Post
Topic
Board Speculation (Altcoins)
Re: Does Bitcoin price affect ICOs
by
Erickan
on 15/02/2019, 03:19:08 UTC
I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

This is explained very simply, everyone knows that bitcoin will affect the price of all altcoin, the tokens of ico. Actually the most influential coin to ico is Ethereum, but you know, bitcoin dominates all the altcoin in the market.
So the price of Ethereum which also depends very much on the increase and decrease of bitcoins, is why it is said that bitcoin has so much influence on ICO.