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$1900 Ethereum Price Next Year?

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Ethereum price
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Fundstrat Global Advisors CEO and Crypto Bull, Thomas Lee has made a bold prediction for the Ethereum price by the end of next year. In a report by Bloomberg, Mr. Lee is quoted as saying the following:

Ethereum is about to stage a trend reversal and rally strongly. Sentiment is currently overly negative.

Lee further added that when Ether has underperformed other digital assets by two-standard deviations, ETH always reversed those losses. He went on to add that he sees Ethereum price reaching $1,900 by the end of next year.

Other Factors that Could Lead Ethereum price reaching $1,900

Blockchain, the European cryptocurrency wallet provider, launched an Over The Counter (OTC) desk to execute large trades off public exchanges such as Coinbase and Kraken. This move pivots Blockchain in a position to attract more institutional investors into the crypto space. Blockchain joins other OTC providers such as DRW and DV Trading in Chicago.

With Ethereum being the second most popular digital asset in the cryptocurrency markets, the institutional investors are bound to want to purchase it and HODL through the new OTC desk by Blockchain.

Secondly, the firm known as Bakkt is slated for launch this November. The firm has the backing of the New York Stock Exchange, BCG, Microsoft, Starbucks, an affiliate of Fortress Investment Group, Eagle Seven, Galaxy Digital, Horizons Ventures, Alan Howard, Pantera Capital, Protocol Ventures, and Susquehanna International Group, LLP.

Bakkt aims at building solutions for the buying, selling, storing and spending of digital assets, based on already existing time-tested futures markets. The firm made an announcement of their first futures contracts via a tweet that said:

Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.

This then states the stage for an exciting period in the crypto-markets as the year comes to an end. A Bitcoin rally will translate to Ethereum also making some impressive gains.

Thirdly, the cryptocurrency derivative platform of LedgerX is reported to be preparing to expand its cryptocurrency portfolio to include Ethereum (ETH).  The firm prides itself as being the first federally regulated exchange and clearinghouse to list and clear physically settled Bitcoin swaps and options for the institutional investors that are found on Wall Street.

According to The Block,

The company, however, is waiting for regulators from the Commodities Futures and Trading Commission to get comfortable with the product before making it available to its clients. The source told The Block that approval could come after a regulatory meeting October 5.

Summing it up, Thomas Lee has made a bold price prediction in stating that Ethereum will make it to $1,900 by the end of next year. With the digital asset struggling to rise above $220, the above three factors could be the boost that ETH needs in the markets to reach this price prediction and extinguish any fears of ETH crashing in the markets.

Check out the Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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