ETHEREUM has been hailed as the next big cryptocurrency and some analysts are predicting it could be poised to overtake bitcoin as the world’s leading virtual currency.
Billionaire ex-hedge fund manager Michael Novogratz, who revealed this year that 20 per cent of his net worth was in bitcoin and ethereum, told Bloomberg: “Just in the last few days ethereum has started to move, and I actually think it’s going to put a new high soon.
“I think we end the year at close to $500 in ethereum. There’s a lot of positive things happening in the ethereum ecosystem.”
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