9.19 Cryptocurrency Market Analysis
(1) Market Trends:
The market rebounded strongly and liquidity improved. US stocks fell after rising. The Federal Reserve announced a sharp interest rate cut of 50 basis points, and the market expects two more 25 basis point interest rate cuts this year.
(2) Market Hotspots:
1. Public chain projects such as SUI, FTM, Saga, and SEI performed outstandingly. BLUB in the SUI ecosystem rose sharply, with a market value of 30 million. BLUB is a meme token in the SUI ecosystem, similar to Pepe, and has risen by 100 times this month.
2. BN's new coin NEIRO rose, and the market maker's control was stable, with a greater increase than the decline.
3. POW's KDA rose, and new related contracts were opened on BN.
4. The on-chain meme token MOODENG rose sharply. MOODENG is Thailand's "Hippo Baby", which rose by 100 times in a week and reached a market value of 30 million. Small-cap meme tokens on BN are activating the on-chain market.
