Markets continue their fall, with Ethereum (BITFINEX: ETH/USD.BITFINEX) leading the way. And this has paved the way for bitcoin (Bitcoin: BITCOIN) to reassert it dominance onto the market even further, as the index now rose to nearly 60%. At 1 pm London time the figure is at 58.08% and 9.37%.
Ethereum was edging close on a few occasions towards taking up some of the market share but was unable to hold on to gains.
Today, ethereum is falling on the back of a fall in interest and investment in the ICO market. According to research conducted by GreySpark Partners, almost half of ICO’s conducted in 2017−2018 have failed while 40% of them have collected over $1 million.
According to experts, the decline on the ICO market could be the result of the disappointment with how ICO’s develop, scams, difficulty associated with carrying out the projects and lack of quality marketing strategies.
The also underline that in the near future the number of large scale ICO’s will diminish even further due to increased regulations, increased investor awareness and maturity of the market. This will likely to decrease the price of ethereum even further.