Bitroot铄鸿

Took a look—
BTC and ETH’s price action on the K-line chart doesn’t look very optimistic.
These days, when buying memes,
try to use trading pairs like USDC/USDG.
If BTC drops,
other Alts will inevitably follow.
My feeling about memes these past two days is:
Even though there are many new memes,
most of them are still stuck around the tens of millions range,
it feels like there’s a cap/ceiling,
and that feeling is uncomfortable.
Cashcat and TUT haven’t really provided any good leading effect either.
If you’ve experienced the last round of the meme bull run, you’ll know what a leading effect is.
As for the stock market,
KOSPI, Hynix, Sandisk, and other popular targets also show no signs of finding a bottom.
If you’re trading futures, try to be more steady and enter more cautiously.
I’m about to say that line again:
Be patient.
Don’t rush.
Also, if there’s a good meme,
I’ll still recommend it to my brothers.
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August 11, according to data, the amount of Ethereum (ETH) staked has reached a historic high—currently about 41.7 million ETH are being staked, accounting for roughly one-third of Ethereum’s total supply.
Meanwhile, ETH’s price performance has been weak; after dropping from around $3,400 in January this year to around $1,900, the staking size continues to grow.
Market analysis suggests that as the number of ETH staked increases, the staking rewards mechanism will not stop generating returns. Validators continue to receive rewards and reinvest part of those earnings back into staking, further expanding the total staked ETH.
The staking ratio for ETH has continued to rise, indicating that long-term holders and institutions’ confidence in the Ethereum network’s security and future ecosystem development remains strong. However, a large amount of ETH entering staking may also affect market liquidity.

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