BTC fell below 98,000, showing its declining trend. On the other hand, ETH broke through 3,300 and stood up as the backbone of the cryptocurrency circle. The altcoin finally rose. People called Ethereum a waste in the morning and awesome in the evening.
Good news, stop cursing, brothers, Ethereum has stood up. It surged by more than 300 yesterday, an increase of more than 10%.
The cryptocurrency world is really a magical place. One second I was wondering why Bitcoin was almost in six figures while Ethereum was still at 3,000. The next second it suddenly surged, with a big green column breaking through this week’s range of fluctuations and rising above 3,300. Bitcoin, as always, took the lead and stood out with a direct 5% increase.
Ethereum will definitely rise next.
SOL is good, but for the time being, you must hold on to Ethereum, and never wait to get off the train and exchange Ethereum for SOL. There are thousands of revolutionary roads, you can choose any road, you can get off the train halfway, but you cannot betray on the eve of liberation.
It is not because the applications on Ethereum consume more GAS that it can rise. It is because Ethereum has the second most consensus after Bitcoin and because Ethereum is the first Turing complete blockchain. As Ethereum rises, the applications and DEFI on it will naturally be active because Ethereum also has the same ETF channel. Therefore, no matter how the relationship between Vitalik and Vitalik Buterin progresses, more institutions will definitely start to enter the market.
Ethereum has broken through the daily pressure level. The breakthrough will drive the Ethereum altcoins. Now let me summarize the Ethereum altcoins for you.
ETH layer2 :
ARB、OP、ZK、STRK、METIS、MANTA、CELO.MNT、MATIC、IMX、SKL、LRC、CTSI、BOBA、COMBO、MODE。
As ETH aims to become a global computer, Layer2 is responsible for the prosperity of the ETH ecosystem with high TPS and low GAS. Its importance and value are self-evident.
At the same time, layer2 is the sector with the highest market value in the ETH ecosystem. Most of the projects are also typical of the institutional coins with low circulation and high FDV that have been criticized recently. ARB, OP, and STRK are three of the four kings, and their FDVs all exceed 10 billion US dollars.
ETH Staking/Re-staking:
LDO、SSV、PRL、SD、FXS、ANKR、ETHEI、REZ
The LSD protocol is mainly a node-related staking service that emerged after the ETH Shanghai upgrade from POW to POS. LD0 is the largest service provider, with the highest TVL in the entire network and a circulating market value of 2 billion. SSV is a relatively important infrastructure.
ETH veteran DEFI:
UNI, SUSHI, AAVE, COMP, CRV, MKR, LOTY DEFI should be the most familiar to everyone.
As the largest innovation sector in the last bull market, the application of Defi has spread to all aspects of daily life on the chain.
Due to the maturity of Defi, this cycle is basically based on previous upgrades, and the degree of innovation is not enough. ETH meme: PEPE, SHIB, and SPX meme are very strong sectors in this bull market, and holding a small amount is not a problem.
As Ethereum rises, the altcoins continue to rise; as Bitcoin rises, the altcoins keep falling. What does this mean? It means that the rise of BTC has nothing to do with the funds in the circle, but is driven by institutions. The funds of institutions will not overflow to the altcoins, and the rise of ETH is the real drive of funds in the circle, which can bring about the explosion of the altcoins!
➜ $OP
▶ MC: $2.606 billion
▶24-hour trading volume: US$1.471 billion
As the leader of Ethereum Layer2, OP has a hunch that it will be launched first, so yesterday I reminded my friends that if they think the coins they have are moving too slowly, they can transfer their positions to OP. Tonight, a large positive line with daily volume took off! It is definitely another big profit! OP has already topped the top three in the increase list!
➜ $ARB
▶ MC: $3.226 billion
▶24-hour trading volume: $1.656 billion
Arbitrum (ARB) is a leading layer 2 solution that enhances Ethereum’s performance by using optimistic rollups, increasing transaction speeds and reducing costs. Leveraging Ethereum’s strong security framework, ARB delivers increased efficiency, making it a worthwhile Ethereum token to buy.
Market sentiment supports ARB’s bullish outlook, signaling continued momentum.
Arbitrum [ARB] has attracted a lot of attention in the cryptocurrency market due to its outstanding price performance and increasing trading activity.
➜ $PUT
▶ MC: $293 million
▶24-hour trading volume: $166 million
METIS is the core token of the Metis ecosystem and has many important functions. It can be used to pay transaction fees. On the second-layer network of Metis, users need to use METIS tokens to pay certain fees when conducting transactions to maintain the normal operation of the system.
In addition, METIS is also used to participate in the governance of the ecosystem. Holders can participate in major decisions on the Metis project, such as protocol upgrades, parameter adjustments, etc., by staking METIS tokens, reflecting the democratic rights of token holders in the ecosystem.
➜ $ZK
▶ MC: $551 million
▶24-hour trading volume: $161 million
zkSync is a trustless protocol for scalable and low-cost payments on Ethereum, powered by zkRollup technology.
