5 must-read articles for the evening | Panoramic analysis of the Meme coin ecosystem

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1.Doge Transforms into D.O.G.E, Benefiting from the "Trump Trade" and Surging

On October 29, Doge surged, breaking through $0.16, with a 24-hour increase of 17%. As the US election approaches, the "Trump trade" has worked again, and Doge has successfully captured the political traffic, joining the "Trump trade" package.Read more

2.Bitcoin Returns to $71,000, How Will the Crypto Market Perform Before and After the US Election?

On October 29, BTC returned above $71,500, hitting a new high since June 7 this year, and is poised to surpass the previous all-time high of $73,777. At the same time, the total crypto market cap has also rebounded and exceeded $2.5 trillion. Many analysis institutions believe that the hot market is mainly driven by Trump's victory, but it is still unknown who will win the US election, which is about a week away. From the current financial market reaction, the "Trump trade" is very obvious, but investors still need to be wary of potential market risks.Read more

3.Vitalik: The Possible Future of the Ethereum Protocol - The Splurge

Some things are hard to categorize. There are many "small things" in the Ethereum protocol design that are very valuable to Ethereum's success, but do not fit into larger subcategories. In fact, about half of them are ultimately related to various EVM improvements, and the rest are made up of various niche topics. This is the purpose of "the Splurge".Read more

4.The Fed's Big Trouble: Inflation Heading Towards After the Election

The Fed's persistent anti-inflation efforts over the past two years are likely to be "in vain" due to the US election. As supply chain issues are resolved and the Fed continues to raise interest rates, US inflation is steadily declining. The CPI year-on-year increase has dropped to 2.4% in September, close to the pre-pandemic level. However, whether inflation will continue to ease next year largely depends on the results of the November election. If inflation rises again, the Fed will be forced to abandon its current rate cut strategy and start raising rates again.Read more

5.Panoramic Analysis of the Meme Coin Ecosystem: How to Achieve Excess Returns?

Recently, BTC has broken through the $70,000 mark again, and the market's greed index has reached 80 again, while meme coins are often the vanguard of each bull market surge, such as $GOAT, whose price has increased by more than 10,000 times in 5 days. Through the analysis of the trading data of the current TOP 25 meme coins in the market, we have discovered several noteworthy market characteristics and evolutionary trends.Read more

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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