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?
The decline in ETh prices will not affect the ICO, just the opposite. The ICO that really makes ether prices fall, because we know that ico will release tokens that use smart contracts from ether and most of the token holders will immediately sell them and make ether prices fall deeper due to panic from token holders.
It would not at all; we have seen a lot of ICOs these days that even allow the use of credit cards, fiat, or other cryptocurrencies when it comes to investing in a project. Usually, the whole market is down, so one way or the other, it is understandable that what has happened to the Ethereum market is just something that cut across every other altcoin market as well.
The decline in the market generally was just basically due to the fact that the whole market was oversold and the whales saw it as a chance to get out more weak hands from the market which usually is the greedy people that join FOMO.
The bankers have been giving a lot of awareness if use credit card to invest in the ico can be considered as an illegal action. These icos creators are scammer because they don't even care about their customers or investors. They are not doing any legal jurisdiction review to give more protection to their investors.