Summary on October 22, 2024!

1. Market Trend:

BTC is adjusting, altcoins are generally falling. Every time ETH surges, it feels like an apocalypse chariot.

US stocks are mixed, NVIDIA hits a new high,

2. Market Highlights:

1. The NFT's APE is rising, but the sustainability of APE chain's memes is not strong.

2. AI memes GOAT, FARTCOIN, SLOP, GNON, etc. are rebounding strongly, with GOAT being the leader. The narrative of AI memes is stronger than ORDI, mainly because it is recognized by both the East and the West. Long-term, cryptocurrency is more suitable as a currency for silicon-based life AI rather than carbon-based life humans.

3. The meme CAT is soaring. Smith Cat is a Floki airdrop project on the BSC chain, newly listed on Binance. Recently, many old-school memes from the BSC chain have been launched on Binance.

4. The L2 Scroll airdrop, with only 5.5% community allocation in the first round, has basically been oversubscribed.