Ethereum Analyst Bullish on ETF Approval, Predicts Market Shift to Established Projects

Ethereum’s price hovers around $3,000, with potential for an upswing if it surpasses resistance at $3,080. Analyst Altcoin Psycho sees an opportunity in the potential approval of an Ethereum ETF, suggesting that accumulating ETH below $3,000 could be strategic. Additionally, there is discussion about a shift in market focus from meme coins to established crypto projects and optimism regarding the future of AI in the crypto space. In a separate development, connections between Ethereum Foundation staff members and EigenLayer entities have sparked discussions concerning potential conflicts of interest. Ethereum researcher Justin Drake’s involvement with EigenLabs has raised questions, although he has pledged transparency and commitment to the Ethereum community.

read more

Coinbase Considers Adding Akash Network (AKT) to Its Listing Roadmap

A top US crypto exchange, Coinbase, has announced the potential future listing of the AI altcoin project, Akash Network (AKT). This news has caused a significant surge in AKT’s value, with influential figures in the crypto industry expressing bullish sentiments about the project’s potential. Akash Network is a decentralized open-source cloud network that supports various applications, including decentralized finance (DeFi), machine learning, blockchains, and AI.

read more