Topic: The price of most ERC20 tokens depends on the price of the ether! (Read 488 times)
Well seeing as they are built on the ethereum platform then yea I guess it is only normal that the price of the tokens are dependent on the price ether. Also you cannot ignore their trading pairs, once these coins are put in the market their trading pairs are with eth so whatever happens to the price of ether is what happens to the price of the tokens.
August 25, 2018, 03:46:51 PM
I have noticed a trend where Bitcoin falls or rises, alternative coins will follow.
August 25, 2018, 06:43:56 AM
As I observe the tokens are more dependent on he BTC they follow him as the leader.
August 25, 2018, 06:37:05 AM
That is not surprising given that they are made on the ethereum platform so it is only normal that the price of ethereum will affect their prices and now that ethereum is not doing too well despite all of the other coins doing well just goes to show that a lot of the tokens are in danger now. Hopefully the price of ethereum will start to do well so the tokens can do well too.
August 22, 2018, 11:13:17 AM
When Ethereum is also the foundation of the ICO, it is inevitable that Ethereum itself will be dominated by such projects, and sale of only one project can produce a change of purpose for the market. In these cases, ETH price may then increase and ETH based Altcoins will increase.
August 22, 2018, 11:04:30 AM
One general reason for that happening is due to almost every buy and sell order of ERC20 are placed with ether. And the current price are expressed in ether. When the price of the ether fluctuates, there would be a resistance of fluctuation but the price of the token moves with the price of Ethereum.
August 22, 2018, 10:55:55 AM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
Yes because most of them are trade with ETH pair.
So, if the price might be increase in ETH pair but eth price is down.
The token price is actually down
August 22, 2018, 10:55:36 AM
Price Etherium price token Erc-20 undoubtedly depends, but not because of the price of Bitcoin. The price of Bitcoins affects the entire market and for Ethereum including...
August 22, 2018, 10:53:57 AM
It's not true for every tokens but for sure when ETH goes deeply down (like Bitcoin) almost every ERC20 goes down...
August 22, 2018, 10:51:44 AM
Yes, but not entirely true. Because, if u assumsed like that, you know if ether is depends on the price of Bitcoin too. So there's many point on ur statement.
As u know every ERC20 tokens have their respective projects. So if u want to know about that price you must analyze from their problem, roadmap, innovation, goals, and many more. So on there u can see the price will go up or down.
As u know every ERC20 tokens have their respective projects. So if u want to know about that price you must analyze from their problem, roadmap, innovation, goals, and many more. So on there u can see the price will go up or down.
August 22, 2018, 10:47:06 AM
It is common to associate the price of the ethereum with the relative price of ERC tokens, normally when the price of the ethereum rises, the value of the most of tokens also increases.
This I think is due to the fact that tokens are based on the ethereum chain and without this blockchan can not have any value at all. Also worthy of note is the fact that when the value of the ethereum rises the price of the tokens rises, otherwise when the value of a single token rises the price of eth can also fall.
Finally, when a token of a project reaches a strong project idea it can be detached from the chain ethereum to create a new blockchain, the last big example is EOS.
This I think is due to the fact that tokens are based on the ethereum chain and without this blockchan can not have any value at all. Also worthy of note is the fact that when the value of the ethereum rises the price of the tokens rises, otherwise when the value of a single token rises the price of eth can also fall.
Finally, when a token of a project reaches a strong project idea it can be detached from the chain ethereum to create a new blockchain, the last big example is EOS.
August 22, 2018, 10:44:22 AM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
One hundred percent NO NO NO!!!there are so many ERC-20 tokens in the market that can be exchange with BTC... most of them.
those erc-20 tokens that depends with ETH are those who dont have exchange but FD and ED...
there some ERC also with USDT...
I don't know which ERC20 is affected by the price of USDT. can you help me?
August 22, 2018, 10:40:54 AM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
One hundred percent NO NO NO!!!there are so many ERC-20 tokens in the market that can be exchange with BTC... most of them.
those erc-20 tokens that depends with ETH are those who dont have exchange but FD and ED...
there some ERC also with USDT...
August 22, 2018, 10:38:43 AM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
Most do yes, but not all. Those that have an immediate dividend possibility are clearly in demand and they do preserve the value in terms of fiat.
Also, I have observed that coins related to crypto exchanges frequently preserve their value quite well because these are value backed by exchange´s fees, so their value is good even when other tokens fall because at the end of the day you will normally sell coins and pay a fee for it and it does not matter if the market is good or bad. In that category you will find Binance, OK and similar coins.
August 22, 2018, 10:13:56 AM
The prices of ERC20 tokens are affected by a much higher factor than ethereum. In my opinion, I think that the level of demand and supply are the basic things that affect these tokens the more, rather than the price of ethereum. While it might be true that ethereum does relatively have an effect on these tokens, I do not think it is a major factor that affect them.
August 19, 2018, 09:32:48 PM
no its not true evne ethereum price depend on bitcoin price so everything is just follow the same target or we can say boss (bitcoin)
August 19, 2018, 09:30:17 PM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
Technically they don't depend on Ethereum for their price movements but on the other hand, the market is also a reflection of human responses which is why sometimes the prices looks like they are tied opposite to ETH price. August 19, 2018, 08:36:04 PM
This could be possible that the price of most ERC20 tokens will really ve dependent to the price of ethereum , because this tokens when traded accepts the altcoin etbereum in the exchange or trading sites ,so therefore ethereum are the referrence price of this ERC20 tokens and coins.
August 19, 2018, 08:26:36 PM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
Not really.
ERC20 tokens are primarily traded using ETH which means that, yes, they are somewhat related to the value of ETH. However, the value of an ERC20 token will really depend on the value that is decided by the market. Take for example some ERC20 tokens in CryptoKitties which are worth 100+ ETH. In that example, the value of the ERC20 cryptokitty token is obviously not related to ETH value but rather to the cuteness or rarity of that token.
August 19, 2018, 08:22:29 PM
It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?
Most of the tokens are independent in price because many tokens are failed but Ethereum is alive in the market. So few tokens are follow the Ethereum way but Ethereum also depends on Bitcoin do you agree that because if Bitcoin is raise others also move forward and it will fall automatically most of the altcoins are fall including Ethereum. Jump to: