ICOs Created a Strong 44% Downtrend for Ether in 14 Days

PeterTom

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Quote from: Vladdirescu87 on August 17, 2018, 08:55:18 AM

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png

This is exactly what we must believe. Everywhere they say that you need to sell everything to stay with what is. Personally, I think that now is the best time for shopping, because the market shows that there are practically no sellers at such prices.

Tooevilforyou

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Quote from: Vladdirescu87 on August 17, 2018, 08:55:18 AM

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png

I don't think that people understand how much ICOs are negatively affecting the prices of other coins especially the price of ethereum. The only reason that ethereum has been in a downtrends when the rest of the market has been holding up well is because of the ICOs which are all basically scam coins by the way. And it will take a while before it gets better.

electronicash

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with the number of ERC tokens circulating, its not going to be surprising for anyone who expect to profit from ETHER's rise after all these turmoil. sooner when we run out of things to spread fud for the holders and it hits the bottom, it will blow up. And it probably started already as the price are gradually appreciates.

Quote from: BTCgomoon on August 26, 2018, 05:18:31 AM

Ethereum's decline is because its bubble is too big, and there are a lot of ERC20 tokens. They are actually scam, so the price drop of Ethereum is normal. When those scamer left, they took away the Ethereum fund.

no matter how big those scammer had gotten, it can't contribute much to eth's fall.

Omega Weapon

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Quote from: BTCgomoon on August 26, 2018, 05:18:31 AM

Ethereum's decline is because its bubble is too big, and there are a lot of ERC20 tokens. They are actually scam, so the price drop of Ethereum is normal. When those scamer left, they took away the Ethereum fund.

The problem of ethereum is that it depends a lot on the ico market, and when the market is not doing very well then ethereum suffers a lot from it, and that is precisely what we are seeing right now, but I really do not think that is such a big issue, ethereum is going to recover eventually and when that happens all of those that sold their coins are going to regret it.

Bytem3

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There has been a 47% decrease in ICO funding in the last 3 months. It dropped from $1.74B to under $1B.
https://coincodex.com/article/2235/july-ico-market-analysis/

People do not need as much ETH as they used to before when there was a lot of ICO investing and the ICOs are selling Ethereum on the other side. This is what caused Ethereum price to drop so hard. Once the market starts to recover again and all the ICOs that are waiting now launch ETH will boom again.

wuyangbo

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I suggest you not to buy ICO this year. Many of the projects this year are fraudulent. Although it is on the exchange but does not mean it is not a fraud. A lot of ICOs are like you. Let all investors lose money.

KuromaYoichi

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Sovryn - 300-500% APY on USDT Deposit

I know this kind of situation are going to come, it's very good in bull market because the project collect more money than they initially planned but in bear market like this icos will sell their ether to secure the funding of their project and that means suddently there's a lot of sell order in a large amount from a lot of icos and that will push the price down even further.

BTCgomoon

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Ethereum's decline is because its bubble is too big, and there are a lot of ERC20 tokens. They are actually scam, so the price drop of Ethereum is normal. When those scamer left, they took away the Ethereum fund.

Eto_mete

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The condition of the market is bad, there is no denying that. Even the ICO investments fell. But that does not mean that the market will forever be bearish. Given that last year the condition of the market improved, this year is no exception either. Only the pace is slow, that's all.

Omega Weapon

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Quote from: Vladdirescu87 on August 17, 2018, 08:55:18 AM

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

It is true that ethereum performed very poorly and there is no way to deny that but at the same time I see this as an opportunity, many people are going to regret not investing in ethereum now that is so cheap, we are not sure we are going to have this opportunity again and if you do not take it then someone else will, why give up profits that are right there in the table and ready to be taken?

cryptoJJJ

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There has been so many ICO on the Ethereum blockchain the last year, and now when the ICO start to dump their ether other will follow and a domino effect are happening.
I’m sure some people who hold Ethereum are starting to short their holdings also, witch just leave to even bigger price falls.

Docbee

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It because ethereum smart contract is commonly used during token generation for ico when fund are needed they will have to trade it to fiat to purchase equipment to launch their platform.

Pet240

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This seems although pathetic, but that does not mean that we should not understand that this is crypto currency. It has the tendency easily fall and the tendency to easily rise.

edmundo

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This is happening because Ethereum has refused to tighten up its blockchain. It is so easy to develop a project on ethereum blockchain and this means anyone can just develop a shit project with no substance and float an ICO ripping unsuspecting investors off. The decentralized exchanges on ethereum haven't helped either, they make it so easy to list a coin and promote massive dumping hence crashing the price of Ethereum. It is a sad situation but unfortunately there isn't much that can be done.

EscapePlanETH

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It will be very disappointing if this type of fall happens. Every coin has to face its bad time. So it’s a bad time for Ether. I hope this fall does not last for many days and will recover it very soon.

wsca

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That's not a good news. The price of ethereum has Fallen from $470 to $260 within just two weeks. It is true that the whole cryptocurrency market is facing a bearish trend now. Many investors believe that market manipulation is the main reason behind the drop of price of a Ethereum.

althiche

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The fall in price is sad to see. But we need to look at the bigger picture here. The market has been in worse condition too. But it did got out of it. The market is bearish, but it will hit the bull run.

Kemileye

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The sudden fall in the price of ETH actually surprised me because I was actually have some $150 worth of ETH in my wallet so when I checked, the price has dropped dropped badly. I think the ICOs has effect on ETH because a lot of ICOs that collected Ether dumped it during this period.

kabir ullah

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I don't feel that ICOs have that much of an impact for the recent bleeding of Ether market. Rather a lot of the investors kept their trust on Bitcoin and converted their ETH and other ALTs to BTC when the market's bearish trend started. That was the main reason behind the dumping of ETH in current market.

RottenSteel

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ICOs have been responsible for a lot of things to happen in 2018 till now. A lot of newcomers and old investors got frustrated falling for scammy ICOs and their poorly paid bounty programs. Now they are being accused of downtrending ETH through iquidation of the capital generated by token sales. I think it's high time we give it a though if we need ICOs or they need us.

Beity

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Due to the ICO owners accepting ETH as their capital, we are slowly giving them the power to control the market of ETH while they can choose to pump their tokens and dump ETH as much as they wish to. This is not only alarming but also thought provoking. We should not give ICOs so much power to change the tide of the market based on their own wish.

sanacaks

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I am wondering if ether can get recover in a small quantity of time. If it goes down in two weeks it will be not a surprise that ether prize can recover in 2 weeks. If this happens its a good amount of profit.

Muhammad Muneeb

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: Vladdirescu87 on August 17, 2018, 08:55:18 AM

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

this decline was caused by the cobinhood exchange who dumped the 45 million$ in ether this is why the price dropped to this level if the price of ether get recover then the marketcap of overall market will recover as well

ven7net

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Yes you are right! ETH very much fell in relation to other top coins, but everything has its own explanation. Causes as always can be a lot, for example, whales want to purchase ETH at a cheaper price before rising, and now they are playing on the slide. Especially soon the global updates in the Etherium network are planned.

BTCisAngelCoin

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Yes, I think people don't need to be worried about this. This is the middle of the year and such downs will happen. Sometimes before a huge rise, the prices usually fall and that's okay. What we need to do is to hold as long as we can. We should wait for the market to be healed.

coinplus

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Quote from: Vladdirescu87 on August 17, 2018, 08:55:18 AM

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

[im g]https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png[/img]

Putting all the blame on the ICO's is a bit harsh if you ask me.
Basically all coins out there have dropped incredibly low recently, ethereum has been doing a bit worse than the rest but it also got high while all others went down before that as well, I believe ethereum tried to hang on as long as it can but eventually cave in and dropped as well which made it a sharper fall but still the same numbers like others. Hence, do not put all the blame on ICO's but also market has to get the blame as well, market is down for every single coin, why not for ethereum.

If you look at it that way, there is now way ethereum could have stayed up.

mazdafunsun

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If we consider that ETH had a all time high of 1400$ then 260$ amounts to 8over 81% drop, this is huge. There was many that anticpated 78% drop but not more this is why ICO dump could be real explanation of this situation. Some of them could realy chickened out and gived in to panic. At this point i dont see that ETH could go lower.

fairyvibes

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Just be optimistic and use this as a golden opportunity to buy ethereum for really cheap. It is the 2nd most trusted crypto coin after bitcoin.

dearbesz1219

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Ethereum is a coin with a use - ICO tokens are built on Ethereum platform and if these tokens have a problem, the whole network has the problem. Noone uses tokens, nonone uses the platform (network). So that is why Ethereum now falling down.

vicvicto17

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It all depends on bitcoin price movement- We can't handle this situation, if you're a holder then time for you to buy more- Search for a legit ICO that you know it will grow up potentially.
Ethereum could reverse back to it's price so be patience for now.

caneraydin123

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it worries me. Sometimes I have a feeling that the market will rise. but still not rising. ICOs are so unsuccessful. The Bounty campaigns are not making the payments they promised. Everyone who enters the market is disappointed. Must return to 10 k levels by the end of this year. ETH must be at least 500 USD. We should get more good news

icxC

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The price of the coins are slightly high now. We have seen lots of ups and downs in market last few months. Ethereum is a trustable coin. I think it will have a good growth again.

TurveyDrop

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150 billions USD is a really enormous! But i think the market will recover the loss very soon. But i can not understand how can ICOs creates this bearish trend for Ethereum? I hope the bull will come back soon.

RadiontLoss

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Last 2 weeks were like disasters for the cryptocurrency market. Especially Ethereum had a serious break down. ICOs will also have a bad time if Ethereum falls like this.

iPannaPro

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I think that there is still hope and we will wait and see to the last.

glaccief

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I assume this is for sharp edge asset evaluation which is good for us in the long run. Don't lose hope and keep investing. I am pretty much optimistic about the future of ETH, let's see what happens.

Eto_mete

newbie

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The whole market is going downward. So Ethereum is just following the trend. And I think ethereum is dependent on bicoin. Unless the price of bitcoin increases, ethereum price will continue to falling down.

karlkino

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At this rate, the value of ether will continue on a downward trend, the only compensating thing is the fact that most icos wont want to list in this current market condition. However, it is very likely that market conditions will improve towards the end of September which is when the SEC's decision on CBOE's ETF application will be released.

mikyadel

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Arabic Translator

these kind of news with clickbait headlines are the primary cause of the continuous drop of price .ETH went down just like all other coins which is a steep correction nothing more because of these FUD news plus whales manipulation.
one of the reasons ETH price dropped heavily was because of EOS, which created a hype that it will replace ETH in the future that made investors shit their money into it .

Eto_mete

newbie

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I am really disappointed to see the performance of ethereum recently. I don’t have any hope on it now. Maybe it will not survive in crypto market so far. Very soon it will be completely crashed.

wsca

newbie

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This is really unexpected fall of ethereum. Great loss for the investors and holder of ethereum. But there is still hope. Soon the market will rise and hope so ethereum will catch up the market.

Ostonian

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I do not think that it was IСO that influenced the fall of this and all the markets. The market is manipulated by big players who have large stocks of crypto-currencies, and thanks to high turnover, they raise or lower the market.

Pab

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Many ico's are selling his eth .All that ico boom begin with eth price 200$ maybe 200$ will be eth hard floor.Biggest problem for all crypto is lack of usage .ETH price was pumped with ico boom now it is over

Aigerim

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In this week, a couple of analysts, for instance, Eric Wall, a lead crypto expert at FinTech firm Cinnober, revealed that Blockchain wanders that made innumerable dollars in Ether in latest one year dumped the propelled asset on the crypto exchange exhibit, conveying a domino effect across finished tremendous exchanges.

kulakvlad

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I don't think anything terrible happened. I am sure that the market will recover and we will see new price peaks.

Zhamilya

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Perceive that the total aggregate delivered by Initial Coin Offerings (ICOs) in their token arrangements don't give that new capital is penetrating the market yet to some degree existing capital kept in major Cryptos, for instance, Ether and BTC moving to ICOs.

cvpwy

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This week, Arthur Hayes, CEO of BitMEX, a Crypto trade, noticed that in only a week BitMEX turned into the best trade for ETH/USD exchanging, as its 50X utilized ETH/USD swap has changed into the profoundly fluid Ethereum exchanging pair on the planet showcase.

Akmaral ( Akee)

newbie

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It is very difficult situation. If the price continues to fall like this, it will be very tough to recover that or it will take long time to recover. I hope everything gets sorted out

RottenSteel

newbie

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You know this is the worst part of ICOs. They pump up the market by raising the price of any coin and after sometimes they dump it up and the general investors suffer. This has to be stopped

deep4u

sr. member

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This is fact that every ico comes to market accept Ethereum as payments for investment and for development of projects they need funds so more selling power are increasing more than buying so price of Ethereum as broken more than than other cryptocurrencies in recent days.

Tobt

newbie

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I think this high time we took necessary steps to build a comparatively stable market. Fluctuation of price in this level will discourage lots of investors and hence the market will be hampered

qazgroup

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RiveMont

I do not think we can blame icos for this downtrwnd only, all the alts were hit badly by this downtrend and it still seems to holdthe ground, i wish it will be over soon.

TungayETH

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Not only just Ethereum, the whole crypto market is facing this downfall of price. This got even worse for Ethereum as ICO has thrown more Ether on the crypto market. But things may take positive turn if the investors come forward.

profitgenerator212

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Quote from: Beity on August 23, 2018, 12:36:55 PM

yes I know that within only 14 days the prices fall more than 40% which is really unfortunate , but I guess you still didn't check the recent updates of the market and that is the prices are started to raise and everyone is expecting that situation will be better again

Just a small wave and now the price of ETH is still below 300$. Exactly today, ETH fell to a low of 269$. And it will not be long before ETH will go down below 250$ in September

utiltox

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in principle, it was predictable, with the current state of Affairs in the market, and I am very worried about what will happen in the future with the price of Ethereum.

Beity

newbie

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yes I know that within only 14 days the prices fall more than 40% which is really unfortunate , but I guess you still didn't check the recent updates of the market and that is the prices are started to raise and everyone is expecting that situation will be better again

GoldenShark

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I agree with your information but I would like to clarify one that is this place is very unstable and this kinds of incident happens here but that doesn't mean that we have to lose hope or get worried, things will be better very soon we just have to be supportive towards the market

SweetSin

newbie

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your are right but crypto market following liquidity thats why anything can happen here. ETHER price are go down last 14 days thats does not mean it is over. it will come back and turn around. its wait for a good time. i think it will increasing price and make profit for investor.

cabin

sr. member

Activity: 604

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Though the price of ethereum or all crypto may be down and falling but I think it is a very good time to invest in the coin and hold for long term because the price will rise high again when the market recover from the fall.

CryptoSimmonds

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Activity: 56

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ether are go down last 14 day. don't worry it will upward and increasing price. i think it is good time for invest here. i also want to invest here. because it is now low price and it will be increase price in early future. it is more probable and its future are more profitable.

NeckettMarket

newbie

Activity: 77

Merit: 0

ether price are fall down last 14 days but it still now in crypto market. thats means it will do something good in future. i think it is better to invest now because if you buy with low price and hold it. when price are go upward then sale it. it is easy way to make profit. thats why it still now profitable.

BTCisAngelCoin

newbie

Activity: 215

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Yes, like you, I think the real situation of the cryptomarket is little down now. So it is not contrary to Ether. However, it is expected that in less time, Ether will be in his own position. So I'm not worried but waiting for benefit.

Olga Khan

newbie

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The situation of the whole cryptocurrency market is such that no one can perfectly guess the future value. The trend of current reduction is slightly higher, but it is expected that Ether will be upwards. And the price of Ethan will increase further than the previous.

SwagSpynx

newbie

Activity: 31

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Although it is a matter of concern that prices are declining, the normal character of the cryptomarket is similar. Prices tend to decrease and there will be an increase in time. So. hopefully the ICO price of Ether will increase a time. There is no reason to worry about wait for the right time.

Lattlyined

newbie

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It is an alarming news, though the crypto market is very volatile as we know. Ether is a very known coin and many people especially who are new in this market owning this coin will feel depressed, I assume. The price will go up, we just need to hold.

Vladdirescu87

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Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

Topic: ICOs Created a Strong 44% Downtrend for Ether in 14 Days (Read 465 times)