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The crypto assets market has shown interesting dynamics recently. Since April, the performance of many alts has been highly correlated with Ethereum (ETH), with most achieving an approximate 100% rise. In this vibrant ecosystem, some emerging projects have attracted the attention of investors.
Projects like SPK and RESOLV have shown potential, backed by strong teams and designed for real-world application scenarios. However, for investors, grasping the best entry timing for these projects remains a challenge.
At the same time, some relatively mature projects are also beginning to show clear prospects. PENGU is making progress in the NFT field and small games, which brings new development opportunities. On the other hand, ENA has found its footing in the stablecoin sector. Compared to traditional stablecoins that are unable to pay interest due to the impact of U.S. stablecoin legislation, ENA demonstrates a significant competitive advantage.
However, it is worth noting that the overall trend of the alts market is still closely related to Ethereum. If Ethereum cannot break through and stabilize at the key price level of $4000, a correction could lead to a significant decline in the alts market.
In this rapidly changing market, investors need to stay vigilant and closely follow the trends of Ethereum, while also keeping an open mind towards emerging projects. However, caution and in-depth research are still key to investment decisions.