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Can Ethereum Lead the Next Crypto Rally? | Daily Crypto IQ
Live stream · streamed · runtime 2:01:25
Takeaways
Derived from the stream's auto-generated captions.
- Ethereum's leadership could unlock broader altcoin rotation.
- Even using layer 2 networks eventually, even if they're wrapped up hundreds, if not thousands of of transactions, still eventually does generate a transaction on the base network.
- Network activity remains high while value capture weakens.
- ETH has several sources of potential demand from gas payments to staking, DeFi collateral, liquidity pairs, ETF ownership, treasury holdings, settlement for tokenized assets, and reserve collateral across layer 2 networks, and don't forget reststaking.
- On the max chart, it came out around 23.9 million in market cap.
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