US Leads Crypto Push as Britain ‘Getting Battered and Bruised,’ Says Animoca Exec

💡 DMK Insight

Developers are still bullish on Coinbase’s layer-2 network, and here’s why that matters: Despite the market’s volatility, the lack of developer frustration signals confidence in the platform’s long-term viability. This is crucial for traders to note, as developer activity often precedes price movements. If developers are actively building, it could indicate a potential uptick in user adoption and transaction volume, which might lead to positive price action for related assets like ETH. Keep an eye on how this sentiment translates into actual usage metrics over the coming weeks. If we see a surge in transactions or new projects launching, it could create upward pressure on prices. On the flip side, if the broader market sentiment shifts negatively, even strong developer interest might not be enough to sustain price levels. Traders should monitor key resistance levels in BTC and ETH, as any breakdown could dampen enthusiasm. Watch for any announcements from Coinbase that could impact developer incentives or network upgrades, as these could be pivotal in shaping market dynamics in the near term.