Daily Overview.
1) Market Trends:
1. The market shows a declining trend with $BTC's dominance plunging, a bullish signal for the start of the altcoin season.
2. U.S. stocks are being corrected. PMI economic data rises to a two-year high, with the first expected rate cut delayed from November to December.
2) Market Hotspots:
1. $ETH, the public chain, is oscillating at high levels. U.S. SEC approved the key document for the ETF, however, a few more months are required for formal approval.
2. $PEOPLE, $PEPE, $MOG, $TURBO, $WAJAK, and $JOE in the meme token sector have experienced large gains. All of these are Ethereum-based memes, and $JOE has risen 30 fold from the bottom.
3. Ethereum-related tokens, such as $ENS, $ETHFI, $MANTA, and $ETC have significantly increased in value. $ETHFI has introduced a credit card service for re-staking.
4. Decentralized stablecoins $TRU and $ONDO are on an uptrend. MetaDrop from the Binance network will be listing $LISTA. $LISTA is a liquidity staking and decentralized stablecoin lending protocol. It's a new project by the original BSC chain's Helio team, which once suffered a serious hacker attack.
This Is Not Financial Advice.