Topic: ETH Prices Are Dropping And The Reason Is ‘Not’ BTC? (Read 100 times)
Yes, ethereum is difficult, constant pressure now. But I believe that we will see it again at the mark of 1500 dollars))
Negative assessment of the prospects of the air is formed on the basis of the fact that a large number of scam ICO projects have been conducted, which should lead to serious discharges of the ETH coin by the owners of these companies, which affects the value of this crypto currency. But I'm inclined to think that the ICO market should be self-aligned against the background of investor experience. That will lead to a greater number of really in demand and realized projects. I hope this will lead ETH to growth in the future.
that is only part of the reason, because if the real ICO panic hits the market and if we really start seeing the effects of real ICO bans not the ICO advertisement bans, then by that time Ethereum will see a much bigger drop than this. because the only usage of ETH is for creating ICOs and the main reason for its rise has been these ICOs and if you remove this reason there would be no more usage for it and the price of it can drop to $10 again.
in the blocking of ICO ads in social media also affect eth price. because part of the platform of ICO is ETH.
With the entire market going down and BTC riding at $8,043, ETH price is experiencing a much terrible fall by plunging down to $456. The government uncertainty towards ICOs, short-term investors looking to stockpile on fiat are causing the fall down at such a rapid pace.
See the post: https://coingape.com/ethereum-dropping-reason-is-not-btc/
See the post: https://coingape.com/ethereum-dropping-reason-is-not-btc/
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