This year, little-known but promising types of cryptocurrency will rise in price. Already, the price of stellar and neo is growing rapidly.
Wall Street analyst Tom Lee, co-founder of Fundstrat Global Advisors and early bitcoin investor, spoke to CNBC about the cryptocurrency market.
“We believe 2018 will be characterized by price fluctuations in the cryptocurrency market, namely between minor and powerful tokens.”
Although bitcoin is the leader in the digital currency market, it lost more than a third of its value last month, falling from its December high of $19,500 to less than $10,000. Meanwhile, the price of other types of cryptocurrency remained stable. However, Mr. Lee is confident that bitcoin will not lose its position and will double its price by the end of 2018, which will be about $25 thousand.
At the same time, fluctuations in cryptocurrency prices will allow investors who missed the initial wave of investments in digital currency with bitcoin to invest in other types of digital currencies.
According to https://www.cnbc.com
You May Also Like
The US government pension fund invested in Bitcoin
The Houston Firefighters' Retirement Fund (HFRRF) has moved part of its portfolio into Bitcoin and Ethereum. Institutions are confident that the rise in the price of crypto assets is not over, so such an investment will bring good interest.
Crypto market capitalization broke through $3 trillion for the first time
As altcoins reach new highs, the cryptocurrency market reaches record levels of capitalization.
