It is no coincidence that Ethereum is one of the most important cryptocurrencies in the world. It currently ranks second in the cryptocurrency world primarily through its applications for decentralized finance.
Here, so-called “smart contracts” are the focus of commercial interest. “Automated” contracts no longer require a central authority and increasingly exclude banks from the financial cycle.
Correct course before the next rise
Given this innovation, it is not surprising that the Ethereum network is considered future-proof. However, its cryptocurrency Ether recently suffered a decline of about 10 percent. Now investors fear further decline in prices.
Given the imminent Donald Trump takes office In the United States, many investors were hopeful that things would improve from here on out. But the backlash was predictable, after all, corrections are part of the high volatility of cryptocurrencies.
In addition, the Ethereum whale caused turmoil and seemed to have lost patience and sold some of its positions, thus accepting losses. It’s amazing, after all, the future of cryptocurrencies looks bright, at least on paper.
Expected price gains
Finally, just like Bitcoin, Ethereum could point to the first approved spot ETFs, which should ensure greater penetration of ether into the markets. Formerly stubborn rival and head of the US Securities and Exchange Commission (SEC) Gary Gensler has resigned, and Donald Trump wants to do everything he can to promote cryptocurrencies in the USA.
However, Ethereum is showing weakness and is far from its all-time high. With the approval of the first ETH ETF, the price briefly rose above the $4,000 level, but things have declined since then.
Just a week ago, Ethereum saw another rally, but it was short-lived. But this development was also observed when the first Bitcoin ETFs were approved.
Markets had already anticipated the hoped-for price increases and needed some time to analyze and react to further developments. Obviously, this will be no different with Ethereum.
A new batch after Trump’s inauguration?
Anyway, Ethereum history shows that ETH is usually bullish in January of the year. Given this history, it would not be surprising if the currency rises again in the next couple of weeks.
In any case, many analysts are optimistic that with the implementation of the first deregulation measures taken by the new US government, the cryptocurrency market and thus also Ethereum will experience significant price gains again.
Solaxy Alternative
However, if you are an investor looking for an alternative to Ethereum, you can take a look at the new alternative Mimi Queen Solaxy Throw ($SOLX). This currently completes the pre-sale on Ethereum, but due to its technical design, it forms a bridge to the Solana blockchain.
As a multi-chain currency, it uses low costs and speed to generate the best of both worlds for itself. 10 million euros have flowed into the new project within a very short period of time, proving that investors believe in the idea of Solaxy.
At just $0.0016 for 1 Solaxy ($SOLX), the token is still inexpensive, but that could change dramatically once the coin is listed for purchase on one of the cryptocurrency exchanges.
All information about Solaxy ($SOLX) can be found on the corresponding pages of X and cable.