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news-imageNovember 7, 2024

Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness

Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family's backing of World Liberty Finance - riling up DeFi-focused trades.
Publisher: Coindesk
Sentiment: Positive
ETH

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Positive
cover-imageCoingape
November 7, 2024

Dormant Ethereum Whale Returned With Donald Trump's Win Making $30M

November 6 was one of the biggest events in the crypto industry, as the polling results declared Donald Trump as the 47th President of the country. With that, the crypto trading market has witnessed quite a boost, leading to many dormant Ethereum whales returning to the market to benefit from the ETH price rally.

Positive
cover-imageCryptopolitan
November 7, 2024

Ether whales caught cashing out amid 13% price surge

Ethereum (ETH), the second-biggest crypto, took off on Thursday after Bitcoin (BTC) smashed the new all time high over Donald Trump's major win. Ether price surged by around 13% in the last 24 hours, keeping the market momentum bullish, as it was expected to be post elections.

Positive
cover-imageBenzinga
November 7, 2024

Dogecoin's Sister Coin First Neiro On Ethereum Jumps 53% To Top Daily Crypto Gainers List

Dog-themed meme coin First Neiro On Ethereum (NEIRO) emerged as the biggest beneficiary of the Donald Trump-induced cryptocurrency market rally Wednesday. What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, the inspiration of Dogecoin (CRYPTO: DOGE) and many dog-themed cryptocurrencies, swelled 53% over the last 24 hours.

Positive
cover-imageBenzinga
November 6, 2024

Bitcoin, Ethereum, Dogecoin Explode To New Highs: 'BTC Bull Market Is Locked And Loaded For 2025, Says Trader'

Cryptocurrency markets are trading higher as Donald Trump secured a second term in the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $75,833.12 +9.5% Ethereum (CRYPTO: ETH) $2,682.34 +11% Solana (CRYPTO: SOL) $188.34 +14.3% Dogecoin (CRYPTO: DOGE) $0.1952 +15.9% Shiba Inu (CRYPTO: SHIB) $0.00001883 +6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses falling by 4.4%.

Positive
cover-imageThe Currency Analytics
November 6, 2024

Ethereum's Influence in Solana's Booming Liquidity: A Cross-Chain Revolution

Solana's blockchain ecosystem has recently experienced a remarkable surge in liquidity, with more than $600 million bridged into the network in October 2024 alone. What's even more striking is that over 90% of this influx came from Ethereum (ETH), highlighting a growing trend of cross-chain collaboration and the shift toward Solana as a low-cost, high-speed alternative in decentralized finance (DeFi), NFTs, and other blockchain applications.

Positive
cover-imageCoindesk
November 6, 2024

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.

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