I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.
In my observing, when the price of Bitcoin go down, it will make whole market also decrease, and the most important thing is that the price of Ethereum is also affected. It make the value of tokens when list in market will be affected so much
in my opinion, the bitcoin market price determines all. if the price of bitcoin goes down, all are affected because bitcoin is a kind of head in investing.