BitMEX CEO: Ethereum ‘Will Quickly Test $200’ When ICO Market Returns

[Kang TB]

Perhaps he is right, and perhaps not. I no longer pay attention to various forecasts, whether it is an expert, the director of the exchange or someone else, because it is impossible to predict the future and the price of a certain coin. I hope that the market of ICO projects will be restored as soon as possible and the price of ETH will grow.

nice projections from bitmex CEO,,
but, the main questions is, when the ICO market will returns ?
if the demands is too low in this crypto industries for now my friend

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[lotfipro]

I think he is right. But as for me, I expect another price of Ethereum in the nearest future. At least 300-400$. When the market will start recovering, eth will grow immediately.

[basici]

Ethereum will be much higher than 200 dollars and I am sure that we still have the opportunity to see it at 2k dollars per coin

[AB de Royse777]

In my opinion, hitting $200 is a matter of time. Let the Bitcoin price to settle then all the other coins will find their way. I am even looking forward for ETH to hit $1200 again.

Looking at the volatility of crypto this can happen anytime.

This is definitely not going to happen until the end of 2019. Volatility is not so high right now and the bear market is very strong

Did you mean 2018 or really meant 2019? If 2019 then you are talking about a long run. Falling from $20k to $6k-$8k for bitcoin did not take much time though. I am expecting a bull market since we already have seen the correction. If this happens then $200 is not going to take the whole 2019.

I am curious to know your base by the way.

[daly896]

I think ethereum will return to 200 faster as he suggests. I am bullish on ethereum and to my mind there is potential for fast growth withing 2 months!

[bgpsq]

Every green day in the market Ethereum rise around 13-20%, but it is always followed by big dump, so it is hard to attack 200$ level for Ethereum, when market is still bearish.

[luckydag]

I think that Ethereum will be able to break the resistance line of $ 200 faster. Only the output of Constantinople will be able to make Ethereum grow to $ 200, and if the ICO market revives, the Ethereum will grow faster.

Yes Ethereum is like the first domino in this market. If his price falls, they all fall. The real problem here is that Ethereum is also affected by the bitcoin price. If this were not correlated, this market could have come to better places.

[masterrex]

Initial coin offerings (ICO) will return within “18 months” and Ethereum (ETH) 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.

“The use case for Ether is primarily ICOs. That market is dead right now,” he said, adding:

    “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.

One of the top performers in the short term, the once-largest altcoin has seen losses of over 90 percent in 2018.

In the coming 12-18 months, however, Hayes first predicts stablecoins will have their time in the limelight before an ICO resurgence.

“Security tokens and stablecoins will prove attractive sirens for investors in 2019,” he continued, noting:

    “While their fundamental raison d'etre is flawed, investors in this time of pain will latch onto anything they believe will be their ticket to easy riches.”

He did not elaborate on whether that market will implode like that of the 2017 ICO boom.

For Bitcoin (BTC), 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 (DApp) development platform TRON (TRX), claimed ETH was “slowly imploding.”

CT | https://cointelegraph.com/news/bitmex-ceo-ethereum-will-quickly-test-200-when-ico-market-returns

Well thats too conservative speculation! But ethereum is already prove its place in Crypto-Space when it reach All time High price @ $1200+ and i believe that it was highly possible to surpassed that ATH record in the coming months if the market condition in 2019 will improve will thats only my positive speculation and the results may differ.

[dewildance]

Initial coin offerings (ICO) will return within “18 months” and Ethereum (ETH) 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.

“The use case for Ether is primarily ICOs. That market is dead right now,” he said, adding:

    “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.

One of the top performers in the short term, the once-largest altcoin has seen losses of over 90 percent in 2018.

In the coming 12-18 months, however, Hayes first predicts stablecoins will have their time in the limelight before an ICO resurgence.

“Security tokens and stablecoins will prove attractive sirens for investors in 2019,” he continued, noting:

    “While their fundamental raison d'etre is flawed, investors in this time of pain will latch onto anything they believe will be their ticket to easy riches.”

He did not elaborate on whether that market will implode like that of the 2017 ICO boom.

For Bitcoin (BTC), 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 (DApp) development platform TRON (TRX), claimed ETH was “slowly imploding.”

CT | https://cointelegraph.com/news/bitmex-ceo-ethereum-will-quickly-test-200-when-ico-market-returns

I think the ICO cycle is coming to an end. The success rate of projects starting with ICO funding is not very high. Approximately 2000 ICO completed the investment process. But the number of actually functioning projects is not even 1 in 10.

Different solutions can be mentioned in the market. Soon!

[Geenstijl]

The main question is not when, but IF.

I think the ICO cycle is coming to an end. The success rate of projects starting with ICO funding is not very high. Approximately 2000 ICO completed the investment process. But the number of actually functioning projects is not even 1 in 10.

Different solutions can be mentioned in the market. Soon!

I think so too. What's the matter to do an ICO if you are legit startup now? There are so many threats: bearish market, SEC, the absence of investors and many others. Why should we invest in ICOs, when every single token is below it's ICO price?

[pemantaubtt]

that's very good news for us, I guess that can improve the mentality of ethereum holders. but in my opinion when that happens ethereum won't only have 200 $ maybe I hope it will be 1000 $.

[magicrypto]

Thats will be really great, 200 is not the best price of course, but if ETH gets 200 the market will move little bit more interesting, as you can see with low ETH price ICO market looks not vey healthy right now, most of the projects are just waiting good market conditions.

[el_lobo]

I do not think $200 is a high price for ethereum and eth will certainly reach the price again.
So i can well imagine that the prediction is correct.

[Nivia1st]

unfortunately the ICO market will never return. as long as there is no change, people prefer not to invest. the problem at the moment, is that ico can't provide profits to its investors. regardless of the project it's good or scam, because when their token listing on the market the price will fall.

IMO, the only way that ethereum can return is to immediately release an update for POS. so there will be many people who will hold ethereum.

[Baofeng]

Just a few dollars before reaching $200 so it's really doable. Remember that there will be a upcoming fork, so I'm sure many will slowly invest on Ethereum to get those free airdrop coins. It's a fairly conservative estimates from Bitmex CEO but at least it's not a exorbitant numbers similar to what other so-called experts are predicting and it's achievable by all means.

[yurez]

Two hundred dollars ethereum will already be in the first half of next year, but where it goes further is a very interesting question.

[Inu.Guren]

In my opinion, hitting $200 is a matter of time. Let the Bitcoin price to settle then all the other coins will find their way. I am even looking forward for ETH to hit $1200 again.

Looking at the volatility of crypto this can happen anytime.

This is definitely not going to happen until the end of 2019. Volatility is not so high right now and the bear market is very strong

Did you mean 2018 or really meant 2019? If 2019 then you are talking about a long run. Falling from $20k to $6k-$8k for bitcoin did not take much time though. I am expecting a bull market since we already have seen the correction. If this happens then $200 is not going to take the whole 2019.

I am curious to know your base by the way.

don't hope much for Ethereum price in 2019, if Ethereum hit price in $200 is just a bonus from market LOL
but i can't imagine about ethereum price in few year again especially after bitcoin halving in 2020

[AB de Royse777]

don't hope much for Ethereum price in 2019, if Ethereum hit price in $200 is just a bonus from market LOL
but i can't imagine about ethereum price in few year again especially after bitcoin halving in 2020

What do you mean by that? How are you so sure? Do you have a solid reference which is talking about ETH not to cross $200 in 2019?

[evanescence]

I think $200 can be retested even thanks to hard forks only.
Not sure why he's so sure the overinflated ICO market is ever coming back.
Maybe if a huge well-known corporation decides to gather ICO funds, we might see a revival.
But overall I'm pretty bearish on ICOs themselves.

[mummybtc]

This guy is known for destroying the price of BTC and Ethereum, the exchange fund FUD article that crash the price of Ether, the double digit shitcoin article did great damage to the price of Ether, now calling for the price of Ether to pick up will be diffficult, it is easier to bring something down than to bring it up