Ethereum Update - July 12 2017
Recently, Ethereum’s price has been dragged down by the Tezos ICO and potential some others selling some ETH for cash. This has been confirmed by multiple sources. The size of the Tezos ICO was so large, they are most likely diversifying into fiat. Their website shows that they raised 59,636 BTC and well as 328,869 ETH. Vinny Lingham’s Civic has divested 80% of their ICO raise out of ETH and BTC, which he recently mentioned on Twitter.
— Vinny Lingham (@VinnyLingham) July 11, 2017
Crypto volatility? You don't say! Didn't notice because @civickey took the conservative route & holding 80%+ in fiat. #responsibletokensale
An interesting article on CoinDesk states that Daniel Masters (a former J. P. Morgan Energy Trader) believes the appreciation of Ethereum and other Alt coins is driving Bitcoin’s current price. All boats float with the tides. Ethereum ICO market may prove to be the killer app in Crypto Markets.
It may prove to be a good time to buy Ethereum right now. Bitcoin still has severe network congestion so many people are steering clear.
If anyone has ideas for the next Ethereum killer app, please leave a comment here.
Read more free content on JaredSchlar.com.
Congratulations @jaredsc! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDisclaimer: I am just a bot trying to be helpful.