Why do I have high hopes for moodengeth? Essentially, what I am more optimistic about is the deep connection between Vitalik and moodeng. The last coin that Vitalik endorsed was shib, and after the deep connection, his good friends like Master, CZ, etc., came out to help endorse it, pushing shib's main chain eth to a new height. Four years later, he chooses to endorse moodengeth, attracting traffic from the crypto space to eth. He spent tens of millions to nurture moodeng, rather than authorizing the IP like others. His intention was to create a deep bond with moodeng and to buy it out.
This time, by buying out moodeng for two years, Vitalik will at least have several certain expectations, several high-probability expectations, and a few low-probability expectations. (This will be analyzed in a few days)
We all know that memes are generally speculated on expectations and attention. This round of eth is obviously weak, mainly because the technical sector of defi has done too much, and the on-chain activity of dog coin players has diminished. If Vitalik comes out to endorse meme coins, then eth may erupt in another round of animal narratives, just like the last bull market.
I originally thought that the animal narrative would erupt on sol, bsc, and sui, but after observing for a long time, the general funding volume on these three chains is relatively small. Even a very good token tends to be pumped once and then run away. Most are small bets for big returns, while there are many large holders on eth, with a larger landscape, who can generally secure stability. Therefore, if the zoo meme erupts, the Ethereum main chain will become the initial place for speculation, and the other three chains will siphon off the animal narrative frenzy brought by eth. The price of eth will soar!
Vitalik is a revolutionary figure in blockchain; he knows what he's doing and rarely does things without meaning. As long as you remember how crazy the on-chain sentiment was after neiro went on Binance (neiro did not have Vitalik's strong endorsement), you can understand how insane the rise of Ethereum was. And if moodeng goes to some major exchanges, then when the funds flow to the chain, I can't imagine how crazy it will be at that time.
#Moodeng on ETH
#MOODENGETH