๐ Crypto Update: $BTC ETF Approved! $ETH ETF Coming Soon
Exciting developments in the crypto space! Here's a quick rundown and a watchlist for Ethereum Beta:
๐ฅ ETF News:
- $BTC ETF - Approved โ
- ETH ETF - Expected Soon๐
๐Ethereum Beta Watchlist:
- $ARB: King of L2 ๐ฐ
- $OP: OP Stacks for great revenue ๐ธ
- $LDO: Top liquid staking ๐
- $RSTK: Restaking narrative ๐
- $SSV: Staking infrastructure ๐ ๏ธ
- $FXS: Huge comprehensive ecosystem ๐
- $PENDLE: Simplified yield trading ๐
- $LBR: Robust stablecoin backed by LSD yield ๐
- $OGV: Lowcap LSDfi with $100M TVL ๐ฐ
- $SNX: Deep liquidity provisioning protocol ๐
- $ENS: Ethereum OG ๐
- $PEPE: Biggest meme on ETH ๐
- $MKR: Major Ecosystem includes DeFi, RWA, and more ๐
- $BLUR: Best NFT trading platform ๐จ
๐๏ธโ๐จ๏ธUpcoming Projects:
- eigenlayer: Earn Points
- KelpDAO: Earn Kelp Miles
- AstridFinance: Earn Astrid Points
- ether_fi: Earn Loyalty Points
- swellnetworkio: Earn Pearls
- RenzoProtocol: Earn ezPoints
- InceptionLRT: Earn Points by holding $stETH or $rETH
- Blast_L2: Earn points by bridging
๐๏ธโ๐จ๏ธMarket Analysis:
- $ETH has shown weakness for over 16 months.
- Previous alt seasons during market hyper-growth cycles lasted ~6 months.
- Two potential scenarios post $ETH ETF or EigenLayer mainnet launch: Market cooling-off or continued growth.
๐Cautious Optimism:
- Stay sensible and avoid letting euphoria cloud judgment.
- Anticipate a potential new super growth cycle in 2024-2025.
๐๏ธโ๐จ๏ธCatalysts for Ethereum:
- ETH ETF: Represents an influx of money from the stock market.
- Restaking: Creating a vast DeFi ecosystem, mitigating risks during bull markets.
