Tom Lee: 2018 could be the year of the "Great Cryptocurrency Rotation"

in #cnbc7 years ago

Co-founder of Fundstrat Global Advisors Tom Lee said that this year will be "a story about the Great Rotation of Digital Currency".

According to him, over the course of four years, many small crypto-currencies or altkoks with a market capitalization of up to $ 3 billion grew by more than 300%, which proves the existence of a rotational trend.

Tom Lee: in 2018 the cryptology is waiting for rotation.

He said that usually such a picture marks a peak, after which tokens occupy more significant positions in the market.

Li noted that for this month 78% of small crypto-currencies, including RaiBlocks, Stellar, NEO, Ripple and Ethereum, rose by at least 300% in three months. This already allows you to see which of them can enter the top 10 tokens.

The investor stressed that the rotation of the digital currency allows investors who did not have time to invest in Bitcoin and other large currencies to invest in other assets with growth potential, CNBC reports.

Earlier, Tom Lee said that Bitcoin already by the end of this year will cost $ 25,000, and advised to buy it now, until the cost again rose.

#TomLi #CNBC # bitcoin #bitcoin # bitcoin # crypto currency #bitcoinnews #Ethereum #Ripple #NEO #Stellar

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This can actually be seen from the small cryptos like ripple and litecoin which has gained more value now. Its time to invest in the alt-coin before they also rise in prices and cause a barrier to investiment for some people.

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