The price of EigenLayer cryptocurrency has surged over the last 24 hours, prompting investors to rush to buy.
EigenLayer Surge
EigenLayer's prices soared 8% in the last 24 hours, reaching $4.04. This entry has allowed the project to rank 84th among the top 100 cryptocurrencies by CoinMarketCap. EigenLayer's current market cap stands at $753.6 million.
Technical Analysis
EigenLayer price has entered a consolidation channel between $3.655 and $4.195. A symmetrical triangle on the EIGEN/USDT 1-hour chart indicates a potential strong move. If the price breaks upward, it might reach resistance at $4.195, $4.587, and $4.978. A downward move could see prices dropping below the $3.655 support.
Meme Coin Stability
Meme coins have performed excellently this year, drawing large investments which created strain on large blockchains like Solana and TON. The new project Pepe Unchained aims to resolve this by easing transaction workloads using layer-2 technology. Initially focusing on the PEPE token, the project ensures faster transactions and has launched a developer grant program.
The consistent growth of EigenLayer and the focus on scalability solutions highlight the importance of innovation and technological advancements in the crypto industry.
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