加密钥

Over the past few days, $BTC has been trading inside a symmetrical triangle. This triangle is getting narrower and narrower and is about to reach the apex.

Last night, $BTC broke out from the upper edge of the triangle and formed one or two candles, showing upward momentum. But then it re-entered the triangle.

This breakout and then retracement trend shows that the direction of $BTC is not clear at this time, and it is difficult to determine which direction it will break out next.

This triangle is about to converge, so Bitcoin may break out from above. It is recommended to pay close attention to the period from August 24 to 26, as important trends may occur.

On August 5, Synapse said on social media that the Synapse RFQ (request for quotation) system has become faster under recent market conditions. The picture shows that the speed of Synapse RFQ has increased by 65%, and shows the changes in the bridge time of different blockchains. The median bridge time between July 30 and August 5 has been greatly reduced. #syn

The new meme member, sundog, has great potential. Is this popularity chart going to update new members soon? 🫣🐶
By the way, what is the Chinese name for sundog? ​

A coin that will explode 10-15 times: ALT

As the core issuance platform of AVS, the main node in the EigenLayer ecosystem, and the main contributor to EigenDA, ALT plays a key role in the development of the entire ecosystem.

It is not only a leader in the forefront of technology, but also an important link between projects, developers and users.

Compared with other tokens in the same industry, ALT's market value is still low, and there is no obvious leader in the industry. In the long run, this makes it a very worthy target.

With the outbreak of the market and the arrival of the cottage season, the long-term earnings prospects of ALT look quite optimistic.

Predicting the impact of the passage of Ethereum ETF $ETH

1. Rise in Ethereum price

The passage of Ethereum ETF will directly drive up the price of Ethereum. Although Grayscale may sell ETH, referring to the example after the passage of $BTC , the panic sentiment is not expected to be too serious. At present, the sentiment of the rejection of the Ethereum spot ETF application is being digested by the market.

2. Promote the application of altcoin ETF and bull market

The passage of Ethereum ETF will stimulate the ETF application of other altcoins, especially SOL. This will drive the altcoin market into a bull market. SOL and other altcoins may quickly follow up on the application for ETF, and companies in the market are preparing relevant materials.

The passage of spot ETF is expected to drive the altcoin market out of a wave of market conditions and ease the pressure on security tokens. By then, tokens that have been depressed due to securities issues in the past year (such as ADA, MATIC, DOT, ATOM, etc.) may have the fastest and highest growth. At the same time, ETH's related sectors will rise, and the activity on the chain will also increase.

3. Impact on the market share of Bitcoin

The approval of Ethereum ETF may reduce the market share of Bitcoin (Bitcoin) and push the market value of altcoins to rise. This is in line with the situation of the bull market in previous years, but Bitcoin's market share has been high for a long time. The application of Ethereum ETF has a greater impact on the entire altcoin market, because Ether is the leader of altcoins.

If the Ethereum ETF is not passed, the market may fluctuate briefly (pin), but the negative impact is limited because the market has been digesting it. In the current market, bad news may bring opportunities and test investors' position management. In short, we need to adapt to circumstances. $ETH