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Ethereum Surges Past $3,200 as Institutional Investors Flock to DeFi

Coin WorldThursday, Jan 30, 2025 3:33 am ET

1min read

Ethereum, the second-largest cryptocurrency by market capitalization, has surged above $3,200, marking a significant milestone in its ongoing bullish trend. This latest development comes amidst a broader shift in institutional investment towards decentralized finance (DeFi) and blockchain-based assets, as evidenced by the influx of over $5 billion into Ethereum ETFs since November 2024.

The Graph (GRT), another prominent cryptocurrency, has also been making waves with a bullish pattern that suggests an imminent breakout. Technical indicators point to a potential 15% upswing, supported by robust fundamentals such as $15.77 million in GRT outflows from exchanges, indicating accumulation by long-term holders. Additionally, 55% of leading traders have adopted long positions, further bolstering the positive outlook for The Graph.

Meanwhile, BlockDAG (BDAG) has garnered significant attention with its LAUNCH300 bonus, offering participants a chance to receive 300% extra BDAG coins for the next 48 hours. This unprecedented offer has sparked enthusiasm among crypto enthusiasts, who are quickly taking advantage of the opportunity to secure additional BDAG coins. The BDAG presale has already amassed $186 million and distributed over 18 billion coins, with the coin's value soaring by 2380% from $0.001 in the initial batch to $0.0248 in the latest batch 27.

The Ethereum ecosystem continues to evolve, with significant advancements such as the Shanghai upgrade facilitating efficient staked ETH withdrawals and blockchain's role in asset tokenization. These developments have made Ethereum ETFs a top pick for institutional investors, who are increasingly embracing DeFi and scalability features. As Ethereum ETFs witness an unprecedented upsurge in inflows, the cryptocurrency's influence in decentralized finance and asset tokenization continues to expand.

As the clock winds down on BlockDAG's LAUNCH300 bonus, enthusiasts are rushing to secure this unique offer before it expires. With projections suggesting that BDAG could reach $20 by 2027, driven by its growth and broader acceptance, the opportunity to enhance holdings at a discounted rate is too enticing for many to pass up. The BDAG presale continues to accelerate

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