2024.11.18. Daily report——

1) Market trend

BTC began to adjust, and old coins rose. The chain continued to hype memes with VC background.

US stocks fell sharply. The US dollar index rose sharply. The market expects that the interest rate cut will stop for a period of time after the December rate cut, and the number of interest rate cuts in 25 years will drop sharply to 2 times.

2) Market hot spots

1. Public chain SOL and SUI rose sharply, and SOL ecosystems Ray, Drift, etc. followed suit. The SOL/ETH exchange rate hit a new high. SOL is similar to ETH for DeFi in the last round, and it is an entry chip.

2. Meme's Punt, Bonk, and Banana rose. Musk mentioned squirrels, Pepe, and Banana again on Twitter. In essence, Punt and Doge will rise and fall together in the long run. Bonk plans to destroy 1 trillion tokens in December.

3. RWA's OM rose sharply, rising 250 times in the past year, with a trend similar to that of Zhuang stocks.

4. Old coins XRP, Luna, Atom, etc. rose. It indicates that the market is not hot enough and there is a high probability of adjustment.

5. On-chain local dogs such as RIF, URO, SCI, and VITA have risen sharply. RIF and URO are the two official medical memes of Desci's pump.science, which are engaged in the research of elixirs. Desci is based on the subsequent hype of BN's investment in bio, and its logic is similar to that of A16Z's investment in AI meme GOAT and ACT, which is worth long-term observation.