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.
ETH5.57%
SPK25.75%
RESOLV5.68%
PENGU1.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Share
Comment
0/400
ChainComedianvip
· 08-03 19:46
The alts at the 4k position are dangerous, the risks have increased.
View OriginalReply0
PerennialLeekvip
· 08-03 11:35
eth 4k is not far off, let's go!
View OriginalReply0
LiquidationTherapistvip
· 08-03 04:08
I still have a bunch of eth in my hands and I'm afraid to move it.
View OriginalReply0
InfraVibesvip
· 08-01 12:53
Buy low and sell high, who doesn't know that?
View OriginalReply0
OnchainSnipervip
· 08-01 12:52
Shitcoin can rise from the dead, how can we miss this wave?
View OriginalReply0
0xSleepDeprivedvip
· 08-01 12:52
eth is the leader, nothing more to say.
View OriginalReply0
ImpermanentLossFanvip
· 08-01 12:44
This wave of high resonance is indeed outrageous.
View OriginalReply0
BuyHighSellLowvip
· 08-01 12:40
The Rhythm Master is here, and it's another wave of suckers being played for suckers.
View OriginalReply0
RektRecordervip
· 08-01 12:31
It's the season for playing people for suckers again.
View OriginalReply0
StablecoinArbitrageurvip
· 08-01 12:25
*sigh* correlation coefficient between eth and alts at 0.94... amateurs still don't get it
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)