Arthur Hayes, CEO of BitMEX, said in an interview with Cointelegraph on December 26 that the ICO market in 2018 is not optimistic, but will return in “18 months”, while Ethereum ( ETH ) will appear “Strong rebound.”
BitMEX, a cryptocurrency trading platform based in Hong Kong, is one of the largest trading platforms in the world today.
Hayes believes that Ether’s ICO market is now “already finished”, but he believes that before the ICO returns, the stable currency will have a chance to become the focus of attention in 2019. He says:
“Every time there is a new problem, Ethereum will have a strong rebound. When the ICO market returns, Ether will quickly test the price of $200. The return of the ICO market will be 12 to 18 months.”
At the same time, Hayes believes that security tokens and stable coins will be very attractive to investors in 2019. He said that
“Although the basic reasons for their existence are flawed, in this difficult time, investors will seize any opportunity they think can be rich.”
Barry Silbert, founder of the Digital Money Group, an encryption investment fund, also said that the decline in the ICO market will not hinder the inevitable growth of the encryption market. According to CCN’s report on November 28th, Silbert believes that the ICO’s enthusiasm in 2017 has contributed to the sharp rise in bitcoin prices, but the sharp decline in the ICO market has led to massive sell-offs.
According to CoinMarketCap data, as of the time of submission, the encryption market has a low rise and fall. In the past 24 hours, the ETH transaction price was $129.41, down 1.66%.