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Crypto KOL 0xsun posted about the bullish trend of EIGEN, stating that there is significant room for additional gains in the staking game.
BlockBeats News, September 9th, Smart Money, and crypto KOL 0xsun.sol (@0xSunNFT) published a post stating, "As mentioned earlier, at the end of August, it was observed that the leadership effect of ETH was weakening. In the medium to long term, I still have confidence in ETH, but recently it seems to lack some momentum. After some consideration, I gradually switched 30% of the ETH long position to several altcoins, all of which I believe have a very good fundamental and align with the current mainstream narrative to enrich the bullish portfolio.
The ones I chose are XPL, Hype, ENA, Eigen, Bonk, and Ondo, which I am still observing. In the past two months of this ETH-led uptrend, it can be seen that many strong coins are ETH-related altcoins, which is very logical. ETH-related altcoins can be divided into several categories, mainly L2-related, DeFi-related, and Restaking-related. The high-quality targets of the first two categories have already risen a lot, relatively speaking, the restaking track has a considerable room for catch-up.
Undoubtedly, the leader of ETH restaking is Eigen. With the launch of EigenCloud, Eigen has become not only the top restaking protocol and the fastest DA protocol but also the first verifiable cloud system that can perform on-chain or off-chain tasks, which is also their direction of focus in the future.
In addition, A16Z led the Series B round last year, followed by an additional $70 million investment in June this year, and ETHZilla chose to restake $100 million worth of ETH, all of which are beneficial to the entire ecosystem."
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