It looks like I was unfortunately correct, and the market has turned more bearish. ETH has now dipped to $472, at the time of writing this.
@Coingrinder:
Although ads do help bring in new investors, I don't see it having a tremendous impact .
I'm not here to mince words, but it looks like the ads did have an impact and are continuing to have an impact on keeping the price down.
Added to that, someone just told me that Medium is now banning crypto ads!
@lider1971
Blocks in the main information portals are likely to be very negatively displayed at the real market price of most projects. They have too much influence on capitalization.
I really like your take on this. It's not the
ads themselves but that main sources of crypto info and crypto news are getting censored per se.
Now I can't find info anywhere saying that Medium is actually banning crypto articles... but if this is true, we're going to see another massive drop. If ETH hits $300, that's certainly a steal within a steal. No doubt, whichever ERC20 token you're interested in will be that cheap too. I'd advise buying into it hard at that point lol.
Medium is a huge crypto news source, in fact, I'd argue that it's the
only news site for crypto. You have twitter, then the company blogs of coins, and then you have Medium. In fact, most alts' sites have a “Blog” link that simply redirects you to their Medium blog page.
So it's really going to be serious if Medium bans crypto. An effect that would send prices tumbling very hard and too much panic. You'll have over 20 coins scrambling to find another place for their blogs, and they'll have to immediately create a blog section on their respective sites.
Would be chaos.