🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Recently, the Crypto Assets market experienced a pullback. Bitcoin's price fell below $115,000, hitting a new low in nearly half a month; Ether also failed to hold above the $3,700 mark. This trend inevitably raises concerns among investors, especially given Ether's history of repeatedly touching the $4,000 resistance level before retreating over the past two years, leading to doubts about whether this round of market conditions can achieve a breakthrough.
However, from an overall trend perspective, the current pullback is still within a reasonable range. The core driving force of this bull market comes from the influx of Wall Street funds, which is worth noting. Whether it is the Ethereum version of the 'MicroStrategy' plan, the development of stablecoins, or the promotion of the tokenization of real-world assets (RWA), all have brought substantial benefits to Ethereum.
Referencing the development history of Bitcoin, when MicroStrategy adopted a periodic investment strategy, there were also many doubts in the market. However, it has been proven that this strategy not only promoted a steady rise in Bitcoin's price but also provided strong buying support during the falling cycles. Currently, Ethereum seems to be undergoing a similar 'MicroStrategy' process.
It is worth noting that the recent rapid warming of the altcoin market may have led to a short-term demand for the defoaming of the US stock market. However, once the market digests this wave of increase, the true value of Ether is expected to be recognized again.
Overall, although the market may face volatility in the short term, the long-term prospects for the Crypto Assets market, especially the development of Ethereum, remain promising. Investors need to stay rational and focus on changes in the fundamentals rather than being overly concerned with short-term price fluctuations.