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?
For almost all projects, it is very difficult to attract investors' funds when conducting an ICO and to achieve hardcap and softcap, because of the unfavorable market situation, including the reduction of the ETH price. But the price of ETH also decreases due to the fact that there is no demand for projects, so everything is interconnected and you need to wait for the market to recover.
etehreum is gling down right now but i would not be taht worried anout it as you need to lnow it is temporary efferct