【Market Analysis on November 15 - MEME Market】

Don't pay too much attention to Powell's hawkish remarks during the correction. His speech last night put pressure on the US stock market, the three major indexes fell, and Bitcoin pulled back reasonably. There are market rumors that there may be no interest rate cut in December. Will there be a bear market? Let's take a look.

Market Overview

Both institutions and retail investors are active in this wave of market. Wall Street institutions buy hundreds of millions of dollars of Bitcoin every day, pushing it to a new high of nearly $100,000.

Retail investors are speculating on MEME coins, and they are often cut by institutions in the altcoin market, so it is better to try in the MEME market.

Under the influence of Musk and Trump, the market value of coins such as SHIB and BTC exceeded 10 billion US dollars. Binance successfully laid out ACT and $PNUT, and listing on Binance became a new starting point. Their short-term gains have attracted much attention.

Market characteristics

This wave of market changes the thinking of retail investors. Many people think that it is better to invest in MEME coins than to hold loss-making altcoins.

MEME coins have performed amazingly, and the market value of many MEME coins exceeds that of traditional altcoin leaders. This shocked the institutions. The venture capital in the crypto industry in Q3 was only $1.7 billion, and a successful MEME coin project can significantly increase its market value in a few days.

Future Trends

The current MEME coin craze has made the SOL chain surpass ETH to a certain extent. The sell-off when the ETH foundation rose sharply triggered discussions. Many people believe that SOL will become a new mainstream platform, especially driven by the MEME market, SOL's performance is more prominent.

With the emergence of more super MEME coins, the wealth effect and heat are superimposed, and MEME coins are expected to become one of the main themes of this round of bull market. Driven by SOL, the heat will continue to rise.

In short, this wave of MEME coin craze is similar to the DeFi wave in the past bull market. It may run through the bull market cycle and become the dominant force in the market. If you want to dig deep in the currency circle, but can't find a clue, and want to quickly understand the information gap, whether it is a contract or spot, you can 👉 Learn more in my profile #美国零售销售数据即将公布 #市场回调，观望还是上车？