November 22, 2024 Cryptocurrency Market Analysis

I. Market Trends

BTC surged close to 100,000. Altcoins followed ETH's rebound, with this round of altcoins generally underperforming BTC by about 60%. The SEC chairman will resign at the end of January.

U.S. stocks rose, while MicroStrategy was shorted and plummeted.

II. Market Highlights:

1. Public chain ETH is catching up, with ecosystems OP, SCR, ETHFI, ANON, and others rising alongside. BTC's second and third leading coins, ETH and BCH, have also recently rebounded, with funds starting to overflow. ANON is a social protocol on the Base chain, which surged 5 times in one day.

2. Public chain SOL surged to a new high, with ecosystems JTO, RAY, and others following suit. The SOL ETF application has made progress. The public chain competitor SUI was paralyzed for 2 hours yesterday.

3. Platform token FTT surged, as the FTX exchange will repay debts at the beginning of 2025.

4. On-chain tokens ZEREBRO, BULLY, and PROJECT89 surged. All three are AI-related; ZEREBRO is an AI NFT with a market capitalization of 400 million dollars; BULLY is an AI training generator for characters, receiving funding from ACT; PROJECT89 is an AI-enhanced virtual reality game. #ETH市场新动向