20240801【Market Brief】

Overview of the market trend

Bitcoin (BTC): After a decline, the altcoin market generally fell.

U.S. stock market: Higher, Fed Chairman Powell's remarks suggest a possible rate cut in September.

Market hot spot analysis

Game sector rebounds:

Projects in the game sector such as BeamX (BEAMX), Ace (ACE), and Saga (SAGA) rebounded after stagflation.

This shows that the market lacks strong hot spots and investors are looking for new growth points.

PoW public chain Kaspa (KAS) performed strongly:

KAS prices rose and hit new highs.

Market rumors that KAS will be listed on Binance Exchange, although only contracts were listed before.

This move may have stimulated the price increase of KAS.

Dogcoin Neiro (NEIRO) surged:

NEIRO soared hundreds of times in a week, with a market value of US$200 million.

Judging from the performance of Fight and Neiro, high-growth "Golden Dogs" are more likely to be born on the Ethereum chain, while Solana chain is mostly PvP (Player versus Player) type projects.

Summary

Today's market trend shows that Bitcoin and altcoins generally fell, while US stocks rose. In terms of market hotspots, projects in the gaming sector rebounded after stagflation, which may be a reflection of the lack of clear hotspots in the market. The price of PoW public chain Kaspa rose and hit a new high. The market rumored that it would be listed on Binance Exchange, and this news may have a positive impact on its price. In addition, the dog coin Neiro has achieved huge growth in a short period of time, showing the activity of the dog coin market. It is worth noting that high-growth projects seem to be more likely to appear on the Ethereum chain. Overall, investors should remain cautious and pay close attention to market dynamics in order to seize investment opportunities. #美国政府转移BTC #超级央行周 #比特币大会 #Babylon主网将上线 #美联储何时降息？ $BTC $ETH $BNB