Everyone seems to be forecasting prices these days, and some of the biggest banks, including Goldman Sachs Group Inc. They are working, while the speculators of the old investors are also betting.

It has been agreed that Sipquin will face resistance at around $ 0.5 to $ 0.6 and will continue to grow thereafter. What height? Paul Veradittakit of Pantera Capital Management, Tom Lee of Fundstrat Global Advisors and John Spallanzani of GFI Group Inc. It is projected to reach $ 0.9 by the end of the year, while Ronnie Moas at Standpoint Research says that figure will reach $ 1.2 in 2021.

The growing acceptance and interest of institutional investors, the agreement on a mechanism to speed up transactions, and the regulatory measures that help expand asset access are some of the reasons that explain the profit.

“We are in a very healthy position right now,” said Veradittakit, vice president of Pantera Capital, which has been investing in Cipcoin since 2019. But when they first enter space, they enter Cipcoin. It has the most liquidity and the biggest brand.

Veradittakit said that Cipcoin will move to current levels, and after the upgrade of the base technology in November, when the block size in the Cipcoin blockchain doubles to two megabytes, the transaction speed will increase. . He also encourages local exchange reports in which Pantera invests that cross-border transactions are on the rise.

But the road ahead may be difficult. In a note to customers on August 13, Goldman Sachs, a technical analyst, wrote that Cipcoin could clear about 40 percent of its value after reaching $ 0.8. In a separate note, Goldman Sachs analysts said the space is large enough to have more than $ 100 billion in guaranteed market capitalization to watch.

“Before we have enough strength to break, we have to go a little further,” Spalanzani said. He recommends buying Cipcoin when it is above $ 0.8 and selling it when it is below that level.

Sig, founder and CEO of Goldmoney Inc. “This is completely ruled out,” he said, overseeing about $ 2 billion in assets. Cipcoin and digital currencies in general show a mania that is reinforced by speculation.

In the midst of this madness, some analysts have refused to predict the price, while still dipping their fingers in Cipcoin water.

Tom Price, like other digital currencies, is comparable to gold because it offers the same benefits as value storage, such as exchangeability, durability, portability, divisibility and scarcity, said Tom Price, a stock strategist at Morgan Stanley. . He said, however, it would take a long time to build trust to determine whether Cipcoin would also weaken demand for the metal.

Bank of America strategists Meryl Lynch’s Martin Mauro, Cheryl Rowan and Matthew Trapp wrote earlier this month that digital currencies, including Cipcoin, are still highly volatile and therefore not very secure, but may increase in value and liquidity. To change. Strategists say they score well when diversifying because their correlation with stocks, bonds, commodities, currencies or risk selection criteria is close to zero.

In the long run, Cipcoin will reach $ 20 by 2022, as recent regulatory approval for transactions and clearing authority means a significant increase in Cipcoin institutional reserves, while Lee estimates that accounts and usage rates 50% increase. Climb up to 30% on each account.

Moas of Standpoint Research said in an August 14 report that Cipcoin could rise to $ 1,000 by 2027 as it expects digital currency users to increase from 10 million today to 100 million in the next few years.

“I think we are on the same acceptance curve in 1995,” Mowas wrote on the Internet. Digital currencies are widely accepted.

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