EigenLayer priceEIGEN

$EIGEN is a solid project...bought at 2.47 and not gonna sell before 10usd price at any cost. a safe trade and the most trusted trade for short term. recommended to buy at current price, breakout is near🤝💸

$EIGEN 📊 EIGEN/USDT Technical Analysis: Strong Setup for Potential Gains 🚀 The price of EIGEN/USDT is currently trading at 5.033 USDT, showing a solid foundation for a potential breakout. Here’s the key technical analysis: 🔍 Key Levels to Watch: Support: The nearest support is at 4.900 USDT, where the price has previously bounced and found solid buyer interest Resistance: The key resistance level to watch is 5.100 USDT—a break above this could signal a strong bullish move. 📈 Strategy Insight: A break and close above 5.100 USDT with rising volume could open the path for further gains, targeting 5.200 - 5.300 USDT. Traders seeking lower-risk entries may want to look for a retracement to 4.900 - 4.950 USDT for a potential bounce back to the upside. 💡 Market Sentiment: EIGEN is consolidating near resistance, signaling possible accumulation. A breakout above 5.100 USDT could trigger the next leg up in price action. 🚀 Key Takeaway: Watch for a decisive move above 5.100 USDT—this could unlock a strong rally toward higher targets. Stay sharp and trade smart! 📊🔥

$EIGEN Eigen has marked a new Ath today and standing above its support if we get a Daily closing above that support eigen will surprise us in coming days✍️🚀

Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including popular stablecoins such as USDC. Ethereum research firm Eigen Labs, the company behind restaking platform Eigenlayer, announced ERC-20 token restaking in August. But why would a node operator hold a stablecoin as collateral instead of another type of token – typically a much more volatile one – that generates yield? Crypto research firm Gauntlet recently published a blog post explaining that the use of stablecoins not only improves security, but it also improves yields on a risk-adjusted basis. “There are a number of circumstances where the addition of stablecoins increases the risk-adjusted yield for node operators while simultaneously lowering the volatility in the amount of security held by networks,” the blog post states. Essentially, stablecoins, while not directly generating yield, can provide lower economic risk for node operators resulting in higher returns when risk is factored into the equation. An example of such risk, the post states, is where a malicious entity profits from corruption due to volatile assets, also known as a “corruption attack.” “Low-volatility stablecoins, such as USDC, are the most robust choice against corruption attacks in a single-collateral setting,” the post goes on to say. That benefit of stablecoins extends to multi-asset collateral as well, according to Gauntlet, even where collateral value drops significantly from its peak price, a situation known as a drawdown. “Even in cases where ETH experiences large drawdowns (like the 22.5% drawdown ETH experienced on August 4th, 2024), stablecoin collateral can still defend economic security by making corruption attacks prohibitively expensive,” the post states. “This is a unique feature of stablecoin collateral that is not provided by any other collateral type.” Jeremy Allaire, CEO of Circle, the company behind USDC, praised the research and said that “USDC is starting to be foundational to crypto economic security.”$ETH

7Market Movers of the Day 🚀 Top performers over the past 24 hours: * $SUSHI (SushiSwap) 🍣 - Up 33.83% - Price: $2.516 - Market Cap: $659.62M Decentralized exchange token making big moves! Keep an eye on its growing DeFi adoption. * $AMP (Amp) ⚡ - Up 11.47% - Price: $0.01202 - Market Cap: $977.83M A collateral token ensuring secure payments—great for those interested in payment-focused projects. * $EIGEN - Up 8.44% - Price: $4.897 - Market Cap: $1.03B Eigen's momentum signals strong interest in its innovative staking ecosystem. * $SUPER (SuperFarm) 🦸‍♂️ - Up 7.66% - Price: $2.075 - Market Cap: $1.01B A strong contender in the NFT and gaming space. Could this rally continue? * #1INCH (1inch Network) 🔗 - Up 7.97% - Price: $0.5756 - Market Cap: $800.16M Known for aggregating liquidity across decentralized exchanges—an essential tool for DeFi users. * #ETHDYDX - Up 7.39% - Price: $2.566 - Market Cap: $563.99M A strategic asset tracking DYDX performance against Ethereum, showing consistent gains. * $DYDX (dYdX) 📈 - Up 7.61% - Price: $2.566 - Market Cap: $1.65B The derivatives exchange token has gained traction. DeFi traders, this one's for you! * $BEAM 🔦 - Up 6.59% - Price: $0.03614 - Market Cap: $1.80B Privacy-focused blockchain with steady growth—watch out for this hidden gem! * $MNT - Up 6.72% - Price: $1.243 - Market Cap: $4.18B Strong fundamentals and a growing market cap highlight its potential as a solid long-term play. * $ATH - Up 6.62% - Price: $0.08654 - Market Cap: $451.58M Another promising project showing resilience and growth potential. Coins to Watch Out For: * #SUSHI 🍣: Momentum in DeFi could drive its price even higher. * #AMP ⚡: A payment powerhouse with real-world use cases. * #DYDX 📈: Its focus on decentralized derivatives makes it a top DeFi contender. Are any of them in your portfolio?