CandleFocus Eigenlayer (EIGEN) Pumps Hard Amid Binance Listing: Is $10 Within Reach?
2024-10-01
Author: Content Editor
The bullish trend in Eigenlayer (EIGEN) is expected to continue as the listing gains surpass $4 in a single day. Following Binance's announcement to list Eigenlayer, other major exchanges, including KuCoin and Bitget, have also added EIGEN to their offerings. Coinbase has announced the transition of the EIGEN-PERP pre-launch market into a standard perpetual futures market. The surge in demand has led to a market cap of $767 million and EIGEN reaching a market price of $4.30. Although there is a consolidation phase and a slight dip in trading volume, the sideways trend indicates that buyers are holding onto their purchases. There is potential for a double-bottom reversal and the altcoin may reach $10 if the uptrend is sustained, driven by strong demand and improving market sentiments. However, future targets remain uncertain due to the lack of historical price action and potential bearish momentum.
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