Recent strong Ethereum altcoins to watch:
LDO: Leader in the staking sector UNI: Leader in decentralized exchanges
The reason for choosing these two cryptocurrencies is the expectation of Ethereum ETF staking.
LDO: After the relaxation of regulatory policies, there will be hundreds of billions of Ethereum ETFs prioritized to flow into the LDO protocol for staking interest. Currently, Lido's TVL is close to 14 billion, accounting for 26% of the total DeFi TVL in the network. Plus, the community's recent plan to buy back LDO will reduce market selling pressure, and the proposal will be voted on August 25. Everyone should remember to pay attention to the voting results.
Target: [Short-term target: 2, Long-term target: 5u]
UNI: This is one that I have already promoted so much that I don’t want to promote it anymore. I have always recommended everyone to confidently hold UNI, which is an essential altcoin in the Ethereum ecosystem. The recently launched fee switch directly affects the upward potential of the token, combined with the fact that there is at least 20 million in monthly income, reaching 200 million in a year. If used for buybacks or dividends, the price of UNI could be driven up to over 20u, and if the market conditions align, reaching 30 is also possible.
Target: [First look at 20, if reached, take some profits, the remainder continue to look at 30]
Currently, the market is still in a range-bound fluctuation, and it is likely to depend on the Federal Reserve meeting on Thursday. However, I personally expect it to be bullish. The market has already started to move in advance, and once the meeting is announced, the market will definitely rise.
Currently, if there is no position, you can follow my strategy on which cryptocurrencies to invest in. The bull market has just begun, and I hope you can seize this opportunity.
