Bitcoin plummets, AI tokens rise against the trend!
Market Dynamics Summary
1. Market Trend Analysis
Bitcoin has experienced a significant drop, and altcoins have also generally declined. The US stock market has faced severe sell-offs, entering a weekly adjustment phase, while the yield on 10-year US Treasuries has risen to its highest level in twenty years. Given that US economic indicators show strong momentum, the market expects no interest rate cuts before July.
2. Market Focus Overview
Exchange AI Field: Specific AI-related projects like ai and act show an upward price trend. It is worth noting that act has transformed into a framework platform.
On-chain AI Project Performance: Overall, on-chain AI projects are under downward pressure. Nevertheless, bn has launched new contracts including swarms, cookie, and alch, but spot trading has not yet been opened. The max token has seen significant growth, originating from the former Orai team, focusing on the development of AI agent launch platforms on the Solana blockchain.
Public Chain Sonic Progress: Sonic, as an EVM-compatible chain within the Solana ecosystem, reached a market value of $2.5 billion after a successful listing on U. Additionally, Sonic has partnered with TikTok to launch a point-earning game feature.
Stable Usual Situation: Usual stablecoin has experienced a significant reduction in value and has been issuing tokens at a rate of 0.7% daily recently.
