The cryptocurrency market exhibits diverse trends. While Bitcoin investors enjoy near all-time highs, many altcoin investors experience setbacks.
Ethereum's network witnesses remarkable expansion, with 800,000 to 1,000,000 new wallets created weekly. This surpasses the figures from a year prior, despite lower prices, hinting at potential undervaluation.
Ethereum's supply is contracting due to transaction fee burns and reduced exchange holdings. Institutional interest remains robust, with 38 institutions holding over $3 billion in ETH, representing almost 1% of all circulating Ethereum.
Solana has introduced Solaxy, a Layer-2 solution designed to tackle scalability challenges. Solaxy's presale garnered over $26 million, and analysts anticipate a potential 10x price surge following its launch.