Market trend
The decline of BTC is smaller than that of US stocks, and the overall trend is weaker. Although altcoins generally declined, small currencies on the chain performed actively
U.S. stocks have shown a volatile upward trend, especially Nvidia, which has led to a strong rebound in technology stocks. In addition, the Bank of Japan plans to raise interest rates in December.
Market hot spots
1. Platform currency: BNB rises. BN’s latest Launchpool project is Scroll, which has an off-market market value of between US$1 billion and US$1.5 billion.
Scroll is a second-layer Ethereum solution developed by a Chinese team and uses zk EVM technology, although the user experience can still be improved.
Scroll’s airdrop snapshot date is set for October 19th, and there are currently 10 days left to participate.
2. Meme currency: Neiro, Turbo, Babydoge and other currencies performed strongly, especially Neiro, as the leading currency, which rose significantly.
3. Small currencies on the chain: Mooden (SOL), SPX, Harry Potter Bitcoin, Giga and other currencies rose sharply, with the latter all hitting new highs.
Mooden's performance on the SOL chain gradually recovered and regained its leading position.
Meme coins are gradually being mined. SPX and Harry Potter Bitcoin are both old Memes with a cultural background. SPX has obvious signs of changing dealers. Overall, Meme coins tend to have greater upside potential when they are not listed on futures exchanges.
