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Topic: What happens to coins that peeged their ICO to Ethereum? - page 3. (Read 865 times)

hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
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.
member
Activity: 276
Merit: 10
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 am sure that many projects with the return of the bulls will sharply go up in price. However, to give you a qualified answer, you need to name a few of your tokens.
member
Activity: 749
Merit: 13
It depend how great their project and how hard work their team to make inovation. As i know project with good plan will continous their project same as their whitepaper and roadmap. Mostly really hard to find good project because most of them only want investor money and no doing anything like trying listing into market. We can call it failed project. Even ethereum in deep price but if ICO project have good plan and always improve it will raising their price also if ethereum reach new ATH.
full member
Activity: 476
Merit: 100
Most ICO sets the price of tokens with Ethereum, because they use a smart contract system from the Etherum network. So, this is a clear reason why ICO often sets prices with ETH.
member
Activity: 462
Merit: 13
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 believe everything will still get better with time. The rate at which ethereum is growing is quite encouraging and that is sign of good omen for good project ts that are using the platform of ethereum and are listed with ethereum! Pair on exchanges. I believe there is no cause for alarm.
full member
Activity: 1498
Merit: 146
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?
Surely the prices of tokens will rise if there is strong bull run only if the token is alive and I can bet that most of the ICOs tokens were already dead so don't expect those coins to be bullish when bull run on ethereum.
full member
Activity: 686
Merit: 104
linking tokens / coins to the etherum smart contract is the easiest for the time being than the other smart contracts. but it can actually be a bomerang for that coin. because of the risk of scam and finally a dump. that's just my opinion about this, but I think if the coin is potential, then the pump will also happen.
jr. member
Activity: 714
Merit: 3
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?
This depend on project. There are quite some good number of projects that are making head-way despite the present price of ethereum. If ethereum should eventually surge, then the impact will be felt on a lot of coins, even some shit coins will go uptrend, but its better you choose the good ones from the outcome of your research.
sr. member
Activity: 854
Merit: 250
The same thing happens as with the whole market; the price of the ethereum falls; the price of the project token falls; developers sell Ethereum to stay afloat, which leads to an even greater drop in price.
member
Activity: 291
Merit: 15
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 don't think price of tokens is pegged to ethereum, it shouldn't be. They run on top of ethereum network but their values should be independent.
I think it depends mostly on project and how successful it is.
member
Activity: 439
Merit: 10
It depends on how much this token is dependent on Ethereum. Some of them accurately copy the price of Ethereum, and some develop by themselves. But mostly the crypto market follows bitcoin. But, not all coins either.
hero member
Activity: 1458
Merit: 509
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 prefer the ICO to be pegged in USDT since it is more stable and relatively moving ups and down. If the project pegged into eth, you can see the impact once the eth fall hard the money invested scrambled in fear. Also this will make the project short on budget for development. If I were you I'll choose ICOs that pegged in USD rather than eth or btc.
He was talking about the correlation between the price of token and ethereum.  Ethereum will not give a lot of impact to the price of token but the bitcoin does it. When ether was plunged and that should be the bitcoin was doing the same thing too.
full member
Activity: 658
Merit: 100
A lot of them are currently undervalued and lost a lot of money but in the long term the ones that provides a working product will survive in the end and decouple from the ether peg
jr. member
Activity: 434
Merit: 1
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It all depends on the coins themselves and what exactly they are, but I am sure that most coins will show growth!
member
Activity: 287
Merit: 10
That's for sure, all altcoins that are connected on the Ethereum platform will follow the price of Ethereum. So if the Ethereum price rises then the altcoin (ERC20) will also rise, but if the Ethereum price drops then the altcoin (ERC 20) will also go down.
full member
Activity: 527
Merit: 113
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 prefer the ICO to be pegged in USDT since it is more stable and relatively moving ups and down. If the project pegged into eth, you can see the impact once the eth fall hard the money invested scrambled in fear. Also this will make the project short on budget for development. If I were you I'll choose ICOs that pegged in USD rather than eth or btc.
sr. member
Activity: 812
Merit: 250
If the token that associates itself with ethereum or uses the ethereum platform then when the ethereum price drops they will experience a shortage of funds based on the platform even though the price of the token does not go down or increase, because the calculation of their platform will obviously experience a reduction in funds in ico.
jr. member
Activity: 498
Merit: 1
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I think think pegging a coins price to Ethereum will have effect on it's price after listing, because at any point the price of ETH usually have a dollar equivalent. So those who wish to sell their coins will be looking at the current price of ETH in order to sell their coins.
member
Activity: 1540
Merit: 68
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?

Nothing happens to such coins because they peg the prices in Ethereum in USD and not in gweis
So they are definitely not at loss

Only investors has a lot to worry about
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
I don't think it will be bullish according to the previous price, maybe it will only go up by a benchmark of 10% because now people are still focusing on bitcoin & ethereum.
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