# Major Startups Whose ICOs Tanked Ethereum Price Will Help Raise It Again

in eos •  7 years ago  (edited)

Selloffs

It would make sense to postulate that in the foreseeable future, the price of the second largest cryptocurrency by market cap will rise again and these startups - depending on their varying use cases - that are having their ICOs now would have a role to play then. Most of these projects are all at their planning stage as they haven’t really launched out the final version of their platforms.

ICO Mania

It’s been argued that the developers are the main beneficiaries from ICO mania as most of them are now better equipped to display and improve on what they do. However, looking at CoinMarketCap, all the promising coins have at least 300 percent increase over a period of three to six months. Icostats also shows that the ROI on many startups to ETH in a year is at least 10x.

It depends on the ICO you chose to invest in as some of these projects tend to look to be more promising than others - not those with just a website, a white paper and a few developers but yet raised millions without a real business model.

Regaining Strength

ICOs will subside as only promising projects would be churned out, or there will be a mental form of screening process introduced by the growing knowledge of users. New use case ideas won’t wither completely but the evaluation process would be strengthened and only those with the best to stay the course would be seen through.

By then, Ether’s price will regain strength as major projects - especially those that will also enable non-crypto users - launched on its framework, will actualize their vision and will start disrupting their respective markets.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/major-startups-whose-icos-tanked-ethereum-price-will-help-raise-it-again

Ethereum Price very low...

12 hours after my post

Nice post. I was about to start a similair discussion. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. An interesting website I found: https://www.coincheckup.com This site did all the research for you. It's truly amazing. See: https://www.coincheckup.com/coins/Ethereum#analysis To check Ethereum Investment and research analysis.