We have a lot of IEO nowdays. This reminded me 2017, when we had a lot ICO. Im wondering why ETH price so cheap. With BTC at almost 9k we should have ETH at 500 usd or above...
I agree I think in due time eth will start to creep back up its had its moments lets not forget. Eth just needs time is all!
The major reason of the rise of ETH is the ICO, but now ICO is not popular, it was replace by IEO and therefore I'm expecting that BNB will rise more.
ETH will remain a great coin, but this year is the year of IEO, therefore it's also the year for BNB and maybe other exchange coins.
It's quite a different situation actually, ETH rose a lot because ICOs were simply tokens on the ethereum network, and the only way to buy them was through ETH and a smart contract. Now with IEOs,
scammers developers create a token, send them to an exchange and people can buy with BTC, ETH and basically any coin traded on the exchange. Since it's all on the exchange's database there is nothing pushing up the ETH price as happened during the ICO frenzy, where you were forced to have ETH to
burn "invest" money on shit tokens...