Ethereum (ETH) appears to have gained upward momentum that could push it above the $4,000 level amid growing investor interest and positive regulatory expectations for 2025.
While there is an optimistic atmosphere in the crypto market regarding the future of Ethereum, the increase in open interest and its superior performance against Bitcoin are noteworthy.
ETH vs BTC comparison
Ethereum currently has $8.9 billion worth of open interest, surpassing Bitcoin’s $6.7 billion. This suggests that investors are growing confident in ETH. The decline in Bitcoin’s open interest is reportedly due to “strategic repositioning” rather than mass liquidations.
This suggests a more calculated investment strategy for Bitcoin rather than a sudden pullback, according to a report published by Bybit and Block Scholes on Nov. 28. At the same time, this dynamic paves the way for Ethereum to test the $4,000 level by Jan. 20.
Bybit analysts see Ethereum likely to surpass the $4,000 level by the time US President-elect Donald Trump takes office. This expectation is particularly reinforced by SEC Chairman Gary Gensler’s departure from office before January 20 and potential changes on the regulatory front.
Ethereum’s performance outpacing Bitcoin
Ethereum has surpassed Bitcoin’s 31 percent rise in price over the past month with a 34 percent increase. In addition, the returns obtained in ETH futures are also superior to Bitcoin. In the futures market, contracts with a 1-week maturity are traded at a 25 percent higher level on an annual basis compared to spot prices.
According to the report, this could lead to institutional investors showing more interest in ETH to benefit from the difference between the spot price and the futures price. The increase in institutional inflows into spot Ethereum exchange-traded funds (ETFs) is considered a factor that could push the Ethereum price even higher.
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What we need to know about the giant project!
Decentralized AI is Shaping the Data Economy!
Developed in November 2023 in collaboration with Consensys, Microsoft, Chainstack, and several other companies, Infura is a new decentralized RPC-as-a-service Decentralized Infrastructure designed to facilitate access to Ethereum and other leading blockchains.
About DIN
DIN is the First Modular AI Local Data Preprocessing Layer.
Based on the Data Intelligence Network, DIN is designed to enable anyone to process data for AI and make money.
xData is the AI data node infrastructure on DIN, which will be launched on opBNB in early April 2024. It currently has over 30 million total users across opBNB and Mantle, and over 1 million daily active users.
Chipper Node is an essential part of the DIN ecosystem, enabling the data validation and vectorization process and providing reward conversion computational power.
Phase 1 of the node sale raised $2.5 million with over 30,000 node owners. Users can now participate in Chipper Node Pre-Mining to earn xDIN.
Web3Go DIN: The Next Generation Data Infrastructure Combining People, Data and Artificial Intelligence!
Web3Go DIN (Data Intelligence Network) is a next-generation data infrastructure to bring together people, data, and AI. DIN puts people first and is based on AI support and blockchain-based proof-of-equity. With community contribution, Web3Go DIN can learn as the community drives.
Web3Go raised $4M in funding, backed by notable investment leaders including Hashkey, Shima, NGC, IVC, and LIF Capital, with Binance Labs as the lead investor.
AirDrop Start Date: November 19
Airdrop End Date: December 3
Welcome to the Binance Web3 Wallet x DIN Airdrop Event!
DIN Chipper Node Pre-Mining is live! To celebrate, they're launching a special airdrop that gives you a chance to win a share of $375,000 DIN!
Sign up for Binance
To get started, sign up to Binance and click the "Get Started" button.
New users can also claim a Welcome Bonus voucher worth up to $300 (provided by Binance). You will earn 10 points after successful registration.
If you have registered before, you will earn 10 points when you connect to Binance.
Connect Your Binance Web3 Wallet
Connect your Binance Web3 wallet to participate in the tasks and earn 10 points. (Make sure you are connected to Binance MPC Wallet, as only users who participate with MPC Wallet are eligible to receive rewards.)
Follow Our Social Accounts (Twitter, Telegram, Discord)
Follow the steps to complete four tasks on social platforms and earn 10 points.
5. Daily On-Chain Increase for DIN
Increase DIN by clicking the "Boost" button every 24 hours. For example, if you increase on January 13th at 22:00, your next increase can be made between January 14th at 22:00 and January 15th at 22:00, thus continuing your streak. (Make sure you have BNB for gas fees to complete the daily on-chain increase.
Day 1: 10 points
Day 2: 15 points
Day 3: 20 points
Day 4: 25 points
Day 5: 30 points
Day 6: 40 points
Day 7 and onwards: 50 points
Continue to boost daily to consistently earn 50 points. Missing a day will reset your streak.
6. Invite your friends
Join by sharing your unique referral link with others. Points are earned based on successful referrals — the more people you invite, the more points you earn.
You will earn 10 points for each successful invitation.
The person you invite will earn 5 points.
In order for an invitation to be considered successful, the person invited must:
Sign up for Binance (if applicable).
Connect your Binance MPC wallet.
Follow our social media accounts.
Complete at least one power-up.
7. Prize Distribution
Users must collect points to qualify for prize distribution. Points are earned by completing tasks and $DIN is distributed according to each user's share of the total points. (The leaderboard shows the Top 10 participant rankings by points.)
1. Who can participate?
Anyone can participate in this event. New users who register with Binance for the first time through this campaign will receive a welcome coupon worth $300, which will be deposited directly into their Binance account.
#GODINDataForAI #BinanceWeb3Airdrop #DIN #BTC #eth @DIN Data Intelligence Network
