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RE: Why is the Price of Ethereum Rising? The Centralisation of Ownership...

in #etheruem8 years ago

'Companies' are raising funding via ETH ICOs; per the article this creates artificial demand - that has nothing to do with the intrinsic value of ETH - as investor buy tokens to participate in the ICOs. What happens next is ugly: the 'companies' hire people, lease office space, buy equipment etc. To do so they have to sell ETH to raise funds. See where this is going?