Next, the trend will shift to the Ethereum ecosystem
Here are the reasons:
1. ETH has ETF expectations in May
2. Cancun in March-April
3. Cancun is a commonplace topic. I originally thought it was meaningless, but with the ETF expectations and the BTC spot ETF approval, things became unusual.
4. It can be clearly seen from the market situation that since 1.8, eth/btc has begun to reverse and has not looked back.
The next step is to think about Ethereum, which ones are the best, and the market will give the answer
1、lay2。op、arb,zk系meme zkf
2. Pledge, pledge again. rstk,ldo,ssv,br,
Potential coin recommendation:
Arbitration (ARB):
ArbitrumDAO recently received a comprehensive proposal detailing the upgrade of ArbOS to version 11. This thoroughly tested proposal aims to enhance support for the Arbitrum (ARB) token. The goal is to improve various services within Arbitrum, including Arbitrum Orbit, Arbitrum One, and Arbitrum Nova.
A major modification in this implementation involves integrating support for EVM Shanghai. It also includes addressing specific precompiled contract behaviors. Additionally, it involves fine-tuning the gas pricing parameters of the Arbitrum network.
Industry experts are optimistic about the potential impact of these upgrades on Arbitrum’s performance in the coming year. Meanwhile, Arbitrum’s transaction volume has recently increased by more than 50%. This bullish trend is expected to continue, which signals a positive trajectory for the Arbitrum network.
Solana (SOL)：
Solana is one of the best altcoins of 2023 and is expected to make an even more impressive leap this year. The coin is changing hands at $100.67, up 3.84% in the past 24 hours.
With year-over-year growth of over 525%, Solana remains an attractive option for traders given its enhanced scalability potential, fast transaction speeds, and lower costs compared to its peers.
The Solana hourly chart shows the formation of a bullish flag pattern, indicating an impending bull run. A break above the $110 price mark is considered a catalyst area to watch.
(MATIC)：
Polygon is an effective protocol to watch as it continues to push new frontiers in the dynamic digital currency ecosystem.
With the launch of the Polygon CDK toolkit, more developers are beginning to accept Polygon as a channel to create diverse applications to serve humanity.
Polygon has unveiled plans to upgrade MATIC to POL to truly reflect its growth trajectory. This transition could have potential impacts on the performance of the asset in the long run.
Avalanche(AVAX)：
Avalanche is another standout performer, but it’s still a long way from its previous ATH of $146.22. While it started 2023 in a bearish mode, it ended up being one of the strong performers, surging over 210% year-over-year.
As the Inscription and DeFi ecosystems continue to grow, Avalanche is being adopted by a large number of institutions. These fundamentals make it likely to grow further from the current price of $38.87.
Cardano (ADA):
Cardano (ADA) is experiencing a period of heightened interest and optimism. Analysts and ChatGPT predict that the price will rise significantly in the long term, suggesting that its value is likely to increase.
The current market analysis and predictions for Cardano (ADA) indicate that the price could rise significantly.
The future of Cardano (ADA) looks promising, with predictions that the price could reach $6. This optimistic prediction depends on market dynamics and investor sentiment. While the long-term outlook is bullish, Cardano (ADA) could face short-term volatility and market fluctuations that could affect its progress towards this goal.
