Although it was not wanted to directly link the price of the Ether with the growth of the ICO, the reality is that the second largest crypto currency in the market has been hard hit by the movement and behavior of the ICO.
The general decline in the summer of the ICO together with the macro depreciation of the market has caused the ETH to reach a price below 200 dollars, a price that has not been seen for a long time and is far from the highest price seen in the currency approaching 1350 dollars.
Ethereum continues to advance
Even with an ETH price down and a very negative market, Ethereum developers are still working to improve their platform. They recently announced that the change of consensus algorithm for security was going to be delayed a little longer than expected because they wanted to improve what they were doing. As estimated, the team will be delayed 12 months in the transition from the working test (PoW) to the participation test (PoS).
It was also learned that Ethereum agreed with Google to include its Blockchain network in Google BigQuery, thus allowing the public to interactively analyze the data handled by the Ethereum network. With this agreement, Ethereum and Bitcoin remain the only Blockchain networks that are allowed by Google to be analyzed by BigQuery.
Ethereum’s impact on the market
The market has also been very close to the Ethereum movement, especially institutional investors. Rumours of Ethereum’s inclusion in the futures market have led many established investors to think about the possibility of investing here. However, for many investment advisors and market analysts, the introduction of Ether in the futures market could have more negative than positive consequences for the market, especially for its long-term valuation.
What is certain and out of speculation is that the Ether and Ethereum are going through very dark moments in their valuation. According to specialized indicators such as the AltDex index indicate that the currency has depreciated very rapidly in recent days and when there is a general rise in the market, it is one of the least rising currencies. Faced with this situation, many investment experts and advisors continue to study the development of the currency to determine whether there will be a significant recovery in the future.