Investor Billionaire Novogratz said that Ethereum is on track to reach a record high

Mike Novogratz, the venture capitalist and former director of Fortress, believes that Ethereum is ready to hit record high prices in the n...

Mike Novogratz, the venture capitalist and former director of Fortress, believes that Ethereum is ready to hit record high prices in the near future.
"ETH seems ready for a new leap, there's a lot of good news about it," Novogratz said. The new innovations will be carried out by startups, including ConsenSys.Korea became the largest Ethereal market in the worldIn recent weeks, the daily trading volume of the Ether has increased significantly, mainly from the trading floor in Korea. After the Korean government issued a nationwide ban on domestic ICOs in October, the price of Ether and Ethereal demand fell for a short time.Since then, the Ethereum market in Korea has started to recover, accounting for more than 33% of the global exchange market Ethereum, overtaking the United States to become the world's leading Ethereal market.In the last 24 hours, the price of the Ether has risen nearly 8%, from $ 325 to $ 358.
Contrary to analysts' expectations in the industry, the successful implementation of Byzantium hard fork did not lead to a strong price increase and the price of the Ether only exceeded $ 300.However, the market has begun to be optimistic about the stability of the Ethereum network after the Byzantium hard fork.Significant advances have been made with on-chain and off-chain solutions such as Plasma, Sharding and Casper. Vitalik Buterin, a co-founder of Ethereum, revealed that some investors have questioned Buterin about whether the Ethereum Foundation intends to pursue the ICO for Sharding and Casper."There was one person who asked me if Casper and Sharding would be a new kind of coin, and if so would there be an ICO?" Said Buterin.Buterin has voiced anti-ICO open source projects, especially those that do not need specific tokens to work, according to a previous report from CCN.Investors and the market are very enthusiastic about solving Ethereum's projects and solutions, the recent price trend of the Ether has shown.Institutional investors will enter the Bitcoin market, is this a benefit for the aether?Coinbase CEO Brian Armstrong said earlier this week that it would be possible to invest $ 10 billion in the codified currency market after launching Coinbase Custody, a codified custody depository. for organizations and retail investors."According to some estimates, up to $ 10 billion are waiting on the sidelines to invest in coding currencies."Most institutional investors are planning to invest in Bitcoin by the end of 2017, when the CME Bitcoin Futures platform is launched. Man Group, a venture capital fund worth $ 95 billion, has announced plans to invest in Bitcoin.Tens of billions of dollars will be converted from traditional financial investment to Bitcoin in the coming weeks. Ether, the second-largest currency codec in the world, will also benefit from the increase and The focus of institutional investors is on this market.
Source: cryptocoinsnews
This article does not contain any investment advice or recommendations. Every step of the way involves the risk, you should carefully study your plan before making a decision.
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High Tech Brain: Investor Billionaire Novogratz said that Ethereum is on track to reach a record high
Investor Billionaire Novogratz said that Ethereum is on track to reach a record high
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