BitMEX CEO: “If ICOs, Ether, test the USD 200 mark”
Home News BitMEX CEO: “If ICOs, Ether, the 200 USD mark test”
Marcus Misiak –
The year 2018 was for the crypto currency market is almost entirely due to a downward trend and the bear market. During the crypto market gained last week is still a certain degree of stability, seem to be the sign of a Bullruns again rather low. That’s why a lot of crypto in the hope enthusiasts that 2019 will bring some good news, which will lay the Foundation stone for a new run.
According to Arthur Hayes, CEO of the Hong Kong stock exchange BitMEX could be the revival of Ethereum. Remarkably, Hayes in the past was not a big fan of Ethereum, and indicates the ETH as a “Shitcoin”, and advised the investors in the case of BitMEX, to shorten it. In an interview with Cointelegraph Japan, he said, however, that the rate of ETH could quickly return to $ 200, as soon as new ICO projects come on the market. Hayes told Cointelegraph:
As soon as there are new problems, will develop Ether aggressively. If, however, the ICO market returns, is Ether quickly test 200 USD. The time of the ICO re-births will still take 12 to 18 months.
Ethereum recorded in 2018, a decline in the amount of approximately 90 percent. The all-time high was on may 13. January 2018 in the case of 1.448 to.18 USD. In the course of the year, Ethereum has lost but partly more than any other Top crypto-currencies and XRP as the second-largest Crypto currency by market capitalisation replaced. But now, as the markets show some stability, moving Ethereum to 130 USD mark.
The ICOs were responsible for this year’s Performance of Ethereum and the fact of being responsible, since a number of ICO projects had to their Ether-stocks, liquidate. At the Moment, a ICO-Revival looks unlikely. The hope, then, is the year 2019, what could be much more positive. Many industry observers say is a trend at the turn of the second quarter of next year, and a greater interest from institutional investors. This could be the catalyst for more ICOs of the ETH price very quickly back to $ 200 USD to rise.
Hayes stated in the Intervoew that Stablecoins and value of paper tokens will be in 2019 to be very successful, even before it will give an ICO Revival.
Value of paper tokens, and stable coins will be in 2019 as an attractive offer for investors. While their fundamental reason for being is flawed, brackets investors in this hard time of everything, what do you think that it will be their ticket to easy wealth.