Overall Market Trend
Bitcoin (BTC) has surged strongly, with prices rising significantly, reclaiming the $100,000 mark. Ethereum (ETH), as the leading altcoin, shows a clear rebound trend on a weekly level, indicating that the altcoin market may welcome a relatively active trend in the next 2 to 3 months. Meanwhile, the US stock market is also showing an upward trend. Reports from US media suggest that tariffs on China may be reduced to 50% next week.
Market Highlights
- Ethereum Ecosystem Heat Soars: Ethereum (ETH) prices have risen sharply, leading the entire ETH ecosystem projects to a strong performance. Among them, popular meme coins like Pepe, Neiro, and Moodeng have performed exceptionally well; ecosystem projects such as Eigen, ETHFi, and Ena have also strengthened.
- Strong Performance of Public Chain Sui: The public chain Sui has recently shown rapid growth, becoming the most prominent performer among various public chains.
- Specific Projects Under Attention: Projects like Virtual and Fartcoin have seen significant price increases. Notably, the new staking launch mechanism introduced by Virtual has characteristics similar to a Ponzi flywheel.
