12.31 Cryptocurrency Market Analysis
1) Market Trend: BTC continues to decline. Exchanges see widespread drops in altcoins, while on-chain altcoins are generally rising. Profit opportunities mainly lie on-chain, where early-stage tokens can still be accessed. U.S. stocks continue to fall, with MicroStrategy experiencing a significant drop.
2) Market Highlights:
1. The AI sector, including a16z, zerebro, arc, eliza, griffain, swarms, vapor, etc., is experiencing accelerated growth. ai16z plans to develop an L1 for AI, and eliza became the most popular repository on GitHub in December. Leading projects are stagnant, with funds being diverted to second and third-tier projects.
2. The meme sector, including pnut, chiilguy, goat, etc., is rising. The SOL/ETH exchange rate is strengthening, with some funds flowing from high-positioned AI to lower-positioned memes.
3. BN launches new SOLV; SOLV is a BTC staking protocol and will also create hype on the exchange.
4. On-chain exchanges are launching staking with a 7-day lock-up period and an annualized yield (APY) of 2.5%.
