Market Overview on December 20, 2024

1. Market Trends

Market Overview: Bitcoin has significantly dropped, with the monthly chart showing an upward spike, indicating that the bull market is entering its second half.

Altcoin Performance: Altcoins have generally plummeted, with MEME tokens leading the decline.

U.S. Stocks and Dollar: The U.S. stock market is down, and the dollar index monthly chart has broken upward. The Federal Reserve's stance is hawkish, and it is expected that the number of rate cuts next year will decrease significantly.

2. Market Highlights

Stablecoin Surges:

Recently, the stablecoin USUAL has surged significantly.

USUAL has reached a partnership with another entity, combining mining contract rates with U.S. Treasury yields, creating a positive Ponzi cycle for the coin price by subsidizing the APY yield.

Platform Coin BGB Rises Strongly:

Platform coin BGB has shown strong performance in the market, with a market cap nearing $9 billion, approaching OKB's $10 billion market cap.

On-chain AI Tokens Surge:

The two major on-chain AI tokens, Fartcoin and ARC, have surged significantly.

Fartcoin has appeared on U.S. television, with a market cap exceeding $1 billion, becoming the only winning AI MEME.

ARC plans to collaborate with the SOL Foundation to create an AI platform for Rust and aims to establish a trading launch platform similar to Virtual, which once reached a $3 billion market cap.

On-chain MEME Token UFD Rapidly Rises:

$UFD, as a representative of satirical culture, is referred to as the old man coin, reaching a market cap of $300 million in just two days.

The primary role of MEME tokens lies in satire, embodying popular artistic forms such as fart, urine, and the beloved themes of cats, dogs, and frogs, becoming the most vibrant art MEME.