Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?
for me in my own opinion probably ICO is definitely affected if eth continue decreasing constantly even though the progress of project keep growing. because mostly the price and rates of token from any ICO project are base on ETH. but just my view , correct me if I'm wrong. Lmao
- Exactly, you have not said wrong, the value of eth will directly affect the phase in ico because as we see, when the price of eth becomes red, the market will fall into the same state, red will appear constantly, everyone will always be in a holding position and waiting, investors can not continue to invest in ico. They know this stage is very dangerous when projects can hug their money and run away at any time, and when the ico does not have investors, it's mandatory to prolong the project, even reduce the price then lose value when listed on the exchange