1. Bitcoin and Ethereum Maintain Stable Prices
Bitcoin has been holding around $65,000 - $66,000 for the past week after peaking in late September. However, the market remains sensitive to macroeconomic news and political factors. If it fails to maintain momentum, BTC could retest key support levels below $65,000.
Ethereum also maintained stability around $1,750 - $1,800 thanks to the strong development of Layer-2 platforms such as Arbitrum and Base, helping to increase transaction volume and attract users.
2. Notable projects: Solana, Polkadot and Polygon
- Solana (SOL) has seen significant growth in the number of users, especially thanks to its fast transaction processing and low fees. DeFi and NFT projects on Solana continue to expand, attracting many new developers.
- Polkadot (DOT) enhances the ability to connect different blockchains, attracting the attention of developers who want to build multi-chain projects.
- Polygon (MATIC) is focusing on growing and improving its DeFi ecosystem through the use of POL tokens to enhance security and community governance.
3. DeFi and NFTs: Key Trends of the Week
- The decentralized finance (DeFi) sector continues to grow with many new projects, although the total value locked (TVL) has decreased slightly compared to the previous quarter. However, platforms such as Aave and Uniswap still maintain their appeal.
- The NFT sector is also showing signs of recovery, with many digital art projects and blockchain games continuing to expand. The market expects the return of NFTs in the last quarter of 2024.
4. Trend forecast for next week
- Next week, experts predict that the market may be affected by global economic events such as the FED's interest rate decision and crypto-related regulatory policies in the US and EU. Investors need to closely monitor and manage risks to seize opportunities and protect profits.
Here are the main news of the past week in the crypto market. Don't forget to follow the channel for daily updates on the latest news and analysis!
