It is not for nothing that Ethereum is one of the most important cryptocurrencies in the world. The current number 2 in the crypto world is getting especially with its applications for decentralized finance.
Here, the “smart contracts” are the focus of business interest. The “automated” contracts no longer require central authority and are increasingly out of banks from the financial circle.
Course correction before the next upswing
With this innovation, it is no wonder that the Ethereum network is considered future proof. Nevertheless, its cryptocurrency Ether recently a burglary about 10 percent. Now investors fear another move in prices.
With what's to come Donald Trump takes office In the US, many investors had hoped that things would only go up from now on. But the backlash came as expected, after all, corrections are part of the high volatility of cryptos.
In addition, the Ethereum whale caused chaos; he seemed to lose patience and sold some positions, even accepting a loss. That's amazing, after all, the future of crypto looks bright, at least on paper.
Price gains are expected
Finally, just like Bitcoin, Ethereum can refer to the first approved spot ETF, which should ensure that more Ether enters the markets. Former opponent Gary Gensler, head of the US Securities and Exchange Commission (SEC), has resigned and Donald Trump wants to do everything he can to strengthen crypto in the SA.
Nevertheless, Ethereum is showing weakness and is far from its all-time high. Courtesy of the first spot ETH ETF, the price briefly rose above the $4,000 mark, but things have gone downhill since then.
Just a week ago, Ethereum experienced another surge, but it didn't last long. But this development was also seen when the first Bitcoin spot ETF was approved.
The markets had already anticipated the expected price increases and needed some time to analyze and react to further developments. This will obviously be no different with Ethereum.
New promotion after Trump's inauguration?
In any case, the history of Ethereum shows that ETH usually turns out to be bullish in January of a year. Given this history, it would not be surprising if the coin rises again in the next two weeks.
In any case, many analysts are optimistic that, with the implementation of the first deregulation measures of the new US government, the crypto market and thus also Ethereum will benefit greatly in prices a- again.
Another Solaxy
However, if you are an investor looking for an alternative to Ethereum, you might want to check out the new Solaxy Meme-Dog Throw ($SOLX). This is currently completing its pre-sale on Ethereum, but due to its technical design it is a bridge to the Solana blockchain.
As a multi-chain coin, it uses low costs and speed to generate the best of both worlds for itself. 10 million euros flowed into the new project within a short time, which proves that investors believe in Solaxy's idea.
With a price of only $0.0016 for 1 Solaxy ($SOLX), the token is still cheap, but that could change significantly once the coin is listed for purchase on one of the crypto exchanges.
All information about Solaxy ($SOLX) can be found on the corresponding pages at X and Telegram.
