hello friends,
here is so lot of people, who thinking thet : ETH will only fuel for other projects. (dont think so)
but if its will possible, and ETH will only fuel, - what will your predict about this situation- what will be price?
becouse now is so many upcoming projects, and 80/90% will on ETH blockchain.
i think this is interesting question, Thenk you all.
It is generally known fact that running an ICO on ETH (ERC20) blockchain increases price of the ETH itself - an investor has to buy ETH (or other cryptocurrency) first to invest into the ICO, thus increasing demand for ETH. On the other hand, lots of older projects hold reserves in ETH to cover their operational costs, which makes a bearish pressure on ETH price.