📈 Crypto Update: $BTC ETF Approved! $ETH ETF Coming Soon
Exciting developments in the crypto space! Here's a quick rundown and a watchlist for Ethereum Beta:
🥂 ETF News:
- $BTC ETF - Approved ✓
- ETH ETF - Expected Soon🔜
👀Ethereum Beta Watchlist:
- $ARB: King of L2 🏰
- $OP: OP Stacks for great revenue 💸
- $LDO: Top liquid staking 🌊
- $RSTK: Restaking narrative 🔄
- $SSV: Staking infrastructure 🛠️
- $FXS: Huge comprehensive ecosystem 🌐
- $PENDLE: Simplified yield trading 🔄
- $LBR: Robust stablecoin backed by LSD yield 💎
- $OGV: Lowcap LSDfi with $100M TVL 💰
- $SNX: Deep liquidity provisioning protocol 🔄
- $ENS: Ethereum OG 🌐
- $PEPE: Biggest meme on ETH 😄
- $MKR: Major Ecosystem includes DeFi, RWA, and more 🚀
- $BLUR: Best NFT trading platform 🎨
👁️🗨️Upcoming Projects:
- eigenlayer: Earn Points
- KelpDAO: Earn Kelp Miles
- AstridFinance: Earn Astrid Points
- ether_fi: Earn Loyalty Points
- swellnetworkio: Earn Pearls
- RenzoProtocol: Earn ezPoints
- InceptionLRT: Earn Points by holding $stETH or $rETH
- Blast_L2: Earn points by bridging
👁️🗨️Market Analysis:
- $ETH has shown weakness for over 16 months.
- Previous alt seasons during market hyper-growth cycles lasted ~6 months.
- Two potential scenarios post $ETH ETF or EigenLayer mainnet launch: Market cooling-off or continued growth.
👀Cautious Optimism:
- Stay sensible and avoid letting euphoria cloud judgment.
- Anticipate a potential new super growth cycle in 2024-2025.
👁️🗨️Catalysts for Ethereum:
- ETH ETF: Represents an influx of money from the stock market.
- Restaking: Creating a vast DeFi ecosystem, mitigating risks during bull markets.
