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Ethereum will quickly test $ 200 & # 39; when the ICO market returns



The initial token offering (ICO) will return within "18 months" and Ethereum (ETH) "will bounce aggressively," BitMEX CEO Arthur Hayes told Cointelegraph Japan on December 26th.

BitMEX is a Hong Kong cryptocurrency trading platform that has become one of the largest trading platforms in the world by volume.

Speaking in an exclusive interview, Hayes predicts a return to shape for the 2018 "dead" ICO markets.

"Ether's use case is mainly ICO, this market is dead right now," he said, adding:

"Once there are new problems, then Ether will bounce aggressively.When the ICO market returns, Ether will quickly test $ 200. The timing of the ICO rebirth is 12 to 18 months."

Hayes made comments following a now rare day of stability on the cryptocurrency markets, with an ETH / USD remaining within 1% of $ 129 after doubling in a week.

One of the best performers in the short term, the biggest altcoin has seen losses of more than 90 percent in 2018.

In the next 12-18 months, however, Hayes first predicts that the stablecoin will have their time in the spotlight before a rebirth of the ICO.

"Security tokens and stablecoins will represent attractive sirens for investors in 2019," he continued, noting:

"While their fundamental reason for being is imperfect, investors in this moment of sorrow will cling to whatever they believe will be their ticket to easy riches."

He did not explain if that market will implode like that of the ICO boom of 2017.

For Bitcoin (BTC), Hayes suggested a fairly small trade corridor for next year, between $ 1,000 and $ 10,000. Some sources have claimed that institutional investors engaged in Bitcoin through new financial instruments will take the price much higher.

Last weekend, Justin Sun, CEO of the Decentralized Application Development Platform (DApp) TRON (TRX), said that ETH was "slowly imploding".


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