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Ethereum (ETH) fell 84% from its record high of $ 1,400 in January. Ethereum, "gathering to be strong," and by the end of 2019 can go up to $ 1,900.
Ethereum posted a lower performance over the last three months compared to other major cryptographic parts and traded at $ 222 per print period.
However, according to analyst Price, he believes the price is low and that investors give the opportunity to buy and catch up on their future profits. Ethereum expects the trend to reverse, said the former director of JP Morgan, and felt that it was unfair because of various factors. There is competition from the EOS competing to become the best blockchain platform for developers.
Thomas Lee: ETH will reach $ 1,900 in 2019
Before the end of this year, many estimates had been made of the value and growth of digital currencies on the market. However, the value of most coins is far from their expected value because they are heavily influenced by bears.
According to the note written by Thomas Lee,
"The digital currency, which has seen a selloff this year due to the loss of investor interest in the digital currency market, is about to rebound dramatically."
Lee said Ethereum (ETH) had lost 50% of its value in the past three months and that it was outperforming two standard deviations from large-cap digital currencies, which clearly indicates that it's time to bounce back.
Furthermore,
Tom Lee has been criticized by crypto investors for his overly optimistic predictions about Bitcoin (BTC).
Throughout the summer, he insisted that Bitcoin would reach $ 25,000 by the end of the year, although this scenario now seems very unlikely.
Lee said that Ethereum was under commercial pressure related to this year's first year (ICO) fund offers.
In early September, ICOs received Ethereum $ 192 million ($ 192) in fundraising activities. The Ethereum chain of EOS allows you to switch to the network.
Vitalik Buterin told Bloomberg;
If you spoke to the educated person, he would probably have heard about the channel at least once, and there would be no opportunity to do 1000 times more field work, he said.
Co-creator Ethereum, Joseph Lubin, said that;
Something that supports the truth about the power approved by the government. This new cryptocurrency system provides information, reduces costs and adds value to transactions between owners. He also said that creating a consensus without a central actor is a profound evolution of the social contract. The result of this new system is that economic intermediaries can explore the potential of new types of assets.
Ethereum Classic (ETC) increases by 2.9% in seven days
The cryptocurrency market was mixed this week with the upward and downward trend in prices over a seven-day period.
Last week, bullfighting increased, which increased the price of encrypted coins and underprices, but followed an unexpected downward price trend. Ethereum Classic rose 2.9% on the weekly chart.
Ethereum Classic Price Now
Ethereum Classic (ETC) was trading at $ 11.32. This indicates a rise of 3.20% against the dollar and a 0.27% rise against bitcoin.
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