Ethereum Price Sees 7% Rise As New Green Crypto Etuktuk Nears $3M
Amid a broader market recovery, Ethereum has shown strength, pumping over 7% today.
Meanwhile, eco-friendly AI crypto eTukTuk is also outpacing the market, recently crossing the $2.8 million total raised mark.
Ethereum Jumps as Analysts Continued Gains
Ethereum is currently trading at $3.6K, up 7.6% today as it recovers from last week’s sell-off. Meanwhile, the total crypto market cap is up by 4.6%, illustrating that ETH has outperformed other cryptos.
However, analysts are bullish on the second-largest crypto, anticipating it could continue to surge in the coming months.
ETH has largely been overshadowed by SOL this year, up 95%, while SOL is up 787%. However, a recent mishap on Solana due to high network activity has damaged its user experience, with many transactions failing.
As such, Ethereum’s Uniswap has overtaken Solana’s leading DEX Jupiter in 24-hour trading volume after weeks of Jupiter’s dominance.
This has impacted Solana’s price performance against Ethereum, as evident on the SOLETH price chart.
SOL’s recent pullback against ETH creates a rejection of its macro resistance level, a bearish sign for SOL but bullish for ETH.
Prominent analyst Captain Faibik expects a bullish continuation for Ethereum. He predicts a move toward $4,800 and notes that “Ethereum hasn’t hit an all-time high yet,” a nod that Ethereum could catch up to Bitcoin, given that the market leader has already created an ATH this cycle.
Similarly, Jacob Canfield anticipates Ethereum will outpace Bitcoin on the four-hour chart.
“BTC made a massive push this morning to break range high resistance plus diagonal downtrend. But the real thing to watch is ETH, as it just put in a massive reversal candle on ETHBTC,” he wrote.
Reed Carlson also foresees notable upside for Ethereum, noting that it currently trades at “macro range lows.”
However, the analyst also highlights the bullish implications for the broader altcoin market as Ethereum’s price rises, speculating that “altcoins are ready for a strong rally.”
According to analysts, one of the most promising emerging altcoins is eTukTuk. It is currently in its presale and could explode following its IEO.
Green AI Presale eTukTuk Raises $2.8M and Offers 94% Staking APY
Presale cryptocurrency eTukTuk unlocks a new paradigm of innovative transportation, combining blockchain, AI, and electric vehicle technology into one protocol.
Widely anticipated to be the next crypto to explode, analyst Jacob Bury recently dubbed it a “New 10x potential green AI crypto.”
The project will strategically place AI-powered electric vehicles and charging stations in developing nations worldwide, starting with Sri Lanka.
In a display of commitment to its goal, eTukTuk has already partnered with Capital Maharaja Group, Sri Lanka’s largest privately held company.
Adding to its legitimacy, the eTukTuk team is doxxed and consists of well-versed specialists with experience across a slew of industries.
The project will integrate AI to ensure the efficiency and longevity of its vehicle fleet, helping with route optimization and predictive maintenance.
eTukTuk also boasts a Play-to-Earn game, which provides a high-octane way for users to generate rewards while bolstering the $TUK token’s utility.
In a two-pronged approach to user rewards, the platform offers a staking mechanism, currently providing a 94% APY. However, this will decrease as more tokens are staked.
What’s more, the current presale price is $0.0295, but this will rise throughout the campaign, with the next uptick in two days.
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Filed under: Bitcoin - @ April 9, 2024 8:15 am