The closure of Tezos’ $232 million Offering is likely to buuld pressure on the prices of ethereum. Tezos ico was the largest in history has divided the community concerned about mass Ethereum sell-offs.
Tim Draper-backed Tezos concluded its 12-day uncapped token sale. Many including mainstream media, were excited about where the project and its coin would go. But soon the Ethereum collected in ICO would be sold for fiat and will build pressure on prices. At the time of this post ether was down 7% to $207
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!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
And the year long EOS ICO will also keep Ethereum's price in check.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What would be the effect due to segwit of bitcoin in altcoins ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit