The CEO of BitMEX states that Ethereum will rise rapidly to $ 200 USD when the ICOs return
Everyone knows that 2018 was not a nice year for initial coin offerings (OIC). While OIC They were very publicized in 2017, most of the promises made were not delivered this year, so the type of market has collapsed into a joint problem caused by too many clamor and regulations that have blocked many new ICOs.
Now the CEO of BitMEX, Arthur Hayes, he said OIC will return within 18 months and the price of Ethereum will rise again due to this and could reach $ 200 USD.
According to Hayes, The case of use of Ethereum is mostly ICO. Unfortunately, the market became extinct in 2018, so Ethereum was severely hit by this. He believes that a rebirth of the market is due and that it will take place between 12 and 18 months. This means that, if not at the end of 2019, certainly in 2020.
Ethereum has seen losses of over 90% this year but is more stable in recent times. The security tokens and stablecoin, which the CEO defends, will attract investors in 2019. Hayes says that the first stablecoin will begin to dominate the market more and stabilize it little by little and that the new ICO would appear later.
The only point not touched by Hayes was if the new ICO would be imploded like that of 2017 or less.
Justin Sun, the CEO of Tron, a competitor of ETH, said that ETH is "imploding slowly", but of course it would say that since it is what it wants, right? Therefore, Hayes is a more credible source here.
Hayes has finished talking about Bitcoin. He believes that his price will range between $ 1,000 and $ 10,000 USD in 2019, an opinion that is considerably more conservative than many investors have.