Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.
Ethereum news
The Ethereum Foundation said the ecosystem is supported by over $22 billion in treasury funds across Ethereum-based projects.
The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7.
Trump’s win sparked a surge of interest in crypto, Galaxy’s CEO reportedly said.
In November, L2s have been posting some 3x more transaction data each day to mainnet than they did in March.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.
The Ethereum Foundation launches Mekong, a short-term testnet allowing developers to explore UX and staking updates for the upcoming Pectra fork.
The bumper inflow day came despite BlackRock’s leading fund, ETHA, showing a net zero flow.
Ether traders argue the asset is still “too cheap” and is due for a “monster rally” as it neared the $2,900 price level.