Ethereum, Skyren, and XRP Gain Major Attention as Meme Coin Traders Rotate Profits to Coins with Utility and Growth Potential

With meme coin traders in profit after a recent spike, data suggest they are rotating to coins with utility and growth potential. Among these, Ethereum, Skyren, and XRP have gained major attention.

Meme coin traders are reportedly shifting their profits to cryptocurrencies with more utility and growth potential, and several coins are emerging as top contenders. Among them, Ethereum, Skyren, and XRP have garnered notable attention.

Ethereum Price Analysis

After a recent surge, the Ethereum price encountered resistance at key levels but managed to maintain a short-term positive zone. Surging past $3,240, ETH climbed above $3,300, $3,320, and $3,350, continuing its upward trend.

From there, the crypto pressed on to test the $3,480 zone, reaching a high of $3,473 before a minor correction brought its price below the 23.6% Fib retracement level of the upward move from $2,912 to $3,473.

Currently, ETH trades above $3,280 and the 100-hour Simple Moving Average. Moving up, the price faces immediate resistance at $3,400, followed by stronger barriers at $3,420 and $3,480.

A decisive breakout above $3,480 could see Ethereum heading toward the $3,550 resistance, continuing its bullish trajectory.

XRP sees fresh surge

In the past week, XRP managed to climb over 40% as interest from retail traders reached new highs. This surge in interest was evident in Google Trends data, where searches for XRP surpassed those for Bitcoin.

Currently trading at $3.32 with a market cap above $190 billion, XRP is approaching the all-time high of $3.84 set in 2018.

This bullish momentum is driven by speculation of a favorable outcome in Ripple’s legal battle with the SEC. Investors are optimistic about potential shifts in the regulatory landscape as President-elect Donald Trump enters the White House and SEC Chair Gary Gensler steps down.

Skyren to revolutionize crypto airdrops

In the crypto investment space, Skyren is gaining attention for its unique value proposition. This new DeFi platform aims to make the process of identifying, qualifying, and earning from crypto airdrops easier for investors.

Through its technology, Skyren will scan the entire blockchain ecosystem to identify crypto airdrops with potential for massive value for SKYRN token holders. The platform will then provide real-time updates to ensure that its users never miss these lucrative opportunities.

Crucially, decisions on which crypto airdrop projects to follow will be made by the Skyren DAO. Together, SKYRN holders will also vote on the allocation of resources and receive the rewards based on the number of SKYRN tokens they hold.

Furthermore, the Skyren ecosystem will feature an education center to guide users in non-liquidity crypto airdrops. The center will break down the qualifications and provide step-by-step instructions on how to perform the required tasks, enabling members to quickly understand and participate in the airdrops.

For this purpose, the Skyren project has allocated 142,500,000 SKYRN tokens from the limited supply of 190,000,000 for a presale. This is intended to give early believers an opportunity to secure tokens at a discounted rate before their official market launch.

Divided into multiple phases, the presale offers 10 million SKYRN tokens at just $0.02 each in the first phase. Additionally, early participants will benefit from weekly staking rewards.

These rewards will be automatically added to their Skyren accounts, ensuring that investors can watch their earnings grow without any hassle. For the security of investors’ assets, Skyren has undergone rigorous security audits, further demonstrating its commitment to success.

With meme coin traders rotating their profits to cryptos with utility and higher long-term potential, Ethereum, Skyren, and XRP are set to gain significant investments.

To learn more about Skyren:

Website: https://skyren.io/

Telegram: https://t.me/SkyrenDAO

X: https://x.com/Skyren_Official

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