i think many ppl bought cryptocoins to invest in companys [ICO] and thats the reason why the coin price rised.
Another point is, everytime an ICO ends the ETH price is falling.
Maybe i am wrong but i think the prices will going up as long as there are new companys collecting money for there startups.
You are viewing a single comment's thread from:
Hum i think ICO are more a way for people who already have invest a long time ago in ETH, BTC or else to diversify their capital by buying new token at a rate supposed "cheap".
I don't know if there is a way to know if money from ICO are mainly invested with FIAT (ppl buy btc/eth/else with FIAT and invest in ICO) or if it's already ppl who own BTC/ETH/else. Would be interesting !