Exciting developments continue in the cryptocurrency world. While FLOKI attracts attention with a strong price increase, Ethereum is also shaping its future with new updates. According to analysts' estimates, great opportunities are expected in these two projects. So, what are these developments in FLOKI and Ethereum?
FLOKI: 11-Fold Increase Expected$FLOKI
Crypto analyst Master Kenobi has made a bullish prediction for FLOKI. Kenobi noted that the FLOKI price could surge 11-fold and rise above the $0.00080 level. The analyst commented on this rise as follows:
“FLOKI is showing the same structure for the third time. This indicates that a price increase is very close.” Kenobi predicts that this increase will last about 35 days and said that current market conditions indicate that this explosion could begin within two weeks. If the expected increase does not occur within the specified period, a new rally is likely in early February. The analyst added: “This price increase is only a matter of time.”
The factors supporting FLOKI’s price increase are not based solely on technical data. The FLOKI team launched a crypto education platform, University of Floki. This platform aims to make blockchain and Web3 technologies more accessible to new crypto users. The platform will cover topics such as DeFi, security, finance, smart contracts, and NFT. This initiative could increase interest in the FLOKI ecosystem and trigger a price increase. Analysts predict that FLOKI could remove another zero in the first quarter of 2024, sending its price even higher.
Ethereum: Pectra and Fusaka Upgrades$ETH
The Ethereum protocol is preparing for major changes with the Pectra upgrade. Pectra has been in development for a long time and is expected to go live in the first quarter of 2025. However, after this upgrade, the Fusaka upgrade is next. Fusaka will include significant improvements that were planned for Pectra but could not be included. Fusaka will support DeFi growth by focusing specifically on Layer-2 solutions. The prominent EIP 7549 aims to increase the blob capacity of the network. Such developments will help accelerate innovations in the Ethereum ecosystem. Galaxy Research Vice President Christine Kim made the following statements about Fusaka:
“Fusaka will deliver significant improvements that will increase Ethereum’s scalability.”
Having fallen below the $4,000 level in recent weeks, Ethereum is currently trading at $3,479, up 1.09 percent. With the updates to be made, Ethereum’s functionality will increase, which will accelerate the adoption of the ecosystem and increase the demand for ETH.