Ninjastic
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Topic
Board Altcoin Discussion
Re: What Happened with ETH ?
by
calandra78
on 21/09/2019, 13:54:19 UTC
Quote from: prof7bit on September 21, 2019, 01:37:19 PM
Quote from: Sozialtourist on September 21, 2019, 11:45:12 AM
Quote from: Vishnu.Reang on September 21, 2019, 11:32:53 AM
First of all, the main purpose of Ethereum is for smart contract platforms and therefore its exchange prices and acceptability can depend heavily upon the success of various ICOs and IEOs. The amazing success of the ICOs during 2017 took the Ether exchange rates from less than $10 per coin to around $1,500 per coin (an increase of 150x). But as the ICO market disintegrated, the Ether exchange rates also crashed.

It's not only the struggling ICO-market that affects ETH. Also the successful ICOs of 2017 are a reason why ETH declined. The projects back then raised hundreds of thousand of ether and the ICO-projects converted all these ETH to fiat.
So far, I do not see additional liquidity for Ethereum. I think that competition among platforms will increase. Many projects may move to the Binance platform or EOS.
yes it seems this year the attraction of binance and ethereum might not be seen so much because some projects from ethereum are also many scams. whereas on the binance platform more and more projects are using it. but we don't know what will happen next year, hopefully there will be surprises from ETH and some other coins.