This week, the cryptocurrency community has focused on price predictions for Dogecoin and Ethereum, triggered by recent news and market events.
Dogecoin Price Prediction: Rising Expectations
Dogecoin's price prediction looks optimistic following Elon Musk's announcement of a new political party, the "America Party", which led to DOGE surging over 5% within 24 hours. Some analysts suggest that DOGE could reach $0.33 by the end of 2025, and it is notable that accumulation of coins by large holders exceeded 1.1 billion DOGE over the last week, indicating renewed confidence among major investors.
Ethereum: Steady Growth and Institutional Investments
Ethereum is trading at $2,807.12, reflecting an 8.92% increase over the week. Institutional investments, such as GameSquare's recent $5 million purchase, highlight the interest in ETH as a cornerstone DeFi asset. Analysts believe that Ethereum has room for further growth, particularly as staking demand and ETF inflows increase.
New Projects in DeFi and Their Market Impact
Amid rising interest in DeFi, a new project preparing for launch in Q3 aims to provide PayFi solutions with low fees and fast transaction processing, making it appealing for users. The project also emphasizes its significance through an active community and interest in collaboration with e-commerce.
Thus, the current events in the cryptocurrency market, including the price increases of Dogecoin and Ethereum, along with announcements of new DeFi projects, create a positive environment for investment. It is expected that these projects will contribute to the further development of the cryptocurrency market.
