Ethereum is experiencing a surge in price and political relevance, with figures like Eric Trump and Vivek Raman endorsing the cryptocurrency. Ethereum's use in decentralized finance (DeFi) and its backing by major financial institutions have contributed to its rise. Vivek Raman highlighted the launch of World Liberty Financial, a DeFi application backed by the Trump family, while Eric Trump expressed his bullish stance on Ethereum. However, some in the crypto community, like Lefteris Karapetsas, are wary of the involvement of political figures and believe Ethereum's success should be based on technological progress rather than political support. The discussion about political endorsements has sparked debate about the role of politicians in the network's growth. Additionally, speculation about a national Ethereum reserve in the U.S. has increased, with Polymarket bettors giving it a 22% likelihood of happening by 2025. Despite the controversy, Ethereum's price has seen a 13.26% increase, with a market capitalization of $337.22 billion.
Content Editor ( coinedition.com )
- 2025-02-04
Ethereum’s Price Jumps as Big Names Show Support
