#CryptoComeback The #CryptoComeback is gaining momentum, driven by recent positive developments in the crypto space. Here are some key factors contributing to this resurgence¹ ² ³:
- *Institutional Investment*: A US Federal Regulator has confirmed that regulated banks can now buy, sell, and custody cryptocurrency, paving the way for mainstream adoption.
- *Bitcoin's Price Surge*: Bitcoin has surpassed $103,000, fueled by rising institutional interest and global trade optimism. Analysts predict potential growth to $120,000 or even $200,000 by the end of 2025.
- *Ethereum's Rebound*: Ethereum has broken the $2,200 mark, driven by a 22% surge in price and a significant increase in Total Value Locked (TVL) on the network. The recent Pectra update aims to enhance scalability and support this momentum.
- *Market Sentiment*: Confidence among crypto investors has returned, with the total cryptocurrency market capitalization exceeding $3.2 trillion. Growing institutional involvement and favorable macroeconomic conditions are supporting this upward trend.
Some notable predictions and trends include⁴:
- *Solaxy's Presale Success*: Solaxy, a Solana Layer-2 blockchain, has raised $32.6 million in its presale, addressing Solana's congestion issues and offering passive income to holders.
- *JellyJelly's Token Surge*: JellyJelly's token has surged to a 40M market cap, driven by the company's updates and the involvement of big-name figures like Iqram Magdon-Ismail and Sam Lessin.