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The Eigenlayer price rose 8% in the last 24 hours to trade at $4.31 as of 03:27 a.m. EST on trading volume of $366 million.
This comes after the token debuted on several centralized exchanges (CEXs) with a fully diluted value (FDV) of $6.51 billion and a market capitalization of $789.5 million.
There are already 1.67 billion EIGEN tokens in the market, including 86 million tokens that were airdropped to users who interacted with the protocol this year.
Today the @EigenFoundation announced the unlocking of the EIGEN token!
This is a major leap forward for the @eigenlayer ecosystem, opening up new avenues for shared security, open innovation, and broader participation.
More ↓ https://t.co/3X8BAsiRmM
— EigenLayer (@eigenlayer) October 1, 2024
Eigenlayer Price Set To Soar
After its debut, the Eigenlayer price soared to an all-time high of $4.47 but still remains above the rising channel (above the white trendline), according to data from GeckoTerminal.
The 9-period moving average is marked at $4.2016, which is below the current price, indicating some upward momentum.
Moreover, the RSI is 52.35, which suggests that the asset is in a neutral zone, neither overbought nor oversold.
If the bulls take advantage of the price moving along the rising channel, EIGEN could soar even higher, as the bulls target new highs in the coming days. It seems that the price is stabilizing above the trendline with the potential for a breakout.
In a scenario where the bulls take charge, the price of Eigenlayer could surge, as the bulls target $5.
However, if the bears take charge of the price to breach the channel’s lower boundary, the price of Eigenlayer could plunge towards the $4.0 support level.
Meanwhile, as the Eigenlayer price aims for a bullish trend continuation, investors are also buying into the Crypto All-Stars (STARS) presale, which has amassed over $1.8 million in less than two months.
Jacob Bury, a crypto YouTuber with over 42K subscribers, says that $STARS has the potential to soar 10X after its launch.
Crypto All-Stars Amasses Over $1.88 Million – Best Meme Coin To Buy Now?
The Crypto All-Stars presale is rocketing towards $2 million for its $STARS token. It’s a project that stands out for introducing the first unified staking protocol for meme coins via its breakthrough MemeVault protocol.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
The meme coins that can be staked on Crypto All-Stars include Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
You can also buy and stake $STARS for an astonishing annual percentage yield (APY) of 793%.
The crypto is selling currently for $0.0014796. With a price hike coming in less than 3 days, don’t wait too long to lock in the best possible deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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