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The Ethereum price is up 6% in the last 24 hours to trade at $2392 as of 04:29 a.m. EST as trading volume jumped 82% to $25 billion.
This surge comes as a Donald Trump-linked portfolio sold $2.4 million ETH, according to blockchain data monitored by Arkham Intelligence over the past several months.
Looks like Donald Trump is selling his ETH.
3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million.
Based on the deposits, so far he's sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je
— Arkham (@ArkhamIntel) December 27, 2023
Around three weeks ago, he initiated transfers of ETH to Coinbase, following months of accruing Trump NFT royalties. At its peak, his balance reached $4 million. Judging by the deposits, he has currently sold 1,075 ETH, amounting to $2.4 million,” said Arkham.
The Ethereum Price: Bulls Trade The Ascending Triangle Pattern
A potential breakout above the ascending triangle pattern is possible as ETH aims for a new high.
The Ethereum price has been on a gradual uptrend, forming an ascending triangle pattern, which indicates a bullish trend continuation.
ETH bulls have driven the price above the 50-day and 200-day simple moving averages, affirming the bullish momentum and establishing short-term support levels.
The Relative Strength Index (RSI) is also bullish, indicating an upward movement from the midline level of 50 to 65, approaching the overbought threshold of 70.
The Ethereum Price: Bulls Target $3,000 Mark
As bullish momentum sustains, investors anticipate movements above the ascending triangle as they target a potential high of $3000, with expectations set for the first quarter of 2024.
However, a potential downside may occur, allowing bears to influence a decline in price toward the support zone at $2240.
As the price of Ethereum keeps surging, investors looking to make a quick 100X in 2024 should take a look at $SPONGE and Meme Kombat, which experts say are among the rising stars could be the best meme coins to buy in 2024.
Justin Sun Holds $43K Worth of $SPONGE, Prepare for 100X
SPONGEV2 is a new ERC-20 token on Ethereum, utilizing a stake-to-earn strategy. Sponge itself returned 100x gains earlier this year and Tron CEO Justin Sun holds $Sponge tokens worth $43,581.
Sun tweeted earlier in the year that he would buy low-cap meme coins that hold potential and clearly Sponge is among his favorites.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
The token currently sells for $0.000403, up from the V1 launch price of $0.000025, a 1,612% increase.
https://twitter.com/spongeoneth/status/1738877238907371738?s=20
The SPONGE V1 success story includes a $100 million market cap, a community of 13,000 holders, and an impressive 30,000 social followers.
Additionally, it has secured listings on over 10 centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.
https://twitter.com/spongeoneth/status/1736710430888739065?s=20
SPONGEV2 Staking and Play-to-Earn (P2E)
The SPONGEV2 staking feature offers stakers an impressive 625% annual percentage yield (APY). The staking will take four years, and you can claim your SPONGEV2 tokens through the official SPONGE website when it’s over.
The Sponge P2E game will present both a free and premium edition. In the free version, players can enjoy the game for leisure.
Meanwhile, the paid version allows users to utilize $SPONGEV2 tokens to acquire additional game credits, enhancing their opportunities to earn more $SPONGE.
Exciting News! 🧽🚀
There will be a free and paid version of the new Sponge #P2E game.
You can play for fun on the free version, or use $SPONGEV2 tokens to purchase additional game credits and earn more $SPONGE 😎#MemeCoin #Presale #Crypto pic.twitter.com/kJsqBY3wQ3
— $SPONGE (@spongeoneth) December 27, 2023
To acquire Sponge V2 tokens, connect your Web3 wallet to the official Sponge.vip website. You then swap for ETH or USDT for V2 tokens or use a bank card for direct purchases.
MK presale Crosses $5 million, 4 Hours left To Price Hike
The Meme Kombat (MK) presale has rocketed past the $5 million milestone to move within touching distance of its $6.5 million initial goal.
The MK tokens are priced at $0.268 but will increase in less than seven days.
An increasing number of investors are showing interest, anticipating considerable returns as they anticipate playing in season 1 of Kombat.
Meme Kombat allows players to wager on their preferred meme characters, with the potential for substantial rewards if their chosen characters win.
You can stake your acquired MK tokens, which offer an impressive 185% annual percentage yield (APY). This staking feature is particularly attractive to investors who view Meme Kombat as a significant player in the future of meme coins.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
ClayBro, an expert crypto analyst and YouTuber, recently featured Meme Kombat in one of his videos. He says that the MK token pre-sale could be one of the biggest meme gaming tokens of 2024, with massive returns.
To participate in the presale, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens there.
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