Market trend
BTC continues to adjust, while altcoins experience a general rise, followed by a pullback. Many altcoins fluctuate rapidly; profits were not taken out and have returned to the starting point.
Ethereum has risen for two consecutive weeks and needs a pullback to wash out the bulls. There’s no rush to buy; wait for two days, and you can buy in the range of 3500-3300.
U.S. stocks have hit new highs, and gold has surged.
Market hotspots:
1. The public chain SOL has risen, and a U.S. listed company has increased its holdings by $200 million. NFT concepts like Pengu and Dood have risen, possibly influenced by whales bottom-fishing in NFTs. The meme token Pythia has surged, strongly controlled by a major player.
2. The DeFi tokens ENA and SPK have risen. ENA is a yield-bearing stablecoin, and a company similar to MicroStrategy has been established in the U.S. stock market to buy coins. SPK is the native lending platform launched by MakerDAO, aggregating on-chain capital for yield, with a shorting fee rate of -0.5%.
3. The social concept of Zora has surged, and the base chain app integrates its content socialization technology.
4. BlackRock applies for a spot-staked Ethereum ETF. If approved, Ethereum will welcome another wave of positive news, along with related tokens: ethfi, eigen, ldo, rpl, puffer (junk).
