↑ EtherFi's ETHFI Coin Stirs the Crypto Market with Rapid Rise in Value
The Ether.fi cryptocurrency, denoted by its ticker ETHFI , has recently emerged as a popular coin in the cryptomarket. Primarily, the value of...
Ether.fi (ETHFI) has been making waves in the cryptocurrency market. Its price chart, current market cap and news reveal how this new project is already shaping its niche. Recently, Ether.fi's ETHFI recorded a jump of 50%, which analysts believe could positively affect the valuation of liquid restaking token airdrops. ETFSwap (ETFS) and Binance Coin (BNB) have reportedly been following a similar market cycle.
Interestingly, EtherFi Foundation has purchased a considerable amount of ETHFI and has successfully passed a major staking proposal on the Ethereum mainnet. This development coincided with major announcements such as Binance adopting Ether.Fi's ETHFI staking protocol as the 49th project on their launch pool. This adoption led to a significant price surge, recorded at 150%.
However, Ether.Fi's $210M airdrop sparked market turbulence causing its value to drop by 35%. Multiple factors, including investor activity and market jitters, contributed to this fall. Despite the price plunge after its trading debut, Binance, among other exchanges, enlisted ETHFI which peaked at an all-time high of $5.32.
Both Coinbase and Trader have forecasted a surge in ETHFI, AEVO, and ENA prices. Ether.Fi's token distribution adjustment was also met with community backlash, leading to the coin's further downward trajectory. Nonetheless, Ether.fi's ETHFI is set to launch on Binance Launch pool, allowing users to farm tokens by staking BNB and FDUSD. This launch, according to analysts, could be a game changer for ETHFI.
ETHFI Coin News Analytics from Sat, 19 Dec 2020 08:00:00 GMT to Thu, 05 Sep 2024 20:00:47 GMT - Rating -2 - Innovation 6 - Information 8 - Rumor 2