Cryptocurrency markets have been on a rise since last week, gaining over $40 billion in market capitalization. Ethereum has nearly doubled in price from its previous level of $80, currently trading at $147. Is the crypto bottom really over? Ethereum’s Co-Founder thinks it is.
Joseph Lubin officially called the 2018 bottom on December 21st on twitter:
I am calling the cryptobottom of 2018.
The early history of ethereum was up for discussion at an event debuting a new Quartz video series highlighting the potential of blockchain this week.
There, Quartz editor-in-chief Kevin Delaney asked one of the protocol's co-inventors, Joseph Lubin: When ether first went on the open market in 2015, "Was that technically an ICO?"
Perhaps a nod to the increasing scrutiny around the funding model, which has raised more than $2 billion for early-stage projects, Lubin dodged the question.