According to the study TrustNodes, published 13 September, for the first 10 days of the month the ICO projects sold 160 thousand Ethereum (ETH), which has already exceeded sales for August. In just the last 30 days projects ICO got rid of 283 thousand ETH.
Source: TrustNodes
Average daily sales of ICO second cryptocurrency in August ranged from 1 to 5 thousand coins, occasionally growing up to 10 thousand ETH. In early September, close to the last value have become more common, said the study authors.
The largest volume of sales projects ETH ICO in September was recorded TrustNodes 4 Sep — 82 thousand coins. Then there was a sharp decline in the price of ETH.
Source: CoinMarketCap
The most significant share of sales of ETH from the ICO related to the project Digix, the stock of Ethereum which still exceeds the market capitalization of own token DigixDAO. As noted by experts TrustNodes, to sell at a time 54 thousand ETH through the stock exchange Gemini doesn’t look a good idea.
Perhaps Digix, as well as some other projects such as ICO, should refer to the professional managers for managing capital, believe in TrustNodes. As noted in the study, Digix could stretch sale time to refinance secured crypto-currencies or convert to different tokens for sale, and not roll quotes of traded asset.
Earlier, analysts of the company Diar came to the conclusion that the sale of the ETH projects ICO exerts pressure on the price of the second currency. However, Nouriel Roubini (Nouriel Roubini) believes that the main problem Ethereum is too small a number of active applications (DApp) in the network.
Source
