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Not in vain is ethereum one of the most important cryptocurrencies in the world. The current number 2 in the world of cryptocurrencies stands out mainly for its applications for decentralized finance.
Here, so-called “smart contracts” are the focus of business interest. “Automated” contracts no longer require a central authority and increasingly exclude banks from the financial cycle.
Course correction before the next rally
Given this innovation, it is no surprise that the ethereum network is considered future-proof. However, its cryptocurrency Ether recently suffered a drop of around 10 percent. Now investors fear a new drop in prices.
Given the imminent Donald Trump takes office In the US, many investors hoped that things would only get better from here. But the reaction came as expected, after all, corrections are part of the high volatility of cryptocurrencies.
Additionally, an ethereum whale caused unrest; He seemed to have lost patience and sold some of his positions, even accepting losses. That's surprising, after all, the future of cryptocurrencies looks bright, at least on paper.
Price increases anticipated
Finally, like bitcoin, ethereum may target the first approved spot ETFs, which should ensure further penetration of Ether into the markets. Previously implacable opponent Gary Gensler, head of the US Securities and Exchange Commission (SEC), has resigned and Donald Trump wants to do everything he can to strengthen cryptocurrencies in the United States.
However, ethereum is showing weakness and is far from its all-time high. With the approval of the first eth spot ETF, the price briefly rose above the $4,000 mark, but things have been going downhill since then.
Just a week ago, ethereum experienced another rally, but it was short-lived. But this development was also seen when the first bitcoin spot ETFs were approved.
The markets had already anticipated the expected price increases and needed some time to analyze future developments and react to them. Obviously, this will be no different with ethereum.
New momentum after Trump's inauguration?
In any case, ethereum history shows that eth usually turns bullish in January of a year. Given this history, it would not be surprising if the currency rose again in the next two weeks.
In any case, many analysts are optimistic that with the implementation of the first deregulation measures of the new US government, the cryptocurrency market and, therefore, also ethereum will once again record significant price increases.
Alternative Solax
However, if you are an investor looking for an alternative to ethereum, you might want to take a look at the new one. Meme-Coin Solaxy Launch ($SOLX). It is currently completing its pre-sale on ethereum, but due to its technical design it forms a bridge to the Solana blockchain.
As a multi-chain currency, it uses low costs and speed to generate the best of both worlds. In a very short time, 10 million euros were invested in the new project, which shows that investors believe in Solaxy's idea.
Priced at just $0.0016 for 1 Solaxy ($SOLX), the token is still cheap, but that could change drastically once the coin is listed for purchase on one of the crypto exchanges.
All information about Solaxy ($SOLX) can be found on the corresponding pages of <a target="_blank" href="https://x.com/SOLAXYTOKEN” target=”_blank” rel=”nofollow”>unknown and Telegram.
