Im looking at altcoins to diversify a bit my bitcoins holdings. Sure, everyone likes to hold bitcoin and see it go up, but dips happen, and ultimately I want to stack up more BTC, so im looking at good projects that may grow, problem is, most alts are dogshit of course. But ICN seems to be one of the few that actually has a healthy looking graph, project sounds interesting, the only problem i see is: it is ultimately a token that depends on ETH and ETH graph is looking real bad... any ideas?
ETH will preform better because of ICONOMI doing better. But will not go other way. ICONOMI will not perform better or worse because of ETH preforming good or worse. Ofcourse if Ethereum network prove to not work at all, then both ETH and ICONOMI will be worthless.
ICONOMI is not a crypto. It is a asset tooken. a share of an investement platform. ICONOMI also owns one investment found that invest in ICOs.
If you want to invest in crypto look elsewhere.
Thank you for the clear explanation. Makes perfect sense to me.