Topic: What happens to coins that peeged their ICO to Ethereum? - page 2. (Read 830 times)
Sometimes they grow and sometimes price drop, all depends on my opinion on how much money are on crypto and also how many people want to buy a coin and how much is total supply.
investors might put of different option on unit with identification of variable to work as referring decision and manage of quest on investment plan to returns with target to complete on terms of examination.
Not all tokens will be wasted just like that, indeed many are associated with Ethereum but there are some that grow well. I think that depends on the hard work of the team and also the investors. A great team will definitely produce a great project.
All of them thought that they will sell their Ethereum for 1500$ but the reality was a selling for 150$ that means 10 times of predicted profit and that is a lot (see how big soft caps icos have).
I totally agree with you. But I would also like to draw your attention to the fact that the cryptocurrency market has fallen, and on the ico market, developers are offering investors to buy tokens at high standard prices. After listing, these prices fall a hundred times And this is also unfair. Who will invest at such prices, if it is better to buy a coin in the market. 
Unfortunately the Ethereums price lost open the worst path for the ICO business and i believe it was the biggest reason for crush. Nearly all ICO projects were using the Etherum for selling their coins and the price were $1350 in january 2018. With this raise everyone attacked to ICO's and invested just like crazy! And when the ETH price started to drop all project started to die slowly and we came to this point..
I will like to see it from the reverse angle from your last point, I think it was when project started to fail and being dumped, that ethereum started to lose its value, and the value of ethereum now is currently being maintained by direct investors and few through the projects that are still running on ETH smart contracts.Most ETH based projects are already loosing value as they are not fully developing their projects, thereby not being able to attract investors that will acquire there token through ethereum, which I personally believe that it is the reason why the growth in price f Eth is daunted.
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All of them thought that they will sell their Ethereum for 1500$ but the reality was a selling for 150$ that means 10 times of predicted profit and that is a lot (see how big soft caps icos have).
Unfortunately the Ethereums price lost open the worst path for the ICO business and i believe it was the biggest reason for crush. Nearly all ICO projects were using the Etherum for selling their coins and the price were $1350 in january 2018. With this raise everyone attacked to ICO's and invested just like crazy! And when the ETH price started to drop all project started to die slowly and we came to this point..
ERC-20 coins are following not only ETH but BTC and the entire market. The price of the coin depends on the project itself
how they are fulfilling their promises. If the project is promising they should pump as well during the bullish trend and recover.
how they are fulfilling their promises. If the project is promising they should pump as well during the bullish trend and recover.
One of ICO's goals sets their coins at eth prices because it attracts investors who want to invest their money. Besides that, benchmarking with eth makes it easy to actually calculate the token value offered by this ICO. With eth values, we know that one eth is equal to how many tokens. I am of the opinion that tokens pegged with eth values will have greater movements in the market. These coins that are pegged with eth will also often be exchanged for eth values and that becomes more interesting. This token will be more easily increased in price on the market especially if part of the payment or bonus uses eth then it will be very interesting.
I think 95% of tokens seem to drop when ethereum does. They are children of the ETH ecosystem so when eth falls, they do as well.
Nope, most of tokens performance actually depends on Bitcoin performance, no doubt!What makes ethereum's token price fall or grow, beside the Bitcoin, is the performance of the company (marketing, develpment progress, partnership) and its community. I think people are moving from technical analysis to the fundamental one.
The majority is already based on the ETH. So, it is something originating from ETH's power. If the projects you are dealing with are bad, then you are not looking at the right place. And if these are the new ICOs, its reason is repeatedly stated.
It doesn't matter if it's pegged in ETH or not. Any project will always experienced a massive dump after it's been listed in an exchange.
I also saw one project which I think wanted to be stable coin, however, as I have said, its been dump by whoever (bounty hunters or investors) and now the value is way below $1.
I also saw one project which I think wanted to be stable coin, however, as I have said, its been dump by whoever (bounty hunters or investors) and now the value is way below $1.
It depends on the general market conditions, most tokens operate on the ethereuem blockchain but their token price does not go with ETH because what determine their price is the ability to command high demands in the market and that in most time have to do with the working product that support the token so in this case even if ethereuem price is going down such coin will still be increasing.
The price of a token depends on supply and demands. If the demand is there then the price will increase and if the demand is not there then the price will fall. It don't depend on ethereum at all. The other factors that relate to it are the team behind the project. IF they can manage the price well by providing a utility of the token then yes, the price goes up.
So I have been thinking about this and I want to know the opinion of people too. Do the price of tokens who pegged to ethereum grow or dump with ethereum? Will these tokens rise back to their ICO tags when bullish trends return?
I encounter some projects recently that accepting ethereum as a payment in their token sale or fund raising. When their ICO comes to an end, the development team suddenly discussed that their might be some changes in the ICO period, they extend it for the reason of the ethereum breaks down in terms of price. Some people are discouraged but take note that it is for the sake of the project to become successful. 
I think 95% of tokens seem to drop when ethereum does. They are children of the ETH ecosystem so when eth falls, they do as well.
Projects that built their programs on Ethereum will depend on the growth of the protocol to succeed, hence why choosing the protocol they build on top of is a very important decision. Though Ethereum has been slow to make upgrades, it is highly regarded and still popular in the industry as a smart contract platform. As Ethereum implements the upgrades, the Dapps built on top of it will see greater use and potentially value.
For example, some projects want to take fixed token allocation with pegging the ETH'value to 120 euro. After the end of the token sale, token's price will be decided by the traders in newly listed exchanges.
Pegging to the value of ethereum will not help anything because the price will have determined by the traders and demand itself in the market. Nothing happened and so many icos have used this idea and this idea can't help them all to touch the ico price.
The price of the tokens on the ETH platform are highly correlating to BTC and ETH and to the overall market
situation. Those tokens which represents value will increase for sure when the market recover.
situation. Those tokens which represents value will increase for sure when the market recover.
To me is not always a good gamble because it can go wrong if the market goes the other way round. Ico will only gain much from it if Ethereum moon after the crowdsale and it can also be loss if get dumped after their sale
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