ETH continues to hit new highs, Uni is named and empowered by V God
The current animal currency has finally begun to cool down. At present, some low-priced currencies have begun to run away. This is what we said before. Early participation can still make money, but the new coins that come out later are basically aimed at Coming in the autumn wind, listing on the exchange may be the highest peak of the project, so those who are still eager to chase animal coins should be careful, the current risk is getting bigger and bigger.
Let’s go back to the market. Last night, the popularity of animal coins has subsided, and we should also give credit to the outbreak of mainstream coins. To put it bluntly, we have grabbed a lot of funds from animal coins.
Especially EOS, which exploded by more than 50% yesterday, directly hit a new high in the past 36 months.
The main reason for the outbreak is that Block.one announced the establishment of a new subsidiary, Bullish Global, and will launch a new cryptocurrency exchange, Bullish, this year. After Block.one’s first injection of US$100 million, 164,000 BTC and 20 million EOS, and Bullish Global’s US$300 million strategic round of financing, Bullish Global has now obtained more than US$10 billion in cash and digital assets.
Old users may know that Block.one is the owner of EOS, and it is reported that Bullish may also run on the EOS network. It is no wonder that the market has such a strong reaction. However, it should be noted that although EOS has a strong performance in terms of currency prices, the For Block.one, many old users do not particularly trust it. There have been a lot of application operations on the previous EOS network, but in the end it was not particularly ideal, and it also caused a lot of losses to EOS believers. Therefore, the current EOS It's time to start making trouble again, and everyone is right to be cautious.
Having said that, the animal currency has not completely "dead" at present, but at present, even if the animal currency finally comes to an end, it may still be more beneficial to the currency circle. After all, this wave has brought a lot to the currency circle. New players have also brought in a lot of funds. After the fad of animal coins subsides, these funds will not simply withdraw from the currency circle, but will continue to divert to other currencies. I just hope that they will not be affected by the current explosion of EOS. What a misunderstanding, otherwise it may be another three years in the future.
Another piece of news is about Uni. Vitalik Buterin, the founder of Ethereum, launched a proposal discussion on the Uniswap Governance Forum, suggesting that Uniswap can provide predictive price data for ETH/USD, and that UNI become an oracle token instead of being like other oracle machines Use ETH/USDC to feed prices.
This is V god's hand-picked empowerment for uni. After all, Uniswap is one of the currencies with the highest market value on the current ETH public chain. The other is Link, but Chinalink is a complex system with many functions, and a simple replacement is needed. To complement Chainlink, this choice is naturally more suitable for Uni, which is naturally good for Uni. No currency will feel pressure due to additional empowerment, especially the great public chain empowerment like ETH.
Going back to the market, yesterday Bitcoin was also said to have bottomed out and rebounded. After the market opened today, it continued to rise, once approaching $58,000, but then began to fall back. The current currency price is running around $57,000.
In the past two days, Bitcoin has also played the role of "little brother" as always. Most of the time it just followed the rise, and the increase was not much. If you look at the daily line, this wave of sideways trading will start from April 27. , and it is a sideways market after a rebound, which is really meaningless.
At present, it is recommended to continue to wait. At present, many sectors have already rotated. If the big pie does not express, the upside of other currencies is also limited, including investors will also worry about the status quo of the market. Of course, ETH seems to be a exception.
ETH: Recently, ETH has been on an independent market, and today it has set a new high again. In fact, the recent increase of ETH has been fast and large. It took only one week to break through from 3,000 US dollars to 4,000 US dollars. Let’s go, the ratio to BTC is constantly rising. At present, there is already a view in the market that ETH may be separated from the influence of BTC in the later stage, or at least interact with each other, which is enough to prove that everyone is optimistic about ETH.
However, it should also be noted that the gas fee of ETH has been getting higher and higher recently, which will inevitably affect everyone’s enthusiasm for entering ETH in the later stage. Remember that the previous increase was due to the weakening of the overall market situation, so the gas fee was reduced. I don’t know if it will happen again this time. From a general perspective, ETH is still worth looking at.
Platform currency: In the past two days, the platform currency has performed very well, especially HT. After breaking a new high yesterday, it broke a new high a few days ago. In terms of construction, HT pulls even harder, which may be related to the outbreak of several low-priced coins on HECO, but as we have said about platform coins, it is easy to have a wave of flow, and it is best to wait for the low price before intervening.
DeFi: Several DEX tokens are doing quite well today. Affected by the positive stimulus, Uni rose by 10% today, breaking through $44 at one point, very close to a new high, while Sushi rose by more than 15%, which is considered a small It has exploded. Recently, many currencies have performed quite well, and the growth rate is astonishing. Every time we ask everyone to deploy such currencies, on the one hand, we need to wait, and on the other hand, the increase may not be as strong as those currencies, but the value Coins are value coins after all. If you want to have more stable income, it may be a good choice to deploy more such coins.
DOT: There is nothing to analyze. We said a long time ago that if you take DOT, you are ready to take the long-term and wait for the outbreak of the next cycle.
Animal Coin: I really don’t recommend chasing it any more in the near future. Those who come out later follow suit. There have been accidents in the past two days. When everyone starts to withdraw, many projects will be closed, and it will be too late to leave. .
