Recently, the strong performance of OP coin has been particularly noteworthy!!!
From the monthly chart perspective, this month is crucial for OP coin.
If it can stay above $2 when the monthly line closes, the possibility of testing new highs next month will greatly increase.
For investors who already hold OP coin, this is undoubtedly a moment worth paying close attention to.
At the same time, other L2 projects are expected to show a correlation effect only after the price of Ethereum rises.
Looking back at the last bull market, Ethereum was undoubtedly a standout.
Almost all major price surge turning points were driven by new narratives from Ethereum.
From the initial ICO boom to the explosion of DeFi, and then to later chain games, Ethereum, with its strong influence and broad user base, has led the market trend.
The massive amount of Ethereum in passive staking has essentially driven its coin price to surge in the short term, and almost all institutions use the utilization of Ethereum’s public chain as the first standard for assessing whether their project has strength.
This year's situation, however, is drastically different.
The Ethereum technical team has developed serious market divergences with capital and retail investors in terms of performance enhancement, leading to a continuous decline in Ethereum's price.
Especially the behavior of the Ethereum Foundation always selling coins on the eve of market downturns has left investors feeling disappointed and helpless.
So, can Ethereum still achieve brilliance in this bull market?
From the current situation, Ethereum still has a certain market position and influence, so it will definitely have its place in this bull market.
However, if this continues, if Ethereum cannot solve the existing problems and adapt to market changes, then it is uncertain whether it will have a shadow in the next bull market.
After all, the market is progressive.
Now, as Bitcoin drains the altcoins, the altcoins only have a chance when Bitcoin is sideways!
In this situation, it is most suitable to lay out potential altcoins!
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