Post
Topic
Board Altcoin Discussion
Re: Ethereum is the cause of the dump on the market.
by
AndRE177
on 18/12/2018, 22:17:44 UTC
I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

Clever contracts are both good and bad for Ethereum. On the one hand, they give it popularity due to the large number of tokens issued on its base. On the other hand, a large number of projects put a lot of pressure on the prices of Ethereum itself due to the constant sale of ETH, gained during the ICO.