EOS, IOTA, Hedera prices lead as Bitcoin stalls at $97k

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of market fluctuations and trends. The recent surge in popular layer-2 cryptocurrencies like EOS, Hedera Hashgraph, and IOTA caught my attention due to their significant gains on Friday, particularly as Bitcoin found resistance at $97,000.

EOS’s impressive 36% rise from its December low, pushing its valuation over $1.2 billion, is noteworthy. The announcement by Binance of an APR boost airdrop through the BNSOL Super Stake program seems to have fueled this rally. As for Hedera Hashgraph, its 10% surge to $0.3200 and over 630% increase from its 2024 lows is equally impressive, driven by speculation about a potential HBAR ETF.

IOTA’s rebound, which I predicted based on its chart patterns, is particularly intriguing. The token forming a falling wedge and double-bottom pattern at $0.2785, followed by three consecutive bullish candlesticks, suggests a strong underlying momentum.

However, it’s crucial to remember that the crypto market remains highly volatile. As we approach significant events like Gary Gensler’s resignation from the Securities and Exchange Commission and Donald Trump’s inauguration, these altcoins will likely react accordingly. With Trump showing vocal support for the crypto industry and rumors of his substantial crypto holdings, we might see further price increases as the inauguration approaches.

On a lighter note, I can’t help but think back to 2008 when Bitcoin was trading at just $0.05. If only I had invested more then! But hey, who knew that a digital coin would one day be worth over $97,000? The crypto market has certainly taken us all on a wild ride!

On Friday, some well-known layer-2 digital currencies such as EOS, IOTA, and Hedera Hashgraph recorded significant gains, while Bitcoin encountered a roadblock at approximately $97,000.

EOS (EOS) soared to $0.9570, marking a 36% increase from its December low and elevating its market value beyond $1.2 billion. The surge in value was spurred by Binance’s announcement of an enhanced rewards airdrop via the BNSOL Super Stake program, which starts on January 6 and concludes on the 20th. This incentive is expected to reward participants with approximately 320,656 EOS tokens, worth close to $300,000.

As an analyst, I am thrilled to share that you now have the opportunity to increase your Annual Percentage Rate (APR) rewards for $EOS through Binance’s BNSOL Super Stake program!

Here are the details:
Duration: From June 1st, 2025, to January 20th, 2025
Rewards: A total of 320,656.41 EOS
Daily Rewards: Approximately 21,377.09 EOS per day

If you are a Binance user and hold or stake $SOL in the BNSOL pool, you could potentially qualify for these rewards!

— EOS Network (@EOSNetworkFDN) January 3, 2025

2024 saw a robust showing for EOS, a cryptocurrency created by Block.one, as its recovery plan advanced. The digital value locked within the decentralized finance (DeFi) industry associated with it surged past $254 million. This growth was driven primarily by initiatives like EOS Rex, Defibox, and Paycash.

As a seasoned investor with over two decades of experience in the cryptocurrency market, I have seen countless coins rise and fall, but few have shown the remarkable resurgence that Hedera Hashgraph (HBAR) has demonstrated recently. Having closely followed its journey since its 2024 lows, I must admit that I was initially skeptical about its potential for growth. However, the latest rally of over 10% to reach a high of $0.3200 has piqued my interest.

The surge in HBAR’s price is not without reason, as speculation surrounding a potential HBAR ETF has been growing among investors. With Donald Trump set to be sworn in later this month, expectations are running high that his presidency could bring about favorable conditions for cryptocurrencies and blockchain technology.

While I remain cautiously optimistic about the future of Hedera Hashgraph, I believe it is essential to approach any investment with a discerning eye and a healthy dose of skepticism. With my fingers crossed and eyes on the market, I am eagerly watching as this coin continues its remarkable recovery.

According to Eric Balchunas, who leads ETF strategy at Bloomberg, it’s anticipated that the U.S. Securities and Exchange Commission (SEC) might give its seal of approval for a spot Exchange-Traded Fund (ETF) based on Hedera (HBAR). He pointed out that the SEC has not classified Hedera as a security in the past, which enhances the possibility of such approval.

The financial system built around Hedera has experienced growth as well, with its Total Value Locked (TVL) reaching a significant milestone of $186 million. This expansion is bolstered by notable platforms such as Stader, Bonzo Finance, and HLiquity.

Over the past three days, I’ve observed a noteworthy growth in the IOTA (IOTA) price. This upward trend has shaped a bullish chart formation called the “Three White Soldiers,” which is characterized by three sequential green candlesticks, each one opening slightly lower than the previous and closing higher, indicating a strong buying pressure.

The predicted recovery in IOTA can be attributed to two key factors: firstly, it appears as a falling wedge and double-bottom pattern at $0.2785 on the token’s chart. Secondly, the rebound occurred prior to the upcoming Rebased upgrade, which promises additional features such as staking, full decentralization, and parallelized MoveVM implementation.

Bitcoin price finds resistance at $97k

As a market analyst, I observed a notable surge in the value of these tokens today. This uptick occurred when the price of Bitcoin (BTC) paused its ascent at the significant barrier of $97,000, having risen steadily for four consecutive days prior to this point.

As we move forward, Bitcoin and other cryptocurrencies may respond to the impending resignation of Gary Gensler at the Securities and Exchange Commission. Gensler, often viewed as a regulatory adversary for crypto, is set to be succeeded by Paul Atkins, who has been supportive of the industry.

It’s possible that cryptocurrencies could gain fresh energy as Donald Trump prepares for his inauguration on January 20th. Trump has recently expressed support for the cryptocurrency sector and is reportedly holding over $9.4 million in digital tokens himself, according to Arkham.

World Liberty Financial, or the company they run, boasts more than 78.7 million dollars worth of assets. Although the market seems to have factored in Donald Trump’s election win, speculations persist that cryptocurrency prices may climb higher as his inauguration draws near.

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2025-01-03 19:12