Cryptocurrency Market Analysis
1) Market
BTC is down, altcoins are broadly down. After the on-chain low-quality coins surged, they are starting to adjust.
U.S. stocks are up, led by technology and AI.
2) Market Hotspots:
1. The launch platform LaunchCoin surged, reaching a market cap of 300 million USD. The stable Dragon One (PvE) and the fluctuating Dragon Two (PvP). Most of the meme coins launched above are quick turnover coins, turning into cannon fodder for the platform coins. The logic is similar to Virtual and the many small coins above.
2. Chain game NXPC is launching its coin today, with a pre-market cap of 700 million USD and high market enthusiasm. It is an official chain modification of the game MapleStory, featuring different professions fighting monsters, and it has a large IP with 200 million fans. The total amount is 1 billion coins, with official investment of 100 million USD and no VC, making it easy to control the supply in the short term.
3. Meme leader Moodeng and others plummeted; the leaders often serve as market barometers, indicating that smart money is exiting.
