April 2nd Market Dynamics

Bitget App

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Bitget2024/04/02 02:07

I. Market Fundamentals
1. The market is generally declining, and altcoins are not spared.
2. U.S stocks fluctuate between gains and losses. Due to the excellent performance of U.S manufacturing data, the possibility of a rate cut for the first time in June has dropped below 50%.

II. Market Focus
1. The price of game token GHST has skyrocketed, switching from Base chain to L3 operation.
2. The value of BOME in Meme track is rising. Solana releases 8,000 Shiba Inu coins daily in March, among which Golden Shiba Inu coins that stand out are particularly precious.
3.The overall BTC ecosystem shows a downward trend.BTC's NFT prices have halved; BTC L2 user experience is lower than expected.There are still 20 days left before Bitcoin halving,but speculative behavior towards Bitcoin's ecosystem may end one month earlier.
4.Bitget will soon launch Wormhole (W) project.This cross-chain bridge project is valued at $2.5 billion and has received investment support from many well-known institutions.However,the user experience is only average level .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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