2024.11.08. Market——

1）Market Trends

BTC rises to a new high. The market's main focus is on meme and AI, with new meme coins like Dog, Goat, and Hippo leading the charge.

US stocks rise to a new high. The Federal Reserve lowers interest rates by 25 basis points in November as expected, but due to Trump's policies causing high inflation, the expectation for a 25-year rate cut has decreased to 60 basis points.

2）Market Highlights：

1. Meme coins like Neiro, Goat, and Moodeng surge, with Neiro reaching a new high. The meme contract on BN is Mog. The on-chain new meme trends remain the strongest, with many like D.O.G.E, Fartcoin, etc. hitting new highs, showing clear wealth effect. The most important thing in fishing is to fish where there are fish.

2. AI coins like Grass and AR rise. Grass continues to reach new highs.

3. Public chains SOL and SUI rise, with SOL nearing a new high and SUI reaching a new high. The leading DEXs in the SOL and SUI ecosystems, like Ray and Cetus, also rise; DEXs leverage the public chain they belong to. At the same time on BN, SUI chain's Cetus is clearly more resilient than ETH chain's Cow.

4. Staked coins like JTO, Eigen, SD, LBR, PSTAKE rebound. Market regulation has relaxed on re-staking, but the impact is minimal.