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Ethereum Forum / Re: Are you surprised at the price of Ethereum now?
« on: September 14, 2018, 09:31:16 AM »Well, i'm quite not surprised at the performance of Ethereum at the moment as this was obvious some few months back when Ethereum dropped back from $1500 to $800. From there, a lot of ICOs which have accumulated large amounts of ETH began to sell off due to the fear of losing the profits for their projects. The dump continued as the price of Ethereum fell continuously creating more tension and fear in these large holders of Ethereum.
Ethereum can only bounce back to normal when new and more ICOs are created on the Ethereum Blockchain where ETH is used as the major cryptocurrency for participating.
I agree with you. I was not expecting ETH to drop to this extent and the persistent drop has created tension and fears. This is market and every market can fall and rise. May be we are in the fall section. Market condition will definitely change and may improve sooner or later.