So I see this going one of two ways:
1. It helps the value of current coins go up since the competition has been lessened and as such the supply is lower than the demand.
2. It hurts the value of current coins as speculators were making a killing as ICO’s surged in price. Now that money making strategy is no longer there, making the point of having crypto meaningless. The eventual dump then creates an oversupply.
Thoughts?