Ether approaches the $4,000 mark thanks to growing investor interest and expectations of positive regulations.
Ether's Rally Towards $4,000
Ether's price has seen upward momentum with increasing interest from investors. The expected reduction in regulatory scrutiny after Donald Trump's inauguration may positively impact the crypto market. The decrease in open interest for Bitcoin suggests a strategic repositioning by investors rather than widespread liquidations.
Dogecoin Surpasses Porsche in Market Cap
Dogecoin has overtaken the market capitalization of German automaker Porsche, driven by Elon Musk's endorsements and the potential launch of an exchange-traded product. Dogecoin's market cap has surged 175% over the past month.
Ethereum Layer 2 Growth
Ethereum continues to show considerable growth with its Layer 2 networks reaching a cumulative total value locked (TVL) of $51.5 billion, marking an over 205% increase in the past year.
Ether shows significant growth potential, supported by favorable market changes and strong investor backing.
