Chief Executive at BitMEX, Arthur Hayes, has shared his opinion according to which ethereum (ETH) will rebound up to $200 as soon as ICO market return. Hayes believes this will happen within the next 18 months.
BitMEX is a crypto trading platform which offers investors access to the global financial markets using bitcoin (BTC).
"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 said.
Moreover, the head of BitMEX forecasts 2019 will be the year of stablecoins and security-related tokens.
"Security tokens and stablecoins will prove attractive sirens for investors in 2019," he said.
Earlier, BitMEX launched its own division of Venture Capital. Led by Kumar Dandapani, a former partner of Nth-Degree Analytics.
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