đđNew L2 projects are booming, OP is facing life and death, and the market structure is reshuffled!
In the past six months, OP and Layer 2 have performed weakly. The main reason is that competition in the L2 track has intensified, and new projects have emerged in large numbers, directly grabbing market share. After the climax in March, new Layer 2 projects have sprung up like mushrooms after rain. The growth of the entire market is basically supported by these new faces, while the old projects have not expanded much. As a result, OP's market share has been diluted.
Let's take a look at OP's weekly chart. Oh, this trend is really not optimistic. The weekly support level has been broken, and the original upward trend has been broken. To regain its glory and return to the previous upward track, OP has to quadruple from its current position!
Compare OP with other cryptocurrencies. After the rate cut, the performance of others is so fierce. For example, ALT has soared by nearly 80% from a low position, while OP has only risen slowly by 21%, which is really a bit overwhelmed.
In summary, there are too many new L2 projects, which cut the market cake into smaller pieces. The more people eat, the less each person gets. So, when the altcoin is about to usher in the busy season, we must open our eyes and pick those altcoins with underestimated market value. Maybe we can find treasures!
#çéšèŻéą #çŸćœć€§éćŠäœćœ±ćć ćŻäș§äžïŒ #BNBChainMemeCoin
The target that Brother Yong has been researching for a long time will be launched soon. Believers will be blessed. Like, follow and comment to let me see you!
