Tom Lee: It Is The High Time To Buy Altcoins 252

Tom Lee: It Is The High Time To Buy Altcoins

Tom Lee, Wall Street analyst and co-founder of Fundstrat Global Advisors, believed for a long time that Bitcoin had brilliant perspectives. However, recently he claimed that it was the high time to buy altcoins.

Speaking on CNBC Fast Money, Lee said:

“We think that 2018 will be the year of higher prices for many coins. But it will apply to small altcoins and tokens of the major platforms”.

Tokens such as Ripple, Cardano, Lumens, IOTA and XEM in recent years has grown significantly, and Lee believes that the profit generated by the token small-cap reaches the same heights as with the large coins of the TOP-10:

“This usually means the peak, and then we begin to see how the tokens increase to large caps”.

In August, 2017 Mr.Lee was one hundred percent sure that at the end of 2017 Bitcoin rate would exceed 6 000 dollars but his prediction didn’t prove true. Bitcoin rate reached 10 000 at the late November of 2017.

His prognosis is based on the steady rate growth in the first quarter of 2018. Tom Lee supposes that Bitcoin rate can surpass maximum limits of the previous year and its rate can exceed 25 000 dollars till the end of 2018.

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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