Eugene "advocate" NFT, this zone's performance will surpass the "ETH Beta" series alts.

BlockBeats news, on August 10th, trader Eugene Ng Ah Sio posted on his personal channel stating, "The so-called 'leveraged ETH Beta' concept will always attract speculators as long as the underlying asset is trending. At different times, the market prefers different names (assets). However, these names all have the same flaw – they do not perform ideally as 'Beta'. The definition of Beta means that whenever the price of the underlying asset fluctuates, the fluctuation of the Beta asset should be greater than that of the underlying (correlation 1). For all other alts, this means that funds need to flow from ETH to the altcoin. This logic was effective in the past when optional assets were limited. But in the current market, faced with a multitude of projects trying to become the 'ETH Beta of choice', people can easily feel confused. However, there is one type of asset that remains relatively low-key, and that is NFT. Their uniqueness lies in the fact that their price is quoted in ETH, so the market does not need to sell ETH to acquire this asset. Even without any speculation on a specific NFT, you can do nothing and simply enjoy the rise of ETH. I suspect this situation will change soon – when ETH approaches its historical high, the market will realize that it is simpler to speculate on NFTs rather than chase after a specific ETH Beta altcoin. This happened in 2021, and I see no reason why it wouldn't return. In my view, there are now only two series worth speculating on: CryptoPunks and Pudgy Penguins. I have never been a successful NFT trader, so whether my guess will come true this time or remain a mere speculation is also quite worth looking forward to."