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Bitcoin‘s recent halving has turned all eyes towards potential price increases. Despite these expectations, the desired price surge has not yet started. Meanwhile, Bitcoin and cryptocurrency investors are shifting their focus to altcoins such as Ethereum, Shiba Inu, and Terra (LUNA).
Is It Time to Buy Ethereum?
Last night, significant news dropped like a bomb in the market. The listing of Franklin’s ETF stirred excitement in the cryptocurrency world.
Listed under the name EZET at the US DTCC, the impact of Franklin’s ETF was eagerly anticipated. Following the news, Ethereum (ETH), which had been declining, experienced a noticeable price recovery.
As of writing, ETH has risen over 3%, continuing to trade at $3,247. Today’s gains also influenced the weekly outlook, showing an increase of over 3% on a weekly basis.
Investors remain cautious about whether to buy ETH, focusing on the all-time high (ATH) in 2021 and the recent peak of $4,000 last month.
Since its inception, ETH has been closely followed by BTC, with many analysts predicting potential rises in the future.
Previously, officials from Blackrock and Standard Chartered also made statements that ETH could rise. Despite these optimistic expectations, it’s important to remember that prices could fall due to geopolitical and macroeconomic factors.
The Future of Shiba Inu
Meme coins remain at the top of the list for those with high expectations for cryptocurrency gains.
Dogecoin‘s (DOGE) biggest competitor, SHIB, continues to see daily developments and maintains its position as the 11th largest by market cap. Since its emergence, SHIB has risen thousands of times and its investors remain optimistic.
Recently, the burn rate surged over 2000%, and today, it saw another increase of over 900%, drawing the entire market’s attention to the meme coin.
SHIB price, despite these burns, did not show the expected rise and is currently trading at $0.00002471 following a 3% drop.
Statements made by a key figure, LUCIE, shed light on the company’s future. Innovations announced about Shibarium and Layer-3 are seen as initiatives focused on boosting SHIB’s price.
What is Terra (LUNA)’s Current Price?
In May 2022, Do Kwon and the Terra Foundation caused a major disruption in the market. Following a historic peak, LUNA failed to recover and significantly declined.
After these events, LUNA took on a completely different identity, showing a modest decrease of 0.82% over the last 24 hours. The price has fallen to $0.6147.
LUNA’s market cap has dropped to $444 million, ranking it 150th in the market. The 24-hour trading volume has also decreased by 35%, now at $23 million.
