The Ethereum Cancun upgrade is tentatively scheduled for October, but the hype may start in June. In my impression, an interesting phenomenon is that the Ethereum 2.0 upgrade started hyping two months in advance, and the Shanghai upgrade started hyping three months in advance. So will the Cancun upgrade be hyped four months in advance? I think the possibility is greater. Just like the life of GameFi is getting shorter and shorter, the hype of these large expected events will also be advanced, especially in the current market environment.

The targets are Layer2 such as $ARB and $OP (there are many more, I will not list them one by one). Arbitrum’s current fundamentals are very good, and Optimism is currently going through two major events: the cliff unlocking on May 31 and the bedrock upgrade on June 6.

LSD&LSDFi

Why pay attention to LSD? I want to emphasize again that LSD is a long-term business. With the end of withdrawal pressure, ETH LSD is currently in a state of net inflow. Among them, the LSDFi track is ushering in a period of rapid development - we can also see that many LSDFi protocols have emerged in the past few days. However, most of the protocols are just short-term projects that attract liquidity through high-value token releases.

In my watchlist, PENDLE, AURA, Lybra, and Prisma are the four projects I will keep an eye on recently. I have already written a detailed analysis, so I will not go into details. They are all stored in my Substack. I will actively follow up on the v2 testnet launched by Lybra in mid-June, and pay attention to its token price. Prisma's logic is more self-consistent and simpler, so I am also optimistic about it.

Let's talk about the LSD track again. In addition to Lido's dominant position in the LSD track, Frax's growth rate is obvious, from 0.72% at the beginning of the year to 2.46% today. Rocket Pool's share has increased from 5.24% at the beginning of the year to 7.7%. From the perspective of market share growth, Frax has achieved a good result. It is also worth noting that the collateral rate of FRAX (stable currency) will also reach 100% around mid-June, and Frax v3 will be launched soon. At that time, Frax will launch a lending market established for FRAX liquidity (this function may be part of v3, the time is Q3/Q4).

Another point is that Lido's dominant position has also aroused some people's attention to the decentralization of staking. In addition to the efforts on the underlying architecture (DVT), unshETH is committed to balancing the relationship between various LSD protocols. However, unshETH just had some security issues yesterday. The ssv network using DVT technology is also going to be launched. Discord said it will be Soon, so my reasonable guess is June.

VR sector currency recommendation

HIGH, highstreetworld is a business-centric metaverse and a VR project in which Binance focuses its investment.

RNDR, RenderToken is one of the few distributed GPU rendering network platforms based on blockchain. Under the concept of the metaverse, the development of the virtual world will be very rapid, and the demand for rendering will become more and more intense.

CEEK is a social virtual and augmented reality (AR) experience developer that aims to provide creators with the tools they need to generate new revenue streams from the digitization of their art. Artists share resources, such as individual albums or songs, through the blockchain platform powered by CEEK wearable devices, or they can create branded content that audiences love through CEEK’s VR/AR studios established on a large scale.

Today, the cottage industry can pay attention to ACH and APT. ACH is a high-quality currency in the Hong Kong sector. In June, the Hong Kong sector has been continuously favorable. KEY has already gone out of the independent market. The current ACH is 0.293. The support below is strong. You can wait for the sector rotation with a light position. APT has been consolidating at the bottom for nearly a month. It is currently around 8.7 and has broken through the resistance range. The upper resistance is light and the trend is good. You can follow up lightly.

What are the wealth-making opportunities in the second half of the year?

1/ Cancun Upgrade

The Ethereum Cancun upgrade is tentatively scheduled for October, but the hype may start in June. In my impression, an interesting phenomenon is that the Ethereum 2.0 upgrade started hyping two months in advance, and the Shanghai upgrade started hyping three months in advance. So will the Cancun upgrade be hyped four months in advance? I think the possibility is greater. Just like the life of GameFi is getting shorter and shorter, the hype of these large-scale expected events will also be advanced, especially in the current market environment. The target is $ARB $OP, these Layer2, Arbitrum's current fundamentals are very good

2/ Computing Power & Metaverse & AI

In fact, $RNDR has already risen once, as mentioned in previous articles. I think computing power will be a narrative theme of the future world, and Nvidia's surge is a good example. In essence, $RNDR is not very related to AI computing power, but it can be used. Another catalyst for $RNDR is the Apple conference. Head-mounted display products are an important part of Apple's future, and $RNDR's parent company is Apple's partner. If the parent company of $RNDR is not involved when Apple products are released on June 5 (for example, it is marked as supported by the parent company), $RNDR will not be bought. If it is involved, I will include $RNDR in my holdings.

Recommended currency:

$HIGH is a business-centric metaverse and a VR project that Binance focuses on investing in.

$RNDR is one of the few distributed GPU rendering network platforms based on blockchain. Under the concept of the metaverse, the development of the virtual world will be very rapid, and the demand for rendering will become increasingly strong.

3/ BRC20

Although the popularity of BRC20 has decreased a bit, it still has a certain space for expectation, such as Binance's list of BRC20 tokens. Binance's potential support may trigger a new wave of gains, which we cannot ignore.

SUI

USDT Sui unlocks 5700 Wu. For the current market value, the dilution value is about 10%. Corresponding to the recent decline, this news has been reflected in the price. From a fundamental point of view, Sui is a technical value coin. It has not been effectively hyped since its listing. As shown in the technical analysis, the 4-hour price, Sui/BTC Sar sends a reversal signal, and MACD Vol has a reversal trend. In terms of thinking, a bottom position can be built at 0.927, and a position can be added near 0.85, with a stop loss of 0.78. Spot or low multiples are both acceptable.

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.