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<p>Since its launch on October 1, the price of EigenLayer’s EIGEN has been experiencing a upward trend. This increase is attributed to various activities within the EigenLayer ecosystem that have provided substantial liquidity at key price levels.</p>
<p><a href="https://x.com/CryptoMichNL/status/1843954564828889342" target="_blank" rel="noopener noreferrer nofollow">Crypto analyst Michaël van de Poppe</a> remarked on the potential of EIGEN, indicating that EIGEN has successfully captured liquidity, which has initiated a positive price movement. He suggested that this upward momentum has invigorated the entire ecosystem, signaling strong investor interest.</p>
<p>Read Also:<a href="https://captainaltcoin.com/analysts-predict-bittensors-tao-potential-price-correction-but-heres-why-you-should-not-worry/https://captainaltcoin.com/analysts-predict-bittensors-tao-potential-price-correction-but-heres-why-you-should-not-worry/" target="_blank" rel="noopener noreferrer nofollow"> <strong><em>Analysts Predict Bittensor’s (TAO) Potential Price Correction, But Here’s Why You Should Not Worry</em></strong></a></p>
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<p>He also anticipated that <a href="https://coinmarketcap.com/currencies/eigenlayer/" target="_blank" rel="noopener noreferrer nofollow">EIGEN price</a> might briefly dip to around $4.25, providing a potential entry point for new investors, before further climbing to over $5.</p>
<h2 class="wp-block-heading" id="upcoming-incentive-program">Upcoming Incentive Program</h2>
<p><a href="https://x.com/eigenlayer/status/1842179385710756169" target="_blank" rel="noopener noreferrer nofollow">The EigenLayer team </a>has announced an upcoming incentive program, which is likely to enhance investor interest and participation. This has also increased the excitment within the ecosystem.</p>
<p>On October 4, EigenLayer tweeted, <em>“The initial claim date for Programmatic Incentives v1 is now October 15, 2024. An important update from the @EigenFoundation on Programmatic Incentives v1. This change ensures rewards are accurately distributed to qualifying non-investor stakers and eligible operators.”</em></p>
<p><a href="https://captainaltcoin.com/youtuber-explains-why-hes-buying-kaspa-over-ethereum-kas-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"><strong><em><span style="text-decoration: underline;">Read Also: YouTuber Explains Why He’s Buying Kaspa Over Ethereum – KAS Price Prediction</span></em></strong></a></p>
<h2 class="wp-block-heading" id="introduction-of-eigenexplorer-dashboard">Introduction of EigenExplorer Dashboard</h2>
<p>Additionally, earlier today, EigenExplorer introduced the EigenExplorer Dashboard, enhancing the user experience with a restaking marketplace. Users will be able to explore real-time APY for AVS, operators, and restaking assets.</p>
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   <p lang="en" dir="ltr">Introducing the EigenExplorer Dashboard: restaking marketplace, reimagined.<br><br>Discover, participate in, and support the decentralized services you love and trust.<br><br>Explore real-time APY for AVS, operators, and restaking assets.<br><br>Try it out now: <a href="https://t.co/bjxJ0fST1s" target="_blank" rel="noopener noreferrer nofollow">https://t.co/bjxJ0fST1s</a> <a href="https://t.co/VO8bg8zueF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VO8bg8zueF</a></p>— EigenExplorer (@EigenExplorer) <a href="https://twitter.com/EigenExplorer/status/1843735643295465726?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 8, 2024</a>
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<p>These developments collectively contribute to the growing interest and investment in EIGEN, driving its price upwards in the crypto market.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-eigenlayer-eigen-crypto-price-pumping/" rel="noopener noreferrer nofollow">Why Is EigenLayer (EIGEN) Crypto Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is EigenLayer (EIGEN) Crypto Price Pumping?

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