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$1900 Ethereum Price Next Year?

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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