Erc20 tokens rely entirely on ETH?

[Wittny]

I can boldly say all altcoins under Erc 20 rely only on eth, if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.

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[peculiarmess]

There are projects that do not run an ico or ieo on ethereum blockchain that are doing very well regardless of the price of eth. But you are right in the aspect that majority of shitcoins in the crypto space are eth-based.

[Xardasim]

1. Standalone projects that run on own blockchain are better

I can not say your opinion is exactly true. Creating coins with their own blockchain is not easy so the majority choose the easier one. Actually this is an easier option, which saves from a lot difficulty but there are always bad ones. This is a simplified system for us but since it is easy for everyone to do it, these kinds of weaknesses can happen.

2. Projects that doesn't raise any funds through ICO OR IEO are doing great than erc20 projects.

This is true for the few coins that are in front of eye because they can afford their own expenses and they have enough money to prepare the product.
But look for useless coins based on wave, there are hundreds of them, they also do not need ICO or IEO.

3. Ethereum have to reach 1***$ for investors to gain profits from all erc20 tokens

We all know about present dominance in the market. This is a prolonged issue. ETH's reaching $1000 in the current situation means that the BTC also reaches certain level, which means that the entire market increase.

[shoreno]

I can boldly say all altcoins under Erc 20 rely only on eth,

not all altcoins are under erc20 and not all altcoins rely on eth because there are some that is created on the waves platform  .

if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.

not really  . i have seen some erc20 coins that are eth based but they arent affected when eth dumps  . thier value is still the same and stable  but they sometimes follow the path of bitcoin  .  i think bitcoin is still the one that controlls all the coins and not eth

[Psynthax]

that's not true at all and the fact there was a lot of trusted assets in ERC20 tokens too. have you known that? if there was a platform that even worst than ethereum that called waves platform which almost 100% it has been used to produce shitcoin? A lot of stand-alone blockchain project has started from ERC20 asset.
I can't agree with all of your statement, dude.

[Little_king]

You seems not understand what erc20 is as you have no idea base on your findings which show that your thought is that only erc20 raise funds through ICO and IEO which is a big lie because erc20 is the code for ETH blockchain which stand as a smart contract for any token to be able code their programs and run it on ETH blockchain and that does not mean every coin there are not performing and are only the one raising funds .

[thiscomm]

that's not true, because actually projects running on erc20 can still be successful even though the price of erc20 is on the decline. and the ICO or IEO program is easy for fundraising because they get investment funds directly from exchangers. maybe for now indeed some investors are avoiding ETH because the price is so far down. but see later when ETH successfully launches their latest update I'm sure there will be a big surprise with their price. it looks like it will happen at the end of 2019.

[Exidous]

I can boldly say all altcoins under Erc 20 rely only on eth, if eth goes down then is very sure all this altcoins under eth will aswell go down. Only if eth pumps, then alt under eth will also pump.

This happens very often when the market tends to fall, but I believe that with the potential of this market, surely all altcoin using ERC-20 will have better prices in the coming time. Now most people are having a huge loss in investment but if we know more patience, any investment will bring a big profit to us so consider carefully before buy and always have to see the volatility of this market

[5thFear]

Well i agree with most of your points. I also myself consider the projects that are not on ERC network to be better performer rather then the one that are using other networks blockchain. But there are exceptions and alot of it so there is nothing that can be said for sure in the blockchain industry.

[FanEagle]

I think it is because they are not really "coins" or at least they are not considered that way and they are just "tokens" which makes a big difference. I mean there are still ones that shine and become big but people are trying to invest into coins lately and there are not that many erc20 tokens that are in top 20 of crypto currency list (as far as I know) which is why they are not getting too much attention. That results with lower volume and that lower volume equals to slowly dying, when there is noone buying the sellers have to drop the price as much as they have to until they buy some more. It means the price will keep going down and down until something is done.

Hence, the difference between "token" and "coin" makes them go down a lot faster than non erc20 ones.

[Spaffin]

It is possible that in general all trading coins have reached their rating thanks to speculators and their owners.  But in fact, in the future the situation may change dramatically, because only projects that will be very popular in society and will be really used in practice will change ratings and their coins will also occupy the first top ten.