20240510【Navigator Newsletter】
1) The general trend:
Bitcoin rebounded, and altcoins generally rose. At the same time, the US stock market also showed an upward trend, and unemployment data strengthened the market's expectations for interest rate cuts.
2) Market focus at a glance:
- Binance is about to launch notcoin. This gaming meme coin based on the ton ecosystem has attracted 30 million users through the "click to mine" method and has 5 million daily active users. Notcoin is fully circulated as soon as it goes online, and the market expects the market value to reach US$1 billion, while the theoretical market value is expected to be between US$200 million and US$1.5 billion.
- The value of AI concept coins arkm, lpt, ar, rndr, akt, turbo, etc. has soared. AI and meme coins are still the main theme of this round of the market.
- The prices of Trump-themed meme coins doland, tremp, maga, etc. have skyrocketed. Trump's announcement of support for cryptocurrencies has added fuel to this wave of enthusiasm.
The above is today's market dynamics, concise and clear, I hope it will be helpful to you.
