Ethereum has been serially challenged by Solana in recent times, but things seem to be turning around for the good. Buoyed by bullish crypto market sentiments, ETH just had a mini rally that precludes a future monster price gain, and more people are now flocking to it.
While this is happening, Avalanche, one of Ethereum’s competitors, isn’t doing as well as it should. Read on to discover the future prospects of these coins and what bullish crypto investors are doing right now.
Defi powerhouse Ethereum is primed for a monster rally
Buoyed by bullish market sentiments, Ethereum touched $4,000 earlier in the year. This was the closest it had ever been to its ATH, but it quickly dropped to $3,000. Another short rally saw ETH draw close to its previous high, but by this time, the bullish sentiments had fizzled out, and Ethereum gradually depreciated to around $2500.
ETH has been trading around this price level until just recently. Bitcoin hit a new all-time high, boosted by the election victory of Donald Trump, and this pushed Ethereum above a resistant level of $2,700.
Experts believe the renewed interest is not only speculative though. Ethereum is shaping up to reclaim its top spot in the DeFi space. With new innovations and upcoming updates set to enhance its scalability and efficiency, Ethereum might just shoot to the moon again. Furthermore, since it already has a massive user base, Ethereum could well hit another all-time high soon. First-mover advantage matters, after all.
Will Avalanche get back on the horse?
While Ethereum operates in the deep waters of DeFi, Avalanche fishes in the shallows. Aave has a market cap of $2.75 billion, which is very small compared to ETH’s $340 billion. As a result, the Aave price is very prone to volatility, and this has been its undoing.
Avalanche didn’t perform well at the beginning of 2024, but it looks determined to end the year with flying colors. The Aave price has appreciated handsomely since September, going up by double digits despite experiencing serious volatility. At the moment, the lending protocol is trading around $180, which is quite impressive given that the Aave price was $100 just a couple of months ago.
So, what are crypto experts saying about it? Well, volatility is a major issue. Even though Aave has rallied remarkably in recent months, there’s no telling what tomorrow will bring. Avalanche faces extreme competition in its DeFi niche, and unfortunately, it is one of the small fishes in a much bigger pond.
So, what are the savvy crypto investors doing?
Ethereum may go on a monster rally, but its potential percentage gains are very limited. Even if Aave becomes less volatile, new investors will still have to contend with its unfavorable entry price. This has made savvy investors turn to relatively unknown crypto gems like Lunex Network.
This project is an ICO, but experts recognize its potential for serious gains. It powers a modern-age exchange that allows asset swapping across over 40 blockchain networks. It is also deflationary in nature and offers staking rewards for community members. Above all, Lunex is available for only $0.002, and experts believe it could fetch a 100x ROI for early investors.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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