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Ethereum surged 10.42% to $3,445.00, marking its largest one-day gain since November 6, with a market cap of $415.37B, representing 12.20% of the total cryptocurrency market. Despite this rise, Ethereum remains down 29.17% from its all-time high of $4,864.06 set in November 2021. Over the past week, it has experienced an 11.63% decline in value.
Ethereum is entering a bullish phase, as indicated by the Block Subsidy and Mayer Multiple models, which suggest significant growth potential. The Block Subsidy model shows Ethereum's price could reach between $5,716 and $11,433, while the Mayer Multiple model indicates a likely new all-time high above $7,200. Both models reflect patterns from previous cycles, hinting at a parabolic rally ahead.
Ethereum has surged past $3,200, driven by positive economic trends, while Polygon enhances cross-chain compatibility to improve asset integration. Meanwhile, Web3Bay aims to revolutionize e-commerce by eliminating intermediaries through a decentralized platform, offering significant cost savings and potential returns for early investors.
A prominent crypto analyst warns that the Solana-based memecoin dogwifhat (WIF), currently valued at $1.98, is expected to plummet to zero against Dogecoin (DOGE), trading at $0.309. Despite a potential short-term bounce, the analyst predicts a significant decline by late 2025. Additionally, Ethereum (ETH) must maintain the $2,900 support level to avoid being labeled as part of the "worst cycle" in crypto history, with its current price at $3,339.
Ethereum developers are set to increase the gas limit to 36 million as part of the Pectra upgrade, with testing on the Mekong testnet showing stability at this level. However, challenges remain due to the consensus layer's constraints, and a broader community push is needed to signal support for the change. The upgrade, targeting a Q1 2025 release, includes significant proposals like EIP-7840 for better blob management and EIP-2537 for fairer gas pricing on cryptographic operations.
Ethereum's price has dropped 10% to $3,540 following a hawkish interest rate announcement from the Federal Reserve, impacting other cryptocurrencies as well. Despite this decline, Ethereum's fundamentals remain strong, with significant institutional interest and over $2.46 billion in ETF inflows over 18 days. The staked ETH has surpassed 54.7 million tokens, reflecting long-term investor optimism, while the DeFi ecosystem continues to thrive with a total value locked exceeding $73.7 billion.
Ethereum (ETH) is poised for significant growth from 2024 to 2030, with predictions suggesting it could reach as high as $15,575. Key factors driving this potential include ongoing network upgrades, increased institutional adoption, and the expansion of the DeFi and NFT sectors. Despite short-term volatility, Ethereum's long-term fundamentals remain strong, positioning it for substantial gains in the coming years.
Shiba Inu has partnered with Chainlink to enhance its ecosystem by integrating Chainlink’s cross-chain infrastructure into Shibarium, its Layer-2 blockchain. This collaboration will enable Shiba Inu tokens, including SHIB, LEASH, and BONE, to operate across 12 different blockchains, potentially increasing their accessibility and demand. Despite the positive developments, the associated tokens saw a decline, with SHIB down 8.36% and LINK down 6.40% in the last 24 hours.
Ethereum is gaining attention as the crypto market shows upward momentum, but expert Ali Martinez warns that a major rally may take longer than expected, suggesting a period of consolidation is needed. Despite this caution, optimism persists, with predictions of potential price targets reaching up to $7,238 by early 2025, contingent on maintaining key support levels. However, short-term weakness is evident as Ethereum's price has recently dropped towards $3,800, indicating possible challenges ahead.
Rollblock's presale is gaining traction in the DeFi market, with analysts predicting an impressive 880% ROI for early investors before its official launch. As meme coins like PEPE, SHIB, and DOGE show mixed signals, Rollblock's innovative GameFi platform, featuring over 7,000 AI-powered games, is set to challenge traditional gains in early 2025. The platform emphasizes user experience and security, with its smart contract audited and licensed by the Gaming Anjouan authority.
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