🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
2024-5-22
chart analysis:
BTC is currently at 70000 points, Ether at 3800 points.
These days, it's all thanks to ETH leading the charge.
But this strange surge of Ether is coming.
There is no actual favorable information. It is said that the probability of ETF approval has risen from 25% to 75%. This kind of news sounds brainless, and I don't know who released it.
First of all, let's not talk about the small probability of passing the Ether ETF.
Even if it's really approved, it's still competing with BTC for the cake.
---------
Let's analyze this logic:
The adoption of the Pancake ETF has indeed expanded the market, allowing more conservative investors to invest through the ETF format.
But assuming that Ether also passes, will investors who haven't bought BTC before decide to invest now that Ether has passed?
Perhaps there are, but the quantity must be very small.
Investors will not increase significantly because of this matter, and without a large influx of over-the-counter funds, there will naturally be no sharp rise as in the previous months.
So far, the probability of consolidation or decline is at least 75%.