[Sun]"Why do I insist on being optimistic about Ether?"[Sun]


(For those who can read it and those who despise it)
[Flower]1: ETF expectations, shortly after Bitcoin's ETF, I have live broadcasted to everyone that the next encryption ETF will definitely be Ether. The ETF approval will go down in history, changing the historical development process of Bitcoin and Ether. From the initial string of unpopular numbers to becoming a beloved target of global investors, the ETF approval is a long-term Favourable Information, which will continuously bring funds into the market to drive the price upward. The latest data shows that the Bitcoin ETF holdings of BlackRock have exceeded the share of gold.
[花束]2: From the historical trend, Ether has performed well in the second phase of a Bull Market in the past. Although it may be somewhat superstitious, history will not repeat itself, but each time is particularly similar. Because the group of retail investors has limited funds, the price of Bitcoin makes them discouraged. At this time, Ether, as the second largest cryptocurrency, will become a better choice for retail investors.
[Flower]3: Ether staking status, currently staked ETH accounts for 28.02% of the total Ethereum supply, highlighting the significant proportion where Ethereum holders support network operation and security by locking ETH in the staking contract on the beacon chain, thus stabilizing the chips.
[Flower]4: Many people think that the transition from EtherPOW to POS is a failed strategy. During the POW period, POW mining pools were one of the market makers. Miners had to join the mining pool to mine, and the pool took a portion of the earnings. With a large number of chips in the pool, after the transition to POS, the POW mining pool no longer continuously attracted chips by providing mining programs. I think this change only affects the mining community, as POS has changed their way of participating in mining, which is just a small part of the overall picture. In my opinion, the transition from POW to POS is more like a change of house dealer.
[Flowers] 5: Many people mistakenly believe that the recent price drop was caused by Vitalik Buterin selling chips due to love affairs, and that the Ethereum Foundation's selling chips caused it. In fact, this is not the case. The development of Ethereum is led by the Ethereum Foundation, with Vitalik Buterin at its core. In August, a mining pool published an article in the media, stating that the Ethereum Foundation holds 273,000 ETH, which accounts for only 0.25% of the total supply. Therefore, the selling of coins by Vitalik Buterin and the Ethereum Foundation has at most an emotional impact, and even if they are all sold, there is no significant selling pressure.
[Flower] 6: The financial market follows the 2/8 law in serving the public. The minority always make money. Many people think that they do not understand the underlying logic and cannot grasp the direction because they do not understand technical and form analysis. Therefore, they sometimes like to follow the crowd in their operations. When others say Ether is not good, they just follow the Cut Loss. Don't forget, currently in the encryption market, Ether's market capitalization accounts for 13.8%. Are these whales, Wall Street investment institutions, and BlackRock all suckers waiting for retail investors to take over?
[Flower] Summary: Regardless of the technical form, historical review, capital aspect, or the entire Ether ecosystem development, it is destined to perform in the second phase of the Bull Market. Ignoring everything, the current Market Cap of Bitcoin accounts for 60% of the total, which will definitely trigger capital rotation in the short term. Even if Ether is rubbish, it is a usable rubbish. It is a good tool for the market maker in the second phase to increase asset value because it has consensus, and retail investors can afford it. Moreover, there will be developer conferences, Prague upgrades, and other stories to tell in the future. In short, my comprehensive cost for Ether is 2600. I will hold it until the end of the Bull Market next year. Regardless of the return rate, I will accept it willingly because I will stick to my choice. The process is not important no matter how difficult it is; I only care about the result.#HalloweenCountdown: Final chance to enjoy $60,000
SUN0,89%
WHY0,74%
BTC0,06%
LIVE15,3%
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