BashJasper

I think we should brace ourselves for the Ethereum ecosystem bull run as the much-hyped Dencun upgrade, initially slated for earlier, is now making its grand entrance in March 2024. Analysts are buzzing with excitement, foreseeing Ethereum (ETH) and its ecosystem projects stepping into the spotlight as the main actors of the next bullish surge. If all goes according to plan, this upgrade could unleash the full potential of the Ethereum ecosystem. Just a month ago, the Total Value Locked (TVL) in most Ethereum Layer 2 (L2) protocols skyrocketed to all-time highs, with Optimism, Arbitrum, and Metis leading the charge. Following this surge came a wave of gaming projects flocking to the chain, banking on Ethereum to revolutionize gaming experiences and slash those pesky transaction fees. The ETH price action is sending vibes reminiscent of Bitcoin’s pre-ETF era. As we eagerly await the potential approval of an ETH spot ETF in May, the “Decun” upgrade emerges as another game-changer. Analysts draw parallels between the impact of this upgrade on ETH and the transformative “Fire-Dancer” upgrade on SOL (Solana). In anticipation of these game-changing events, we’re witnessing a flurry of activity, with more L2 and gaming projects sprouting up on the Ethereum chain. OKX is already test-driving a promising L2 chain dubbed X1, while Bitget contemplates building a blockchain to amplify the utility of its Ethereum-based token, BGB. Not to be left behind, Binance has seamlessly integrated Optimism into its smart chain with opBNB. In just one whirlwind month, a plethora of Ethereum-based projects have burst onto the scene, boasting impressive price actions upon listing—think STRK, MAVIA, NADA, ASTO, and the list goes on. With ETH soaring above $3k and the charts painting a picture-perfect bull trend (even the likes of OP and ARB notching up multiple all-time highs), it’s time to ask: What are your expectations? Do you believe in the staying power of these new projects, or are they just fleeting sparks in the crypto cosmos? Strap in, folks, because the ride is just getting started!

Copy trading in its present form might be a bit too simplified but still lack some user-friendly ingredient like having the option to explore multiple elite traders in one pool of fund. If there's a tweak in this direction, I think copy-trading might become the crypto-trading innovation for some time.

If there's any true revolution to financial transaction, it is DeFi which are mostly built on smart contracts and easy to use with fast transaction timeline and no bottlenecks. Reading about this project reinstate my hope in the potential of the DeFi system

If you are involved with exchanges, you will realize that there are several ways these entitiies reward their users like extraordinary staking APY, rewards on first deposit/transaction, learn2earn, candybomb and a whole lot of others depending on the exchange though.

Well, airdrops season are always a prelude to a bull run per history books. It's interesting to see major airdrops of this season emanating from testnet participation, NFT mintings and community participation though ALT is now fast becoming more relevant have earmarked that much of their token distribution to community airdrop.

I have followed this project for quite some time now and it seems to be getting the hype and traction it really deserves. Thank heavens, I can finally go grab some on Bitget tho

Well, memecoins are always there to distract us from the stress of the market; get them make you an easy 10 to 20x and watch most of them fade away by getting delisted by major exchanges after outliving their relevance. But we'll always stand to maximize their potential while they last including these new ones WIF and BABYDRAGON

Can't say we actually understand what was about happening in the market when etf entered the market but the plot is getting thicker atm. However options are readily available as to where and how to navigate the present market having seen the potentials of bot trading and copy trading

I would say memecoins are easy route to 10x - 100x in returns on crypto investments but will like to llok more into PONKE to track its mcap on DEX and more....

Gotta say I enjoyed it while it lasted during the testnet phase of the project's life cycle. Did a lot of interactions via DeFi activities on MM and Okx web3 wallet and got some airdrop tokens which I later deposited on bitget for the event.

Hmm! I like it when I see innovation in the crypto space just like when major exchange began to integrate non-custdial wallet. And now, the use of card and p2p spot on the exchange opens up a wide range of access to crypto users. I just hope they continue building and expanding their ecosystem though.

That's correct and might be a result of strong community partnership between them and the project team, I guess.

Solana ecosystem is already becoming a force in the blockchain and web3 space with many new projects being built on this evolutionary scalable chain though ordinals and BRC20 are just on another level (that's majorly subjective though). I can see SAROS is trying to build something different from what PYTH and JITO are doing already and that might means more expansion and adoption of the ecosystem. Thanks to bitget, more users could get exposed to the project and its potentials.

We've seen decent amount of these tokens in the past especially ICP and WLD with unrealized potentials. I just hope OORT live up to expectation and actually forment trust on the blockchain which is one of the cardinal features of the technology. And as always, candybomb has been my fav on bitget by a mile! I'm already in for the prize pool.

Before the approval of the BTC spot ETF by SEC, everyone in the crypto space was expecting a bull run hinging their expectations on the wider adoption of BTC and the asset being in high demand leading to a hike in price. But little did we know that institutional owners and big whales have already transferred a lot of these BTC holdings to their wallets waiting for the listing to sell off for a profit. With Coinbase serving as asset custody for about 90% of listing institution, there was always a pointer that market could dump depending on the activities of whales on the exchange and at this rate the exchange could run out of their BTC reserve if demands and sales continues at this rate tho. That didn't disappoint either as reported BTC sales after 24 hours of BTC spot ETF going live for the approved 11 trading firm, stood at $7B. That alone is enough to cause a major dump in the price of BTC as witnessed yesterday. Although most analyst are of the opinion that this is expected and that as soon as the volume of ETF trades increases tremendously and demand is on the high, institution will still need to acquire more BTC to seed with their product leading to a spike in price of the asset. Also, with the halving less than 100 days from now, there's belief that supply may dry up and inevitably result in another bull since the buy pressure will be 2-way - one from the ETF offering institutions and from the crypto buyers needing for other usecases. But another interesting theory to the drop in price is that analyst are of the view that most BTC holders are shifting funds from BTC to ETH further explaining why the Ethereum ecosystem is buzzing atm with a spike in price to ~$2,700 earlier today. A lot of tokens in the ecosystem have witnessed a price jump especially METIS, ARB and OP. But all these begs the question, "what is the appropriate action right now?". Some crypto experts are saying trading is the best play right now while some believe it's the right time to buy the dip. What is your take?