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.
"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.
