So far, there are two obvious main narratives in the first half of this bull market:
First, the Bitcoin inscription boom at the beginning of the year and the continuous inflow of ETF funds have performed well;
Second, the outbreak of the SOL inscription ecosystem has promoted the development of inscriptions in the first half of the year, and led to the prosperity of meme coins on the Solana chain in the second half of the year.
In contrast, the ETH narrative has almost completely died out. Whether it is the last round of DeFi and NFT, or this round of highly anticipated metaverse, the performance is disappointing. What is even more surprising is that although Ethereum and Bitcoin have passed ETFs one after another and funds continue to flow in, the market performance has not been as expected, and even failed to break through the historical highs, while the other top ten currencies have almost surpassed the peak of the last bull market.
In the next bull market, whether the above narrative can recover in the second half will be the key to ETH's performance. I firmly believe that it has great potential, and the current low tide is only a temporary phenomenon. Waiting for the right time to come will usher in a new breakthrough. $ETH