Post
Topic
Board Altcoin Discussion
Re: Dwindling of Ethereum Price and its Effects on ICO Projects
by
Sama517
on 05/12/2018, 18:34:00 UTC
As the past few months has been about the dwindling in the price of ethereum and bitcoin. It has had a grave effects on the ICO projects which base their soft and hard card on Ethereum. The recent Ethereum market has experienced much rises and falls but the fall has been in a very large extent compared to the rise in the price.
Some project started and cap Ethereum price at USD1,000 but the price is currently below USD200 which can lead to failure to meet up with the caps set bet those projects.
What do you think can be the way outs for such projects?
It has no doubt been a turbulent season for ICO projects. This brings us back to the point that project teams should not rely on ICO funds for their projects. They should have a base capital before thinking of floating any token project. We have seen so many successful projects without token sales. So, the issue of reaching hardcap or softcap shouldn't be a factor. The would-be investors can always get your tokens from the exchange of your project is good.