Bitcoin hits 99,000, ETH rebounds to $3,300, the ETH ecosystem surges collectively, SEC chairman is about to resign, altcoins are sluggish, where is the retail investor's way out?
Wall Street funds focus on Bitcoin, large retail investors favor on-chain MEME, while most altcoins are temporarily neglected and in a difficult situation. ETH has broken through daily resistance levels, and the breakout will drive the ETH ecosystem altcoins. A summary of ETH ecosystem altcoins:
ETH layer2:
ARB, OP, ZK, STRK, METIS, MANTA, CELO.MNT, MATIC, IMX, SKL, LRC, CTSI, BOBA, COMBO, MODE.
As ETH aims to become the global computer, Layer2's responsibility is to sustain the prosperity of the ETH ecosystem with high TPS and low GAS.
Its importance and value are self-evident. At the same time, layer2 is the segment with the highest market cap in the ETH ecosystem. Most projects are also typical of the recently criticized low liquidity high FDV institutional coins. ARB, OP, STRK, as three of the four kings, all have FDVs exceeding $10 billion.
ETH staking/re-staking:
LDO, SSV, PRL, SD, FXS, ANKR, ETHEI, REZ
LSD protocols mainly emerged after ETH's Shanghai upgrade transitioned from POW to POS, providing node-related staking services. LDO is the largest service provider, with the highest TVL in the network, a circulating market cap of $2 billion. SSV is a relatively important infrastructure.
ETH established DEFI:
UNI, SUSHI, AAVE, COMP, CRV, MKR, LOTY
DEFI should be the most familiar to everyone. As the largest innovative sector in the last bull market, DEFI applications have spread to all aspects of on-chain daily life. Due to the maturity of DEFI, this cycle is mostly based on previous upgrades, and the innovation is somewhat lacking.
ETH meme:
PEPE, SHIB, SPX
Meme is a very strong sector in this bull market, holding a small amount is not an issue. The SEC chairman is about to resign, and Trump, who is set to return to the White House in January next year, has previously stated that he would fire the current SEC chairman Gary Gensler on his first day in office. As the market speculates on when Gensler will step down, he announced this morning (22) at 2 AM on his X account that he will resign on January 20.