🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
O
Analysis: Driven by institutional buying and favourable information from regulators, the next target price for ETH is $4362.
PANews, August 11 - According to analysis from Matrixport, the price of Ethereum has broken through the $4,000 mark, reaching a new high since the end of 2021. This round of rise is mainly driven by institutional buying and a wave of short positions liquidation. The on-chain daily volume exceeded 1.8 million transactions, with over 30% of the supply already staked. In addition, the SEC's ruling that liquid staking tokens do not fall under the category of securities brings significant favourable information to the industry, further enhancing market confidence. Some listed companies are accelerating their布局, with their treasury holdings of Ether exceeding $3.5 billion, nearly ten times growth compared to last year. The market's next target may be $4,362, while the historical high of $4,892 remains the ultimate milestone.