I have been keeping eyes on ethereum so far this week and I realize a strange dip in the value of ethereum. Well I don't think this will lead to the collapse of ethereum completely, however, I do think it will go down way more due to panic sales and most ICO's selling their tokens. Guys do you think all ECR20 tokens will follow ethereum in terms of further dip in prices?
I think they would. All tokens in the ethereum network are traded against eth and the downfall of eth is somehow proportionally equal to the downfall of the tokens, here's an example
Token 1 conducted an ICO last January with the price of $1 equal to 0.001 ETH. ICO would end in December.
In December 0.001 ETH only costs $0.3 (Hypothetically), now if that token would be listed in the same month (December), buy/sell orders have a chance of starting @$0.3, but everybody could buy or sell in their will but it's the initial price from the ICO so it would start that way also.
That is how the value of an asset traded against an asset works. One declines, one would follow.