Followed

Fuel Ignition is a high-performance Ethereum L2, with competitors like OP and ARB. Currently, it has a TVL of about 400 million USD, ranking twelfth among layer two networks.

But the bull market cannot use TVL as a reference for L2 market value, especially at the beginning when there are large fluctuations. Market sentiment and market-making methods should be prioritized.
Clearly, today the market has experienced a pullback due to Powell's hawkish remarks, and sentiment is weak. If other major exchanges do not participate, the short-term price increase is estimated to be only about 2-3 times.
Currently, the pre-market is around 0.1. If market makers don't defend the price at the opening, the short-term price is estimated to be around 0.6-0.8. In the long term, the altcoin bull market has not yet arrived. Those who are not in a hurry to sell can wait and see. After a wave of consolidation in the medium term, 0.2-0.5 still has potential.