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RE: We are Seeing the Effect of ICOs on the Ethereum Price
Bicoin & Ethereum is the competitor, if bitcoin effects its more chance for ETHERIUM to effect..so, if both effects than the whole market effects..They dominance the whole market..
If ico taking place or imbalance in low cryptos, it reflects the price Action to bitcion & Ethereum
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Bitcoin doesn't compete with Ethereum. Ethereum is in it's own lane.