$EIGEN
19 Dec 2024: 4.939$.
EigenLayer is a protocol built on Ethereum that introduces "restaking," allowing users to reuse staked ETH or liquid staked tokens (LSTs) to secure additional applications and earn extra rewards. This approach aims to enhance Ethereum's security and expand its decentralized validator set.
My projection for EIGEN's price in 2025 is approximately $10.
* These predictions are usually a factor:
1. Current cryptocurrency market behavior and growth patterns.
2. EigenLayer’s unique restaking concept, its adoption rate, and use cases.
3. Interest from developers, investors, and partnerships within the blockchain ecosystem.
4. Broader market influences such as regulations, Ethereum performance, and global economic trends.
What are its projected price?