Ethereum News Today: Crypto Market Hits $4 Trillion Valuation Driven by Ethereum and Altcoins

The cryptocurrency market has reached a significant milestone, achieving a $4 trillion valuation for the first time. This surge is primarily driven by the remarkable rallies in Ethereum and other promising altcoins within its ecosystem, indicating a potential shift from Bitcoin's dominance towards higher-beta altcoins. Among the altcoins poised to benefit from Ethereum's momentum is Shiba Inu (SHIB).

Shiba Inu's price has maintained stability above crucial support levels in recent days, but this is expected to change as bulls target a 30% increase before August. Another cryptocurrency with substantial market potential is Remittix, with its market potential nearing a 100x increase. Analysts are highly optimistic about Remittix, particularly as its ongoing presale gains traction. Many believe it could create millionaires by 2025.

Shiba Inu's price is showing strong indications of a near-term breakout, fueled by the bullish sentiment surrounding Ethereum. An analyst recently noted the formation of a golden cross on SHIB’s chart, a bullish signal that often precedes significant upward movements. This development, along with a rise in SHIB trading volume and renewed interest in meme tokens, has encouraged buyers to push for new highs, targeting a potential 30% price rally for SHIB before the end of July. At the time of reporting, Shiba Inu's price is trading near a key price range, and a breakout could trigger the next leg up.

Shiba Inu's connection to Ethereum through Shibarium and its broader ecosystem could provide buyers with an advantage in the latter part of 2025. However, the growth trajectory of Shiba Inu's price could still be influenced by broader market rotations and competition from other meme coins.

Remittix (RTX) is a new PayFi protocol designed to address one of the major inefficiencies in the crypto market: the lack of seamless, real-world payment solutions. Its infrastructure is robust, and its integrations are impressive, enabling RTX to facilitate direct crypto-to-fiat payments instantaneously across borders. Smart money is increasingly moving towards Remittix for several reasons: it has a working infrastructure, is a utility-first token with real volume use cases, and retail investment is likely to follow whale activity. Additionally, multiple listings are expected after its launch in the third quarter of this year.

Remittix recently launched a giveaway where ten lucky winners will each receive $25,000 worth of RTX tokens. Participants can enter the competition and boost their odds by sharing and completing bonus tasks. While Shiba Inu may offer a 30% return, Remittix has the potential to provide early retirement for investors by 2025.