Top stories this week
- Solana Surpasses Ethereum in Several Categories
Recently, Solana has reportedly surpassed Ethereum on multiple fronts including DEX volumes and search interests. - Vitalik Buterin Unveils Ethereum’s 2024 Roadmap
Ethereum co-founder Vitalik Buterin shares his objectives and roadmap for Ethereum, emphasizing a return to the original ‘cypherpunk’ ideals of the platform. - Implications of Spot Bitcoin ETF Approval
Experts analyze the potential impact of spot Bitcoin ETF approvals, with some suggesting it could trigger a ‘sell the news’ event. - Hong Kong Ahead in Bitcoin ETF Approval
Hong Kong seems to be leading the race in approving a Bitcoin ETF, which could potentially boost the region’s cryptocurrency industry. - Avalanche Foundation’s Interest in Meme Coins
The Avalanche Foundation announces its plans to buy meme coins as part of its ‘Culture Catalyst’ initiative, showcasing an interest in the meme coin market. - Michael Saylor Plans to Sell MicroStrategy Shares
Michael Saylor, the Co-founder of Microstrategy, reveals his plans to sell $216 million worth of company shares potentially to buy more Bitcoin. - Cryptocurrency Surpassing Shiba Inu
A new cryptocurrency is reportedly outperforming the popular token Shiba Inu, stirring up the crypto community. - JPMorgan to Participate in Blackrock’s Bitcoin ETF
Blackrock names JPMorgan as an Authorized Participant for Spot Bitcoin ETF, despite CEO Jamie Dimon’s previous anti-crypto statements. - Cathie Wood’s ARK Changes Bitcoin Portfolio
ARK Invest Fund, headed by Cathie Wood, sells off its remaining GBTC shares to invest in the Bitcoin Futures ETF, indicating a shift in investment strategy. - Top Crypto Airdrops for January 2024
Highlights of the most promising crypto airdrops scheduled for January 2024, featuring prominent cryptocurrencies and upcoming projects.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
Sei (SEI)
Sei (SEI) has been exhibiting impressive price growth, with a rise of 7.86% in the last 24 hours and a weekly jump of 47.52%. This surge stems from several positive advancements such as the unveiling of Sei V2 which supports both Ethereum Virtual Machine (EVM) and Cosmwasm, leading to growing investor interest. Meanwhile, SEI’s claim of becoming the first parallelized EVM chain has stoked enthusiasm and positive analysis positions it as a potential high performer 2024. Besides, the SEI price hit a new high with the launch of Sponge v2 token offering alternative speculative avenues, making it a top choice among investors and analysts.
Read more on: coingape.com, cryptopotato.comEthereum Name Service (ENS)
The Ethereum Name Service (ENS) has experienced a significant surge in values with a 46.29% hike in the last 24 hours and a 47.25% increase within the week. The recent burn proposals by Terra Luna Classic community and Binance, along with a decision for close to 8 million USTC burn have sparked investor interest in ENS. New partnerships, the impressive performance of altcoins like Solana, and the possible approval of Bitcoin ETFs are also factors contributing to this bullish trend. This alluring performance has leveraged investor confidence, pushing the ENS price upwards.
Read more on: coindesk.comArbitrum (ARB)
The Arbitrum network, a layer-2 Ethereum scaling solution, has displayed substantial growth and technological advancements recently, contributing to an upward trajectory in its value. The ARB token has surged by over 30% in the past week, partially due to its increased adoption caused by a surge in on-chain transactions and Total Value Locked (TVL) reaching all-time highs of $10 billion. This positive trend is further bolstered by the anticipation of strategic partnerships with other platforms and projects for 2024. Predictions suggest that the price may continue upward, potentially breaking the $2 mark in the near future.
Read more on: cryptopotato.com, www.cryptopolitan.com, thenewscrypto.comSKALE (SKL)
Impressive growth has happened to SKALE Network’s token (SKL) as rising transactions and expansion in its user base fuel the surge. Bulls have pushed SKL’s value up to $0.0930, 375% higher than October’s worst performance, contributing to a weekly increase of 23.25%. In addition, the coin posted a notable 6.41% value hike over the past 24 hours, buoyed by the ecosystem user count increase, attesting to SKALE’s steady climb on market charts.Lido DAO (LDO)
The price of Lido DAO (LDO) has been on an upward trend, experiencing a growth of +6.46% in the last 24 hours and +16.73% for the week, backed by multiple growth indicators. The coin shows promising future predictions, with Lido holding a dominant 76% share in the ETH staking market and an investor recently staking $69 million in Lido’s staking pool. However, despite facing legal challenges, it enjoyed inflows of smart money and enhanced trader sentiment, becoming the top gainer. The surge in LDO’s popularity led to an increased interest in the liquid staking sector, resulting in LDO being recognized as a vital player in the space, enhancing the coin’s value.
Read more on: coinpedia.org, cryptonews.com
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