Good cryptocurrency projects can work and develop even in the falling market.
Can but why then few people do that! All in anticipation of growth. I thought projects were promising but they have been waiting for 6 months
. At some stage in moving forward, money is needed. But if a team keeps its funds in a cryptocurrency, they are trapped and must wait for prices to return.A lot of ICO convert collected Ethereum in fiat money or in USDT just to save money when cryptocurency rate falls. So they have funds for development and do not lose money.
To convert cryptocurrency to fiat is one of the way to safe money. But this couse the fall of the rate of Ethereum.
That is what happened in 2018. ICO was selling ethereum and this was one of the vactors of its price drop