I think, lots of new ico tokens are killing ethereum.
They are dumping ethereum they gathered throught ico.
Topic: Ethereum price killing a lot of new ICO tokens - page 6. (Read 583 times)
I think that's not about ethereum price, yes indeed many new tokens distributed with ICOs have fallen to near zero, but also some of them perform well against eth. Just look at ZRX/ETH chart, though ZRX has also crashed too much nowadays it still outperform eth.
source: coinmarketcap
source: coinmarketcap
They are now in tragic lost, I even saw an ICO when ETH's value was around $400-$500 and they declared that 1 ETH = $800 as per their ICO tokens.
I forgot what's that ICO. I wonder how they are doing right now.
ICOs that are still on their pre-sale are having a tough fight of ETH vs. $ value.
I forgot what's that ICO. I wonder how they are doing right now.
ICOs that are still on their pre-sale are having a tough fight of ETH vs. $ value.
Series of tokens have been developed and some are still in the ICO. Those that have been completed and listed on exchange are really suffering a big blow in term of loss of value in the exchanges. The new ones are scared of being listed on exchange at the moment because of the market situations at the moment and the effects it could possibly have on their tokens' value.
Because the market is looking more and more like the dotcom (Internet) bubble. A new project born this year can of course succeed in the long term, but don't forget about the crashing of many dotcom companies at the end of the nineties. The situation of the cryptocurrency market right now is very similar to the dotcom bubble. Many think twice before entering the market.2018 is a deciding year. It was kind of expected though.
Series of tokens have been developed and some are still in the ICO. Those that have been completed and listed on exchange are really suffering a big blow in term of loss of value in the exchanges. The new ones are scared of being listed on exchange at the moment because of the market situations at the moment and the effects it could possibly have on their tokens' value.
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