry. You should pay attention to the new blockchains on the similarity of Binance and TRON. Until ETH makes an update in its industry, all investments in altcoins will be unprofitable and bullrun will not help.
All ERC-20 tokens depend on ETH prices and this is uncommon that if ETH price falls, any other ERC-20 asset raises. We need to wait for the period when ETH will start to increase in price and all other ETH based tokens will follow.
what I see also like that is that the increase in ethereum prices greatly affects the value of tokens generated from the erc20 platform. many projects produce erc20 tokens but do not function well, it is difficult to develop if ethereum prices are down.
Investors are considered blockchain as a product that has been made by the team and that's why a coin which is running on its blockchain is more valuable.
For the second statement and it doesn't true at all. Check icodrop and you can see almost more than 80% of the coin in the top CMC raised the funds through ICO.
For your last statement and IEO is the main problem for ethereum right now.
For the second statement and it doesn't true at all. Check icodrop and you can see almost more than 80% of the coin in the top CMC raised the funds through ICO.
For your last statement and IEO is the main problem for ethereum right now.
Not all altcoin or erc20 tokens are dependent on the ETH platform, because there are also projects that raise funds through ICO or IEO they can have maximum success, it would be better if the project uses its own blockchain, as long as the project can be really strong in the market , because all altcoin will still experience a price decline when it enters the market, so it does not fully depend on ETH.
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
1. i wouldn't put it like that but essentially true. projects that are standalone are generally better because the developer has put more thought into them. but not all of them. just like tokens they can also copy some code and change some arbitrary lines and create a new useless coin that ends up in the same graveyard.
2. that is true.
3. whether ETH will go up ever or not won't change anything about the token prices. people still have to buy those token for their prices to go up.
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
I agree that there are so many ERC20 tokens that ends up like shitcoin, one it's so easy to create a token using Ethereum platform, everything is complete here, token creation, explorer, wallets all a project needs to set up their own token.
But I believe it's not about Ethereum, it's the project themselves, they do not have working products or services that the community will need and use.
There are many top coins in the market, that create their own chain and platform, the cryptocurrency is still in its infant age and we want to be a part of projects that has a good chain, it's still a battle between who can offer the best algorithms and chain.
Those are your thoughts and opinion and it cannot be wrong nor true so it's a neutral statement for my understanding. Too bad that the entire market of altcoins are really affected of the rise of bitcoin and we can't blame those erc20 tokens that are going done.
It's the usual cycle of the market that most of the projects whether based on erc20 or not, has own blockchain or relies on ethereum chain, they are all affected.
It's the usual cycle of the market that most of the projects whether based on erc20 or not, has own blockchain or relies on ethereum chain, they are all affected.
Interesting to know your opinion and here is mine opinion, stand alone Blockchain projects can be better than building on another Blockchain projects because of the.project management willingness to make reality of the project. Most at time I would.not.like to promot project on another Blockchain because of their lack of real world case use. For ICO and IEOs they are after the investors money and then disappear and dump the project.
I really appreciate your thoughts on the current condition of coin prices. 40% strongly justifies your thinking about the price of coins, and I think at point number 2, that projects that do not raise funds through ICO or IEO work better than the ERC-20 project is something I am examining. Not only you who say that, but my friends also say.
Its plain truth,what i still dont get is why projects that achieved all necessary funds ends up been a failure.
Projects with no ICO or any form of fund raising shows they know what they want and what they are doing based on them funding the project by themselves?For example ( its my money and i care)
Its like most projects that based on investors funding their projects relent on the actual funds more than the problems they want to fix in crypto space for example ( its investors money and i dont care)
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
Its not about erc 20 or any other coin platform, but right now ICO project or IEO not backed by real product and ecosystem will dump..they only survive in short time may be because dump and pump scheme 1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
hello cryptopians i want to ask you guys what you think about this thought of mine,almost 99% of all altcoins are suffering from this present market condition but erc20 tokens are the one that loses most of their value the most like 80% of value or even more. This is why i think most shitcoins are based on erc20,for example
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
1. Standalone projects that run on own blockchain are better
2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.
3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens
Are this all true or not?drop me your answers below and give me the reasons why you think otherwise thanks
Jump to: