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Main Reasons Why ETH Will Lead an Altcoin Pump Soon
Rising DeFi activity: ETH has benefited from institutional adoption
The Ethereum network has evolved into a major ecosystem of Decentralized Finance (DeFi). With a total value locked (TVL) of about $70 billion and a stablecoin supply of around $165 billion, the Ethereum network has attracted more institutional lending protocols such as AAVE.
According to market data from DeFiLlama, Ethereum’s TVL and stablecoin supply have surged exponentially in the past few months. The gradual implementation of the GENIUS Act has helped the Ethereum network attract more institutional investors and retail traders.
Rising global money supply: Groundbreaking shift of the Fed’s monetary policies
The midterm outlook for Ethereum and the wider altcoin market remains bullish fueled by the rising global money supply. In the United States, President Donald Trump has been preparing to announce a new Fed Chair, with the odds favoring Kevin Hassett.
Meanwhile, with the Fed already printing more money to buy U.S. securities and treasuries, the global money supply will experience a sharp uptick. As such, ongoing capital rotation to altcoins will favor a major pump in the coming months.
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