Market Overview on August 19, 2024
1. Market Trends:
BTC maintained a sideways consolidation, while some demon coins saw a sharp rise. The US stock market was volatile, and investors were waiting for speeches at the global central bank annual meeting for further market guidance.
2. Market Hotspots:
Performance of old currencies: DAR, TLM, RARE, SYN and other market makers rose sharply.
The increase in RARE and SYN was mainly driven by the newly opened contract of BN, and the market makers squeezed out.
RARE's transaction volume even exceeded ETH, and the short-selling fee rate was once as high as -1500% annualized.
Public chain ecology: public chain tokens rose, but related ecological projects did not rise synchronously. Fund flows are mainly concentrated on BN and OK platforms.
BN series tokens: LISTA, BB and other tokens rose, and the market expected CZ to be released from prison at the end of September, and hyped related assets in advance.
TRON Chain: Meme token Sundog rose sharply, with a market value of 80 million. Sun Ge controls the operation, but usually Sun Ge's operation enters the market late, which may be a second-half strategy.
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