Despite the negative news in the market, such as the 21% drop after the approval of the Bitcoin ETF, the fact that Ethereum’s activity after the Cancun upgrade did not increase but was surpassed by Solana, and the lack of staking income for Ethereum investors, the current market sentiment seems extremely fragile. However, I still firmly believe that now is the perfect time to enter the market.
Every price correction should be seen as an opportunity to enter the market. Although history will not repeat itself, with Trump's support for cryptocurrencies, as long as he can be successfully elected, we may witness an unprecedented bull market. In this market atmosphere, the future of cryptocurrencies is like a broad avenue.
In short, we must hold on to the chips in our hands and not give them up easily. In this uncertain market, we need to follow unified guidelines and avoid frequent and ineffective trading operations. Holding on and waiting patiently will be the key to success.
TREES
The cryptocurrency market rose slightly on Saturday, with Bitcoin up nearly 1%. In this wave, meme coins have been particularly popular, with BOOK OF MEME showing strong upward momentum. The meme coin not only broke through an important resistance level, but also managed to reclaim the key daily EMA (exponential moving average), paving the way for further gains.
In the last three weeks of trading, BOOK OF MEME has demonstrated a strong recovery trend. Its price rebounded from $0.0063 to $0.009253, and its market value has grown to $638 million. As buying intensity continues to increase, the price of BOOK OF MEME is expected to increase by a further 15%, which would push it to the upper limit of the current falling wedge pattern. If this trend holds, we could witness a significant value recovery.
LPT
Livepeer represents an innovation in blockchain technology - a fully decentralized live video streaming protocol. This protocol aims to provide a cost-effective solution to compete with traditional broadcast services through blockchain technology. Content producers can upload their videos to Livepeer, which will take care of the transcoding and distribution of the videos. LPT is built on the Ethereum blockchain and plays a core role in network operations, platform security, and user rewards.
Livepeer is a revolutionary platform that leverages decentralized computing resources to provide crypto-economic incentives to users. The platform supports a variety of applications, from pay-on-demand content to automatically scaling video services, to censorship-resistant live news coverage and decentralized applications (DApps) that integrate video. Livepeer uses an improved Delegated Proof of Stake (DPoS) consensus mechanism that is not only environmentally friendly, but also more scalable than traditional Proof of Work (PoW) systems.
MATIC
As the top Layer 2 expansion solution of the Ethereum ecosystem, it is effectively solving the scalability problems faced by the Ethereum network. As Ethereum continues to grow and transaction volumes soar driven by spot ETFs, there is a growing need for efficient and cost-effective scaling solutions. By providing a fast and low-cost transaction experience, Polygon has become the first choice for developers and users. Therefore, the MATIC token is expected to experience significant growth as the Ethereum ecosystem further expands.
