Ether, the second-largest cryptocurrency by market capitalization, has been rallying alongside Bitcoin. On Election Day, Ether was trading around $2,400, but it has since surged to $2,800 — a more than 16% bump in just two days.
In addition, spot Ether ETFs (exchange-traded funds) have experienced renewed inflows following Trump’s victory, reversing a period of sustained outflows. According to data from crypto ETF tracker Farside, investors poured $52 million into spot Ether ETFs on November 6.
Solana, regarded as a competitor to Ethereum, has experienced significant growth over the years, driven by its speed and efficiency. User activity on the Solana blockchain has surged, making it a popular platform for hosting decentralized applications.
After Trump’s victory, the price of Solana surged from $160 to $196, marking a 22.5% increase in just two days.
