EOS will be fighting ETH. This will be a big battle for both of the coins.
I think that EOS will win and ETH will drop in value even more.

I guess everyone may be spending their ether on EOS. Everything is crashing at the moment

Not just EOS. It's all these ICO, especially the scammy ones.

@budp: Thank you so much for sharing an insight view, found it really helpful.

That's exactly what I was thinking this morning, EOS was sucking out all the money from the other cryptocurrencies...with 200,000,000 tokens being issued this week at ~$3-$4 that would require up to $800 million, most of which won't come from outside the crypto community which means people need to sell coins. But when I added up the cumulative market loss of the other currencies it was well over 10x this size, so it appears something else is going on as well. Cheers

Do Ico's help or hurt Ethereum? This is the question I have been pondering lately. Now in perfect world I would say it is beneficial for the  network for ICO's to accept and use ethereum to fund their projects but the fact that so many ICO's are over saturating the market and causing all these sell orders  I cannot possibly think this is beneficial. And what happens when one of these ICO's does not follow through with their promises and runs off into the sunset? BLOODSHED! But I am holding long. And hope we weather the storm! 
Cheers!

well a few facts we know about eth in my opinion

- Etherum has dropped about $180ish in the past 10 days from the $415 peak
- Lots of people are panic selling right now and it's creating logically a snowball effect.
- Nobody knows what's going to happen to the price, its 100% pure speculation. It could go to $3000 or it could go to $3, nobody knows. 
- Coinbase sucks, has always sucked, and will continue to suck.

Dont get my wrong, I love ETH but we have to be realistic, we do not exactly know, where we will be the next years.  Maybe ETH crashing due to EOS yes, I hope so though. I want ETH to rise and hope that it will do good things for humanity in future.

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no bro, i think eos saved ethereums ass, otherewise would gone below 150

please view my post

upvoted please follow me and upvote my post if you like it
https://steemit.com/money/@vegeto/why-uber-is-a-scam