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ethereum price is up almost 10% in the last 24 hoursethereum“> to trade at $2,442 At 8:29 pm EST, trading volume increased 45% to $23 billion.
This rise comes as ETC Group says eth could overtake bitcoin in 2024. André Dragosch, head of research at ETC Group, highlighted that the expected change in Ether's performance relative to bitcoin next year will be driven by its advances. technological developments and the prominent position of ethereum. as a leading smart contract platform.
in acrypto-Market-Outlook-2024/ETC_Group_2024_Outlook.pdf”> recent ETC Group report, Dragosch highlighted factors that could drive an increase in the price of Ether. One of those factors is the deflationary “burn mechanism” introduced through the ethereum improvement proposal EIP-1559 in August 2021.
“Ether net supply issuance is negative 1.1% annually, and is currently burning at approximately 1.84% annually. Traditional investors can view the staking yield as a type of stock dividend, while the burn rate can be viewed as a stock buyback yield.” Dragosch said.
ethereum price is about to break out of the ascending triangle
ethereum price is showing signs of a breakout of the ascending triangle pattern at $2,420, indicating a continuation of the uptrend.
eth is aiming for a new high, trading above the 50-day and 200-day simple moving averages. This confirms the prevailing bullish sentiment and establishes short-term support levels.
The Relative Strength Index (RSI) is bullish as it rises from the mid-level of 50 to 67, approaching the overbought threshold of 70.
ethereum price could reach $3,000
Bullish investors are maintaining a sustained uptrend, anticipating moves above the ascending triangle. It is targeting a potential peak of approximately $3,000, with expectations set for the first quarter of 2024.
However, a possible downside scenario is possible, allowing the bears to influence a price decline towards the $2,240 support zone, which aligns with the lower boundary of the ascending triangle.
As the price of ethereum continues to rise, investors looking to make a quick 100x in 2024 should consider investing in $SPONGE and Meme Kombat. Experts say these two coins are among the best meme coins to buy in 2024.
Meme Kombat gets $5 million, buy now, 5 hours to raise price
The new and growing Play-to-Earn (P2E) project, Kombat Meme (MK)has exceeded $5 million in funds raised.
We have reached 4.8 million dollars in the $MK pre-sale
LFG pic.twitter.com/JsZprP66ik
—Meme Kombat (@Meme_Kombat) December 27, 2023
Meme Kombat innovatively offers ai-generated battles, unifying GameFi with meme characters and allowing players to bet on their preferred meme characters, with the potential for substantial rewards if their chosen characters win.
An increasing number of investors are showing interest, anticipating considerable returns by playing Kombat Season 1. In its pre-sale phase, Meme Kombat offers investors the opportunity to purchase MK Tokens at a reduced rate of $0.257 before the price rises to $0.268 in about five hours.
In 24 hours we will be increasing the price of $MK from $0.257 to $0.268
Get it now for $0.257! pic.twitter.com/8tI0ATMEzi
—Meme Kombat (@Meme_Kombat) December 27, 2023
As an investor, you can also earn passive income by staking your purchased MK tokens, guaranteeing an impressive 190% Annual Percentage Yield (APY). This staking feature is particularly attractive to investors who see Meme Kombat as a major player in the future of meme coins.
Important update
The Meme Kombat Engagement Panel is officially live and ready for you to use!
Take a break from Kombat and visit the betting panel here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
—Meme Kombat (@Meme_Kombat) November 9, 2023
Jacob Bury, an expert crypto analyst and YouTuber, recently reviewed the Meme Kombat project. He says the coin has the potential to grow 10-fold upon release.
To purchase MK tokens, visit the Meme Kombat official website.Connect your Web 3 wallet and exchange your eth, USDT or BNB for MK tokens.
Last chance to buy SPONGEV2 before going public, 100x returns
After a staggering increase of over 2900% with its initial release, Sponge V2 returns with improved features. This new version promises even more profits when it launches, and experts predict that it will replicate its previous success with 100x returns. Investors can purchase and stake $SPONGE via the provided widget to receive a matching bonus in V2 tokens.
Accumulate more tokens by staking before the claim date.
#Sponge is returning, bigger and more absorbent than ever, this time with greater utility!
We are moving from V1 to V2 launching a new ERC-20 token in ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum a way to #Bet-Method to win.
Visit our website for more information! #SpongeV2 crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto pic.twitter.com/OxPwRspYUZ
— $SPONGE (@spongeoneth) December 24, 2023
SPONGEV2 is a new ERC-20 token on ethereum, using a bet-to-win strategy that can, for the second time, deliver a 100x return on investment.
We are pleased to announce that #Sponge It's going from V1 to V2!
You bet $SPONGE gain #SpongeV2 records.
Buy and bet now to get a special V2 token bonus! Don't miss it #coinmeme #web3 #Bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023
Sponge V1 reached a market cap milestone of $100 million, with a community of over 13,000 holders.
The project also gained support from 30,000 social media followers and secured listings on more than 10 centralized exchanges, such as LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.
If you currently hold original $SPONGE tokens, you can stake them on the SPONGEV2 smart contract via the token website. Doing so will automatically secure your share of the V2 token upon release.
Even Justin Sun has $SPONGE
To show how much potential SpongeV2 has, even Tron CEO Justin Sun owns Sponge tokens. This comes a few months after he tweeted that he would start investing in meme coins.
I have decided to start actively trading meme coins and promising projects through my public address. Please note that I will personally bear all potential losses from these trades and any profits made will be donated entirely to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023
According to information from Etherscan, a wallet linked to Justin Sun, identified as “0x176f3dab24a159341c0509bb36b833e7fdd0a132,” holds $SPONGE tokens valued at an impressive $43,581. The details of this wallet are accessible for viewing at Debank.
A key feature of SPONGEV2 is its fixation four-year betting period, allowing punters to accumulate tokens with an impressive annual percentage yield (APY) of 629%. Once the staking period is over, claiming SPONGEV2 tokens will be done via the official SPONGE website.
If you have original $SPONGE tokens, you need to stake them in our V2 smart contract via the website homepage.
You will automatically get your share of the V2 token upon launch.
WOW WOW WOW #Sponge #web3 crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #alternatives pic.twitter.com/I6eX3nQVGN
— $SPONGE (@spongeoneth) December 23, 2023
Additionally, Sponge is introducing a new Play to win (P2E) to further improve its usefulness in real life. He The game will include a free and premium edition. In the free version, players can enjoy the game for leisure.
The paid version allows users to use $SPONGEV2 tokens to earn additional game credits, improving their chances of winning more $SPONGE. With this new feature, $SPONGE is set to attract even more investors, making it a must-have token ahead of 2024.
Exciting news!
There will be a free and paid version of the new Sponge #P2E game.
You can play for fun in the free version or use $SPONGEV2 tokens to purchase additional game credits and win more. $SPONGE #coinmeme #Presale crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto pic.twitter.com/kJsqBY3wQ3
— $SPONGE (@spongeoneth) December 27, 2023
To purchase Sponge V2 tokens, connect your Web3 wallet to the Sponge.vip official website, exchange your eth or USDT for v2 tokens, or use your bank card to purchase directly.
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