As ’s market cap has broken the $100 billion mark for the first time in almost 6 months and the price is nearing $6,000, I wanted to share some expert in response to the recent upswing.
Vaibhav Kadikar, Founder & CEO, , a decentralised prediction market platform, said,
“It’s going to be a hot summer. eclipsing the $100 billion market cap, for the first time since November last year, is a fantastic indicator of the of and a sure sign of great things to come. While momentum drives the price of , I wouldn’t be surprised if we get to at least the 10k level before the year-end.”
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Alessandro Papadopoulos, Head of Strategic Projects at, the payment solution offering instant transactions, buyer protection, and crypto-to-cash settlements, said,
“For the first time since November 2018, has managed to surpass the $100B market cap. A bullish sentiment, increasing interest from the public at large, solid volume and strong price action have helped to drive $ to a new high in 2019.
The most interesting part about this recent surge is that and the crypto market cap, in general, are going up despite the about Tether and Bitfinex. This goes to demonstrates that the market is becoming increasingly more mature and might be the reassurance needed for more institutional money to flow into the market. That being said, past experience has taught us that when everyone is overly bullish, the bears usually come out to play”
Matthew Finestone, Director, Business Development at, the open-source protocol for building decentralized exchanges, said,
“It’s nice to see once again break $100bln in market cap – an important psychological level. As the first time it’s crossing this threshold in 2019, it’s given the market some reassurance that crypto winter is thawing. It’s especially exciting because I have the feeling that once it pushes a bit higher from here and creates some distance from $100bln, it may never be a sub $100bln asset again.
I’m personally very bullish on the ‘blue-chip’ like and ETH. It’s instructive to note that while we cheer passing the $100bln mark, Apple is sitting with $225bln in cash in their accounts. A strong reminder that , and indeed the whole asset class, is still so young.”
Matthew Branton, Chief Technology Officer of, and architect of Neutral Dollar, said:
“The increase in ’s market cap is a significant indicator of the market’s appetite for growth this year. Such as at the end of April, experienced it’s biggest monthly gain this year, up to 28% in . These points of growth have been frequent in 2019, with significant peaks in January and April, culminating in the rise we’ve seen over the past few days. As such, these market gains for may be evidence that the space is maturing after a particularly tremulous 2018.”
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Published at Wed, 08 May 2019 11:43:38 +0000
