30s Summary
Predictions suggest the value of Ether could rise above $5,000, potentially reaching up to $15,000, in correlation with Bitcoin’s recent surge past $100,000. Meanwhile, Avalanche raised $250 million from over 40 companies in anticipation of its Avalanche9000 rollout. Telegram’s founder faced a Paris court over allegations his app facilitated criminal activity. Tether’s USDT stablecoin gained recognition from Abu Dhabi’s financial regulator as an accepted virtual asset. The Eigen Foundation pledged to allocate 1% of EIGEN tokens to Ethereum’s core developers. Lastly, most top cryptocurrencies recorded losses last week, with Worldcoin and EOS experiencing the highest declines.
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Experts are predicting Ether could rise above $5,000, with potential to reach highs of $15,000. These forecasts have led many to believe Ether could be the next big thing in cryptocurrency.
Avalanche, a key player in the crypto world, has recently raised $250 million from over 40 companies in anticipation of their Avalanche9000 rollout. This upgrade is tipped to be the biggest in the brand’s history.
According to analysts, Ether could skyrocket past $5,000 thanks to its close relationship with Bitcoin, which recently surpassed $100,000 for the first time on December 5. This predicted rise could make Ether one of the most valuable cryptocurrencies on the market.
Crypto analyst Titan of Crypto shared that Ether’s rise to a record $5,000 might be the minimum goal. This prediction is based on fractal patterns, which crypto traders use to identify potential trend reversals and key price points.
There’s good news for Avalanche as well. They’ve closed a $250 million private token sale just in time for the upcoming launch of their Avalanche9000 network upgrade. It’s pegged to be their most significant update ever, and with more than 40 companies buying into it, expectations are high.
Telegram founder Pavel Durov was reportedly questioned in a Paris court regarding his company’s messenger app, Telegram, allegedly facilitating criminal activity. This is the first time Durov has been questioned in court regarding these allegations.
The Abu Dhabi Global Market’s Financial Services Regulatory Authority has recognized Tether’s USDT stablecoin as an accepted virtual asset. Which means financial service providers within the ADGM can now offer services related to USDT, to facilitate its integration into the regulated financial system.
Lastly, the Eigen Foundation announced a commitment to allocate 1% of the EIGEN token supply to the Ethereum layer-1 blockchain’s core developers called the Protocol Guild.
According to market data, most of the top 100 cryptocurrencies by market capitalization had a rough week, with majority of them ending in negative territory. of the top 100, Worldcoin fell nearly 22%, marking the week’s worst decline, followed by EOS token falling over 21% on the weekly chart.