A look at the dynamics of the crypto market on November 18, 2024!

1) Market trend

BTC enters adjustment mode, and old coins usher in a rebound. The chain continues to hype memes with VC backgrounds.

US stocks fell sharply. The US dollar index rose strongly. The market expects that the interest rate cut will be suspended for a period of time after the December rate cut, and the number of interest rate cuts in 25 years will be greatly reduced to 2 times.

2) Market hot spots:

1. The public chain SOL and SUI rose sharply, and RAY, DRIFT and other SOL ecosystems also rose accordingly. The exchange rate between SOL and ETH hit a new high. SOL is similar to ETH for DeFi in the last round. It is a chip for entering the market.

2. The prices of meme-like punt, bonk, and banana rose. Musk mentioned squirrels, pepe and banana again on Twitter. In essence, punt and doge rise and fall synchronously in the long run. Bonk plans to destroy 1 trillion tokens in December.

3. RWA's OM has risen sharply, with an increase of 250 times in the past year, and its trend is similar to that of a market maker.

4. Old coins such as XRP, Luna, and Atom have seen a rebound. This indicates that the market is lacking in hot spots and there is a high probability that adjustments will be made.

5. On-chain native dogs such as RIF, URO, SCI, and Vita have risen sharply. RIF and URO are the two official medical memes of Desci's pump.science, which are engaged in the research of elixirs. Desci is based on the subsequent hype of BN's investment in Bio. Its logic is similar to that of A16Z's investment in AI meme's GOAT and ACT, which is worth long-term observation.

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