Zilliqa (zil) 
Layer-2 Cryptocurrencies See Gains Amid Bitcoin’s Resistance at $97,000
Popular layer-2 cryptocurrencies such as EOS, IOTA, and Hedera Hashgraph have seen significant gains, with some experiencing their largest jumps in recent times. These gains coincide with Bitcoin’s resistance at $97,000.
EOS Sees a Surge in Value
EOS, developed by Block.one, has surged to $0.9570, representing a 36% increase from its December low. This has pushed the token’s valuation to over $1.2 billion. The primary driver behind this jump is Binance’s announcement of an APR boost airdrop through the BNSOL Super Stake program. The airdrop, set to begin on January 6 and run through January 20, will reward users with 320,656 EOS tokens valued at nearly $300,000.
We’re excited to announce that you can now earn $EOS APR boost Airdrop rewards through the @binance BNSOL Super Stake program!
EOS has had a strong performance in 2024, with its total value locked in the DeFi industry space rising to over $254 million. This growth is largely attributed to projects such as EOS Rex, Defibox, and Paycash.
Hedera Hashgraph Sees a Rally
Hedera Hashgraph has increased by over 10%, reaching a high of $0.3200. The token is up over 630% from its 2024 lows. Speculation surrounding a potential HBAR ETF has driven this latest rally, with expectations growing ahead of Donald Trump’s swearing-in later this month.
Eric Balchunas, head of ETF strategy at Bloomberg, has predicted that the SEC will approve a spot HBAR ETF. He noted that the agency has not previously categorized Hedera as a security, increasing the likelihood of approval.
IOTA’s Price Increases
IOTA’s price has increased for three consecutive days, forming a bullish chart pattern known as the “three white crows.” This pattern is characterized by three consecutive bullish candlesticks.
IOTA’s rebound is attributed to the formation of a falling wedge and a double-bottom pattern at $0.2785. Additionally, the token has bounced back ahead of the Rebased upgrade, which will introduce features like staking, full decentralization, and parallelized MoveVM.
Bitcoin Price Finds Resistance
These tokens rallied as Bitcoin (BTC) price stalled at the important resistance at $97,000 after rising for four consecutive days.
Looking Ahead
Bitcoin and these altcoins will react to the upcoming Gary Gensler resignation at the Securities and Exchange Commission. Gensler, who is widely seen as an anti-crypto regulator, will be replaced by Paul Atkins, who has supported the industry.
Cryptocurrencies may also see renewed momentum ahead of Donald Trump’s inauguration on January 20. Trump has shifted his stance and become vocal about supporting the crypto industry. According to Arkham, he holds over $9.4 million in crypto tokens.
World Liberty Financial, his company, has over $78.7 million in assets. While the market has priced in Trump’s victory, there are expectations that crypto prices could rise further as the inauguration approaches.
For more news on the crypto market, stay tuned to Global Crypto News.
