Posted on

BTC at 10k by late 2019, Tom Lee Predicts. Not So Fast, Tone Vays Says

The recent surge in the price of BTC and the rest of the altcoins has led many analysts to take an optimistic view about the cryptomarkets, vowing that the bearish trend of 2018 is possibly coming to an end.

Tom Lee

After a series of failed
predictions, Tom Lee has again raised expectations in the community, assuring
that Bitcoin could surpass the 10k mark in 2019. In an interview with
MarketWatch, the well-experienced Bitcoin bull explained the reasons
why BTC could even exceed this target:

“Risk appetite is positive for bitcoin … If the S&P 500 made a 2.5 standard deviation move [as it has done year-to-date] and investors are looking for vol [volatility] that’s building a base case for Bitcoin.

Lee is recognized in the community for his strong bullish sentiment even in the worst of times. In 2018, he predicted that BTC could end the year at 25k, then 22.5k, then 15k. After the BTC closed 2018 below 4k, the head of Fundstrat Global Advisors tweeted that he would not make more predictions about the price of the BTC.

Not So Fast Bullish Team, Not So Fast

Not everyone shares Tom Lee’s judgement; there are still many investors with a bearish view of the market. One of them is Tone Vays, who recently explained that it is very probable that this is a “Bull trap”.

“If the bull run was caused by a major whale purchase in the market, then it would never be sustainable in the long term.”

Tone Vays

Mr. Vays explained that the rise cannot be considered a bullish trend since it only lasted two days, and if it was provoked by a massive investment by a whale, it is possible that a correction will happen soon.

Vays explains that if the BTC falls below 4950 USD, the bearish streak could lead to new lows. The renowned trader recently commented that BTC could reach 1.3k in a highly pessimistic scenario.

“Right now that we have reached 5k, I’m trying to find the right opportunity to try to short the market once again because I do think we are going lower. I am still a bear in this market, and I still think that sub 3 thousand dollar prices are more likely than above ten thousand dollars at this point in time”

BTC is currently stable in the 5-5.1k band with a total capitalization of $ 89,238,923,035 and a token price of 5062 USD at the time of writing, according to data provided by coinpricewatch

The post BTC at 10k by late 2019, Tom Lee Predicts. Not So Fast, Tone Vays Says appeared first on Ethereum World News.

Posted on

Golden Opportunity to Invest in NEO as Predictions are Record Like

The bears have the clear saying above all in the second week of the 7th month of 2018. This Tuesday the red declining trend has taken the market as a whole. For some that are on the short term trading this might mean loss, but other that are longer in the game could find the movement as the best buying opportunity. Especially some altcoins that are taking heavy steps towards development.

NEO Opportunity to Step In

With the first half of the year gone, the crypto-verse both infrastructure and price wise has seen some drastic improvements and changes. Each team is trying their best to showcase their work potential.

See: Ethereum (ETH) Going Higher Security with the New Vyper Language Introduced

That is why in our opinion this time around could be the best to step in before the second part of the year hits hard. As the lead token BTC changed hands from $20,000 to $5,800 just a couple of days ago against the US Dollar, so did many altcoins drop.

During the bull run of late last year and early this year, NEO had peaked at levels of $187 on January 16th. The coin would continue holding its own against an ever dropping Bitcoin and also have a value of $144 in late February as the rest of the market was spiraling out of control. It bottomed at $27.00 seven days ago. However, with the potential seen last year, the rest of 2018 could be filled with new possibilities.

On July 4th, the platform commenced the election of a City of Zion consensus node into the NEO MainNetwork. The event has been named as the decentralization of its blockchain network.

City of Zion are an independent group made of translators, designers and developers with a global reach that have teamed up to back up NEO core and the network as a total.

For six months did the City of Zion ran on the network until it was made ready for election. According to the roadmap, the other ones are set for the end of 2018 to enter election:

  • First Concensus node – KPN – leading telecom firm in the Netherlands with 33 mil mobile subscribers in Germany, France, Netherlands and Spain;
  • Second Consensus node – In an announcement on the 5th of May, the NewEconoLabs (NEL) announced a partnership between NEO Global Capital (NGC) and Fenbushi Capital for Neo’s Name Service Project (NNS).