Almost all of the new coins seem to have absurd pre-launch values though. Each and every ICO so far has raised money well beyond its value.
What impact will this have on the space? I guess we will have to wait and see. It can't be good though :/
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Agreed
Exactly. The "ICO Madness" will come back at us eventually, for sure. A lot, if not most, of the ICO's is unproven tech that probably never will be profitable, so what happens when they decide to extract their tokens and start paying their bills?
Exactly, I think the price of Ethereum has already begun to see a lot of the negative impact. If they all raise ETH then of course they have to all sell ETH to get fiat or whatever else they use to pay their bills.
Word.