November 15, 2024 Crypto Market Dynamics Overview

1) Market Trend

BTC failed to hit 100,000 for the first time and began to pull back. Altcoins generally fell, and coins that performed strongly in the early stage, such as DOGE, NERO, and PNUTS, led the decline.

US stocks fell, and the US dollar index rose to its highest level in a year. Powell suppressed expectations of interest rate cuts, and the probability of a rate cut in December decreased.

2) Market Hotspots:

1. BN launched the launchpool project Usual. Usual is a stablecoin project based on RWA. The assets behind it are short-term US Treasury bonds. However, long-term pledge is required to obtain returns, and its innovation is not as stable as ENA. The founder of Usual is French, and the main investor is iOS.

2. AI meme-type ACT, GOAT, etc. rose, and zoo-type moodeng, cat, etc. rose. Funds change in turn in meme, but every time it is BOME's turn to make up for the rise, the market will adjust. BOME is similar to the doomsday chariot.

3. The sentiment of the local dog on the chain may have reached a stage peak. Value coins such as ltc, iotx, and io have transformed into memes, and institutions such as animoca have also participated in issuing memes.

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