Mike Novogratz, the billionaire hedge fund investor and former executive at Fortress, believes Ether, the native cryptocurrency of Ethereum, is poised to achieve new all-time highs in the short-term.
Over the past few weeks, the daily trading volume of Ether has increased substantially, primarily led by the South Korean cryptocurrency exchange market. Subsequent to the South Korean government’s imposition of a nationwide ban on domestic initial coin offerings (ICO) in October, the price of Ether and the demand for Ethereum decreased in South Korea for a brief period.
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