Altcoins News
By Maheen Hernandez
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Ethereum may be on track to outperform Bitcoin in the coming months, according to Galaxy Digital CEO Michael Novogratz.
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Currently trading near $3,618, Ethereum is just 8.5% below the $4,000 threshold. According to Novogratz, once ETH crosses that resistance, it will enter "price discovery" mode —…
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This optimistic forecast comes amid growing interest from major institutional players. Novogratz highlighted recent large-scale ETH acquisitions by Sharplink Gaming and BitMine…
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In addition, Ether Machine, a new firm preparing for a Nasdaq listing under the ticker “ETHM,” is expected to manage over 400,000 ETH worth more than $1.5 billion at start.
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“They are raising capital every day and buying Ether,” Novogratz noted. He sees these inflows as a significant factor contributing to Ethereum’s potential outperformance.
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Beyond institutional buying, Ethereum is also gaining strength against Bitcoin in market metrics. Over the past 30 days, the ETH/BTC ratio has climbed by 36.
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Despite favoring Ethereum’s short-term prospects, Novogratz still maintains a bullish view on Bitcoin.
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Still, Ethereum’s narrative appears to be gaining more momentum. Novogratz emphasized that ETH has a "really powerful" story, especially as it continues to evolve beyond just…
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Furthermore, Ethereum’s transition to proof-of-stake and its reduced issuance rate following the Merge have also contributed to its growing appeal.
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The weakening of fiat currencies like the yen, inflation concerns, and global economic uncertainty are all pushing institutions toward digital assets.
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While the crypto market remains volatile and speculative predictions should be taken with caution, Ethereum’s current trajectory is hard to ignore.
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As Novogratz puts it, the stage is set for Ethereum to not only test key resistance levels but to potentially reshape how institutional investors view digital assets beyond…
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