Wang Feng: Ethereum's Rally Is Not Isolated from the Market, Crypto Autumn Poised to Begin

BlockBeats News, August 9 — Wang Feng, founder of Linekong Interactive, stated that Bitcoin and Ethereum market sentiment should not be viewed in isolation. Bitcoin is currently consolidating around $120,000, with limited volatility and no major sell-offs. This provides ample room for Ethereum to continue rising after breaking through $4,000, with a forecasted increase to at least around $5,000. Similarly, Ethereum and the entire crypto market are inseparable; the autumn of cryptocurrencies is expected to begin, with DeFi, RWA, and leading meme coins entering a takeoff phase.

On July 16, Linekong Interactive established the LK Crypto division to centrally manage the company’s mainstream crypto assets and accelerate its Web3 and RWA strategy.