So I have been thinking about this and I want to know the opinion of people too. Do the price of tokens who pegged to ethereum grow or dump with ethereum? Will these tokens rise back to their ICO tags when bullish trends return?
I prefer the ICO to be pegged in USDT since it is more stable and relatively moving ups and down. If the project pegged into eth, you can see the impact once the eth fall hard the money invested scrambled in fear. Also this will make the project short on budget for development. If I were you I'll choose ICOs that pegged in USD rather than eth or btc.
He was talking about the correlation between the price of token and ethereum. Ethereum will not give a lot of impact to the price of token but the bitcoin does it. When ether was plunged and that should be the bitcoin was doing the same thing too.