You are viewing a single comment's thread from:RE: So Many ERC-20 TokensView the full contextjwyles (33)in #ethereum • 7 years ago Crazy that think of ETH at $50, but well, we'll see. If that actually happens I'll remember this post 🙂
https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html
$319 to $0.10 has already happened on GDAX/Coinbase.
That was a multimillion dollar trade and cascade effect. These ICOs have BILLIONS.
$50 Ethereum would be divided by 14... this flash crash was divided by 3000... so maybe $50 is a high estimate.
That being said it's in their best interests for the value of Ethereum to stay high so they can sell off for more money.