The Euler Network (EUL) is making waves in the cryptocurrency market, having raised $3 million in its first day of presale. This feat has attracted attention from investors and crypto enthusiasts, who are now closely monitoring its potential effect on established digital currencies, such as SHIB and DOGE.
Euler Network has announced its ambition to launch a six-month mainnet, having already surpassed Pi Network’s $2 million presale milestone. The network is looking to advance the industry and challenge the status quo.
SHIB is leveraging its meme popularity and commitment to decentralization with its strategic “Big Plan from the Shiba State 2024/2025”. Meanwhile, DOGE is evaluating its competitive edge and strategising to address this potential rival or partner.
Investor interest is leaning towards new market entrants like EUL, leading to speculation about long-term effects on the crypto market. The community is paying close attention to the network’s next steps, which could indicate whether it will be a fleeting surge or a lasting transformation in the digital currency hierarchy.
In other news, BTC is volatile below $38,000 following the SEC ETF decision delay, adding to the market’s uncertainty. USDT, known for its stability as a fiat-pegged digital currency, continues to play a crucial role in stabilising the market. On the other hand, Chainlink is having a negative influence on altcoin valuations, as investors move towards profit booking.
As these events take place, stakeholders in the crypto landscape remain on high alert, understanding that Euler Network’s disruption could bring about significant changes for existing and upcoming players.
