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$ETH
ETH price is up 7% on June 10 with persistent
Ethereum
ETF flows and record open interest backing Ether’s upside potential.
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Ireji
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$ETH We now see ETH network revenues rising from an annual rate of $2.6B to $51B in 2030. Assuming ETH takes a 70% market among smart contract protocols, this implies a token price of $11.8k in 2030, which we discount to $5.3k today at a 12% cost of capital derived from ETH's recent beta.
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$RESOLV flying bomb🌪🔥#defi
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#CryptoRoundTableRemarks When it comes to crypto, it does not appear to me that the SEC is facing problems with ready or easy solutions. What we are facing is heightened expectations of rolling out major changes —quickly— to pave the way for crypto expansion into the capital markets.
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$INIT 🛌
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#MarketRebound The crypto market is experiencing a rebound, with the global cryptocurrency market capitalization reaching $2.7 trillion. Bitcoin is leading the charge, trading above its 50-day moving average at around $85,700, and attempting to reverse its downtrend. Other major cryptocurrencies like Ethereum and Solana are also showing strength. Recent Market Movements: - Bitcoin (BTC): Surged over 4% to $110,500, driven by institutional inflows through Bitcoin ETFs, which have pumped $2.8 billion into the market in May alone. - Ethereum (ETH):Posted a 6.7% gain, testing the upper boundary of its consolidation pattern between $2,700 and $2,740. A breakout above this level could pave the way for further gains. - Solana:Added 20% over the past seven days, attempting to get back into the bull market zone. A consolidation above its 50-day moving average near $130 could open the way to $145. - XRP: Surged 10% on institutional recognition, including its addition to the Nasdaq Crypto US Settlement Price Index. Ripple's expanding global adoption further supports the bullish case for XRP price. - Dogecoin (DOGE):Rebounded 5.5%, but remains below the 50- and 200-day exponential moving averages. A break above the $0.20 resistance level could relieve selling pressure Market Outlook: The current rally is driven by a combination of factors, including: - Institutional Adoption:Increased investment in crypto funds and ETFs. - Technical Breakouts:Positive chart patterns and breakouts above key resistance levels. - Fundamental Developments: Improvements in blockchain technology and growing adoption. - Regulatory Clarity: Increasingly crypto-friendly policies and clearer regulatory frameworks . Keep in mind that the crypto market is known for its volatility, and prices can fluctuate rapidly. These movements are subject to change based on various market and economic factors.
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