October 22nd Crypto Market Overview

1) Market Trend:

- BTC is in a pullback, with altcoins generally declining. Is ETH like the doomsday chariot every time there's a surge?

- US stocks show mixed results, with NVIDIA reaching new highs.

2) Market Highlights:

1. APE in NFT has risen:

- However, the MEME on the APE chain has poor sustainability.

2. Strong rebounds in AI MEME such as GOAT, FARTCOIN, SLOP, GNON:

- GOAT is the leader among them. This new narrative of AI MEME is more attractive than ORDI, mainly due to recognition from both East and West. In the long run, cryptocurrencies are more suitable as currency for silicon-based AI rather than for carbon-based human life.

3. Significant rise in MEME's CAT:

- Smith's Cat is an airdrop project for FLOKI on the BSC chain, with a new contract recently launched on BN. Recently, BN has launched many old MEMEs on the BSC chain.

4. Scroll from L2 is conducting an airdrop:

- The first round's community share is only 5.5%, basically being exploited.