Can ETH still reach 2800? What is the market really anticipating?
In the past few days, various positive developments in the crypto space have occurred frequently, yet the market hasn't seen much of an increase. Why is that?
With Hong Kong and the United States implementing stablecoin legislation, this has strengthened the connection between the blockchain industry and the real economy. However, the anticipated upward trend has yet to materialize. Although last night ETH briefly surged to 2670, this falls far short of our expectations.
Recently, news of a pump token has sparked intense reactions in the market.
Do people believe that the pump.fun token could be the savior of the market?
Currently, the entire market, especially the Meme market, seems to be struggling a bit.
Occasionally, there are some strong tokens, but it's hard to replicate the glory of previous years. Retail investors have shifted from a frenzied buying spree to a wait-and-see approach. The market is yearning for a new narrative—AI next wave, stablecoins, corporate crypto asset reserves... rather than the high-risk bets on overvalued old platforms.
Currently, there is a general skepticism towards the pump token. After raising funds, what exactly will Pump.fun do? Can it bring a substantial gameplay upgrade to the Meme market?
Is it the final champion, or just the last cut? Until the answer is revealed, being cautious is never a bad idea.
