#DOGE# Under the background of the Fed starting a rate-cutting cycle, the cryptocurrency market is迎来 a new round of liquidity release. The drop in interest rates not only lowers the overall capital cost but also weakens the attractiveness of dollar assets. Historical experience shows that this macro environment often drives the prices of risk assets to rise. The saying circulating in the market, "the deeper you squat, the higher you fly," is a precise description of this liquidity-driven market. The current short-term market adjustment may actually provide investors with an ideal layout opportunity.

Regarding Ethereum, the prediction of reaching $8,500 by the end of the year is gaining more and more real support. Although Standard Chartered Bank has given a relatively conservative expectation of $7,500, the continuous accumulation by institutions is creating a supply tightening effect, which may provide stronger upward momentum. Data shows that by 2025, corporate treasuries and ETFs have accumulated nearly 5% of circulating Ethereum, and this trend is still ongoing. If Bitcoin breaks through $150,000, based on Ethereum's historical peak market cap ratio of nearly 20%, the target price of $8,500 is reasonable. In addition, the cost optimization brought by the Pectra technology upgrade and the improvement of the regulatory environment for stablecoins lay a more solid foundation for Ethereum's long-term growth.
On the other hand, the meme coin category represented by "puppy coins" largely relies on the extreme overflow of market sentiment for its thousand-fold return potential. A rate drop environment indeed boosts investors' risk appetite, and some funds may flow into the altcoin market, but a true breakout still requires multiple catalytic factors such as deflationary mechanisms and strong community enthusiasm. It is worth noting that these tokens generally lack solid fundamental support, and the current market shows a clear differentiation, with smaller tokens being more susceptible to market volatility, facing a high risk of severe corrections after experiencing explosive growth.
Overall, although the interest rate cut cycle has opened up broader pump space for the crypto market, Ethereum, relying on its ecosystem advantages and institutional fund drive, demonstrates stronger certainty and investment value. In contrast, the meme coin market is more of a high-risk speculative field, and investors need to remain vigilant about the risks brought by sudden liquidity withdrawal. $ETH $BNB $DOGE #山寨币战略储备# #狗狗币ETF进展#