ICO will become popular in the next 18 months, which in turn will lead to an “aggressive increase” in Ethereum prices. Such an opinion in an interview with Cointelegraph was expressed by the head of the BitMEX exchange Arthur Hayes.
The use case for Ether is primarily ICOs. That market is dead right now. 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.
According to him, despite the fact that in 2018, the ICO market turned out to be almost dead, it will be able to recover. However, whether these will be the same levels as in 2017, Hayes did not comment.
As for the coming year, the head of BitMEX believes that stablechains will come first.
Security tokens and stablecoins will prove attractive sirens for investors in 2019. 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.
Speaking about the price of Bitcoin, which he predicted to fall to $ 2,000 in early November, Arthur Hayes suggested that in 2019 the first cryptocurrency would trade in the corridor between 1,000 and $ 10,000.
Earlier, BitMEX estimated the prospects of the 12 largest ICO-projects, which collected more than $ 50 million, and their tokens after entering the secondary market. The study dealt with Telegram, Filecoin, DFINITY, Polkadot, tZero, Basis, Orchid Protocol, Hashgraph, Rootstock, Algorand, Cosmos and Oasis Labs tokens. Hayes expressed the belief that they all deliberately postpone the launch of tokens in the secondary market, since their price will directly depend on investor sentiment, rather than fundamental factors.