Crypto analyst Altcoin Sherpa, Ethereum (ETH) 
$3,042 The restaking protocol states that Eigenlayer (EIGEN) has started to rise. In a statement to his 226,300 followers on the social media platform X, he stated that EIGEN may continue to gain value due to various factors.
EIGEN’s Performance and Technical Analysis
Altcoin Sherpa stated that EIGEN is a coin/trade that has not yet been seen on the timeline. He stated that EIGEN may gain value with the arrival of the Ethereum season. The analyst emphasized that EIGEN is currently appropriately priced with its fully diluted value of $5.5 billion.
“ETH season is probably coming. “EIGEN, with its former high excitement and current favorable pricing, looks particularly strong.”
The analyst noted that EIGEN has new technologies and that the market in general is in an uptrend, but EIGEN has shown a particularly strong performance in this rise. He pointed out the chart showing EIGEN charting higher highs and higher lows on the 12-hour time frame.
Prospects for AAVE and PEPE
Altcoin Sherpa stated that AAVE, the native token of the leading lending platform on Ethereum, has broken through the resistance level and is on the rise. He stated that AAVE may be in an uptrend once it crosses the $170 level.
“I remain focused on AAVE. “If DeFi really takes off, this token has the potential to go up even more.”
Regarding PEPE memecoin, he said that it could gain value again if it can pass the $0.00001084 resistance level. He stated that he thinks memecoins with high market capitalization are good investment opportunities.
“PEPE will eventually move completely upward. Memecoins with high market caps are good bets.”
According to the analyst’s shares, EIGEN is currently trading at $3.15 and has gained 7.6% in the last 24 hours. AAVE increased by 4.3%, rising to $181. PEPE is trading at $0.00001067, up 7.5%.
The recent performances of EIGEN, AAVE and PEPE point to remarkable rises in the crypto market. Investors may continue to show interest in this altcoin, especially since EIGEN’s technical indicators are strong.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
