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

[coinplus]

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/

[im g]https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png[/img]

Putting all the blame on the ICO's is a bit harsh if you ask me.
Basically all coins out there have dropped incredibly low recently, ethereum has been doing a bit worse than the rest but it also got high while all others went down before that as well, I believe ethereum tried to hang on as long as it can but eventually cave in and dropped as well which made it a sharper fall but still the same numbers like others. Hence, do not put all the blame on ICO's but also market has to get the blame as well, market is down for every single coin, why not for ethereum.

If you look at it that way, there is now way ethereum could have stayed up.

[BTCisAngelCoin]

Yes, I think people don't need to be worried about this. This is the middle of the year and such downs will happen. Sometimes before a huge rise, the prices usually fall and that's okay. What we need to do is to hold as long as we can. We should wait for the market to be healed.

[ven7net]

Yes you are right! ETH very much fell in relation to other top coins, but everything has its own explanation. Causes as always can be a lot, for example, whales want to purchase ETH at a cheaper price before rising, and now they are playing on the slide. Especially soon the global updates in the Etherium network are planned.

[Muhammad Muneeb]

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/

this decline was caused by the cobinhood exchange who dumped the 45 million$ in ether this is why the price dropped to this level if the  price of ether get recover then the marketcap of overall market will recover as well

[sanacaks]

I am wondering if ether can get recover in a small quantity of time. If it goes down in two weeks it will be not a surprise that ether prize can recover in 2 weeks. If this happens its a good amount of profit.

[Beity]

Due to the ICO owners accepting ETH as their capital, we are slowly giving them the power to control the market of ETH while they can choose to pump their tokens and dump ETH as much as they wish to. This is not only alarming but also thought provoking. We should not give ICOs so much power to change the tide of the market based on their own wish.

[RottenSteel]

ICOs have been responsible for a lot of things to happen in 2018 till now. A lot of newcomers and old investors got frustrated falling for scammy ICOs and their poorly paid bounty programs. Now they are being accused of downtrending ETH through iquidation of the capital generated by token sales. I think it's high time we give it a though if we need ICOs or they need us.

[kabir ullah]

I don't feel that ICOs have that much of an impact for the recent bleeding of Ether market. Rather a lot of the investors kept their trust on Bitcoin and converted their ETH and other ALTs to BTC when the market's bearish trend started. That was the main reason behind the dumping of ETH in current market.

[Kemileye]

The sudden fall in the price of ETH actually surprised me because I was actually have some $150 worth of ETH in my wallet so when I checked, the price has dropped dropped badly. I think the ICOs has effect on ETH because a lot of ICOs that collected Ether dumped it during this period.

[althiche]

The fall in price is sad to see. But we need to look at the bigger picture here. The market has been in worse condition too. But it did got out of it. The market is bearish, but it will hit the bull run.

[wsca]

That's not a good news. The price of ethereum has Fallen from $470 to $260 within just two weeks. It is true that the whole cryptocurrency market is facing a bearish trend now. Many investors believe that market manipulation is the main reason behind the drop of price of a Ethereum.

[EscapePlanETH]

It will be very disappointing if this type of fall happens. Every coin has to face its bad time. So it’s a bad time for Ether. I hope this fall does not last for many days and will recover it very soon.

[edmundo]

This is happening because Ethereum has refused to tighten up its blockchain. It is so easy to develop a project on ethereum blockchain and this means anyone can just develop a shit project with no substance and float an ICO ripping unsuspecting investors off. The decentralized exchanges on ethereum haven't helped either, they make it so easy to list a coin and promote massive dumping hence crashing the price of Ethereum. It is a sad situation but unfortunately there isn't much that can be done.

[Pet240]

This seems although pathetic, but that does not mean that we should not understand that this is crypto currency. It has the tendency easily fall and the tendency to easily rise.

[Docbee]

It because ethereum smart contract is commonly used during token generation for ico when fund are needed they will have to trade it to fiat to purchase equipment to launch their platform.

[cryptoJJJ]

There has been so many ICO on the Ethereum blockchain the last year, and now when the ICO start to dump their ether other will follow and a domino effect are happening.
I’m sure some people who hold Ethereum are starting to short their holdings also, witch just leave to even bigger price falls.

[Omega Weapon]

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/

It is true that ethereum performed very poorly and there is no way to deny that but at the same time I see this as an opportunity, many people are going to regret not investing in ethereum now that is so cheap, we are not sure we are going to have this opportunity again and if you do not take it then someone else will, why give up profits that are right there in the table and ready to be taken?

[Eto_mete]

The condition of the market is bad, there is no denying that. Even the ICO investments fell. But that does not mean that the market will forever be bearish. Given that last year the condition of the market improved, this year is no exception either. Only the pace is slow, that's all.

[BTCgomoon]

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.

[KuromaYoichi]

I know this kind of situation are going to come, it's very good in bull market because the project collect more money than they initially planned but in bear market like this icos will sell their ether to secure the funding of their project and that means suddently there's a lot of sell order in a large amount from a lot of icos and that will push the price down even further.