๐ ETH Nears ATH โ Why NFTs Might Be the Sleeper Beta Play
Trader Eugene is sounding the alarm: while leveraged ETH Beta steals the spotlight in bullish runs, most altcoin Betas stumble because they rely on constant ETH inflows.
His twist? In todayโs scattered market, NFTs could quietly take the lead. Priced in ETH, they can climb in value alongside ETH without sparking mass ETH sell-offs. That makes them a stealthy way to ride the ETH wave.
Eugene warns this setup feels eerily familiar โ in 2021, as ETH pushed to new highs, traders piled into NFTs, igniting explosive rallies. If history rhymes, the next NFT frenzy could be brewing right now.
Targets to watch:
๐ฅ CryptoPunks โ the OG blue-chip NFTs.
๐ง Pudgy Penguins โ a rising community-driven powerhouse.
With ETH heating up, the question isnโt if NFT speculation returnsโฆ itโs when.
DYOR No Financial advice!