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Cryptocurrency News Articles

Ethereum (ETH) Price Prediction 2024-2025: ETH Expected To Hit $6200 Amid Secondary Bull Run

Dec 12, 2024 at 11:00 am

Ethereum has drawn attention for its price trajectory, with some analysts forecasting a $6,200 high amid a secondary bull run. This bullish sentiment is

Ethereum (ETH) Price Prediction 2024-2025: ETH Expected To Hit $6200 Amid Secondary Bull Run

Amidst a secondary bull run, several cryptocurrencies are experiencing significant price surges, fueled by positive market sentiment. Leading the pack is Ethereum, which has soared to above $4,000 in a striking rally. This price increase, marking a 10% rise over the past week, brings Ethereum to its highest level since March 2024.

This price surge is complemented by heavy inflows into Ethereum-based spot exchange-traded funds (ETFs), with ten consecutive days of positive inflows. On December 6, $83.3 million was added to these ETFs, bringing the total weekly inflow to an impressive $836.7 million. Notably, Fidelity's Ethereum Fund (FETH) contributed a significant $47.9 million to this surging demand.

As the dust settles from the US election and markets adjust to the pro-business policies and potential deregulation, we observe a positive shift in investor sentiment towards DeFi tokens. This optimism is driving up the appeal and demand for these tokens, leading to price surges and a thriving market for digital assets.

Among the top performers is Curve DAO, which experienced a 109% price surge. Being the first platform to offer liquidity solutions through automated market makers in 2020, Curve DAO is governed by CRV token holders, who play a crucial role in driving innovation and ecosystem growth.

This price surge is largely attributed to the bullish market following Trump’s unexpected electoral victory, which has boosted the demand for CRV tokens. Curve DAO's partnership with BlackRock might elevate it into the top 50 or even top 30 tokens. Moreover, trading activity has also seen a surge of 73% to reach $1.1billion, indicating high confidence from investors. According to analysts, Curve DAO might soon test and cross the $2 resistance level.

While Curve DAO is experiencing a magnificent rally, another platform is making waves in the crypto space with its innovative trading solutions. Lunex Network connects isolated blockchains, enabling nearly instant swaps across 50,000 assets. This next-generation protocol is designed to redefine the trading experience by offering advanced tools and a wide range of assets in one place.

To encourage long-term holding and reward loyalty, Lunex Network offers $LNEX token holders up to 18% APY through staking rewards. To sustain this model, a portion of Lunex Network's weekly earnings will be used to buy back $LNEX tokens on the open market. These tokens will be partially redistributed as staking rewards, while the rest will be burned to maintain stability and drive healthy price action.

This platform also boasts a portfolio tracker app that helps users monitor positions across multiple asset classes, a premium subscription service (Lunex Pro) with advanced trading tools and cashback bonuses, and an all-in-one DeFi wallet where investors can store, buy, swap, and stake crypto with cutting-edge encryption.

Moreover, businesses can utilize Lunex Network's B2B payment gateway API to accept cryptocurrency payments and convert them to fiat money. This solution positions Lunex Network as a practical and scalable option for business adoption.

Currently, in its presale phase, Lunex Network has already raised nearly $5 Million with growing demand. Priced at $0.0044, $LNEX tokens present an excellent opportunity for investors, with multiple price hikes planned in the coming weeks.

News source:bitcoinist.com

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Other articles published on Dec 12, 2024