GM20241119

1）Market Trends

BTC fluctuates at a high level, with 100k being a strong resistance level. Strong altcoins lead the decline, older coins rebound, and on-chain tokens are wildly fluctuating.

US stocks show mixed results. MicroStrategy continues to buy $4.6 billion worth of BTC. Trump Media Group DJT plans to acquire the digital exchange Bakkt.

2）Market Highlights:

1. Older coins like HBAR, XTZ, POND, etc., are rebounding. The exchanges lack further hot topics for speculation.

2. Previously strong coins like PUNT, ACT, etc., are leading the decline, indicating an upcoming market adjustment.

3. On-chain tokens like URO, RIF, BAN, etc., are surging. URO is a leading project in DeSci, reportedly with good experimental data. BAN is an art project token, newly launched on BN.

4. BTC ecosystem FB surges. FB is the BTC L2 of Unisat, and BN has opened a new mining pool.

5. The stablecoin USUAL has started pre-trading, with a total of 4 billion tokens, pre-trading around 0.5 USD, with a market value of about $2 billion. The leading project in the same track, ENA, has a market value of $8 billion.