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?
Price matters when it comes to investing. It would depend still on the price of the token if it would fluctuate base on ETH price or if the number of tokens is base on ETH no matter what the price it is. If it is fixed then it would be better for investors to invest at this price compared to when the price goes up because it would mean that they were able to buy the tokens at a cheaper amount. If it fluctuates then it doesn't matter what price of the ETH is because price per token has fixed dollar value. Nevertheless, the mood of the market is not that good now that's why only rarely that ICOs would be able to reach hardcap.