Looking at the current conditions, we have seen a lot of failures in various ICO projects. Are you optimistic that when more ICO projects fail then this will have an effect on the decline in ETherum prices?
In calculation, Etherum has become a token for many ICO projects currently available.
ICO fail to affect only a small part the price of ETH. If many ICOs are successful then The demand for ETH will be higher. However, there are too many scam projects and fail for investors making investors unwilling to participate, and the main reason for the fallen of the ETH is that the ICO has sold all the ETH they have and develops their projects.