#ETH Yesterday was a time of ghosts and wolves howling, today is a time of joy! The bull market is still the same bull market, it always brings you different emotions! Friends, you must have faith in the bull market, without faith you really can't hold on, how can you see the rainbow without going through the wind and rain! It is normal to have a 20% or 30% correction during the bull market, and there is nothing wrong with adjusting for 3-6 months. Big adjustments indicate big opportunities!
In the early morning, the Federal Reserve held its fifth consecutive meeting without any change, and the federal funds rate remained at 5.25-5.5%, the highest level since 2001. Policymakers hinted that they still plan to cut interest rates this year for the first time since March 2020, but currently expect only three rate cuts in 2025, less than the estimate in December last year. Although the Fed is still a bit stubborn, the market interprets it in a favorable direction. Gold has reached a new high, Nasdaq is close to a new high, and BTC's increase is still a bit conservative!
There is an obvious difference between this round of bull market and the previous one. In the previous round, technology-driven decentralized applications were the "bright line", which dominated the direction of siphoning global capital. At that time, decentralized applications actually experienced several cyclical ups and downs, and meme was just the "dark line" at that time; in this round of bull market, so far, meme has become the "bright line", dominating the siphoning of capital from all over the world, and various technology-driven models have not yet emerged.
Looking back at the bull market in 2017, ICO has actually been developing for two years, and there have been many ups and downs during this period. Therefore, it can be speculated that meme, as the "bright line" of this bull market, will also experience many ups and downs, evolve, and develop a new paradigm. This round of meme craze driven by BOME is different from the previous meme coins that were born alone. This time it is batched and paradigmatized. Later, we will see the upgraded version of meme paradigm 2.0 and 3.0 come out!
The market in the next quarter will definitely be extremely turbulent. On a macro level, there will be the halving of Bitcoin, the approval or not of the Ethereum spot ETF at the end of May, the Hong Kong Carnival in April, the European Cup in June, and the L2 sector ecological tokens that have been waiting for the launch of the Cancun mainnet.
If it is because of gas, then after the Ethereum Cancun upgrade, the gas of L2 has been very low. The meme craze will soon rotate to Ethereum L2. Base had such an unstoppable heat inflow yesterday. The next largest L2 project Arbitrum will definitely have a hot spot explosion!
Ethereum can reach at least 15,000 USD per coin in this bull market. Why? Ethereum is currently the most powerful smart contract in the universe. Currently, less than 2% of its functions have been developed. Sooner or later, ETH will reach 10,000 or 20,000 USD per coin. If you buy it, hold on to it tightly. It is not too late to buy it now. Don't let it go easily!
Since ETH was changed to POS, it has a pledge mechanism, which is equivalent to some people actively locking up their positions. ETH will continue to be consumed. Therefore, ETH is deflationary, and the price will go up one day! In the blockchain world, ETH is an infrastructure, equivalent to highways, railways, airports, and port terminals in real life.
ETH is not only infrastructure, it also serves as the base currency in the blockchain world. You need ETH to buy NFT, issue coins, and use various applications. ETH will one day become the king of the blockchain world!
The new public chain SUI has been launched for a while. It didn’t fall much when Bitcoin pulled back. Now that Bitcoin has stopped falling, it will rise even more sharply. The daily line has begun to become strong, and it is very likely that a new round of rise will begin. Just hold on to it!
Latest news: Coinbase Derivatives plans to launch futures trading for DOGE, LTC, and BCH on April 1. Coinbase has sent three separate letters to the Commodity Futures Trading Commission (CFTC) on March 7, detailing the size, settlement method (using MarketVector's benchmark rate), and structure of the proposed contracts for the three futures transactions.
The RWA sector is gaining following the news that BlackRock is launching the “BlackRock USD Institutional Digital Liquidity Fund (BUIDL)” on the Ethereum network.
Coinbase has announced the listing of RONIN.
Coinbase International Exchange will start DOGE, LTC, and BCH futures trading on April 1.
AEVO - Aevo launches trading and staking incentive program.
GALA - Gala games announced that the "Project Cerberus" mobile prototype is coming soon.
LINA - Multi-collateral capabilities for Linear Finance are coming soon.
NAKA - Nakamoto Games will be listed on Bybit on March 22.
SUI - Mysten Labs launches Pilotfish (auto-scaling technology) on Sui.
SLERF - Arthur Hayes promotes the memecoin SLERF.
STRK - Starknet announced its 2024 roadmap with plans to implement parallelization in Q2.
TON - TON Foundation launches $115 million community rewards program.
