Satoshi

Elite

Show

ether.fi

RebelSatoshi

<p>Ether.fi (ETHFI) has seen its price increase today by more than 10%. This continues a bullish move that started earlier this month.</p>
<p>It began to spike following a bottom at $1.71. Today’s move makes it more than 60% price increase since it started to recover. What are the main triggers behind this growth?</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Next Big Airdrop?
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Notcoin airdrop on Telegram made millions to people. Don’t miss out on the <strong><a href="https://t.me/dogshouse_bot/join?startapp=lPBZdx-GSwePJnSgqNglpA" target="_blank" rel="noopener noreferrer nofollow">next TG airdrop</a></strong> by the same team – Dogs on Ton!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="staking-growth">Staking Growth</h2>
<p>The Ether.fi foundation announced on July 20 that its staking pool has seen more than 5.3 million ETHFI since it started. The announcement shows the support and confidence the community has in the token’s potential.</p>
<p>Furthermore, staking a token helps the price to remain stable, reduces the number in circulation and potentially makes the price grow.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Since the launch of ETHFI staking, over 5.3M ETHFI has already been staked! Thank you to our incredible community for your continued support. <a href="https://t.co/w5jBUKyXOz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/w5jBUKyXOz</a></p>— ether.fi Foundation (@ether_fi_Fdn) <a href="https://twitter.com/ether_fi_Fdn/status/1814681063915987369?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The continued and increasing staking amount, plus new users coming into the ecosystem, is catalyzing its price growth.</p>
<p>On Monday, July 22, <a href="https://x.com/ether_fi_Fdn/status/1815415010409218215" target="_blank" rel="noopener noreferrer nofollow">the developers also announced</a> updating the vesting claim period for season 2 ETHFI. Based on the post, the next claim will be available from Thursday, July 25.</p>
<h2 class="wp-block-heading" id="favourable-price-action">Favourable Price Action</h2>
<p>The price action is also triggering growth. The <a href="https://coinmarketcap.com/currencies/ether-fi-ethfi/" target="_blank" rel="noopener noreferrer nofollow">price of ETHFI </a>has been going up since the beginning of July after bouncing off the base of a descending channel.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-1024x484.png" alt="" class="wp-image-532195" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1003.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The price has been trading inside a descending channel since March. With the top of the channel serving as the resistance and the base as support.</p>
<p>When the price reaches the resistance, it starts to fall until it reaches the base support. And when it reaches the support, it starts to rise until it reaches the resistance.</p>
<p>The price is now getting close to the resistance and short-term investors may start to take profit, triggering a bearish move.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bitcoin-will-enter-parabolic-phase-soon-predicts-elite-crypto-analyst-but/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Will Enter ‘Parabolic Phase’ Soon, Predicts Elite Crypto Analyst, But…</a></em></strong></p>
<h2 class="wp-block-heading" id="anticipation-of-ethereum-etf">Anticipation of Ethereum ETF</h2>
<p>Additionally, there are rumors that the Ethereum Spot ETF may start trading this month.</p>
<p>In anticipation of this, investors have been investing into various Ethereum-linked assets to benefit from the potential spikes that might follow the launch. This has also been increasing the value of the ETH tokens.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-why-ether-fi-ethfi-crypto-price-is-pumping/" rel="noopener noreferrer nofollow">Here’s Why Ether.fi (ETHFI) Crypto Price Is Pumping</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Ether.fi (ETHFI) Crypto Price Is Pumping

Tabla de contenidos

CaptainAltcoin

Otros artículos publicados el 23 jul 2024

Hong Kong Expands Crypto Offerings With Inverse Bitcoin Futures

DYdX Trading Software Is Currently Under Negotiations While V3 Platform Still Works Stably

Solana Surges Past Major Cryptos

Apa Itu Stablecoin Crypto WUSD dalam Konteks Masa Depan Pembayaran Digital?

Samson Mow Slams ETH Ahead of Ethereum ETF Launch

Americans can now Trade Ether ETFs alongside Bitcoin ETFs

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!