The world of crypto and crypto coding has been making strides in recent years. In all projects and encodings, Ethereum remains the most popular investment companion to Bitcoin. It is not surprising that Ethereum has surpassed Litecoin and other coiners since it appeared in the pre-codec market in a very short time.
However, in the past ETH decline and many bad news about ETH constantly appear, the trust of some investors to ETH lost.
You think ETH Is the No. 1 choice of investors?
Here are some of my opinion regarding the price drop of eth. Eth has become trending when ICO last 2017 hit the market. Lots of ICO, prefer eth payment to purchase their token so many investors buy eth the reason why it pump so hard.
Now that ICO is fading and replace by IEO, I think the competiton becomes tight since most exchange prefer their own token to participate on their IEO. Meaning the investors eth or btc will be used to buy this hence price of this will drop.
Now the market will stay as it is but new leaders will probably the exchange with their tokens.