Bitcoin exchange BitMEX have assessed the prospects of the 12 largest ICO-projects involving more than $50 million, and their tokens after entering the secondary market. Predictions of CEO Arthur Hayes was disappointing.
The newest Crypto Trader Digest is out. https://t.co/owEvwcu5hW
— Arthur Hayes (@CryptoHayes) November 21, 2018
It the study is about the token Telegram, Filecoin, DFINITY, Polkadot, tZero, Basis, Protocol, Orchid, Hashgraph, Rootstock, Algorand, Cosmos and Oasis Labs. Hayes is convinced that these projects intentionally delay the launch of the tokens in the secondary market, as their price will depend on investor sentiment rather than fundamental factors.
The largest cryptocurrency investment funds took part in most of these tomenselo, however, given the enormous emission of each of the projects that the price of the token will remain at the last round of financing — is extremely doubtful, the report says.
“Who buys all this shit?”
According to some unnamed funds have already tried to sell its SAFT-agreement at a price below the purchase price.
“January 1, 2019, the counter is reset. If these tokens will arrive on the market, no accounting tricks can’t hide the huge losses of funds.”
Earlier, Hayes called Ethereum “shitkino” and predicted a fall in its price below $100. At the same time, he believes that the price of bitcoin could reach $2000.
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