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January 29 Market Dynamics

January 29 Market Dynamics

Bitget2024/01/29 03:51

I. Macro Trends

1. Market Trend: The market rebounded over the weekend, forming a right shoulder. Sub-new stocks took the lead.

2. U.S stock market fluctuated, with Trump temporarily leading in election polls.

II. Market Focus

1. MANTA and ALT are on the rise. Both MANTA and ALT are new currencies launched on Bitget, with excellent short-term chip structures conducive to speculation. Modularization and re-pledging have become the theme of this round of ETH ecology.

2.The AI computing power of TAO and NOS is increasing.TAO proposes to split sub-currencies, issuing sub-currencies in each subnet.NOS is decentralized computing power on Solana chain that has grown 100 times in the past year.

3.RON game value increases.RON was originally Axie's public chain for games.Recently through Pixels game it reached 700k daily active users,and there are rumors about its upcoming listing on Bn exchange.
   
4.WEN's empty meme greatly appreciated, reaching a market value of $150 million.WEN is a Meme currency released by Jupiter from Solana ecosystem,and adopted new token standards.

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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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