The pancake is more than 2000 away from its new high, and ETH is also more than 2000 away from its new high.
BTC has stabilized at 7, not sure if the inscriptions will launch first, or the meme, or the AI?
1. Market Trends:
BTC has surged past 70k. BTC's dominance has reached a three-year high of 60%, with the OK contract long-short ratio at 0.5. The activity on the Solana chain has decreased over the past week.
The Nasdaq in the U.S. stock market has risen, approaching a new high. Companies related to Trump have surged. Chinese concept stocks have soared, with foreign media reporting that if Trump is elected, China will conduct 11 trillion in fiscal stimulus.
2. Market Highlights:
1. The meme DOGE has surged. The U.S. election will end next week on November 5, with the probability of a Trump victory supported by Musk increasing. DOGE is the meme that Musk has repeatedly favored on Twitter and is one of the few that can outperform BTC recently.
2. Fan tokens like Santos, Lazio, Porto, etc., have surged, with Binance opening a new Santos contract. Recently, most of the coins that have risen on Binance are those with a market cap below 100 million USD.
3. The trading robot Banana has risen. Recently, both Banana and Ray on the Solana chain have benefited from on-chain dog trading. The market trend is that trading volume is shifting from CEX exchanges to on-chain exchanges, logically similar to moving from offline Macau to online, as decentralized listing is more timely and effective.
4. ACH for payments has risen, with Solana chain's SVM releasing its own L1, with ACH as gas. Recently, major applications like UNI have launched their own chains, which isn't very significant.
5. On-chain dog tokens Luce and DOGE have surged. Luce is the cartoon mascot identified by the Vatican Pope for the Holy Year 2025, with a market cap of 2000 Wu. DOGE is a pun on Musk's Department of Government Efficiency on the ETH chain, with a market cap of 6000 Wu.
6. The AI Depin's Grass airdrop has low expectations with a market cap of 800 million USD. Grass is mining AI models using idle bandwidth, located in Canada, with the main team from Southeast Asia. Competitors in the same field have a market cap of 1.3 billion USD.
