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Market Dynamics on December 22

Market Dynamics on December 22

Bitget2023/12/22 01:41

I. Macro Trends

1. Market Trend: The market is rising, and the husband chain is pulling up.

2. U.S stocks are on the rise. Economic data strengthens expectations for interest rate cuts, Q3 core commodity prices hit a 3-year low growth rate.

II. Market Hotspots

1. Public chain SOL surged, with its ecosystem RAY, SILLY, WIF, ZERO etc following suit. RAY is DEX; SILLY and WIF are Memes; Zero is an inscription transformation launch platform that launched new products similar to Solana's Auction today. In the past three months SOL has risen by 400%, ETH by 40%.

2. Veteran public chains NEAR, DOT, MOVR and ROSE have caught up in price increases due to lack of new hot spots in the market and rotation of old coins.NEAR begins to talk about DA data usability and AI narrative.

3.Sub-new stock NTRN rose as upgrades improved DeFi liquidity.

4.The tide of inscriptions receded,and the money-making effect of launching new products on-chain declined.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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