Cryptocurrency Market Dynamics: Intensifying Sector Rotation and Hotspot Tracking

I. Overall Market Trend The price pullback of Bitcoin (BTC) has led to a broad decline in altcoins, and the market has entered a stage of weak sector recovery. On the macro level, the US-China trade negotiations have made some progress, combined with a rise in US stocks and pressure on gold prices, leading to a significant cooling of investor expectations for a Federal Reserve interest rate cut.

Goldman Sachs' latest analysis indicates that the timing for the first interest rate cut in 2024 may be delayed from July to December, further affecting market capital flow.

II. Hotspot Sector Analysis Risks of Recovery in Edge Ecosystems: The Telegram Open Network (TON), Binance Smart Chain (BSC), and Polkadot ecosystems have shown a lagging recovery trend, and caution is needed regarding the risk of a pullback at the end of sector rotation. Rise of platform tokens and application-based projects: AI concept launch platform Launchcoin (incubated by Alliance DAO) and e-commerce attribute token Dupe lead the way, while meme projects on the Solana chain accelerate their transformation towards practicality, highlighting a trend of value realization.

Meme Hotspot Tracking: The Ikun Meme coin themed around Cai Xukun within the Bonk ecosystem has attracted attention from large holder Bonkguy, leading to intensified short-term volatility.

Airdrop Expectations Driving: The BN Alpha platform will launch a point consumption mechanism on May 13 and plans to airdrop tokens such as RDAC and NXPC, prompting early market positioning.