Interpretation of cryptocurrency market on February 9th 2023

Last night US stocks saw a decline, and crypto also returned to its current sideways range again. The varieties related to Shanghai upgrade are obviously strong pledge leader LDO has set a new record high.

The direct beneficiary tokens of Shanghai Upgrade are naturally ETH and the pledge track. The Institute introduced the benefits of pledging through Lido at the beginning of Lido's coin offering five months ago. After Shanghai Upgrade boosted pledge confidence, the advantages of a low threshold and no verification will naturally amplify.

If you have not laid out LDO tokens before, you can also get a similar profit margin if you choose to leverage long ETH directly in the contract. From last night's adjustment, the bottom of ETH is constantly raised, as is the vital feature.

If it is said that the market has been ahead of the price of the species to chase high risk, then we can look at the future of the good. In addition to macro and EIP4844, this upgrade will be directly beneficial to layer2. The focus is naturally OP, such as leading tokens. Currently, the funds are in rotating positions because of the Shanghai upgrade. The Shanghai upgrade is not related to the OP in last night's adjustment directly down through the recent shock low, which is relatively weak. In contrast, adjusting the advance layout behind the good is also a good choice.