ICOs Created a Strong 44% Downtrend for Ether in 14 Days

[wuyangbo]

I suggest you not to buy ICO this year. Many of the projects this year are fraudulent. Although it is on the exchange but does not mean it is not a fraud. A lot of ICOs are like you. Let all investors lose money.

[Bytem3]

There has been a 47% decrease in ICO funding in the last 3 months. It dropped from $1.74B to under $1B.
https://coincodex.com/article/2235/july-ico-market-analysis/

People do not need as much ETH as they used to before when there was a lot of ICO investing and the ICOs are selling Ethereum on the other side. This is what caused Ethereum price to drop so hard. Once the market starts to recover again and all the ICOs that are waiting now launch ETH will boom again.

[Omega Weapon]

Ethereum's decline is because its bubble is too big, and there are a lot of ERC20 tokens. They are actually scam, so the price drop of Ethereum is normal. When those scamer left, they took away the Ethereum fund.

The problem of ethereum is that it depends a lot on the ico market, and when the market is not doing very well then ethereum suffers a lot from it, and that is precisely what we are seeing right now, but I really do not think that is such a big issue, ethereum is going to recover eventually and when that happens all of those that sold their coins are going to regret it.

[electronicash]

with the number of ERC tokens  circulating, its not going to be surprising for anyone who expect to profit from ETHER's rise after all these turmoil. sooner when we run out of things to spread fud for the holders and it hits the bottom, it will blow up. And it probably started already as the price are gradually appreciates.

Ethereum's decline is because its bubble is too big, and there are a lot of ERC20 tokens. They are actually scam, so the price drop of Ethereum is normal. When those scamer left, they took away the Ethereum fund.

no matter how big those scammer had gotten, it can't contribute much to eth's fall.

[Tooevilforyou]

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png

I don't think that people understand how much ICOs are negatively affecting the prices of other coins especially the price of ethereum. The only reason that ethereum has been in a downtrends when the rest of the market has been holding up well is because of the ICOs which are all basically scam coins by the way. And it will take a while before it gets better.

[PeterTom]

Within a period of just 2 weeks (August 1 — August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.

The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/

https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png

This is exactly what we must believe. Everywhere they say that you need to sell everything to stay with what is. Personally, I think that now is the best time for shopping, because the market shows that there are practically no sellers at such prices.