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ETH To Reach $1900 Next Year — Tom Lee

Published: 28/09/2018
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What is it for?

Ether’s price can reach $1900 by the end of 2019, according to Tom Lee, the head analyst and founder of Fundstrat Global Advisors, Bloomberg reports.

 

Ether is ranked second by crypto market cap, and the future price growth of the cryptocurrency can be affected by negative sentiments related to ether trading, thus boosting it to regain previous positions in the near future.

 

Tom Lee’s forecast is based on the ether’s overall performance, from which it becomes obvious that when the asset began to lose its market share, one could see reverse trends when the price of the cryptocurrency was rising.

 

As a result, the analyst concluded that the ether's cost can reach $1900 in a year, which is much higher than the historic maximum of $1349 evidenced in January 2018.  

 

According to CoinMarketCap at 09:20 (UTC), September 28, the total market cap of ether is $22.8 billion, and its value is $223.76. The daily trading volume exceeds $2 billion. It should be noted that at about 8:00 pm (UTC), September 27, there was a surge in the ether's price — it increased by 4.4% in 15 minutes, then the growth was more than 5% in the last 24 hours. Ether is still positioned second by the market capitalization, although Ripple was a line above two times in September.

 

Source: CoinMarketCap

 

In July, Lee made a forecast on the BTC cost and was confident that its price could reach $25,000 by the end of the year. Two months later he wasn’t so optimistic about the first cryptocurrency, stressing that it had some dependence on the market growth, but according to the analyst, the price of bitcoin will inevitably increase.

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cryptocurrency ETH
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