As meme coins go extinct, this Ethereum sector is likely to grow massively

Meme coins like DOGE, SHIB, WIF etc., are down double digits in the past five days. Ethereum-based altcoins like ENS, LDO and PENDLE have risen amid bearish market conditions. Investors can expect ETH-related altcoins to heat up as the spot Ethereum ETF decision nears. This phase has spawned multi-million dollar meme coins like dogwifhat , BOOK OF MEME , MAGA and so on. However, due to the recent market outlook, meme coins have suffered a massive blow to the body.

Ethereum Name Service price has shot up 26% in under five days. Lido DAO and Pendle have both climbed 20% and 15% in the same period. ETH alts performance ENS price likely to rally another 15% ENS price has shot up 21% in the past 48 hours and breached the $24.34 resistance level. As eager holders rush to book profits, investors can likely expect a pullback that retests the aforementioned level. Interestingly, this barrier is also engulfed by an imbalance, extending from $22.87 to $24.77.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SHIB Beats All Solana Meme Coins in This Crucial Metric: Ethereum Foundation ResearcherShiba Inu now surpasses all other meme coins on market, according to Justin Drake from Ethereum Foundation
Source: Utoday_en - 🏆 295. / 63 Read more »

Cryptocurrencies Price Prediction: Ethereum, XRP & SolanaEthereum reclaims $3,800, lawmakers urge SEC Chair to approve ETH ETF Ethereum (ETH) bounced back after a brief dip on Thursday as US lawmakers penned a letter to Securities & Exchange Commission (SEC) Chair Gary Gensler, urging him to approve spot ETH ETFs.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Legendary Trader Peter Brandt Issues Major Warning for Ethereum and SolanaPeter Brandt's stark warning about Ethereum and Solana staking predicts biggest disasters yet to come in crypto
Source: Utoday_en - 🏆 295. / 63 Read more »

Algorand causes a stir with new ad bashing Bitcoin, Ethereum and SolanaThe Algorand Foundation has released a new advertisement taking a swipe at rival networks Bitcoin, Ethereum, and Solana.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Solana (SOL) Dominates Ethereum (ETH): Glassnode CofounderGlassnode cofounder Yann Allemann believes that rotation in cryptocurrency assets is already underway
Source: Utoday_en - 🏆 295. / 63 Read more »

Ethereum (ETH), Cardano (ADA), XRP, Chainlink (LINK), Solana (SOL) Funds Attract Fresh InflowsEthereum funds have recorded their second consecutive week of inflows
Source: Utoday_en - 🏆 295. / 63 Read more »