BitMEX CEO: Ethereum Price ‘Will Test $200’ After ICO Market Returns

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Co-founder and CEO of BitMEX Arthur Hayes, recently declared that the price of Ethereum will 'rebound aggressively' once the ICO market will return in 12 to 18 months.

According to Hayes, Ethereum’s use case are mostly ICOs. Unfortunately, the market died out in 2018, so Ethereum was hit hard by this. He believes that a rebirth of the market is due and that it will happen in 12 to 18 months. This means that, if not at the end of 2019, certainly in 2020.

This year has been a rough one for most cryptocurrencies but some have fared worse than others. Ethereum is one of those heavy sufferers, that has lost over 90% since its peak almost a year ago.

ICOs have been largely responsible for this year’s Ethereum performance and the fact that it has been outperformed by a number of other crypto assets including Bitcoin, XRP and TRON which have...

Read More: https://bitzamp.com/bitmex-ceo-ethereum-price-will-test-200-after-ico-market-returns/

[gurunanakji777]

Yes ethereum suffers hard almost +90% from its year high just because of ICOs. But I feel in january eth will test again 200$ because ethereum has hardfork in the month of january I am saying this because in the previous month we have seen BCH hardfork happened and I noticed before hardfork many investors bought BCH thus Bch spiked too much and dropped after hardfork So I feel ethereum will also behave like this and We will see heavy buying by investors in ethereum in January in order to get free hardfork coin.

[IvugeoEvolutionCoin]

ethereum prices will definitely experience a price increase again if there is good news and if the market conditions have returned to normal.