Initial coin offerings will return within "18 months" and Ethereum will "Rebound aggressively," BitMEX CEO Arthur Hayes told Cointelegraph Japan Dec. 26.
BitMEX is a Hong Kong-based cryptocurrency trading platform that has become one of the largest trading platforms in the world by volume.
Speaking in an exclusive interview, Hayes forecast a return to form for 2018's "Dead" ICO markets.
"Once there are new issues, then Ether will rebound aggressively. When the ICO market returns, Ether will quickly test $200. The timing of the ICO rebirth is 12 to 18 months out."
Hayes made the comments following a now rare day of stability across cryptocurrency markets, with ETH/USD staying range bound within 1 percent of $129 after doubling in a week.
In the coming 12-18 months Hayes first predicts stablecoins will have their time in the limelight before an ICO resurgence.
He did not elaborate on whether that market will implode like that of the 2017 ICO boom.
For Bitcoin, Hayes suggested a fairly small trading corridor for next year - between $1,000 and $10,000.
Some sources have argued institutional investors engaging in Bitcoin through new financial instruments will take the price much higher.
Last weekend, Justin Sun, CEO of decentralized application development platform TRON, claimed ETH was "Slowly imploding."
BitMEX CEO: Ethereum 'Will Quickly Test $200' When ICO Market Returns
gepubliceerd op Dec 26, 2018
by Cointele | gepubliceerd op Coinage
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