5.23 Morning Market Share:
Recently, Bitcoin has risen strongly, but altcoins have performed mediocrely!
The core reason may be that Ethereum has not yet started a new round of market. Past experience shows that Ethereum's main force usually completes two steps before pulling the market:
One is to absorb funds at a low level,
The second is to wash leverage through plugging pins.
For example, when it started on April 22, the main force quickly pulled up after absorbing funds through plugging pins, showing obvious signs of manipulation. At that time, those who kept up with the pace made a lot of money.
At present, ETH spot chips are relatively sufficient. The key to the follow-up is whether to open contract positions. If there are such signs, it may trigger a wave of compensatory gains. At this stage, holding coins and waiting may be the best strategy.
🔥Hotspot Summary:
1. Contract platform Hype exploded: the market value exceeded 33 billion US dollars and ranked among the top ten, the contract position reached a new high, and the average daily repurchase scale reached 5 million US dollars. The chips are concentrated and favored by giant whales. In the future, it is expected to challenge half of the BN market value (about 50 billion).
2. Meme sector rotation: Fartcoin, Moodeng, and Labubu rose strongly. Moodeng landed on Robinhood, and Labubu doubled from zero to a new high. Backed by Pop Mart IP, the trend is similar to Chillguy.
3. WLFI ecological expectations are rising: $B (meme coin of USD1) and Lista (WLFI cooperation project) are strengthening. The market speculates that WLFI will issue coins at the peak of the bull market in October, and is expected to quickly benchmark BN.
4. AI track heats up: $WLD and Cookie rose together, WLD received a $130 million investment from a16z Fund; Cookie is positioned as an information service platform, targeting Kaito, and the market value is still far lower.
5. Sui ecology suffered a setback: The theft of DEX platform Cetus caused the collective dive of SUI chain meme coins. ETH chain has also been frequently used for fund washing recently.
6. Huma Finance is launched on Launchpool: Positioning Web3 version of P2P lending, focusing on RWA and PayFi business, and obtaining BN platform resources.