Market Dynamics on December 21: BTC Rises on Daily Chart Level
I. Macro Trends
1. Market Trend: BTC has started to rise on a daily level, likely reaching 48000. Old coins are catching up, while "Shitcoins" are flying chaotically with capital diversion.
2. U.S stocks plummeted. The market is waiting for the U.S GDP data.
II. Market Hotspots
1. Veteran chains SOL, AVAX, NEAR have surged significantly. SolanaMeme coins SILLY and WIF have also multiplied in value several times over. SILLY is a joke from Solana's founder and WIF represents a dog wearing a hat.
2.BTC ecosystem's BAKE, LEVER, STX, RIF, ALEX have surged significantly as well . Old coins like BAKEe and LEVER have transitioned into the BTC ecosystem; BAKE has launched IDO for 1Cat game recently.STX has recently introduced DeFi of BTC stablecoin.
3.Depin's IOTX caught up in price increase.IOTX is Depin public chain project from 2018 that has been focusing on inscriptions lately.However,the leading coin of Depin MOBILE fell.MOBILE now recovers its cost in mining within two days,and it is currently clearing out arbitrage studios.
4.Stocks TRB and INJ controlled by major shareholders soared.TRB exploded large contract holders.
5.Solana inscription ZERO skyrocketed.Zero transformed into launch platform.
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.
You may also like
Analyst: If DOGE breaks through the resistance level of $0.169, it could rise to $0.209
Overview of Important Developments on November 2nd at Noon
MicroStrategy wallet transferred 1,652 BTC to a new wallet 6 hours ago
21Shares submits XRP ETF application to the US SEC