Market Overview on December 27, 2024

1. Market Trends

$BTC Performance: Bitcoin has significantly dropped, and altcoins generally follow suit, almost erasing all gains made in December.

U.S. Stock Dynamics: The U.S. stock market is experiencing fluctuations. Currency market predictions indicate a high probability of the Federal Reserve lowering interest rates by 38 basis points next year, with a 50% chance of a second rate cut of 25 basis points.

2. Market Hotspots

Platform Token Dynamics

BGB and FTT Surge: After the merger of BGB and wallet BWB, its market capitalization successfully entered the top 20.

FTX's compensation plan will be implemented in January. However, it is worth noting that historically, the surge of platform tokens is often followed by a substantial market drop.

BN New Coin Rebound

BN New Coin Performance: The BN series of new coins has rebounded, including ME, VANA, THE, VELO, MOVE, PENGUIN, etc. Before the launch of a new round of Launchpool, the market usually heats up by boosting previously released new coins.

On-chain Project Highlights

MIRA Soars: The on-chain project MIRA has surged significantly; the project has received promotion from $BIO and AI16Z. MIRA is hailed as the Chinese version of Shuidichou, aimed at helping ill entrepreneurs raise treatment funds.

$ETH Hippo on the Chain Surges: The Hippo project on the ETH chain has also seen a significant rise, with the Thai hippo even receiving “adoption” from Vitalik Buterin.

$MEME Project Explosion: The WOULD project within the MEME category has surged 100 times in the past two months and was previously mentioned by Elon Musk.