October 21st: Overview of Crypto Market Trends

1) Market trend:

- BTC is trending higher, approaching $70,000, with altcoins broadly rising. Hot money on the chain flows back from the SOL chain to the ETH chain.

- U.S. stocks rose as Trump once again stated that he would significantly lower interest rates if elected.

2) Market hot spots:

1. NFT and DeFi’s old coins APE, DYDX, etc. have risen sharply:

- Pump, an imitation disk of the APE chain (L3 of the ARB chain), was used as a MEME public chain, but the MEME leader CURTIS on the chain soon fell by half.

- DYDX and many other old coins in DeFi, NFT, and public chains also plan to follow suit. The market is similar to the previous chain and inscription. However, the liquidity is in the SOL chain and the ETH chain, and other chains are just a wave of market.

2. Public chain ETH and SOL prices rise:

- The native dogs SPX and others on the ETH chain have fully recovered. Hot money has flowed back from the SOL chain to the ETH chain, and the seesaw effect is significant.

- SOL local dogs GOAT, GNON, etc. plummeted, and MOONSHOT retail investors helped push prices up and down.

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