🚨 Latest Market Update - September 18, 2024 🚨
The crypto market is seeing mixed trends, and it's crucial to stay informed!
🔻 Bitcoin (BTC) has been on a downward trend due to ongoing macroeconomic pressures and geopolitical concerns, with BTC ETFs seeing major outflows. This means the bulls are currently taking a break, and the bears have a stronger grip on the market.
📉 Ethereum (ETH) is also underperforming, with a 24.9% drop, low gas fees, and reduced on-chain activity causing significant concern for ETH holders.
💥 Memecoins are still making waves! TRON (TRX) is outperforming with a 19.5% gain in August, and its DEX trading volumes have skyrocketed by 245.2%. Keep an eye on memecoins for potential opportunities.
📉 DeFi sector: Overall, the DeFi space saw a 15.8% decline in Total Value Locked (TVL). However, some chains like Sui are thriving with a 35.6% increase in TVL, showing strong interest in native DeFi applications.
🎮 NFTs: Despite a market-wide decline, collections like CryptoPunks are standing strong. Meanwhile, gaming NFTs like Guild of Guardians are seeing impressive surges, defying the market trend.
👑 Stay sharp and informed with King of Binance for the latest updates and potential trading opportunities amidst this market volatility!
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