Trader Eugene: NFTs may replace altcoins as the best Beta asset during Ethereum pumps.

DailyNews

2025-08-09 17:31:21

ETH-4,16%

Odaily News Trader Eugene stated that the leveraged ETH Beta concept always receives attention when the ETH trend is positive, but most altcoin Beta assets have the flaw of relying on ETH capital inflow. In the current market, where choices are too dispersed, NFTs, priced in ETH, can benefit from the rise without the market needing to dump ETH, which may make them a better Beta target. He believes that as ETH approaches its historical high, the market may be more inclined to speculate on NFTs, a situation that has occurred in 2021. Currently, the only NFT series worth following are Punks and Pudgys.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

LongAndShortSuckers

· 2025-08-09 17:52

Trader Eugene pointed out that while leveraged ETH Beta attracts attention when ETH performs well, most altcoin Beta assets rely on ETH inflows. The current market is fragmented, and NFTs benefit from being priced in ETH without the need to sell ETH, potentially becoming a better Beta target. As ETH approaches historical highs, the market may lean more towards speculating on NFTs, with series of interest including Punks and Pudgys.

View OriginalReply0