🌐Cryptocurrency Market Overview
✔️The current market situation is quite complex.
A rebound has occurred, albeit not in the typical fashion the market is accustomed to; the correction was aggressively bought, resulting in some notable changes:
✔️- ETH experienced its most significant correction since January 24.
✔️- Despite expectations, BTC dominance did not see a significant decline.
✔️- Memecoins, which have been the strongest performers over the past month, are now experiencing the sharpest declines. However, this falls within the realm of the high volatility associated with memecoins. As I've mentioned in previous reviews, when the market reverses, memecoins tend to decline rapidly.
But let's not rush to dismiss meme coins altogether.
Things may not be as dire as they appear; liquidity constantly shifts between different coins. Recently, MYRO had its moment, and now the newcomer BOME (Book of Meme) has surged over 35,000% in just two days—and yes, the zeros are correct.
✔️- The AI sector is the second-fastest-growing sector in the past month, and the depth of its correction is cause for concern.
✔️- SOL stands out as the hottest Layer-1 protocol, with other secondary Layer-1s (APTOS, SEI, SUI) also posting significant morning gains.
