RE: So Many ERC-20 Tokens

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So Many ERC-20 Tokens

in ethereum •  7 years ago 

Crazy that think of ETH at $50, but well, we'll see. If that actually happens I'll remember this post 🙂

ethereum
7 years ago by

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      ·  7 years ago (edited)

    https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html

    $319 to $0.10 has already happened on GDAX/Coinbase.

    That was a multimillion dollar trade and cascade effect. These ICOs have BILLIONS.

    $50 Ethereum would be divided by 14... this flash crash was divided by 3000... so maybe $50 is a high estimate.

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        ·  7 years ago 

      That being said it's in their best interests for the value of Ethereum to stay high so they can sell off for more money.

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