Encryption KOL 0xsun posted a bullish comment on EIGEN, believing that there is significant room for a rebound in the staking sector.

On September 9, Smart Money and crypto KOL 0xsun.sol (@0xSunNFT) posted that, "Previously mentioned, at the end of August, we observed that the leading effect of ETH was weakening. In the medium to long term, I still have a positive outlook on ETH, but it seems to lack momentum recently. After some consideration, I gradually shifted 30% of my ETH long order position to several altcoins, all of which I believe have very good fundamentals and align with the current mainstream narrative, to enrich the long positions portfolio. I chose XPL, Hype, ENA, Eigen, Bonk, and Ondo, which I am still observing. In the past two months' rising market driven by ETH, it can be observed that among the strong coins, there are many ETH-related altcoins, which makes a lot of sense. The ETH-related altcoins can be divided into several categories, mainly related to L2, DeFi, and Restaking. The high-quality targets in the first two categories have already risen a lot, relatively speaking, there is still a significant room for catching up in the restaking track. The leader in ETH restaking is undoubtedly Eigen. The launch of EigenCloud has made Eigen not only the number one restaking protocol and the fastest DA protocol, but also the first verifiable cloud system, capable of completing on-chain or off-chain tasks. This is also the direction they will focus on developing in the future. Additionally, A16Z led the B round last year and further invested $70 million in June this year, and ETHZilla chose to restake $100 million worth of ETH, which is favourable for the entire ecosystem."

EIGEN-1.87%
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