What to watch for Ethereum in this bull market:

1. The decentralization of Ethereum staking, represented by $SSV, the staking track will develop into three layers: L0 for DVT, L1 for pledge (represented by Lido), and L2 for re-pledge (represented by EigenLayer)

2. The L2 performance optimization brought about by the Cancun upgrade will not be discussed here.

3. DA data power competition, the competitor is $TIA, the orthodox ones are $ENS and EigenLayer’s DA

4. Whether RWA will be adopted on a large scale by traditional institutions? Since it is mainly concentrated on top DeFi and the current average revenue on the market has increased, it remains to be seen whether RWA will be adopted on a large scale.

5. Decentralized sorter, which is also the key to the recent surge in $METIS.

Since this cycle, ETH has surged for the last time, and then the market began to adjust soon. The exchange rate against Bitcoin has returned to October, and is gradually recovering. However, the recovery of the exchange rate is mainly due to the decline of BTC rather than ETH. Independent rise.

Potential coin analysis:

LOVE

At present, the one that is ignored by everyone in the L2 track is TIA. As soon as it was launched on Bitget in early November last year, our group asked us to buy it for $1 more. Now the currency price has risen to more than $19, more than ten times, and its current market value It is still relatively low, and there is still a lot of room for growth in the future. If it can pull back to around 15 in the short term, those with short positions can buy in batches.

Celestia is an important infrastructure for the entire blockchain field. This adaptable blockchain network has a single focus: to build a strong and scalable foundation for the development of other blockchains. It is the world’s first data availability blockchain network, launching on October 31, 2023. The project advocates the concept of blockchain modularity, which refers to the blockchain design concept of separating the basic functions performed by the blockchain.

ATOM

The Cosmos community is currently undergoing a major decision-making process, voting on a proposal that could lead to zero inflation for Cosmos (ATOM). The community’s strategy of cutting inflation to zero could indeed boost the value of the Cosmos (ATOM) currency. The Cosmos network is designed to produce an additional 7% of tokens per year even when fully staked, but it has approved a maximum inflation cap of 10%. Cosmos (ATOM)’s decision to cap inflation at 10% shows that they are indeed taking control of the economics of their token.

The price range for Cosmos (ATOM) is between $8.99 and $12.39. The 10-day moving average is $10.10 and the 100-day moving average is $9.12. Key support is at $3.98 and $7.38, while resistance is at $14.19 and $17.59.

Pushing Cosmos (ATOM) to zero inflation could severely alter the performance of the market. If the plan is approved, the value of Cosmos (ATOM) could rise as availability increases. However, while the potential growth of Cosmos (ATOM) paints a rosy picture, the actual impact of these changes on the market is like a coin toss. Holders should be prepared for both highs and lows.

BE

Sei (SEI) has witnessed impressive growth due to a number of factors, including the announcement of its v2 upgrade and support for Ethereum Virtual Machine (EVM) smart contracts. With the launch of the v2 upgrade, Sei (SEI) aims to attract the Ethereum crowd by paving the way for EVM-savvy developers to migrate their efforts and making it easy for wallet users to get started.

Sei (SEI) is currently trading within a price range of $0.530 to $0.853. The 10-day moving average is $0.741 and the 100-day moving average is $0.654. Support is found at $0.059 and $0.382, while resistance is found at $1.028 and $1.351.

There is more good news on the horizon for Sei (SEI) holders as the value of Sei (SEI) climbs and strategic updates play out. Sure, the Sei (SEI) token is hot and its updates are coming at a rapid pace, but let’s not forget how crazy cryptocurrencies are: you have to be careful because those market swings can really get you into trouble.

ETH Cancun Upgrades, These 4 Altcoins Can Focus on

ON

Our strategy is that 1.95 has now doubled, and we will return to 2 to continue the stud, but we must be careful not to exceed the popularity of the Cancun upgrade.

ARB 

Ethereum's second-layer network L2 leading coin occupies nearly 50% of the market share among all L2s, and the project team has been doing something good. When it pulls back to around 1.7 to 1.9 dollars, boldly buy with a full position.

SSV

The leading currency pledged by the Ethereum chain has skyrocketed to 40 dollars since the last time it was publicly announced on January 5th for you to get around 26, with an increase of 45%+. If it returns to around 26 again, buy boldly.

LTC

Litecoin (LTC), one of the most talked about tokens on the market, reached $75.29, an increase of 3.05%. LTC’s trading activity has been strong, with 24-hour trading volume reaching $1.4 billion and a market capitalization of $5.58 billion, dominating 0.32% of the market.

WLD

WLD also achieved notable results in the cryptocurrency market, with intraday gains of up to 9.60%. Its trading volume reached US$397.05 million, and its market value reached US$329.7 million, accounting for 0.02% of the market share. With the Fear and Greed Index at 71, the market continues to be bullish on the price of WLD.

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