Bitget Market Dynamics on March 8th

I. Macro Trends
Bitcoin is on the rise. As Ethereum's Cancun upgrade approaches, the market begins to hype Solana chain.
U.S. stocks are rising, with Nvidia setting a new record.

II. Market Focus
The public chain Solana has risen sharply, and JUP, RAY, CHAT and others within its ecosystem have also grown significantly. Pantera Capital acquired FTX's Solana for $250 million USD. Rumor has it that the social application CHAT created by the original WeChat team skyrocketed tenfold in a week, reaching a market value of 50 million.
In L1 network, Rune, SEI and FTM all experienced catch-up increases. However, Solana still holds the leading position in L1 network.
In AI sector PHP, MDT,NFP and PALM prices soared.AI investment fever spills over to third- and fourth-tier targets.WLD donated funds to build community ecology environment,hoping that WLD,the leading company,could restart again injecting vitality into AI market situation.
The "MEME" sector continues to adjust downwards.Among them PEPE performed relatively stable,and received support from Musk.The author of PEPE will launch new NFT product PEPE .