Market Dynamics
The price of Bitcoin (BTC) is declining, and the altcoin market is generally following suit, with funds rotating into relatively weaker sectors. The U.S. stock market is experiencing a strong upward trend, while gold prices have significantly dropped. Notably, there has been phased progress in U.S.-China trade talks, leading to changes in market expectations for a Federal Reserve interest rate cut. Investors are lowering their rate cut bets, with Goldman Sachs' latest forecast indicating that the first rate cut by the Federal Reserve this year will be pushed from July to December.
Market Focus
① The previously underperforming TON ecosystem, BSC ecosystem, and Polkadot ecosystem have started a rebound, and market risks have increased.
② In the platform token sector, Launchcoin and Dupe have shown impressive gains. Among them, Launchcoin, as an AI-related launch platform, has received incubation support from Alliance DAO; Dupe is positioned as an e-commerce platform. At the same time, Meme projects on the Solana chain are showing a trend of evolving from pure speculation to actual application development.
③ In the Meme coin market, Ikun coin's popularity has surged. This token, themed around Cai Xukun and launched on the Bonk platform, has now attracted the attention of the well-known investor Bonkguy.
④ Bn alpha is about to conduct token airdrops for RDAC, NXPC, and others, and will launch a points consumption mechanism starting from May 13.
