Ethereum (ETH)

With @vladtenev and Robinhood now well and truly into the crypto game, who are the most important people in crypto now? > @VitalikButerin | $ETH > @cz_binance , @_RichardTeng | @binance > @saylor | @MicroStrategy > @brian_armstrong | @coinbase > @toly | $SOL > @justinsuntron | $TRX > @paoloardino | $USDT Whom did we miss out? 🤔

📊 Hyperliquid Smart Tracking Report (Last 4h) Main direction: 🔴 Short (87% of whales) • Total Short Volume: $14.3M • Avg Short Volume: $126K Top Pairs: 🔴 Short $XYZ100 • Total Volume: $3.8M (32 whales) • Avg Volume: $119K • Avg Leverage: 9.9x • Avg Entry: $29.3K 🔴 Short $ETH • Total Volume: $3.4M (23 whales) • Avg Volume: $148K • Avg Leverage: 11.9x • Avg Entry: $1.9K 🔴 Short $BTC • Total Volume: $3.1M (23 whales) • Avg Volume: $133K • Avg Leverage: 16.6x • Avg Entry: $64.3K

$ETHBTC is breaking out of a massive channel. A giant bull market is coming in the next few years. There is a set of Altcoins you need to hold in order to make it Don't just hold some random shitcoin. But hold something that will change the world of finance.

$ETH has reached the buy wall zone and is currently receiving support. However, if this sell wall breaks, a further decline to around $1,790 could occur. https://t.co/uZkUdxcl4L

I think this is probably the worst NFT related marketplaces have ever seen. Volume doesn't even reach above 500ETH on a daily scale. The only platform that's able to grow is @opensea, probably because of their mobile version What needs to change??? https://t.co/NDbQAHX4uQ

Inflows to $ETH ETFs are outpacing $BTC. This is same the $ETH/BTC price ratio. The trend of $ETH outperforming $BTC is expected to continue for the time being. This will be accompanied by a rise in altcoins. https://t.co/YihFa30q3n

MetaMask adds support for Robinhood Chain Robinhood Chain is now directly available in MetaMask. Users can now swap tokens, transfer assets between networks, and use decentralized applications running on this blockchain. The integration also includes support for memecoins and other compatible assets. This means you no longer need to manually configure the network, making it easier to enter the Robinhood Chain ecosystem. For the network itself, this provides access to MetaMask’s huge user base and greater visibility in the DeFi sector. #KryptoEkipa #kryptowaluty #Bitcoin

Mint of the day: @Frag_Growth by @jenyavyguzov - Supply: 1,600 - Price: $35 (in ETH) - WL Mint: 2PM – 3PM UTC - Public (FCFS): 3PM UTC onwards Do you have wl? Good luck my friends 🫡 https://t.co/OpQPvHI5qE

NFT Thesis: Total NFT market cap is only $1.5B with Punks + Apes + Pudgies making up >50% of that. There is a very persistent and healthy base of art collectors on ETH, see @CozomoMedici collecting and posting consistently for the past 4 years. I think the ETH art scene explodes on Ethereum if ETH gets a decent run. It makes up < 50% of the $1.5B market cap, so the entire art market cap on Ethereum is easily sub $1B. Compare this to the physical art market which does $60B in annual volume with an estimated $1.7T market cap (some estimates say $600B - $700B). Onchain digital art has several advantages over physical: - Built in lifetimes royalties (incentive for artists) - ability to express motion/animation (see XCOPY and DeeKay) - Less friction (shipping, insurance, payment settlement, etc) - arguably better discovery and overall less competition than physical market (more incentive for artists) - option to merge digital and physical presentation (see Tyler Hobbs, ACK, Sam Spratt) Yesterday, @toadswiback did > 400 ETH in sales across 75 auctions with each piece selling at an avg price > 5 ETH demonstrating real demand for real art on Ethereum. Meanwhile ETH itself is holding and bouncing off range lows against BTC. NFTs crashed hard after the 2021-2022 run due to major dilution (tons of projects launching). In 2024 NFTs had to compete with memecoins. Now that memcoins have seen a full cycle and total memcoin market cap has been bleeding out for over a year as capital flees the same issues that riddled NFTs in 2022 (extractive scamming and dilution), there is less competition for speculative captial. The only capital that remains in NFTs belongs to real collectors, with virtually no speculative capital in NFTs at the moment. Outside of the art scene, Pudgies are seeing insane traction. Billions of views, merch/TCG in Target and other stores. Globally recognized brand built over the last few years while floor price has gone down. So what/where should you buy? Buy what you like imo. If you have good taste you will probably make $. Personally I like Fidenzas, Masks, Chromies, and Pudgies among other things. If you like ACK and XCOPY then buy their work. If you like other artists, buy their work. TLDR: Ethereum NFTs have 0 speculative capital, minimal dilution, and declining competition from memecoins and infra scams (new VC backed L2s). If ETH pumps, a lot of speculative capital may choose NFTs that have survived a 4 year bear market instead of memcoins and infra scams.