Michael Novugratz, CEO of Galaxy Digital, says the rapidly growing institutional interest in ETHEREUM can lead to shock in the show and put the ether for Bitcoin’s superiority in the next six months.
“There is not a lot of offer from ETH, so I think ETH may have a chance to outperform Bitcoin in the three months to the next six”, Novogratz He said CNBC on Thursday.
Atheer “at least estimated to strike” at $ 4000
He said: “If ETH takes $ 4000, it is about discovering prices,” referring to a level representing an approximate leap by 8.5 % of the ether (EthThe current price of $ 3,618, According to To Nansen.
He said: “We feel that we are at least a kind of eliminating the roof of $ 4,000 several times.”
Novogratz also pointed to the really “strong” narration. He pointed out that two main companies – Sharplink Gaming and BitMine Gymersion Technologies – recently bought large quantities of ETH.
On Thursday, a portrait I mentioned 566,776 ETH (about $ 2.03 billion) held, while the total of Sharplink holdings 360,807 ETH (about $ 1.29 billion).
At the same time, another company, the ether machine, Plans to include on the Nasdak Stock Exchange Under the Ticker “Ethm”, with more than 400000 ETH, with a value of more than $ 1.5 billion under management at launch.
Novogratz does not see the purchase slowing.
“They raise the capital every day and buy the ether,” he said. Arthur Hayes, one of the other analysts, co -founder of Bitmex on Tuesday This ether can reach $ 10,000 By the end of the year.
On the charts, the ether actually shows signs of superior performance against Bitcoin. The relative power of the original against bitcoin (BTCIt has increased, an increase of 36.53 % over the past thirty days, According to To the percentage of Tradingvief Eth/BTC.
However, Novoghatz still sees more bullish trend of Bitcoin in the short term.
“The estimated to go to the top,” says Novogratz Bitcoin.
Novogratz said the price of $ 150,000 Bitcoin “looks only a decent goal when I draw funny lines on my plans.”
He added: “It seems as if we are able to rise, as long as this novel continues.”
Related to: Ethereum analysts see “more upward trend” as the ETH price restores $ 3.6 thousand
Meanwhile, bitfinex analysts He said In the market report on Wednesday that in the event of the bullish trend of Bitcoin, the next main goal will be 136,000 dollars, although it may indicate a local summit.
Analysts said: “This level historically represents excessive upward conditions, and it often coincides with the morale of the market of euphoria and the location of the peak.”
However, Novoghatz warned that if US President Donald Trump was “changing his opinion” and decided that the country “does not need lower prices”, which could change his outlook.
“This would change my thesis, but until that happens, I think we are heading to 150,” he said.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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