Sharplink Gaming (SBET) CEO Joseph Chalom stated at the Hong Kong Web3 Festival, "Ethereum (ETH) is currently undergoing a price correction, but in the long term, it is a very favorable entry point." According to Foresight News, he mentioned, "Over the past 8 years, I have experienced 5-6 major cycles in the cryptocurrency industry, and after every bear market, higher highs have been formed. Due to the nature of Digital Asset Treasury (DAT) companies, when ETH rises, SBET's stock price also rises, and even during declines, profits can be maintained through staking." He added, "However, currently, the correlation between cryptocurrencies and US tech stocks has increased, making it difficult to prove independent value, and the inadequate ecosystem security standards are a concern."
