ThreeBear
New member
With the approval of the Bitcoin spot ETF, speculative activities surrounding Bitcoin in the market are gradually subsiding. The price of Bitcoin has dropped from around $49,000 to $41,000, and community attention and investment focus are gradually shifting towards the Ethereum ecosystem and related concepts.
Prior to this, the Bitcoin ecosystem experienced a significant surge, while Ethereum, hailed as the "king of a myriad of chains," saw relatively modest gains, especially in the Layer 2 (L2) sector, where the increases of many tokens fell below expectations. However, in recent times, the price of Ethereum has surpassed $2,700, reaching a new high since June 2022. Associated concept sectors such as L2, LSD, ReStaking, modularization, etc., have also experienced significant increases.
It is widely believed in the market that, following Bitcoin, an Ethereum spot ETF may also gain approval. Additionally, the upcoming Constantinople upgrade is seen as a major positive factor, with future projects centered around Ethereum concepts expected to become focal points for investment. This signifies a gradual shift in the market from Bitcoin to Ethereum, with investors' focus undergoing a transformation, hinting at the emergence of more investment opportunities.
Prior to this, the Bitcoin ecosystem experienced a significant surge, while Ethereum, hailed as the "king of a myriad of chains," saw relatively modest gains, especially in the Layer 2 (L2) sector, where the increases of many tokens fell below expectations. However, in recent times, the price of Ethereum has surpassed $2,700, reaching a new high since June 2022. Associated concept sectors such as L2, LSD, ReStaking, modularization, etc., have also experienced significant increases.
It is widely believed in the market that, following Bitcoin, an Ethereum spot ETF may also gain approval. Additionally, the upcoming Constantinople upgrade is seen as a major positive factor, with future projects centered around Ethereum concepts expected to become focal points for investment. This signifies a gradual shift in the market from Bitcoin to Ethereum, with investors' focus undergoing a transformation, hinting at the emergence of more investment opportunities.