Today's report
1) Overall market trend:
BTC continues to rise, and the market is dominated by the repeated hype of AI and Meme coins. However, the market may experience some adjustments 1-2 months after the popularity of Meme coins. U.S. stocks rose as the first rate cut could come in June.
2) Hot market focus:
1. In terms of Meme coins, Pepe, Floki, WiF, Mog, Trump, etc. have strong gains. Floki conducted a vote to destroy 2% of the circulating tokens. WiF rose sharply after being launched on Robinhood brokerage, and may be listed on OK and BN exchanges in the future.
2. Old coins in the PoW field, such as BCH, BSV, SYS, and SMH, are experiencing gratifying gains. BCH-related companies are listed on the US stock market and will experience halving in April, and miners may turn to mining these coins. This logic is similar to Ethereum’s previous transition from PoW to PoS, which triggered miners to push the price of Ethereum Classic (ETC) up.
3. ZKF in the Layer 2 (L2) field has a strong upward trend. ZKF is one of the smallest Layer 2 projects of FDV.
4. On-chain projects Tugou (YES) and Chat performed well. YES adopts a Ponzi plate similar to the OHM (3,3) model, with the participation of former OHM members. Chat is a wallet social project on the Solana chain, partnered with Mobile.
5. The Bitcoin NFT market rose, and the value of Node Monkey reached 0.9 BTC.
