2024.11.7 Market Macro and News Analysis

The bull market pattern has been confirmed, do not chase the highs, wait for the pullback, Ethereum is starting to counterattack, the altcoin spring has arrived

🔥Market Highlights

1. In DeFi, Cetus and Cow have listed on BN. Cetus is the first Sui ecosystem DEX on BN, and Cow is a DEX aggregator on the ETH chain that resists MEV.

2. In DeFi, UNI, AAVE, LDO, ENA, RAY, RND are surging. Trump has promised to immediately remove the SEC chairman and establish a national strategic reserve for BTC, leading to market expectations of regulatory relaxation. ENA will distribute income to SENA holders. In the long term, ENA is the only one with speculative prospects in this round of DeFi.

3. In AI, GOAT, GRASS, ARKM are surging. ARKM has launched a futures exchange. GRASS surged by 4 times in a week, reaching a market capitalization of 3 billion USD, nearly double the IO market cap.

4. In memes, NEIRO, PNUT, MOODENG, LUCE, JOE are surging. The speculative funds from the leading doge have overflowed to the second leader NEIRO. The LP lock-up period for JOE has been extended to 256 years. On-chain meme growth is significantly greater than that of CEX memes.

5. Political memes like Trump, MAGA, Fight, Harris have generally plummeted after the elections, with good news fully priced in. 90% of Polymarket predicted users are losing money, but the top winner earned 50 million USD. #BTC