Ethereum (ETH)'s impressive price performance is generating massive inflows as investors begin shifting capital away from Bitcoin. This shift commenced in the first week of December following Bitcoin's achievement of the $100K milestone. Ethereum's bullish trend is paralleled by utility altcoins such as Polygon (POL) and DTX Exchange, both showing strong price movement and potential.
The market's interest in utility tokens is largely driven by ETH's ability to break through higher price levels. This surge is expected to significantly benefit DTX Exchange, projecting a dramatic 3,200% price increase due to the elevated demand for utility tokens.
Overall, Ethereum's price rally has sparked a robust move within the cryptocurrency market, particularly boosting utility altcoins, and highlighting the potential for substantial gains in this segment. This trend underscores Ethereum's impact in driving interest toward other utility-focused projects.
Source: blockonomi.com ↗