Mike Novogratz, Billionaire Investor: Ethereum On Route to New All-Time Highs

Novogratz Mike The billionaire hedge fund investor and former executive at Fortress / Ether, the native cryptocurrency of Ethereum, is poised to achieve new all-time highs in the short-term!

“ETH looks poised for a move to new highs. Lots of good news on the horizon,” said Novogratz..

South Korea Takes Over as Largest Ethereum Market

Over the past few weeks, the daily trading volume of Ether has increased substantially, primarily led by the South Korean cryptocurrency exchange market.

The price of Ethereum decreased in South Korea for a brief period.

Since then, the South Korean Ethereum exchange market has recovered, accounting for over 33 percent of the global Ethereum exchange market share.

In a 24-hour span, the price of Ether surged by nearly 8 percent, from $325 to $358.

The market has started to demonstrate optimism towards the network stability of Ethereum after the Byzantium hard fork, and significant progress being made with both on-chain and off-chain scaling solutions such as Plasma, sharding, and Casper.

“I just had another person ask me if Casper and sharding will be a new coin and if so will there be an ICO. This makes me cry,” said Buterin.