The price of Ether is set for another strong rally, according to the managing partner and head of research at Fundstrat Global Advisors.
Premier African Tower Operator Helios Raises $364 Million in Low-key IPO
Tuesday October 15, 2019
Coinspeaker Premier African Tower Operator Helios Raises $364 Million in Low-key IPOHelios Towers which is one of the key operators of towers for several mobile networks across Africa has successfully raised about 288 million pounds (or $364 million) in an initial public offering. It’s worth mentioning that IPO was delayed last year due to concerns […]
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Ether to Reach New Highs?
In a report from CNBC, Bitcoin bull Tom Lee sent a note to clients yesterday stating:
We believe Ethereum is about to stage a trend reversal and rally strongly.
The note comes at a time when the market has struggled to gain much traction since the beginning of 2018. To date, the highest Ether has risen is around $1,400 during the market rally in January. Since then, however, it has dropped in value by over 80 percent. At the time of publishing, it’s trading at $224, according to CoinMarketCap.
Such is the drop of Ether’s price that, back in August, it was reported that it had fallen below $300 for the first time in nine months.
Yet, despite the recent lag in price, Lee is confident that Ether will soon see a turnaround in value. In Lee’s opinion, the fact that Ether has underperformed other crypto assets the last four times by two standard deviations is a “sign of capitulation.”
W88 khuyến mãi đặc biệt cho tháng 7 – Vòng quay may mắn
Tuesday July 25, 2017
Chương trình Vòng quay may mắn của W88 Bạn phải là thành viên của W88 mới được tham gia chương trình đặc biệt này nhé. Vậy thì đăng ký w88 ngay và luôn đi. Cách tham gia quá đơn giản, chỉ cần vào trang vòng quay và bấm quay. Nếu trúng W88 sẽ trả thưởng
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This price confidence is also felt with another tech analyst.
Earlier this month, Ian McLeod, analyst for Thomas Crown Art, stated that Ether will “rebound considerably before the end of 2018.” Additionally, he argued that within five years, Ethereum will halve the market share of Bitcoin.
Undeniably, 2017 was an impressive year for Ethereum. With the plethora of initial coin offerings (ICOs) being launched, appetite for the blockchain was ripe.
However, that appetite is beginning to wane. This is partly due to its bottleneck issues, which has also seen fees rise sharply. Back in January, it reached a high of $3.137. While it’s nothing compared to Bitcoin’s high fee of $55 at one point, it does show that Ethereum is not immune to scaling issues.
Yet, with the ICO teams accepting Ether, investors keen to get involved bought the crypto asset, which was then sold to the projects for their respective tokens. In turn, this helped to bump the price of Ether up. The altcoin then simply sat in the development teams’ wallets. Of course, when they needed money to pay for salaries, they subsequently sold their Ether, pushing its price back down.
It’s a catch-22 situation. But despite all this, Lee expects a rally soon.
Do you think its price will rise again? Let us know in the comments below.
Will Kelvin Benjamin Flourish with the Kansas City Chiefs?
Friday December 14, 2018
Just last week the Buffalo Bills decided to part ways with their wide receiver, Kelvin Benjamin. While the timing of the release was surprising, it wasn’t precisely a horrible idea. Benjamin wasn’t working out in Buffalo, and at some point, he became a distraction. He wasn’t hitting his stride with the team, and there wasn’t […]
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Images courtesy of Shutterstock and CNBC.
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