Recently, the cryptocurrency market is set to welcome several positive developments, and the market is likely to experience explosive growth.
Trump's Inauguration
Trump holds a supportive attitude towards Bitcoin, which may attract more traditional financial institutions and investors to enter the cryptocurrency market, leading to a significant influx of funds. In fact, since Trump won the election, a considerable amount of money has already flowed into the cryptocurrency market.
FTX's $16 Billion Repayment
FTX will launch a $16 billion repayment plan on January 3rd and is expected to complete the repayments within 60 days. Such a massive influx of funds into the market could very well become a key signal for a comprehensive rebound in the cryptocurrency space.
Ethereum Staking ETF
The Ethereum staking feature is about to go live, which will enhance its attractiveness and is expected to draw in a large amount of buying activity. Staking applications are likely to appear in January, and even before the Christmas holiday, the market had already seen an influx of $131 million in buying funds, indicating a high level of interest.
Ethereum Prague Upgrade
Looking back at previous Ethereum upgrades, it is observed that each time there is an upgrade, its price tends to double within three months. Following historical patterns, this upgrade is also expected to initiate a price increase in January.
In summary, Ethereum is likely to show stronger momentum compared to Bitcoin in the coming days, and Ethereum along with its related ecological tokens will undoubtedly become the focus of the market in the upcoming months. The current price correction may very well be the last opportunity for people to get on board. I have compiled several recently popular tokens in the Ethereum ecosystem for your reference.
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