Mike Novogratz of Galaxy Digital: Ethereum (ETH) Looks Likely To Go A Lot Higher
AI Trading

Mike Novogratz of Galaxy Digital has joined a number of industry experts to make his prediction regarding the likely trend of the second-largest cryptocurrency by market cap, Ethereum (ETH).

As it’s widely known that Ethereum recently printed a significant price uptrend to record a new price all-time high of over $1,450.

At the time of publication, Ethereum (ETH) is trading at $1,414.81, with a relatively 8% price uptrend in the last 24 hours.

Read Also: With a 14,900% Gain, Early Ethereum Investor Sells All His ETH to Buy His Parents a House

AI Trading

Mike Novogratz Says $2,600 Is Next For Ethereum (ETH)

A few hours ago, Industry expert, Mike Novogratz tweeted about a lunch meet up with a co-expert in the crypto industry, Joseph Lubin, the co-founder of Ethereum (ETH). There, he predicted that the next target for the cryptocurrency is $2,600.

Mike Novogratz tweeted, “I had lunch with Joseph Lubin today. Always makes me want to buy more eth. Nice start to the week. Chart targets 2600.”

As expected, the prediction sparked off the old tirade of crypto tribalism from maximalists, especially, the stern Bitcoin maxis.

The fact that the current momentum in the market is favoring Ethereum (ETH) is an indication that the digital asset is poised to print a favorable performance this year. How high it would rise remains to be seen.

Over $4 Billion Ethereum (ETH) Staked

At current prices, there is now over $4 billion worth of ETH locked in the Ethereum 2.0 deposit contract. This whopping amount of ETH is expected to remain locked up for at least another year.

Read Also: Bullish: Ethereum (ETH) Exchange Supply Ratio Hits Lowest Since 2018

According to the report by ETH 2.0 Launchpad, the sum in ETH is around 2.82 million, which is almost 2.5% of Ethereum’s total supply.

Currently, earnings are roughly 9.3% APY, which is an impressive return for those that have staked their assets, coupled with the fact that ETH has surged by about 140% since the launch of Ethereum 2.0’s Beacon Chain about two months ago.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.