Ethereum has claimed the top spot for blockchain revenue in 2024, generating a staggering $1.9 billion. This positions Ethereum ahead of its competitors, further solidifying its dominance in the decentralized ecosystem. Meanwhile, Solana secured the third position with a revenue of $374 million, showcasing strong performance but still trailing Ethereum by a significant margin. NOW: Ethereum ranked 1st in 2024 for the highest revenue among blockchains, with $1.9B. Solana finished 3rd with $374m in revenue last year. pic.twitter.com/xOVO8lRhHv — Cointelegraph (@Cointelegraph) January 10, 2025 Ethereum Retests Key Channel Ethereum is currently retesting a crucial price channel, a formation that could signal a major market shift. Historical data suggests that when Ethereum follows the path of converging consolidation and channel patterns, it often leads to significant price surges. If this trend holds true, investors might see a substantial upward movement in the coming months. Ethereum Spot ETF Outflows Despite Ethereum’s revenue success, on January 10, Ethereum spot ETFs experienced a total net outflow of $68.48 million. The largest contributor to this outflow was Fidelity’s Ethereum ETF (FETH), which saw a notable $65.43 million exit in a single day. This could indicate a temporary shift in investor sentiment or a response to broader market conditions. On January 10, the total net outflow of Ethereum spot ETFs was $68.4788 million. The Ethereum spot ETF with the largest net outflow in a single day yesterday was Fidelity ETF FETH, with a net outflow of $65.43 million in a single day. https://t.co/Tvs2oCS03I pic.twitter.com/XK8da93TOA — Wu Blockchain (@WuBlockchain) January 11, 2025 Looking Ahead As Ethereum continues to retest key levels, the market is closely watching for potential breakout opportunities. While recent outflows from Ethereum spot ETFs have raised concerns, the larger narrative of Ethereum’s dominance and historical price patterns remains bullish. With a strong revenue performance and potential for a surge, Ethereum’s prospects in the coming months look promising. #Ethereum is currently retesting the channel If $ETH follows its history of the formations of converging consolidation and channel patterns, a massive surge could occur in a few months. pic.twitter.com/cw7UTbp20l — Trader Tardigrade (@TATrader_Alan) January 11, 2025 Conclusion Ethereum’s revenue performance in 2024 places it firmly at the top of the blockchain sector. While short-term outflows from Ethereum ETFs may cause some hesitation, long-term investors are likely to remain optimistic about Ethereum’s future, especially given its historical patterns and current market behavior. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: iloveotto/ 123RF // Image Effects by Colorcinch
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Tether moves headquarters to El Salvador following DASP license approval
Tether relocates to El Salvador, securing a DASP license to champion Bitcoin adoption and financial inclusion in emerging markets. The post Tether moves headquarters to El Salvador following DASP license approval appeared first on Crypto Briefing . NullTx
Ripple Poised to Surpass ATH As Influence From $RLUSD Surges; Lunex Network Rapidly Smashes Peak Levels in Presale
The post Ripple Poised to Surpass ATH As Influence From $RLUSD Surges; Lunex Network Rapidly Smashes Peak Levels in Presale appeared first on Coinpedia Fintech News Having suffered legal issues for most of 2024, it was only normal that a lot of investors were surprised when the XRP token climbed well above $2 from a lower level around $0.5. Now stabilized above $2.40 and now launched its $RLUSD stablecoin, investors anticipate further growth for the XRP price. In the midst of a positive Ripple (XRP) market, savvy investors are exploring low-cap gems with equal or more growth potential than Ripple coin. As a result, many are stumbling upon Lunex Network , as it positions itself as a solid DeFi contender with robust features including a multichain DEX, designed to allow wide interoperability over 40 blockchain networks. Ripple Coin Shows Bullish Strength By Surges By Over 10% In The Past Week Having progressed by over $2 from a lower range around $0.5 in October 2024, it’s safe to say Ripple (XRP) has held itself strongly and also rode the bullish wave excellently this market cycle. Although its price has fallen by over 3% what where it was in the past month, XRP token has risen by over 11% in the past week, climbing over the $2.40 range. Several crypto analysts are already bullish on Ripple due to the latest launch of its stablecoin, $RLUSD, which is poised to increase liquidity on the Ripple network. SirRobArtll1, anonymous crypto analyst, highlighted the possibility of Ripple coin hitting $4 very soon. Another analyst, Mr Xoom discussed the growth potential of Ripple on X (formerly Twitter), where he highlighted that Ripple price will potentially hit a target of $6 or $7 by the end of January. Investors are generally confident that Ripple coin can break higher levels this year as Bitcoin continues to rise this year, presenting it as a top crypto to buy this year. Lunex Network Poised To Surpass Some Of The Top DeFi Platforms This Year The Lunex Network (LNEX) has shown that it has the strength needed to transverse through the DeFi market successfully. Given its non-custodial and multi-chain DEX, which comes with extra features that will allow it challenge the likes of Binance (BNB). With additional cheaper transactional rate, surplus liquidity, B2B payment gateway and a Portfolio Tracker, this new DeFi platform is slated to dominate a considerable size of the DeFi market. Its unique B2B payment gateway tackles the issues that merchants face with cross-border payments, so Lunex Network enables merchants to accept crypto as payment worldwide. Moreover, its DEX protocol allows users to trade over 50,000 cryptocurrencies pairs across up to 40 or more blockchain networks while also allowing users to store their assets in a safe, secure and transaction wallet. With regular market insights that come from its Portfolio Tracker, the platform also allows users to manage their assets strategically. As the DeFi market grows, Lunex Network is poised to skyrocket its growth especially as it continues to gain traction. To top it all, its native token is built with a deflationary nature which automatically generates more value through its reduction in supply. The LNEX is currently sold for $0.0054 after rising over 350% from $0.0012 to accumulate over $6.2 million in presale revenue. Its projected massive rise after its presale has also added to its value as a top crypto to buy. Is Ripple A Tough Challenge For Lunex Network to Surpass? Ripple has already established its dominance in the DeFi market and with its $RLUSD stablecoin launch, it serves as a befitting challenge for Lunex Network. However, Lunex’s innovative DeFi features and rapid presale success could help it carve out a surpass Ripple easily if its momentum spikes. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork NullTx