"This in turn creates ETH selling pressures, which are unlikely to go away any time soon," said Cermak on Twitter. "The price is affected not only by the ETH mining issuance but also by ICO companies liquidating to cover their expenses." "At least 12 ICOs currently have a smaller market caps than the amount that they hold in their ETH treasuries alone - Aragon, SingularDTV, Gnosis, FirstBlood, Monetha, HEROcoin, Bloom, Mysterium, Atonomi, Indorse, Musiconomi and Aventus," said Cermak. "Seven companies hold more than 200k ETH (not counting Poladot, which has funds stuck in the Parity bug) -DigixDAO, Golem, Status, Aragon, Filecoin, Tezos and SingularDTV." On Sept. 8, Ethereum founder Vitalik Buterin told Bloomberg that the days of massive gains in crypto prices are likely over. "The blockchain space is getting to the point where there’s a ceiling in sight," said Buterin. "If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore." At $187 Ethereum has a market capitalization of nearly $19 billion. Twenty-four-hour trading volume stood at $1.6 billion as ETH lost 5% in the past day. There are 101.8 million ETH tokens in circulation. Bitcoin's dominance (CRYPTO: BTC) of crypto market is 56%. "Mr. Buterin voiced his belief that the decentralized industry must begin to move into the direction of real application of real economic activity," wrote Diar's analysts on Sept. 10. "It seems, however, that with scaling issues that continue to be of concern, marketing activities promoting the potential could remain the norm." Articles by Marvin Dumont: NEM Blockchain Used To Disrupt Logistics. Will Amazon, Walmart Care? Gemini Dollar, Tied To US Dollar, Approved As World’s First Stablecoin High-Paying Blockchain Jobs Are Offering Security In Uncertain Times Terrorists Not Gaining From Cryptos But Risks Remain: Experts Google Enters Blockchain: Does It Threaten Amazon, IBM, Microsoft? Disclaimer: The views expressed in this article belong solely to the author. Information contained herein should not be construed as investment advice.
8/ This in turn creates ETH selling pressures, which are unlikely to go away any time soon. The price is affected not only by the ETH mining issuance but also by ICO companies liquidating to cover their expenses.— Larry Cermak (@lawmaster) September 10, 2018