Popular tier-2 cryptocurrencies such as EOS, IOTA, and Hedera Hashgraph were among the biggest gainers on Friday as Bitcoin found resistance at $97,000.
eos (Eos) to $0.9570, up more than 36% from December lows, and pushing its valuation to more than $1.2 billion. The token jump was prompted by Binance announcing an airdrop to boost its Annual Percentage Rate (APR) through the BNSOL Super Stake program. The boost will begin on January 6 and last until January 20, when users are scheduled to receive 320,656 EOS tokens worth approximately $300,000.
EOS, launched by Block.one, has delivered a strong performance in 2024 as its turnaround strategy advances. Its total value is closed at Decentralized finance The industry space has increased even more $254 millionsupported by projects such as EOS Rex, Defibox and Paycash.
Hedera Hashgraph (HBAR) by more than 10%, reaching a high of $0.3200. The token is up more than 630% from its lows in 2024. Its recent rise is linked to speculation about the potential creation of a HBAR ETF, with expectations growing ahead of Donald Trump's swearing-in later this month.
Eric Balchunas, head of ETF strategy at Bloomberg, expects the SEC will do just that Spot HBAR ETF approved. He noted that the agency had not previously classified Hedera as a security, which increases the likelihood of approval.
The Hedera ecosystem has also seen growth, with total TVL rising to $186 million, supported by platforms like Stader, Bonzo Finance, and HLiquity.
iota (corn) The price rose for three consecutive days, forming a bullish chart pattern known as the “Three White Crows,” which is characterized by three consecutive bullish candles.
IOTA recovery, which We expectedbecause, as shown below, the token formed a falling wedge and double bottom pattern at $0.2785. She also wore before Fox upgradewhich will offer more features such as staking, complete decentralization, and parallel MoveVM.
Bitcoin price finds resistance at $97,000
These tokens rose as Bitcoin (BTC) price stalled at the important resistance level at $97,000 after rising for four straight days.
Looking to the future, Bitcoin and these altcoins will react to what is coming Gary Gensler resignation At the Securities and Exchange Commission. Gensler, widely seen as an anti-crypto regulator, will be replaced by... Paul Atkins, Which supports the industry.
Cryptocurrencies may also see renewed momentum ahead of Donald Trump's inauguration on January 20. Trump has changed his stance and become vocal about supporting the cryptocurrency industry. according to ArkhamIt holds more than $9.4 million in crypto tokens.
His company, World Liberty Financial, has ended $78.7 million In the assets. While the market is counting on a Trump victory, there are expectations that cryptocurrency prices may rise further as the inauguration approaches.
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