Ether.fi's native token, ETHFI, has been seeing significant fluctuations. The token jumped 50% recently, which could potentially boost valuations for liquid restaking token airdrops according to analysts. Moreover, ETHFI, alongside ETFSwap (ETFS) and Binance coin (BNB), is going through the current market cycle. The ETHFI Foundation acquired ETHFI and has passed a major staking proposal on the Ethereum Mainnet. Notably, ETHFI's staking protocol became the 49th Project on Binance Launchpool. Coinciding with events, ETHFI prices surged up to 150% in a week.
Moreover, amidst growing support, Ether.fi's ETHFI token is now available for trading on South Korea's Upbit and Bithumb, as well as prevalent exchanges like Coinbase and Binance. ETHFI aims to ease its migration process to separate multi-sig wallets. In the face of community backlash, ETHFI also adjusted its token distribution. However, Binance's listing of ETHFI and other tokens has raised eyebrows in the community as some tokens crashed and burned after listing.
Despite debuting a 20% fall, ETHFI's price jumped 7% amid its significant Ether.fi listing update. The coin's price is expected to rise further in this bull run. The ETHFI token, prevalent because of Ether.fi's innovative Liquid Restaking Protocol, is nearing release on Binance Launchpool. Investors are excited about the potential for ETHFI and look forward to impending rallies for Dogecoin and other Ethereum-based Altcoins.
However, the EtherFi airdrop and the surprising $360 Million market cap of Ether.Fi's newly airdropped governance token sparked controversy, leading to a 35% value drop due to ETHFI's $210M airdrop, causing market turbulence. Ether.Fi's partnerships like with Scroll to unveil a new Visa 'Cash' card are also creating ripples in the market. Meanwhile, the crypto community is looking forward to the next wave of ETHFI airdrops.
ETHFI Coin News Analytics from Mon, 31 Jul 2023 07:00:00 GMT to Sat, 05 Oct 2024 17:58:00 GMT - Rating 4 - Innovation 2 - Information 5 - Rumor -4