The price of $EIGEN today like $SOL 2 years ago! Here’s Why?
💡Understanding $EIGEN layer 5 Categories
1/ **Restaking** 🚀 - Imagine you've staked your $ETH to secure Ethereum. With EigenLayer, you can **restake** that same $ETH to secure OTHER NETWORKS or services. It's like reusing your security deposit to help secure multiple buildings. This reduces the cost for new networks to achieve high security.
2/ **Liquid Restaking Tokens (LRTs)** 💧 - When you restake, you get tokens like $eETH $weETH, $ezETH, $swETH, and more, which represent your staked assets. These LRTs are **liquid**, meaning you can trade or use them in DeFi while still earning rewards from your original stake.
3/ **Actively Validated Services (AVSs)** 🛡️ - Think of AVSs as services that need Ethereum's security but aren't Ethereum itself. These could be oracles, bridges, or even other blockchains. By restaking, your ETH helps secure these services, and in return, you earn more rewards. It's a win-win!
4/ **Hyperscale Rollups** 🌐 - Rollups are like super-efficient sidechains on Ethereum, handling transactions off the main net to increase capacity. Hyperscale implies they're designed to scale massively. With EigenLayer, these rollups can use restaked ETH for security, making them trustless and scalable.
5/ **Apps with Credible Commitments** 🤝 - These are applications where participants make commitments (like in gaming or finance) that are enforced by the network. EigenLayer ensures these commitments are credible through the shared security of restaked ETH, reducing the risk of fraud or non-compliance.
**Why This Matters?** - EigenLayer's model allows for a more interconnected, secure, and efficient blockchain ecosystem. By leveraging existing staked assets, it lowers the barrier for new projects and enhances overall network security. - If Ethereum is the foundation, EigenLayer is like building additional floors, using the same foundation, but for different purposes, all interconnected and secure.
Start Date: Sep 15, 2024 End Date: NEVER Seasons run every 4 months, starting after the end of Season 3. Every season will have a unique set of rewards that will be revealed through the season
• On day one I will fire Gary Gensler and appoint a new SEC chairman. • Create a US Government strategic national Bitcoin stockpile if elected. • US Government will keep 100% of Bitcoin it owns • Bitcoin is going to the moon. • Never sell your Bitcoin • Bitcoin will one day probably surpass the market cap of Gold. • I reaffirm my pledge to commute Ross Ulbricht's sentence. • There will never be a CBDC while I am President of the United States. • Bitcoin and crypto will skyrocket like never before if elected president. • Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar. • The United States will be the crypto capital of the planet and the Bitcoin superpower of the world. • Bitcoin stands for freedom, sovereignty, and independence from government coercion and control. • I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over. $BTC
I use my own script and combine several indicators. 👉 The Biggest Bitcoin accumulation phase was in June 2022-Mar 2023 👉 The crusial support was in $45k-$51K area . $50k is a psychological area 👉 Mega Bull Season is truly determined by the Whales. So the main strategy for every trader should be to follow the whales IMO 👉 The Government and CEX are whales, very cunning whales. 👉 Don't try to fight the current, but take advantage and surf on it. $BTC
I Opened Short for $ETHFI since $2.9. the Airdrop season 2 are confirmed. There is also so many fud on their2nd airdrop distribution. Tp : $1.5 Sl : 15%
$PENDLE looks strong while trading at support area $3.8-$4. With Symbiotic, another restaking project like EigenLayer has reached $1B TVL in under 1 month after launch, $PENDLE still has potential to go up 50-100% in 2-4 weeks IMO.
I suggest to not using any leverage in this market condition. #DYOR!! #NFA✅