The price of most ERC20 tokens depends on the price of the ether!

[bitc0000]

It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?

One hundred percent NO NO NO!!!
there are so many ERC-20 tokens in the market that can be exchange with BTC... most of them.
those erc-20 tokens that depends with ETH are those who dont have exchange but FD and ED...
there some ERC also with USDT...

ETH will not decide on the price of the ERC20. Bitcoin and supply and demand will determine the price of all altcoin and tokens in the market.
I don't know which ERC20 is affected by the price of USDT. can you help me?

[coinlocket$]

It is common to associate the price of the ethereum with the relative price of ERC tokens, normally when the price of the ethereum rises, the value of the most of tokens also increases.
This I think is due to the fact that tokens are based on the ethereum chain and without this blockchan can not have any value at all. Also worthy of note is the fact that when the value of the ethereum rises the price of the tokens rises, otherwise when the value of a single token rises the price of eth can also fall.
Finally, when a token of a project reaches a strong project idea it can be detached from the chain ethereum to create a new blockchain, the last big example is EOS.

[repear7]

Yes, but not entirely true. Because, if u assumsed like that, you know if ether is depends on the price of Bitcoin too. So there's many point on ur statement.
As u know every ERC20 tokens have their respective projects. So if u want to know about that price you must analyze from their problem, roadmap, innovation, goals, and many more. So on there u can see the price will go up or down.

[tamango]

It's not true for every tokens but for sure when ETH goes deeply down (like Bitcoin) almost every ERC20 goes down...

[Sasha88x]

Price Etherium price token Erc-20 undoubtedly depends, but not because of the price of Bitcoin. The price of Bitcoins affects the entire market and for Ethereum including...

[zeze18]

It seems to me not correct that the price of most ERC20 tokens depends on the price of the ether! What do you think?

Yes because most of them are trade with ETH pair.
So, if the price might be increase in ETH pair but eth price is down.
The token price is actually down

[Tipstar]

One general reason for that happening is due to almost every buy and sell order of ERC20 are placed with ether. And the current price are expressed in ether. When the price of the ether fluctuates, there would be a resistance of fluctuation but the price of the token moves with the price of Ethereum.

[namcunguyen]

When Ethereum is also the foundation of the ICO, it is inevitable that Ethereum itself will be dominated by such projects, and sale of only one project can produce a change of purpose for the market. In these cases, ETH price may then increase and ETH based Altcoins will increase.

[Kaller]

That is not surprising given that they are made on the ethereum platform so it is only normal that the price of ethereum will affect their prices and now that ethereum is not doing too well despite all of the other coins doing well just goes to show that a lot of the tokens are in danger now. Hopefully the price of ethereum will start to do well so the tokens can do well too.

[kzozenberg]

As I observe the tokens are more dependent on he BTC they follow him as the leader.

[donskova29]

I have noticed a trend where Bitcoin falls or rises, alternative coins will follow.

[jhache]

Well seeing as they are built on the ethereum platform then yea I guess it is only normal that the price of the tokens are dependent on the price ether. Also you cannot ignore their trading pairs, once these coins are put in the market their trading pairs are with eth so whatever happens to the price of ether is what happens to the price of the tokens.