Bankless ROLLUP: The Bull Market is On | Ethereum ETF | Near Layer2
Nov 10, 2023
The hosts dive into the surging crypto market, celebrating Bitcoin's rise and discussing the impact of BlackRock's Ether ETF filing. Excitement builds around Ethereum's future, particularly with the NIR protocol as a potential layer two solution. They also address misinformation surrounding crypto and its regulatory challenges, emphasizing the importance of transparency. Plus, insights into the evolving NFT market reveal shifts from OpenSea to innovative platforms, while strategies for navigating the bullish climate encourage patience amidst the excitement.
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Crypto Market Recovery
- Bitcoin and Ether prices are reaching highs not seen since May 2022.
- The market is recovering from FTX, 3AC, and Terra Luna crashes.
Market Cap and Layer 2 Growth
- Total crypto market cap is at $1.45 trillion, rapidly increasing.
- Value locked on layer 2s hit a new high of $12.8 billion.
Illuvium's Epic Launch
- Illuvium (ILV) surged 65% due to its launch on the Epic Games Store.
- This aligns with Epic's stance against app store monopolies.