Ethena price

As mentioned earlier, at the end of August, it was observed that ETH's leading effect was weakening. In the medium and long term, I am still optimistic about ETH, but it seems that there is a lack of momentum recently, and after thinking about it, I gradually exchanged 30% of the ETH long position to several altcoins, which I think the fundamentals are very good and in line with the current mainstream narrative target, to enrich the long portfolio. I chose $XPL, $Hype, $ENA, $Eigen, $Bonk and $Ondo, which I am still watching, and will take the time to write about the reasons why I am optimistic about them, and this article will talk about @eigenlayer first. In the past two months, it can be found that there are many ETH-based copycats in the strong currency, which is very logical. The ETH altits are divided into several categories, mainly L2-related, DeFi-related and Restaking-related, and the first two types of high-quality targets have risen a lot. The launch of EigenCloud has made Eigen not only the number one re-staking protocol and the fastest DA protocol, but also the number one verifiable cloud system that can complete on-chain or off-chain tasks, which is also the key direction of their future development. In addition, after leading the B round of investment last year, A16Z invested an additional $70 million in June this year, and ETHZilla chose to re-pledge $100M worth of ETH, all of which are good for the entire ecosystem. It can also be seen from the price trend that in the past period of time, $Eigen has been a relatively strong currency in the ETH system.