What happens to coins that peeged their ICO to Ethereum? - page 4.

Fritwakky

full member

Activity: 375

Merit: 101

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

The token which was created on the Ethereum platform has its own price. But theoretically, if its price stays in place, it really grows when the Ethereum price goes up.

Minor Miner

legendary

Activity: 2380

Merit: 1019

Be A Digital Miner

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

It doesn't matter if token pegged to ETH or not, it will correlate with bitcoin much more than with any other asset. BTC is the leader of the market from any point of view.

Isiaka208

copper member

Activity: 411

Merit: 1

Yeah, but the question is do they also go with the growth of ethereum when it rises or bullish?

bangkecol

sr. member

Activity: 784

Merit: 314

So far as I know , all ico that pegged into eth is always dump when it hit on exchange.
I don't know why this happen. I think this happen because the price of eth that also dump.

jossiel

hero member

Activity: 2842

Merit: 625

DGbet.fun - Crypto Sportsbook

Some grew but many have been dumped. We will never know unless we see most of them recover and only time can tell about that day. And ethereum just became the contract and platform they have used to generate their own token but if its about the growth, it all depends to the developers.

Quote from: Script3d on February 11, 2019, 06:25:43 AM

Sometimes yes sometimes no, usually tokens grow alongside with bitcoin not just ethereum, im pretty sure each coin will be at their peak again when bullrun comes again, there are some tokens that can reach their ico price when there are some hype happening or an update of the project.

It will come again and bitcoin will show its strength again. But the reality here is that some may recover but many won't be the same. Don't think that all of these altcoins will recover just because of bitcoin, if they are totally dead they will be dead.

Phonexy

copper member

Activity: 157

Merit: 0

Best solution for smart cities

I do not think because they pegged their price to Ethereum during ICO, their price upon listing would be affected as well, a lot of ICOs did this and they are thriving while some others did it as well and are flopping badly now. So it all depends on the team and community.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: tiggytomb on February 11, 2019, 08:47:51 AM

They might move along with ETH but if the project is decent enough it should start to move away into it's own path. There are a few that have used ETH for the ICO and then broke off onto their own platform.

They don't even have hope on their token for creating their own blockchain then this project don't reach a successful phase in long term.Good to find a project which is actually working based on their plan not based on the situation.

slashz9

full member

Activity: 1554

Merit: 101

i dont think so, not just in ethereum but in btc too. even if that project have new update they will reach it back.
we can see tron, i forgot the price when ico but its around 0,001$ then when bullrun come in late 2017 it jump so higher
i think more than 100x time, because i see the higher price is was 0,25$ with marketcap 16B$.

as9ardia

full member

Activity: 541

Merit: 137

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

During ICO phase, usually pegged with ETH but after ICO / Token Sale end, most of investor will calculate it with fiat (when they buy on ICO and when they want to sell it after listed on market)

tiggytomb

legendary

Activity: 1848

Merit: 1000

They might move along with ETH but if the project is decent enough it should start to move away into it's own path. There are a few that have used ETH for the ICO and then broke off onto their own platform.

Chemcrier

copper member

Activity: 154

Merit: 0

IMO Exchange - Customer First.

This all depends on the team behind the projects, for some projects, they instantly convert their contributions to USDT once it is received and sometimes they don't even list in the ETH trading our awhen they list in exchanges and so their only ffialiatiin with ETH is the fact that maybe their token is an ERC-20 token and nothing more.

Bravext

copper member

Activity: 196

Merit: 2

Over 70% of ICOs tend to peg the price of their token to Ethereum but do not forget the fact that even those not pegged to Ethereum are also suffering because the whole market is down and not just the price of Ethereum, so this should be a question for every project that are seeking to accept funds with Cryptocurrencies.

muslol67

hero member

Activity: 1582

Merit: 670

Quote from: X-ray on February 11, 2019, 07:48:51 AM

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

It's not pegged with the price of ethereum, whole of altcoins are pegged with the bitcoin. The price of tokens are also following the price of bitcoin. Even most of them pegged to the ethereum platform doesn't mean if that can give a lot of domination to the price too.

This is not exactly the case. The ETH-based also has a set price based on BTC. In fact, if you examine a coin or token in each market in the market you can see different pricing.

X-ray

hero member

Activity: 3010

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

It's not pegged with the price of ethereum, whole of altcoins are pegged with the bitcoin. The price of tokens are also following the price of bitcoin. Even most of them pegged to the ethereum platform doesn't mean if that can give a lot of domination to the price too.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Isiaka208 on February 11, 2019, 06:14:35 AM

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?

actually that ethereum has a good platform, Ethereum has a smart contract that is easily applied with various projects. this is what causes an increase in prices against ethereum. there is basically every project free to choose the platform they will use, with this because ethereum has a large market, so most dev projects choose ethereum as the platform they use.

bartolo

hero member

Activity: 1176

Merit: 501

If these tokens keep their ETH value and the USD price of ETH rises, it's obvious that the USD price of these tokens will raise too. Regarding if these tokens would reach their ICO price again it would depend on how much they have lost, but it will be difficult without a proper development of the project.

ivaf

full member

Activity: 980

Merit: 109

I think yes. But, of course, if we are talking about those projects that are developing, release product releases. If the project is abandoned, then I do not think that its tokens will be able to show some kind of price increase.

joseyphil82

member

Activity: 742

Merit: 16

Due to my own research 99% of ICOs that are launched on Ethereum erc20 will always follow the footpath of ETH ,so when surge in price happens to ethereum the tokens will follow the uptrend and when ETH falls in price they do same and if bitcoin surges in price all the altcoins will surge to including ETHEREUM

knuckey

sr. member

Activity: 1260

Merit: 251

There are those who can reach it and some are not, it all depends on the project they are working on and how much the product benefits to the community. But remember, the average will increase when bullish, because there is a pump.

Script3d

hero member

Activity: 1232

Merit: 503

Sometimes yes sometimes no, usually tokens grow alongside with bitcoin not just ethereum, im pretty sure each coin will be at their peak again when bullrun comes again, there are some tokens that can reach their ico price when there are some hype happening or an update of the project.

Topic: What happens to coins that peeged their ICO to Ethereum? - page 4. (Read 830 times)