Kitty, once the spiritual leader of "Retail Investors vs. Wall Street", posted on social media again after three years, directly pulling up the GME stock in the US stock market. Last night's trading volume ranked second only to Nvidia. The GME token rose by as much as 1908.75% in a single day, and the price soared from US$0.0004914 to US$0.009871.
According to Dexscreener data, the current market value of GME tokens is about $125.7 million, with a 24-hour trading volume of nearly $98.7 million and more than 107,000 transactions. Liquidity reached $4.2 million. Kitty concept MEME coins directly pulled up, including GME, WSB, KITTY, AMC, etc., all of which saw a huge increase.
WLD in the AI sector plummeted. Starting from July, WLD will unlock 4% of its tokens every day. The meme of about 50 million US dollars may continue to ferment. Recently, due to the concept of the US election, tokens such as TRUMP may show a clear upward trend.
Other Meme coins that you can consider buying include TRUMP, BENNI, and Meme tokens related to the US election sector. PEPE, KITTY, and AMC tokens are also still available for purchase!
Since yesterday, I have written my opinion on whether the current market is in the stage of turning from bull to bear. After falling to $61,100 yesterday, the market rebounded and recovered the lost price of $1,000.
At present, the 4-hour price has recovered the $1,000 price point this morning, confirming that the chips in the blue area are relatively strong. At present, the market in the short term of 4 hours is predicted by the triangle wedge, and the long and short kinetic energy of MACD is also shrinking. Next, we need to determine whether the position above $63,000 can be broken through.
If $63,000 is broken, the market trend may continue to rise to $65,200. This position is a liquidity-deficient area in the short term. Large trading volume may push prices up sharply and continue to stabilize at $65,000.
On the contrary, if the price falls below $63,000 due to the pressure of the upward trend line, it is likely to fall below the support level of $60,000. The short-term price range below will fluctuate and follow a subsequent trend at around $58,000.
AltLayer’s Restaking Protocol
reALT is short for re-staked ALT token, an automatically compounding ERC20 staking token that captures the holder’s ALT staking contribution and accumulates the earned compound rewards. reALT tokens are issued to users who stake ALT in the main staking pool.
MACH double staking is a mechanism that allows users to stake ALT tokens together with ETH and LST to protect the MACH (Massive Automated Cryptographic Hash) system. The implementation of this staking mechanism adds more utility to ALT tokens while also borrowing the security of related assets such as ETH and LST.
The MACH system is an overlay network built on top of Ethereum, designed to provide fast pre-confirmation and economic support. Compared to the approximately 12 minutes it takes to complete a transaction on Ethereum, MACH can provide fast pre-confirmation and economic support through re-staking. As an AVS (Automated Verification System) with fast finality, MACH provides several core services to end users on the rollup, including fast pre-confirmation of rollup transactions, cryptoeconomic security, and decentralized verification of rollup status.
The dual staking mechanism stakes ALT tokens together with ETH and LST to provide an additional layer of protection and ensure the security of the MACH system. This mechanism takes advantage of the security of assets such as ETH and LST and combines it with the staking advantages of ALT tokens, providing users with more choices and flexibility.
Xterio MACH double staking is an innovation for Xterio rollup, designed to serve OP Stack rollup customized for games. Xterio is a leading Web3 game publisher and platform with multiple AAA games and a large number of game partners. The Xterio chain will focus on Web3 and AI-driven games, and plans to build an on-chain ecosystem around AAA games. Xterio MACH will serve as an AVS instance of an application-specific rollup setting, verifying the rollup blocks generated by the Xterio chain and serving as its fast final layer.
Here is a trend analysis of ALT that is worth holding in the future!
The price has remained in an upward trend channel for a long time, which shows that the bulls are strong. However, the price has recently begun to approach the upper track of the channel and may face some pressure.
Judging from the shape of the K-line Yin-Yang line, some long upper shadows and sword-shaped Yin-Yang lines have appeared recently, indicating that selling is gradually increasing and the upward momentum may slow down.
There may be a wave of violent consolidation in the short term, and investors need to pay close attention to the defense of the support level. In the medium term, if the support can be effectively maintained, a rebound can still be expected; but if the support is completely broken, the long-term upward channel may be terminated.
