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The Ethereum Layer 2 market is expected to reach a base case valuation of $1 trillion by 2030, according to investment firm VanEck.The valuation is based on VanEck’s analysis of transaction costs, developer and user experience, trust assumptions and ecosystem size.However, given the “cutthroat competition,” VanEck analysts remain “generally bearish” on the long-term value prospects for most Layer 2 tokens.
The bitcoin halving may already be priced into the market, according to Coinbase analysts.This is a long-running debate that crops up every time the halving takes place.
BCH and BNB are among the few altcoins in the green now.
Record-long positive Bitcoin futures funding rates signal “strong bullish sentiment” which can often precede price corrections, says on-chain analytics firm CryptoQuant.