Known Bitcoin optimist and founder of Analytics company Fundstrat Tom Lee switched on the Ethereum. According to his forecast, the trend of the rate of the second capitalization of the coin in the near future will unfold. By the end of 2019 Ethereum will cost 1.9 thousand dollars, he said. Words of the analyst leads Cointelegraph.
In recent months, the rate of Ethereum has plummeted, and the coin showed the worst performance among the most liquid cryptocurrency. Lee sees this as only a plus — according to him, in the near future the coin is found the bottom, and then begin to grow.
When to grow the Ethereum
As claims analyst, Ethereum is ready to change downtrend to an uptrend and go for growth. Now the mood of investors in the coin market is too negative.
At the time of this writing, the Ethereum trading at $ 225. So If true, the coin need to grow 726 percent, the newspaper notes.
In early September, Li said that the launch of futures ETH will not lead to the growth of the coins, and by the development of its main competitor of Bitcoin. Contracts for Ethereum will allow the bears to open short positions profitable cryptocurrency.
In July, Lee reiterated his bullish stance against Bitcoin. Then he said that by the end of the year, the cryptocurrency could grow to 22 to 25 thousand dollars. The analyst also added that the first cryptocurrency has already passed the bottom, and then it is only going to grow. While Bitcoin balances in the area of 6-6,5 thousand dollars because of regulatory uncertainty and with the launch of futures. Each expiration of the contracts affects the coin price, he said.
More recently, the cryptanalyst has concluded that Bitcoin “may end the year still vzryvoobrazno”, referring to the correlation between the growth rate of the first crypto-currencies and emerging markets.
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