The reasons for the BTC plunge are as follows:
First, the Federal Reserve may raise interest rates;
Second, there is a large outflow of funds, which is close to 200 million US dollars this week;
Third, Bao said that the interest rate cut this year may not exceed 25 basis points. Professionals analyzed that if deflation subsides, there may be 2-3 interest rate cuts, which will bring a huge impact on the crypto market.
The outflow of BTC funds is scattered in various sectors. The most worthwhile ambush is the chain game at present, among which XAI is the leader. XAI is an Ethereum 3-layer expansion network, deeply involved in the game field. Yesterday, it ushered in a major update and launched the Pioneer Genesis event on GALXE. There are many games and tasks, and the project background is strong. After the update, it will become the chain game leader and the wed3 game platform with the most partners. It is a major milestone for chain games and will promote development. This event is different from the past. It is expected to bring 105,000 users and a great community, and members will have airdrop rewards.
XAI has a promising future. Although the process is tortuous, it will become the backbone of the wed3 game. The market value and coin price are low and worth investing.
