Ethereum has been serially challenged by Solana lately, but things seem to be looking up for the good. Supported by bullish crypto market sentiments, ETH I just experienced a mini rally that rules out a future monster price hike, and more and more people are flocking to it now.
While this is happening, Avalancheone of Ethereum competitors, is not doing as well as it should. Read on to learn about the future prospects of these coins and what bullish crypto what investors are doing right now.
The challenge center Ethereum is ready for a monster rally
Supported by bullish market sentiments, Ethereum hit $4,000 earlier in the year. This was the closest to its ATH, but it quickly fell to $3,000. Another short rally saw ETH is approaching its previous high, but by then the bullish sentiments had faded and Ethereum gradually depreciated to around $2,500.
ETH has been trading around this price level until recently. Bitcoin hit a new all-time high, boosted by Donald Trump’s election victory, which pushed Ethereum above a resistance level of $2,700.
Experts believe this renewed interest is not just speculative. Ethereum is preparing to reclaim its top spot in the DeFi space. With new innovations and updates coming intended to improve its scalability and efficiency, Ethereum might just shoot the moon again. Plus, since it already has a massive user base, Ethereum could soon reach a new all-time high. After all, first-mover advantage is important.
Will Avalanche get back on horseback?
While Ethereum operates in the deep waters of DeFi, Avalanche fishing in the shallows. Aave has a market capitalization of $2.75 billion, which is very small compared to ETH 340 billion dollars. Consequently, the Aave Price is very prone to volatility, and that has been its undoing.
Avalanche hasn’t performed well at the start of 2024, but he seems determined to finish the year strong. THE Aave Price has appreciated significantly since September, increasing by double digits despite high volatility. Right now, Lending Protocol is trading around $180, which is pretty impressive considering the Aave Price was $100 just a few months ago.
So, what do crypto experts say? Well, volatility is a major problem. Even if Aave has recovered remarkably in recent months, we don’t know what tomorrow will bring. Avalanche faces extreme competition in its DeFi niche, and unfortunately, it is one of the small fish in a much larger pond.
So what do savvy crypto investors do?
Ethereum can ride a monster rally, but its potential percentage gains are very limited. Even if Aave becomes less volatile, new investors will still have to deal with its unfavorable entry price. This has prompted savvy investors to turn to relatively unknown crypto gems like Lunex network.
This project is an ICO, but experts recognize its serious earning potential. It powers a modern exchange that enables the exchange of assets across over 40 blockchain networks. It is also deflationary in nature and offers staking rewards to community members. Above all, Lunex is available for just $0.002, and experts estimate that it could fetch a 100x ROI for first investors.
You can find more information about the Lunex Network (LNEX) here:
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