Recently, the cryptocurrency market is expected to welcome several favorable developments, and the market may experience explosive growth.
Trump's Inauguration
Trump has a supportive stance 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's victory in the election, a considerable amount of funds has already flowed into the cryptocurrency market.
FTX's $16 Billion Repayment
FTX will launch a $16 billion repayment plan on January 3 and will complete the repayments within 60 days. Such a massive influx of funds into the market is likely to 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 attract a large amount of buying interest. Staking applications are likely to appear in January, and before the Christmas holiday, the market has already seen an influx of $131 million in buying funds, indicating its high level of attention.
Ethereum Prague Upgrade
Looking back at past Ethereum upgrades, almost every time an upgrade occurs, its price doubles within three months. According to historical trends, this upgrade is also expected to kick off a price increase in January.
In summary, compared to Bitcoin, Ethereum's performance is expected to be stronger in the coming months, and Ethereum and its related ecosystem tokens will undoubtedly become the focus of market attention in the next few months. The current price correction may very well be everyone's last opportunity to enter. Here are a few recently popular tokens in the Ethereum ecosystem for your reference.
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