GM20240821 Market Analysis
1. Market Trend:
The market has experienced a round of decline, showing the characteristics of following the decline of US stocks, but failed to follow the rise of US stocks. Investors tend to speculate on small-cap and speculative assets. As US stocks fall, the market is waiting for the speech of Federal Reserve Chairman Powell on Friday, looking forward to his further guidance on monetary policy.
2. Market Hotspots:
DOGS on BN:
The battle for traffic between centralized exchanges is becoming more and more fierce. BN particularly supports the TON ecosystem and has recently vigorously promoted Dogs, a meme project launched by the founder of the TON chain. It is reported that a studio used a script to register 3,000 accounts during the airdrop period and received an airdrop worth $200,000. The over-the-counter market value of DOGS is as high as 2.2 billion US dollars, equivalent to the market value of two Not projects, and the airdrop unlocking ratio reached 80%.
TRON assets surge: TRON assets such as
$TRX ,
$SUN ,
$BTTC , $SUNDOG, SUNWUKONG, etc. surged. As a public chain, TRX has an annual revenue of $2.5 billion, which is competitive compared with Ethereum's $3.5 billion. Pump imitations on the TRON chain attract funds to repurchase SUN by means of market manipulation. Among them, SUNDOG, as a meme project, has a market value of $200 million in a week. Old game projects surge: Old game projects such as $Voxel, Loka, Mbox, Alice, etc. have seen significant increases. BN frequently launches contracts for these small currencies, increasing the market's attention to these projects. Summary: The current market volatility is high, and investors are still enthusiastic about speculating on small-cap and meme projects. At the same time, competition among centralized exchanges is also intensifying, and various incentives have been introduced to compete for market share. In this market environment, investors should remain cautious and pay close attention to market dynamics and the development of important events.
Disclaimer: This report is for reference only and does not constitute any investment advice. Investment is risky, and investors should make their own judgments and bear the investment risks.
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