Today’s key market trends are:
1. The macro environment remains unchanged, and altcoins are making a comeback: As the MEME sector pulls back, altcoins seize the opportunity to usher in a wave of complementary gains.
2. There is now a market called the CB market. New currencies on CB are performing well. Currencies such as $XRP, $ADA, and $XLM have experienced significant gains due to the resignation of the SEC chairman, but domestic sentiment is sluggish. It is recommended to pay attention to these coins when the market retreats, and it is not advisable to chase higher.
3. Some MEME rebounded over the weekend, such as $chillguy and $fred. As the core driving force of this bull market, MEME’s consensus focus deserves the most attention.
4. BSC chain MEME, such as $Cheems, $Why, $Cat, etc., has a good growth trend. If Binance launches the BSC chain MEME, it may attract Sol chain fund transfers and is worth planning.
5. Musk pushed up $Would, $Daw and other MEME over the weekend, but lacked narrative support. This kind of currency is easy to pull back after a rapid rise, so the operation needs to be fast in and out.
6. The recovery of established counterfeits and gaming currencies: Gaming sector currencies such as $Sand and $Mana have risen sharply, but they lack a new narrative. It is recommended to be cautious in pursuing higher prices.
7. Changes in market structure: currency selection strategy
Mainstream institutions dominate the market. For long-term holdings, you should focus on leading projects, choose assets favored by mainstream institutions, and avoid being emotional.
8. X platform enters the payment field
Musk confirmed that the X platform will launch a remittance function, which will benefit $DOGE in the long term. It may be just a matter of time before it breaks through $1.
