2023/12/25

Market Trends:

The market is on a downward trend, with an acceleration in capital turnover. Older coins are catching up, while meme tokens are flying erratically.

US stocks fluctuate. The stock market is closed Monday for Christmas, and there is a 90% expectation of a rate cut in March.

Market Highlights:

Solana (SOL) has grown significantly, becoming one of the top three blockchains by market capitalization. Spot and futures trading volumes for SOL have exceeded those for Bitcoin (BTC). The instant feature of the Zebec protocol allows SOL USDC to be deposited onto debit cards, similar to BUSD.

Polkadot (DOT) tokens like Mosurgonriver (MOVMR), KAMA (GAMA) (GAMA) (GAMA) (GAMR) (GAMR) (GAMR) (GAMR) (GAMR) (GAMR) (Capital is turning to the Polkadot ecosystem previously late, indicating a later stage in the market cycle.

Layer 2 solutions Optimism (OP) and Métis saw major increases. OP releases 80 million USD this week. Métis has allocated funds to establish an ecosystem foundation. Ethereum announced the testnet schedule for the Cancun upgrade.

In the Bitcoin ecosystem, BakerySwap (BAKE) has surged. BAKE announced its next IDO project, Bitland.