Bitcoin plummets, AI tokens rise against the market!
Market Dynamics Summary
1. Market Trend Analysis
Bitcoin experiences a significant drop, and altcoins generally decline. The US stock market has faced severe sell-offs, entering a weekly adjustment phase, while the yield on 10-year US Treasury bonds has risen to its highest level in twenty years. Given that US economic indicators show strong momentum, the market expects no interest rate cuts before July.
2. Market Focus Overview
Exchange AI Sector: The prices of specific AI-related projects like ai and act are showing an upward trend. Notably, act has transformed into a framework platform.
On-chain AI Project Performance: Overall, on-chain AI projects are facing downward pressure. Nevertheless, bn has launched new contracts including swarms, cookie, and alch, but spot trading is not yet open. The max token has seen significant growth, originating from the former Orai team, focusing on the development of an AI agent launch platform on the Solana blockchain.
Public Chain Sonic Progress: Sonic, as an EVM-compatible chain in the Solana ecosystem, reached a market value of $2.5 billion after a successful listing on U. Additionally, Sonic has collaborated with TikTok to launch a point-earning game feature.
Stable Usual Situation: Usual stablecoin has experienced a significant decrease in value and has recently been issuing tokens at a rate of 0.7% daily.
