The correlation between ETH price and investing cash flow in ICOs 2018

VP | Coin98.NET
Coin98 Analytics
Published in
1 min readDec 4, 2018

According to statistics from the beginning of 2018 to now, ETH prices have now reduced to 10 times compared to its price earlier this year. The amount investing in ICOs also dropped dramatically from $ 1.52 billion in January 2018 to $ 145 million in October 2018.

In particular, the pace of change in ETH’s price and investment in ICOs are almost the same.

The reason may be that the most incentive of the ETH’s up-to-now is to contribute to ICOs. When the ICO market goes down, the need to buy ETH no longer leads to a drop in ETH, which is corresponding to the decline of cash inflow into the ICO.

Source: ICOdata
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