Cryptocurrencies
Crypto Bull Thomas Lee Says Ethereum Is Poised for a Big Rally
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Things may be looking up for Ether, the second most popular digital coin, according to cryptocurrency advocate Thomas Lee.
The token, which has suffered a severe sell-off this year as investors retreated from the virtual-asset market, is about to bounce back, Lee wrote in a note to clients Thursday. Ether has lost half of its value in the past three months and has underperformed large-cap coins by two standard deviations, which could signal that it’s time for a rebound, he said.