[Unbounded Club: ETH begins to lead]
Over the weekend, the trend of ETH was very impressive. It was about to break through 3100 at one point, with a single-day increase of 5%. The exchange rate of ETH/BTC also rose linearly. If this trend continues, the exchange rate will break through 0.06 very soon.
It is still bullish at present: the exchange rate of ETH/BTC, because the previous rise of BTC has completely pushed down ETH, so in the recent period, whether it is the expectation of the Cancun upgrade due to speculation, or the various changes that have occurred in Ethereum itself Some projects, including some revivals of old DeFi, are actually good for ETH, so we are still optimistic about the rise of ETH.
As for the pledge of Merlin Chain, with the increase in assets, the TVL of Merlin Chain has also exceeded 2 billion US dollars, becoming the largest pledged L2 at present, surpassing pledged L2 projects such as Blast and Manta.
In the DeFi sector, after UNI shot up to 12 on Saturday, there was a so-called team selling coins, and the price also fell, from 12 to 10. Some voices said: The UNI team really has no structure, and it will start with a wave of news. Smash the plate. However, the club believes that the small correction after such a sudden explosion can be regarded as a trial run by the team; although the previous proposal is a voting mechanism, official personnel still account for the majority of the entire vote. If the proposal is officially approved, The proposal is 100% passable, but because the logic behind the proposal is not clear, it is unclear whether the proposal is simply a bid to sell, or whether it has actually reached an agreement with the regulator; however, the club currently feels that the current investment in UNI will not be compensated. The rate and return are still relatively high. After all, it is high risk and high return. I still hope everyone will make a good judgment.
At the same time, the entire DEX track fell over the weekend. The rise and fall were mainly caused by changes in the leading UNI. However, the target of DYDX can still be paid attention to, because DYDX is the first project to propose the concept of dividends. Although it is not Dividends at the regulatory level, but this is also related to UNI's proposal. If UNI surges in the future, DYDX will also be the beneficiary target.
In the AI sector, WLD hit another record high yesterday, with the highest reaching 9.25, the single-day increase also exceeded 20%, and fell slightly after early morning. NVIDIA also announced a profit of its own, which is very amazing. It can be said to be an exponential rise. After the US stock market opens today, I don’t know if NVIDIA’s stock price will experience some fluctuations. This may affect the tokens of the AI sector. Be sure to pay close attention to U.S. stock trends.
The club currently also has an AI project that a16z is heavily involved in investing in: gensyn, which is being launched. You can pay close attention to it.
#ETH #gensyn