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It's not about "most people," it's about "most cash." The "whales" are buying ICOs left and right, and dumping their Bitcoin/other altcoins. That's the main re
by mtgx 9y ago
It's not about "most people," it's about "most cash."
The "whales" are buying ICOs left and right, and dumping their Bitcoin/other altcoins. That's the main reason for ETH's rise.
Eventually some of these ICOs will prove to be scams, or will get hacked with catastrophic results, and ETH's price will fall again. It doesn't necessarily mean it won't rise back-up again, but by then we'll just have to see if ETH is still a top 2 coin to get.
- JohnJamesRambo 9y agoOk show me data on what percent of the market cap is from ICOs. Bancor's recent debacle raised 150 million and that is the largest ICO yet. Ethereum has a 36 billion market cap as far as I know.
- krrrh 9y agoIt's a question of liquidity, not of "market cap".
- koolba 9y ago> Eventually some of these ICOs will prove to be scams, or will get hacked with catastrophic results, and ETH's price will fall again. s/some/most/