In a surprising turn for the cryptocurrency market, Ethereum (ETH) surged 25% in its largest three-day rally of 2024, coinciding with the election of Donald Trump as the U.S. President.
India, as one of the fastest-developing economies, has witnessed a dramatic rise in the popularity of cryptocurrency trading, especially amongst its more youthful generation.
Ethereum has recently gained momentum, outperforming Bitcoin in the last two days as both cryptocurrencies benefited from a favorable macroeconomic environment driven by the U.S.
Ethereum's on-chain activity has surged to unprecedented levels in 2024, driven by a significant decrease in transaction fees following the Dencun upgrade.