BitMEX CEO: Ether Will Quickly Test $ 200 When ICO Market Rises
BitMEX CEO Arthur Hayes expects a resurgence of the ICO market over the next 18 months, leading to an “aggressive recovery” for Ethereum.
“The main area of application of ether is ICO. As soon as their emission is resumed, the ether will proceed to aggressive recovery. When the ICO market returns, Ether will quickly test $ 200. I take 12-18 months for this, ”he said in a conversation with Cointelegraph.
Ethereum has been one of the most successful major cryptocurrencies in recent days. Over the week, its rate has risen by 24% and at the time of publication is about $ 130 after reaching a local peak above $ 150. Before that, the cryptocurrency managed to depreciate by more than 90%.
According to Hayes, stablecoins will remain the key trend in the cryptocurrency space until the resumption of active trading in the ICO market. “Security tokens and stablecoins will attract the attention of investors in 2019. While they are fundamentally flawed, in this challenging time, investors will grab onto whatever might seem like a ticket to easy money, ”he added..
The head of BitMEX also predicted that bitcoin will trade in the $ 1,000- $ 10,000 range over the next year, while some analysts expect the inflow of institutional capital to push it much higher..
Hayes announced in November that 2019 will be a “payback year” for large ICO funds..
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