1 Popular Cryptocurrency to Buy Before It Soars by 9,159%, According to Bitmine's Tom Lee
Lee thinks tailwinds like tokenization and artificial intelligence could spark an incredible rally in the Ether cryptocurrency.
Overview
Cryptocurrencies are experiencing a broad rally right now, but most of the industry's major coins are still down significantly from their all-time highs. Ethereum's native cryptocurrency, Ether (CRYPTO: ETH), is trading for almost $2,700 (as of Sept. 25), which is still 46% below last year's peak of $4,846.
But Tom Lee, Wall Street analyst and chairman of Bitmine Immersion Technologies (NYSE: BMNR), thinks investors should consider buying Ether. While speaking at the Proof of Talk conference back in June, he highlighted a series of tailwinds that could spark a rally to $250,000 per coin, representing an eye-popping 9,159% gain from its current price. He didn't provide a timeframe for his forecast, but will it ever become a reality?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.