Wang Feng: Ethereum's Rise Is Not Isolated in the Market, Cryptocurrency Autumn Is Expected to Begin

BlockBeats News, August 9th: Wang Feng, founder of Blueport Interactive, stated in a post that the market sentiment of Bitcoin and Ethereum should not be viewed in isolation. Bitcoin is currently trading sideways around $120,000, with little volatility and no major sell-off by institutions. This situation provides plenty of room for Ethereum to continue its uptrend after breaking through $4,000, with a forecast to rise to at least around $5,000. Similarly, Ethereum and the entire crypto market have always been interconnected. The cryptocurrency autumn is expected to kick off, with DeFi, RWA, and star meme coins entering a phase of takeoff.

On July 16th, Blueport Interactive established the LK Crypto Division to oversee the management of the company's mainstream crypto assets and accelerate its Web3 and RWA strategies.