the huge amounts of new ICOS that arise every month could be hurting the price of bitcoin? you who think about the ICO?
ICO is becoming the trend for 1 2 this year. The first increase was seen earlier this month as Ethereum's price skyrocketed. When traders try to explain the rise in prices, they turn to ICOs as a reason for Ethereum's rising demand. After all, most if not all of the ICOs are stored on Ethereum blockchain because of the simple fact that with the ERC20 standard, both are not continuous and easy to release tokens through a smart contract. like Myetherewallet. ICO is affecting ETH but does not affect Bitcoin