Where is the engine of the future?

I think the fundamentals of the ecosystem on the Ethereum chain are more stable, and the projects have more landing and practical application scenarios. On the other hand, there are more hype about memes on $SOL , and there are fewer applications that can actually land and generate value.

But it cannot be denied that the current sol is more favored and expected by capital and the market, but in the long run, I am more optimistic about the ecosystem of $ETH .

Second, I think that the outbreak of Ethereum this time may come from four factors:

1. Depends on the capital inflow brought by ETFs.

2. How much liquidity can be reduced by staking itself (whether the subsequent chips of ETFs can be pledged will also have a key impact on the rise of the market).

3. The possible outbreak point is whether L2 can have phenomenal applications and indirectly bring value to Ethereum.

4. Next, we still have to see the popularity of gamefi, defi, and meme. For defi and gamefi, we have to see whether new gameplay can be born. Because I personally think that although rwa can make relatively considerable money and bring capital inflow to the chain, it lacks leverage effect and does not have the attribute of small-scale investment. It is more of a large-scale participation, and the wealth growth effect it can bring to retail investors is relatively small. Moreover, rwa is not a project that can bring more daily activity, transaction volume, and gas fees to the public chain.

Compared with rwa, the empowerment brought by ai and socialfi accounts for a smaller proportion. If socialfi is popular, it can also drive the demand for Ethereum, because participating in its market will consume it.

The recent market focuses on the CPI data at 8:30 pm on Wednesday. This data will set the tone for the interest rate cut in September to the greatest extent. As for the interest rate cut itself, there is no suspense at present. Judging from the market's turn after the decline of the yen last week, the possibility of an emergency interest rate cut by the Federal Reserve no longer exists, and the current data shows that the probability of a recession in the United States is also very low, and the risk has come to an end for the time being.

When the cryptocurrency market reaches a certain stage, what is needed is not a short-term surge or plummet altcoin, but a relatively stable coin that can reach new highs in the cycle. Waiting for the confirmation of the second exploration of the right bottom of the coin. After this wave, the altcoin season is coming.