RATE Group | Cryptocurrencies: Are bitcoin, ethereum poised for another rally?
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Cryptocurrencies: Are bitcoin, ethereum poised for another rally?

26 Apr Cryptocurrencies: Are bitcoin, ethereum poised for another rally?

Posted at 18:20h in Ethereum News by

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The rally in bitcoin last fall led some investors to wish they had bought into the cryptocurrency even as economists and business leaders cautioned that it would crash.

Since bitcoin peaked in December at almost $20,000, prices collapsed, with the crytocurrency falling to less than $7,000. It has since started to recover since plunging into a bear market – fetching around $9,000 Wednesday. The other digital currencies including ethereum have behaved in a similar fashion, leading to a question: Is now the time to buy?

One financial company CEO thinks so, thinking that the prospect of regulation may make cryptocurrencies desirable to investors. But he stresses that investors should exercise caution.

Current market activity indicates that cryptocurrencies are set for “another considerable surge in prices gains” in the near future and ethereum’s price could reach $2,500 by the end of the year, Nigel Green, the founder and CEO of deVere Group, said in commentary. He added that…

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