17 Airdrop Events in December 2024 and Telegram Game Listings, Maximize Your Benefits!

17 Airdrop Events in December 2024 and Telegram Game Listings, Maximize Your Benefits!

Discover 17 exciting airdrop events happening in December 2024, including GOATS, Uniswap, Sonic Lab, MemeFi, and more. Learn how to participate and maximize your crypto earnings with millions of tokens and USDT prizes. Don’t miss out—start claiming your rewards today!

Getting maximum benefits in the crypto ecosystem is easy, one way is to participate in airdrop events. For you Airdrop Hunters, this article is written especially for you. It will explain about 17 airdrop events in December 2024 that you can participate in and maximize your profits.

Read this article until the end to find out the requirements for participating in the GOATS, Uniswap, Sonic Lab, MemeFi, Tomarket, and other airdrops with prizes of millions of crypto tokens.

1. GOATS Airdrop

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At the end of November, the official GOAT account on Twitter announced that it would be listed on December 5, 2024. This listing schedule coincides with the airdrop event, which has been running since November 30 and will end on December 19, 2024. The prizes offered are 8,000,000 GOAT tokens and 70,000 USDT.

2. Avax Airdrop by Bitrue

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Prizes of up to $30,000 USDT can be won at the “Trade AVAX Futuresairdrop event from Bitrue. You can trade AVAX futures to get USDT bonuses directly. 

New and existing Bitrue users can participate in this event because it includes three airdrop activities: new user benefits, an AVAX futures trading competition, and an invitation to new traders to trade AVAX. This Bitrue airdrop event will run until December 9, 2024.

3. Uniswap Labs Airdrop

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Uniswap Labs is launching a bug bounty program to improve the program into a more mature program later. You can participate in this bug bounty event by checking the Uniswap V.4 contract, which you can find in the Uniswap GitHub repository, and then participating in the airdrop event on the Uniswap blog with the description V4 Bug Bounty.

For this event, Uniswap is providing prizes of up to $ 15.5 million USD and is claimed to be the largest prize in DeFi history.

4. WAM Airdrop

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You will compete for prizes of up to 1,000,000,000 WAM tokens for the airdrop event hosted by Wam. This event is a game tournament from the WAM play-to-earn platform where the combination of blockchain, AI, and games is available it.

To join, you can access wam.app which can be downloaded by iOS to Android, and then play arcade games in it.

5. GameFi Carnival Airdrop

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The next airdrop event comes from the global crypto exchange, Bitrue, which is holding an airdrop eventGameFi Carnival Airdrop. You have the chance to get $10,000 USDT. 

This event can be followed by all Bitrue users, both existing users and new users in the period from November 26 to December 10.

6. Sonic Labs Airdrop

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Sonic Labs is offering up to 200,000,000 $S tokens for this airdrop event. You can directly visit the Sonic Arcade Airdrop page on soniclabs.com and connect to your wallet to add the Sonic testnet. Later, you will immediately get 429 $TOKEN from the faucet by joining the game up to 20 times a day to collect lots of points.

7. Mega XRP & USDT Airdrop Event

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Who doesn’t want to get XRP and USDT tokens for free? Bitrue allows you to get both tokens for free in the Mega XRP & USDT Airdrop Event. This airdrop event will be held on November 29 and ends on December 13, 2024.

There will be 2 contests in this airdrop event: Deposit Rewards and Trading Rewards with a raffle ticket system. The prizes provided are 2,000,000 XRP tokens and 200,000 USDT tokens.

8. Monad Airdrop

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Monad Airdrop is held on monad.xyz by giving away $MONAD tokens. This Ethereum Layer 1 Blockchain requires participants to follow Monad’s social media on Twitter and Discord and then explore the accelerator program with the documentation available on the website.

9. MemeFi Airdrop

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This Telegram game that just launched its token is holding an airdrop event on the memefi.club website. This airdrop event provides a prize of 50,000 $MEMEFI tokens through a referral system.

You can access this play to earn game from the Sui blockchain on the Telegram bot, then complete various tasks and connect your Sui wallet.

10. The Sandbox Airdrop

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If you want to join The Sandbox airdrop event, you can directly contact the website sandboc.game/en/. There, you will get the chance to win $SAND token prizes as well as exclusive NFTs.

The requirements are very easy, you can immediately install the Sandbox Game Client to access the metaverse and then complete the available quests.

11. Tomarket Airdrop and Listing Date

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This December airdrop event coincides with the launch of the Telegram Tomarket game token. Officially, Tomarket announced the launch of its token on December 20, 2024. 

As is the usual practice for listing Telegram game tokens in general, Tomarket is certain to also hold a TOMA token airdrop on a date close to the token listing.

12. Vertus TGE & Airdrop

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In the Vertus community group on Telegram, Vertus officially announced that it will hold a TGE on December 27, 2024 on 5 leading crypto exchanges. On the TGE schedule, rewards will also be distributed to Vertus players and the community to get $VERT tokens. So, make sure you play Vertus more often so that you have more opportunities to get VERT tokens.

13. WCoin Airdrop and Listing Date

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WCoin is reported to be listing its token in December. However, the official date has not been confirmed so you still have plenty of time to continue playing the tap-to-earn game so you have a chance to get a bigger airdrop.

14. Time Farm Airdrop & TGE Launch

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According to Time Farm’s plan, this Telegram game will launch the $SECOND token in Q4 2024. It is estimated to happen in mid-December, but the official date has not been announced so you can be more diligent in playing Time Farm to announce more coins that can be exchanged for $SECOND tokens when the airdrop event is launched.

15. Blum TGE and Airdrop Event

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Blum is confirmed to list the BLUM token in December 2024. The official date has not been announced, but the certainty of the airdrop event at the end of the year will happen because the Blum roadmap project is explained to launch the product in Q3-Q4 2024.

16. Seed Airdrop & TGE Plan

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After the rumor of a listing in November was refuted, it was reported that SEED would launch its token in December 2024. However, Seed has not yet confirmed the official date. If the Seed token listing happens in December, then the SEED airdrop event will also be held this month.

While waiting for certain information, you can continue playing the Seed game on Telegram and collect more points for a chance to get more airdrops.

17. Bird Ton TGE & Airdrop Event

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In its official Twitter account, @BirdTonGame, Bird Ton announced the token listing schedule on December 26, 2024. Along with the listing date, the $BIRD token will also be distributed in the form of an airdrop for Bird Ton players and the community.

The steps for launching to the airdrop event are being prepared by Bird Ton and you can be more diligent in playing Bird Ton on Telegram to get more $BIRD tokens.

Conclusion

Those are 17 airdrop events in December 2024 that you can join. The more you join airdrop events, the more you can get free crypto tokens so you can get more money.

If you want to get the latest news from the crypto ecosystem, you can directly access the Bitrue website and get information for free.

This Press Release has also been published on VRITIMES

Bitcoin Dominance Wanes, Altcoins Rise: XRP Takes the Spotlight

Bitcoin Dominance Wanes, Altcoins Rise: XRP Takes the Spotlight

Explore the impact of Bitcoin dominance dropping to 56.1%, signaling the start of altseason. Discover why altcoins like XRP and Ether are rallying, with XRP projected to hit $2.57 and Ether poised for a $4,000 surge by early 2025. Analyze key drivers, Bitcoin halving effects, ETF potentials, and market trends shaping the crypto landscape.

Bitcoin dominance, a critical indicator in the cryptocurrency market, has recently shown significant signs for altcoin investors. Its decline signals the beginning of altseason, creating opportunities for altcoins like XRP and Ether to rally as 2024 comes to a close and 2025 begins.

This article explores Bitcoin dominance, the concept of altseason, and the potential for altcoins to attract investor interest.

What is Bitcoin Dominance and Altseason?

Bitcoin dominance measures the percentage of Bitcoin’s market capitalization compared to the total cryptocurrency market. A drop in Bitcoin dominance often signals the start of an altseason, a period where altcoins outperform Bitcoin.

Bitcoin dominance has fallen to 56.60%, breaching its two-year support line. This shift suggests that the market has officially entered altseason, where smaller cryptocurrencies gain traction and value.

Source: TradingView

The decline in Bitcoin dominance typically occurs as investors take profits from their Bitcoin positions and reallocate funds to altcoins with higher growth potential. This flow of capital from Bitcoin to other assets provides increased liquidity and demand, propelling altcoins to new highs.

BTC Price Today

BTC Price on Bitrue Market

As of this writing on December 2, 2024,  BTC price has decreased by 0.5% to trade at $95,990 with its highest price being $98,130 in the last 24 hours. the prediction of Bitcoin price reaching $100,000 could be achieved before 2025.

However, when Bitcoin dominance continues to decline and is replaced by Altseason, the dream of BTC price of $100K will have to wait longer.

Should you buy Bitcoin now when dominance and price are decreasing? You can do more research on whether Bitcoin will really experience a correction and the prediction of Altcoin Season will really come. Check the Bitcoin price and convert the BTC price to USD so you can find out your budget in more detail.

XRP: A Top Contender in Altseason

XRP Price on BItrue Market

While BTC experienced a price drop, XRP price experienced a significant increase of up to 30%. Currently, XRP is trading at $ 2.4374 with an RSI value reaching more than 86 and is considered to be at the overbought point. The MACD line has increased drastically and shows signs of bullishness coming soon.

Among the altcoins expected to benefit from this trend, XRP stands out. As the world’s sixth-largest cryptocurrency, XRP is projected to see significant gains throughout the season. Ryan Lee, Chief Analyst at Bitget Research, predicts that XRP could reach $2.57 by December 2024. 

Key Drivers for XRP’s Price Surge

1. Bitcoin Halving Effect: Historically, XRP has shown significant growth approximately 228 days after a Bitcoin halving event. With the most recent halving in 2024, XRP is positioned for a strong rally as the year ends.

2. Potential XRP ETF Approval: The filing for an XRP ETF by asset manager 21Shares with the U.S. Securities and Exchange Commission (SEC) could act as a major price catalyst. If approved, this ETF would enhance institutional trust and adoption of XRP.

3. Regulatory Changes: The anticipated departure of SEC Chair Gary Gensler in January 2025 is expected to bring more crypto-friendly regulations, potentially boosting XRP and other cryptocurrencies.

Ethereum: Another Rising Star

Ethereum (ETH), another major altcoin, is also drawing significant attention. Following Donald Trump’s victory in the 2024 U.S. presidential election, demand for leveraged Ethereum exchange-traded funds (ETFs) surged by over 160%. Analysts expect Ether to surpass $4,000 ahead of Trump’s inauguration in January 2025.

The increased interest in Ether ETFs signals strong institutional confidence in its long-term potential. Market optimism surrounding Trump’s inauguration and potential policy shifts could bolster investor risk appetite, benefiting Ether and other altcoins.

ETH Price on Bitrue Market

Currently, price of ETH is $3,658 with a decrease of 1.28%. Reaching the price of $4,000 does look quite difficult because the price of ETH often follows the price of BTC. However, the RSI value and MACD line are still above average, ETH’s optimism towards the resistance price remains high.

Key Milestones in January 2025

The first month of 2025 is expected to be pivotal for the cryptocurrency market due to several significant events:

1. Trump’s Presidential Inauguration: Likely to boost market confidence and risk-on sentiment.

2. SEC Chair Gensler’s Resignation: This could accelerate the approval of crypto-based ETFs and foster a more favorable regulatory environment.

3. Post-Bitcoin Halving Effects: Historically, Bitcoin halvings have a delayed impact, creating ripple effects for altcoins like XRP and Ether.

Conclusion

The decline in Bitcoin dominance marks the beginning of altseason, offering substantial growth potential for altcoins like XRP and Ether. With XRP expected to reach $2.57 by December 2024 and Ether potentially crossing $4,000 by early 2025, the coming months could be highly rewarding for cryptocurrency investors.

However, as with any investment, the cryptocurrency market remains highly volatile. Investors should conduct thorough research and implement risk management strategies to navigate the complexities of this evolving space.

This Press Release has also been published on VRITIMES

Understanding Bitcoin’s Volatility: What’s Happening in the Crypto Market?

Understanding Bitcoin’s Volatility: What’s Happening in the Crypto Market?

Explore Bitcoin’s recent volatility, key levels, and market dynamics as it approaches $100,000. Learn why the crypto market is down, the role of liquidations, and opportunities in altcoins like CatSlap. Stay informed and navigate the trends confidently!

The cryptocurrency market has once again found itself in the spotlight as Bitcoin experiences significant volatility on its path toward the elusive $100,000 mark. Amid media speculation of a “crypto crash” and panicked retail investors, many are asking: Why is the crypto market down today?

Let’s break down the current trends, market dynamics, and the factors driving these fluctuations, along with a spotlight on emerging opportunities.

Bitcoin’s Recent Performance: A Rollercoaster Ride

Bitcoin (BTC) has been on an unprecedented run, fueled by increasing market confidence and institutional interest. However, over the weekend, the flagship cryptocurrency saw sharp price swings, oscillating between $95,700 and $98,600, before retreating to around $94,000—a drop of nearly 5% in just 24 hours.

The pullback has wiped nearly $200 billion from the total market cap, leaving investors questioning its next move.

BTC Price on Bitrue Market

At the time of writing on November 27, Bitcoin price dropped by 1.51% to $92,730 with its highest price in 24 hours being $94,973. BTC RSI value is also below 50 so the selling trend is more dominant than the buying trend.

Key Levels to Watch

1. Resistance: $95,750 – Breaking above this level could pave the way for a return to $98,880 and potentially $100,000.

2. Support: $93,000 and $90,000 – Falling below these levels might signal deeper corrections toward $88,000.

Why Is the Crypto Market Down Today?

Several factors contribute to the current market downturn:

1. Liquidations Fuel the Downtrend

Data from Coinglass shows that over $489 million in long positions were liquidated in the last 24 hours. Bitcoin alone accounted for $56 million of these losses. When leveraged positions are forcibly closed, it increases selling pressure, exacerbating price declines.

2. Profit-Taking Activity

The weekend saw over 74,000 BTC moved to exchanges, with many traders likely taking profits following Bitcoin’s near-$100,000 rally. Such activity, especially during low-volume periods, can amplify price fluctuations.

3. Market Sentiment and Volatility

Despite the downturn, market sentiment remains bullish, with the Fear & Greed Index still indicating “extreme greed” at 82. However, such optimism can sometimes precede corrections as traders reassess their positions.

4. Options Expiry

The upcoming $9.4 billion Bitcoin options expiry has added pressure, with traders repositioning portfolios in anticipation of potential volatility.

The Bigger Picture: Is This a Crash or a Correction?

Contrary to alarmist headlines, this appears to be a natural correction within a larger bull market. Flash crashes and high volatility are common during price discovery phases, particularly at critical psychological levels like $100,000.

1. Whales and Institutional Players Remain Bullish: Large-scale investors, including MicroStrategy, have continued accumulating Bitcoin, signaling long-term confidence.

2. Historical Patterns: Such pullbacks often serve to flush out over-leveraged positions, creating a healthier base for future growth.

Altcoins and Meme Coins in Focus

When Bitcoin experiences a downturn, altcoins often suffer more pronounced losses. However, this environment can also create opportunities in niche markets like meme coins.

Whale Moves in Meme Coins

One standout is CatSlap (SLAP), a new meme coin that has surged by 6,000% since its stealth launch. Key highlights include:

1. Viral Momentum: CatSlap’s clicker game, Slapometer, has driven widespread engagement.

2. Whale Activity: Significant investments from large holders suggest confidence in its potential, with projections for a $100M market cap.

Meme coins like CatSlap often thrive during Bitcoin’s consolidations, as smart money looks for quick gains before the next BTC rally.

What’s Next for Bitcoin and the Crypto Market?

1. Short-Term Outlook

Bitcoin faces immediate resistance at $95,750 and support around $93,000. Breaking these levels could dictate its next move:

  • Upside Potential: A breakout above $95,750 could renew bullish momentum, with $100,000 in sight.

  • Downside Risk: Failure to hold $93,000 might trigger deeper corrections, with $88,000 as the next key level.

2. Long-Term Outlook

Analysts agree that Bitcoin remains in a long-term bullish trend. Institutional adoption, limited supply, and favorable macroeconomic conditions suggest the $100,000 milestone is a matter of when—not if.

Conclusion: Key Takeaways for Investors

Bitcoin’s journey to $100,000 is a testament to its resilience and growing adoption. While corrections and volatility may test investor nerves, they are also part of the process that paves the way for future growth.

Whether you’re holding Bitcoin or exploring altcoins and meme coins, staying informed and strategic will help you navigate these exciting yet unpredictable markets.

For investors, pay attention to the following three things to stay safe in all crypto market conditions.

1. Don’t Panic Over Corrections: Volatility is inherent to the crypto market. Instead of reacting emotionally, focus on the broader trend.

2. Diversify and Explore Opportunities: While Bitcoin consolidates, altcoins and meme coins like CatSlap may present lucrative short-term opportunities.

3. Stay Updated on Market Events: Keep an eye on developments such as options expiries, whale movements, and institutional investments to make informed decisions.

This Press Release has also been published on VRITIMES

Justin Sun Becomes Largest Investor in Trump’s Crypto Venture: World Liberty Financial

Justin Sun Becomes Largest Investor in Trump’s Crypto Venture: World Liberty Financial

Justin Sun invests $30M in Donald Trump’s crypto project, World Liberty Financial (WLFI), becoming its largest backer. Explore how this partnership shapes innovation, blockchain, and Trump’s crypto ambitions.

Justin Sun, the founder of the Tron blockchain and a controversial figure in the cryptocurrency space, has become the largest investor in World Liberty Financial (WLFI), a crypto project launched by President-elect Donald Trump.

Sun’s investment of $30 million was confirmed via a post on X, where he expressed his enthusiasm for contributing to innovation and “making America great again.” The investment came through Sun’s crypto exchange HTX, which acquired 2 billion WLFI tokens priced at $0.015 each.

Sun’s investment has brought the project’s total token sales to $52 million, still significantly short of its ambitious $300 million goal.

World Liberty Financial: A Glimpse into Trump’s Crypto Initiative

World Liberty Financial aims to be a decentralized financial platform offering services such as borrowing, lending, and investing in digital assets.

Trump has partnered with the venture through his LLC, DT Marks DEFI, which is entitled to 75% of net revenues once the project surpasses $30 million in sales—a threshold now reached thanks to Sun’s involvement.

Trump is listed as the project’s Chief Crypto Advocate, with his sons Eric, Barron, and Donald Trump Jr. serving as Web3 Ambassadors.

Despite its high-profile backing, the WLFI token’s launch in mid-October faced challenges, including limited sales to non-U.S. persons, U.S.-accredited investors, and nontransferable tokens.

These restrictions have likely hindered broader adoption, with blockchain data showing only about 20,400 unique wallet holders out of over 100,000 whitelisted potential investors.

Early Success and Future Prospects

World Liberty Financial co-founder Zak Folkman expressed optimism following Sun’s purchase, describing it as a testament to the project’s early success.

While the project still has a long way to go to meet its $300 million fundraising target, the recent influx of funds could help drive momentum. Folkman hinted at more significant developments in the coming weeks, suggesting the project is poised for future growth.

The Implications of Trump’s Crypto Involvement

This venture underscores the evolving nature of Trump’s business dealings. Unlike his real estate ventures, World Liberty Financial allows for direct financial contributions, such as Sun’s $30 million purchase, with minimal costs or liabilities for Trump’s LLC.

During Trump’s first presidency, concerns over the “emoluments clause” and foreign governments’ spending at his Washington, D.C. hotel were frequently raised. This new crypto initiative sidesteps those debates by creating a digital financial ecosystem where investments like Sun’s directly benefit Trump’s enterprises.

Justin Sun’s Controversies and Regulatory Landscape

While Sun’s investment aligns with Trump’s campaign promises to make the U.S. a global crypto hub, it also brings scrutiny. Sun and his Tron network have faced regulatory challenges, including a March 2023 lawsuit by the SEC alleging fraud and unregistered securities sales. The SEC also accused Sun of manipulating trading activity to artificially inflate Tron’s price.

Sun denies these allegations, and the broader crypto industry is closely watching how Trump’s administration might reshape regulatory policies. Notably, SEC Chair Gary Gensler has announced his retirement on Inauguration Day, potentially opening the door for a more crypto-friendly approach.

The Future of WLFI and Its Role in the Crypto Landscape

World Liberty Financial aspires to become a major player in the decentralized finance (DeFi) space. However, its path forward depends on addressing the challenges that have limited early adoption, including token transferability and restrictions on U.S. retail investors.

With Trump’s advocacy and Sun’s high-profile investment, WLFI has the potential to attract more significant investments and partnerships. As the project evolves, its ability to meet its lofty goals will hinge on its capacity to deliver a compelling and inclusive financial platform.

Conclusion: A High-Stakes Partnership

Justin Sun’s $30 million investment marks a significant milestone for World Liberty Financial, providing the platform with both credibility and resources. For Trump, it highlights how his foray into crypto could reshape his business model while aligning with his broader vision of deregulation and innovation.

As World Liberty Financial moves forward, its success—or failure—will offer insights into the broader convergence of politics, cryptocurrency, and global finance. The project has set its sights high, and the coming months will determine whether it can achieve its ambitious goals.

If you want to find more news about Donald Trump and his relationship with the crypto ecosystem, the Bitrue blog provides many articles for you to read. You can read articles on the Bitrue blog anytime and anywhere for free.

This Press Release has also been published on VRITIMES

Ethereum Surges: Price Up Over 41% in the Last Month

Ethereum Surges: Price Up Over 41% in the Last Month

Ethereum (ETH) surges past $3,545, breaking an 8-month downtrend. Explore bullish predictions, DeFi dominance, NFT trends, and key resistance levels driving its growth. Learn more now!

Ethereum (ETH), the world’s second-largest cryptocurrency, is experiencing a significant surge in price. After breaking out of an eight-month downtrend, ETH has climbed over 6% today, reaching $3,545. This rally follows a strong week with an 11.1% rise and a staggering 41% gain in the last 30 days.

Analysts Are Bullish on Ethereum’s Future

Source: @TheMoonCarl/X

Analysts are optimistic about Ethereum’s future, predicting it could reach over $4,800 during this cycle. Several factors contribute to this bullish sentiment:

1. Technical Breakouts: ETH has broken free from a descending channel and descending triangle pattern, indicating potential for further price increases. Analysts have set targets as high as $4,700, bringing it close to its all-time high of $4,878.

2. Strong Momentum Indicators: Technical indicators like the Relative Strength Index (RSI) reaching 70 and Ethereum outperforming its moving averages suggest a robust upward trend.

3. Potential Golden Cross: A Golden Cross, where the short-term moving average crosses above the long-term one, is another bullish signal on the horizon.

Ethereum’s Dominance in DeFi

Ethereum remains a dominant force in the cryptocurrency space. It accounts for over half of the total value locked (TVL) in DeFi, solidifying its critical role in the ecosystem. Additionally, the success of ETH-based layer-two solutions further strengthens its position.

Possible Boost from Favorable Regulations

The possibility of pro-crypto legislation under the incoming Trump administration could also benefit Ethereum. If implemented, such policies could accelerate its growth and align its market price with its perceived intrinsic value.

Recent Price Action and Upcoming Resistance Levels

Ethereum Price on Market Bitrue

At the time of writing this article on November 26, Ethereum is priced at $3,388, which means it has decreased by 1.6% with its highest price being $3,545 in the last 24 hours.

Despite the price decrease, Ethereum’s RSI value is above 50, which means there is still hope for a price increase in the near future because the ETH buying trend is still dominant compared to the selling trend.

Increased weekend buying pressure and potential rotation away from Bitcoin have pushed Ethereum prices up. Analysts suggest a 30% rally is possible if ETH maintains bullish pressure above the key $3,400 level.

A successful break above $3,400 could see prices surge towards $4,189 and potentially reach $4,862.

NFT Market Update

While NFT sales have dipped slightly from the previous week, the overall trend remains positive, with a total volume of $158 million.

Ethereum remains the top network for NFT sales, followed by Solana. Interestingly, Solana is witnessing a surge in the number of NFT buyers.

Analyst Predictions on Altcoins

Popular analyst Altcoin Sherpa believes Ethereum might be nearing a cycle bottom relative to Bitcoin (ETH/BTC). He expects altcoins, including XRP, to perform well after Bitcoin completes its current rally.

Overall, Ethereum’s outlook is positive. With strong technical indicators, a dominant position in DeFi, and potential tailwinds from regulations, ETH seems poised for further growth.

Key Factors Driving Ethereum’s Growth

As Ethereum continues its bullish momentum, its dominance in the crypto market remains undeniable. Its robust network, extensive developer community, and innovative applications have solidified its position as a leading blockchain platform.

1. Layer-2 Solutions: The emergence of layer-2 solutions like Arbitrum and Optimism has significantly improved Ethereum’s scalability and transaction speed, addressing one of its major limitations.

2. DeFi Ecosystem: Ethereum remains the backbone of the decentralized finance (DeFi) ecosystem, offering a wide range of financial services, from lending and borrowing to derivatives trading.

3. NFT Market: Ethereum has a significant presence in the NFT market, with many popular NFT collections being minted and traded on the platform.

4. Institutional Adoption: Increasing institutional interest in Ethereum, with major financial institutions and corporations exploring blockchain technology, has further bolstered its credibility.

Potential Challenges and Risks

While Ethereum’s future looks promising, it’s important to acknowledge potential challenges and risks:

1. Network Congestion: Despite layer-2 solutions, Ethereum’s network can still experience congestion during peak times, leading to increased transaction fees.

2. Competition from Other Blockchains: Emerging blockchains like Solana and Cardano are vying for market share, offering faster transaction speeds and lower fees.

3. Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies can impact the overall market sentiment and investment flows.

Conclusion

Ethereum’s strong fundamentals, coupled with its active developer community and growing ecosystem, make it a compelling investment opportunity. However, as with any investment, it’s essential to conduct thorough research and consider the potential risks involved.

You should always do thorough research before investing in the crypto ecosystem even if you are buying a leading token like Bitcoin, Ethereum, or Solana. Do your research using the features of the Bitrue website that you can access for free.

This Press Release has also been published on VRITIMES

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