This wave of market movement began when Trump compromised and stopped insisting on firing Powell. Along with a good performance in the 5.2 unemployment rate data and combined with on-chain data, it makes one feel that the market may indeed be slowly improving. Just look at the trend over the past month; even if Trump occasionally says something nonsensical, as long as he doesn't suddenly raise tariffs or scare people into thinking the economy is doomed, the market will basically fluctuate but overall slowly climb. Even if the market weakens, BTC's bottom will likely hold above 93, and it may even maintain a fluctuating upward trend above 97,500, unless there is a continuous and significant negative event that could break below 93.
What everyone is most concerned about now is actually the staking situation of ETH. The world's largest investment company, BlackRock, recently went to talk to the U.S. SEC about cryptocurrencies, which is like a weather vane. As soon as the market shows some signs of life, the big institutions can't sit still. If ETH staking gets hot, the price will certainly rise along with it. This wave of the market has also left some performance time for other altcoins, but we need to pay attention to events that stimulate market sentiment, especially Trump's actions.
The market has not fluctuated much over the weekend; Bitcoin touched 104,984 USD yesterday, while Ethereum performed a bit stronger, hitting 2,608 USD. The Ethereum ecosystem also showed a general rise, indicating that market funds are starting to rotate across different sectors.
BTC may break 120,000 in May! These 4 popular cryptocurrencies are set to soar 100 times in the bull market!
ENS
From a technical perspective, ENS is showing a stable upward trend after a long period of sideways movement. With the launch of the Ethereum staking ETF and the market warming up, the 'good stories' surrounding them are just beginning. ENS is a project worth continuous attention.
OP
It should be OP's turn to rotate now, ARB and ZK have taken off, and OP's ecosystem VELODROME has also soared. OP is the leader in L2; if it doesn't take off now, it would be impolite. The unlock has also been mostly completed, and it's basically close to full circulation. Let's aim for a 1 for this wave. I still believe OP is the leader in L2, and those who have truly used L2 blockchain operations know that the OP chain is the smoothest!
WLD
WLD has also risen; I've been recommending it for the past few days. Those who bought basically got in at the lowest point of this round of pullback, which is in the 0.8–0.9 range. After the hype of MEME coins, it will definitely be the turn of other altcoins in the crypto space. Although WLD has a relatively large unlock, I still believe WLD is the leader in the AI track. WLD at least has some practical applications and is not a worthless coin. When it's time to hype, it will be hyped, and the price will eventually rise.
CAKE
With the lowest market cap and severely undervalued, I hope Binance can develop this after regaining control, which can reflect in the coin price. I have swapped all of my BSC meme coins into CAKE. Even if BSC has a market later, CAKE won't be absent.
