5 must-read articles for the evening | What does the current increase in Ethereum fees mean?

avatar
Jinse Finance
a day ago
This article is machine translated
Show original

1. Inventory of crypto projects that really make money

In recent years, many Web3 startups have been struggling to scale while maintaining a stable user base. Although the initial publicity focused on decentralized features, the core challenge remains how to build sustainable long-term business models in competitive fields such as games, entertainment, social media, and DeFi. Click to read

2.TAO rose 1.6 times in a week and the interest rate cut trend rotated to the AI sector

Since the Federal Reserve started the interest rate cut cycle, the market value of crypto assets has increased by more than 300 billion US dollars. In the past week, MEME, AI and public chain sectors have rotated, and Bittensor (TAO) has led the AI and public chain sectors with an explosive performance of nearly 66% increase in seven days, and the coin price has reached an 18-month high. Projects with strong narratives and broad application prospects are more likely to be favored by capital and users. Below we analyze the logic of Bittensor's outbreak and find the investment rhythm of this cycle. Click to read

3. Bitcoin dominance in 2024

This week, we explore Bitcoin’s growing dominance in the cryptocurrency market. We examine the key factors driving investor interest in Bitcoin, including the impact of Bitcoin ETFs and market stability. We highlight challenges facing Ethereum, such as its falling ETH/BTC ratio and low profit margins, while also discussing the rise of stablecoins and their expanding role in the market. Click to read

4. Uncovering the potential dangers of Arbitrum’s new upgrade Timeboost™️

Recently, Arbitrum’s DAO passed a vote to implement a new sequence replacement feature, dubbed: Timeboost™️. I end this post with the mission of imploring the Arbitrum DAO and team to reconsider their implementation of Timeboost™️, but I know it’s probably a futile exercise. I see some major issues, not only with the greedy and short-sighted reasons they are pushing for this feature, but also with the disastrous effects it could have on users in the Arbitrum ecosystem. Click to read

5. What does the current rise in Ethereum fees mean?

While Ethereum fees have most likely been off your radar for the time being, they have been quietly rising over the past few weeks. The recent modest rise has barely registered with traders, as historically people prefer to overlook additional costs when their portfolios are moving in the right direction (ETH is up 15.6% since September 15th). Ethereum’s overall sentiment remains relatively unaffected, as many traders are still trying to claw their way back up after buying into the $3.7K to $3.9K highs in May. Click to read more

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments