RATE Group | Ethereum Demand Feels The Heat As Investors Tune Out ICOs
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Ethereum Demand Feels The Heat As Investors Tune Out ICOs

04 Sep Ethereum Demand Feels The Heat As Investors Tune Out ICOs

Posted at 19:31h in Ethereum News by

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Ethereum interest is waning, and a lack of ICOs has caused a sinking ETH price, new research suggests. Data collected by D2 Capital indicates a drop in demand caused the recent slide in Ether; a declining volume in ICOs, as well as smaller fund targets, being the main cause. “There’s less demand for Ether because there’s less hype for ICOs than there was in 2017”, said Primoz Kordez, co-founder of D2 Capital.

Ether has been on a negative trend for most of 2018. From its peak of $1,400 at the start of the year, the ETH price has failed to maintain a stable value. The coin had already fallen to $800 by February and fell below $400 at the start of April; despite a small bull rally, ETH is now worth less than $300.

Ether was worth $289 at the time of writing: that’s an 80% price decrease since the beginning of 2018. 

Coverage by media in the space – including Crypto Briefing – attributed a decline in the ETH price to a mass sell-off by ICO projects. Statistics found 57…

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