As the impact of the US election gradually unleashed, the overall cryptocurrency market improved, and inflows from US spot Ethereum ETFs also hit a new high in six weeks. On November 6 alone, the total inflow of nine spot Ethereum ETFs reached $52.3 million. Although this is not much compared to the size of Bitcoin spot ETFs, according to data, the increase in Ethereum ETFs has reached the highest point since September 27.

Fidelity's performance was impressive, attracting $26.9 million, while Grayscale followed, with inflows of $25.4 million. However, the other seven Ethereum ETFs had zero inflows for the day. Although the high management fees of the Grayscale ETHE Fund have caused investors to continue to withdraw their capital, with a total outflow of $0.49 billion since July, market interest in Ethereum has clearly increased with the entry of spot ETFs.

The Ethereum price showed a technical pattern of an ascending triangle and continued to consolidate above the triangle, strengthening the bullish sentiment. If this trend continues, the price of Ethereum is expected to reach $3,600 in the next few months. Meanwhile, the ETH/BTC exchange rate rose close to 9% on November 6, and the price of Ethereum also stabilized above the 120-day exponential moving average, which further boosted market confidence. The continuous inflow of ETF funds andTechnical indicatorsThe positive performance indicates that the crypto market may usher in a new round of gains.

Investment opportunities in the four major tracks: key projects under the general rise

In an environment where the market is generally rising and liquidity is relaxed, there are four major racetracks that may become key investment opportunities in the future market:

1. The resonance development of Ethereum and DeFi

With the formation of a loose liquidity environment, DeFi as the core application of the Ethereum ecosystem will be significantly promoted. The Federal Reserve's possible interest rate cut policy will reduce financing costs, attract more capital into the DeFi sector, and promote the further development of decentralized finance on Ethereum. The current total hedging volume (TVL) of Ethereum has reached $53.4 billion, an increase of 16% over the past month. This trend has brought significant benefits to DeFi protocols such as UniSwap, Aave, and Lido.

UNI: As a representative of the automated market maker (AMM) model, Uniswap provides users with decentralized liquidity pools and is a leader in the DeFi market.

AAVE: Aave excels in decentralized lending protocols, and its innovative flash loan feature provides users with diverse lending services.

LDO: LiDO allows users to stake Ethereum and obtain liquid stETH stETH, a liquidity tool that further enhances the security of the Ethereum network.

ENA: The USDE protocol launched by Ethena Labs provides a stable synthetic dollar to the crypto market, addressing the crypto market's need for a stable currency without a banking system.

Such DeFi projects are likely to benefit significantly in the future upward trend. According to Binance data, ENA, LDO, AAVE, and UNI have all recently increased by more than 20% within 24 hours, showing the market's confidence in Ethereum and the DeFi circuit.

2. The rise of the Bitcoin ecosystem and the expansion of second-tier applications

Today's Bitcoin ecosystem is gradually expanding applications beyond storing value. Projects such as Goat Network and pStake incubated by Metis are actively laying out the Bitcoin ecosystem, hoping to introduce Bitcoin's liquidity into DeFi projects through two-tier solutions to provide liquidity for other ecosystems. This liquidity expansion model has not only boosted the development of the Bitcoin ecosystem, but also brought more opportunities to other crypto projects. In the future, if Bitcoin can release 10% liquidity, the entire DeFi market will usher in an important liquidity supplement.

3. Emerging conceptual assets of AI combined with blockchain

The rapid development of AI technology and the combination of blockchain have brought innovation to the crypto market. AI+ blockchain projects promote technological innovation through decentralized data marketplaces, AI models and computing resource sharing platforms, data privacy protection and identity authentication, and intelligent automated transactions. This innovation not only brings liquidity to the market, but also creates new investment opportunities.

FET: Fetch.ai has built a decentralized data market, which allows devices to communicate with each other through intelligent agents, and promotes the intelligence of AI systems.

GRT: Provides distributed graphic indexing services to help developers obtain blockchain data and improve the efficiency of data interaction.

IO: As a decentralized artificial intelligence computing and cloud platform, io.net uses underused resources to provide AI developers with more economical computing power.

NMR: NumerAI introduces AI technology into the prediction market and optimizes trading models through a competition model to improve the accuracy of market predictions.

This AI+ blockchain model not only improves efficiency, but also guarantees data privacy, making it have broad application prospects in finance, medical care, etc.

4. The rise of real asset projects on the RWA chain

Real asset chains are gradually changing the way traditional financial assets are traded. The RWA project introduced assets such as treasury bills, real estate, and bonds into the blockchain through tokenization, significantly improving the liquidity of these assets. If Trump's crypto-friendly policies are implemented, the RWA project will receive a more friendly regulatory environment, thereby attracting more investors' attention.

Ondo: Focus on the tokenization of traditional financial assets, especially the on-chain treasury notes, providing investors with a lower threshold investment channel.

MKR: Using RWA as collateral through the decentralized stablecoin DAI further enhances the robustness of the DeFi ecosystem.

PENDLE: This project provides an income trading agreement, dividing the assets that generate income into principal and income parts, and users can obtain regular returns on this basis.

The Trump administration's policies may promote legalization of asset tokenization and simplify regulatory requirements, making the RWA program more robust. Under this trend, on-chain real asset projects will gain greater appeal to global investors.

summed

As the crypto market continues to evolve, the Ethereum and Bitcoin ecosystems are active, driven by liquidity, and DeFi and on-chain real asset (RWA) projects are also gradually gaining attention. Furthermore, technological innovation brought about by AI+ blockchain projects has further expanded the application scenarios of the market and brought rich choices to investors.

Let's play together on the home page~