Not sure if it's a factor, but I noticed yesterday while playing that a couple of recent ICOs that launched available in ETH only can now be bought in Bitcoin and other of the more developed coins. Might this diversification be part of what's driving the price - less demand? My observations are only based on a couple of coins that I looked at, so entirely unscientific! Anyone got a larger sample to work with? :D
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Very interesting observation that I didn't know about at all - thanks for contributing it. Anyone else have a view on this?