The real GDP of the United States in the first quarter of 2024 increased by 1.6% year-on-year, lower than the market expectation of 2.4% and lower than the 3.4% in the fourth quarter of last year. The Federal Reserve may only cut interest rates once this year, in the fourth quarter. Yesterday, the U.S. spot Bitcoin spot ETF had a net outflow of US$217 million, achieving two consecutive days of net outflow.
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In the crypto market, the US SEC issued a "Wells Notice" to ConsenSys, an Ethereum infrastructure development company, and accused MetaMask of operating as an unlicensed broker. ETH fell for a short time, but quickly recovered the losses and is now basically the same as yesterday. At the same time, PEPE entered the top of the Smart Money list, which means a high winning rate or potential institutional internal address purchases, and the subsequent trend of PEPE is optimistic.
Sector changes: Cross-chain track (W)
According to on-chain data statistics, the total number of transactions conducted by users using the cross-chain interoperability protocol Owlto Finance on Bitcoin ecosystem Layer 2 and other networks has reached 1,549,313, and users are distributed in 206 countries and regions; at the same time, the Wormhole project is also continuously updated. According to the official announcement, the native W token is now available on Solana, Ethereum, Arbitrum, Optimism and Base through Wormhole Native Token Transfers (NTT). The good news caused the price to rise in the short term.
Factors Affecting the Market Outlook
The subsequent roadmap of W indicates that W has become a native multi-chain token and has completed the second phase of the W release roadmap. This release will bring the first multi-chain governance system MultiGov and W staking governance, which is expected to absorb tokens in the market. If the W staking growth effect is good, the selling pressure in the market will further decrease.
The new generation of popular MEME (SLERF, MEW, MANEKI)
The new generation of popular meme coins that emerged in the recent Meme Season rebounded from oversold prices amid market upheavals. During the market crash, whale wallets and smart money buy the dips the bottom and rose strongly during the rebound. The price of MANEKI continued to rise after airdropping to solana saga phone holders.
Factors Affecting the Market Outlook
The new generation of popular MEMEs are all characterized by strong market control and high market attention. SLERF and BOME have whale absorbing enough chips during several sharp price fluctuations; MEW issued an airdrop worth up to 4 million US dollars in the post-TGE market, and the project party has not yet made a profit on this asset. Therefore, many strong market makers of the new generation of popular MEMEs have enough motivation to pull the market for these assets that have already received huge attention in the market. The market's enthusiasm for the entire Meme track and the timing of the market makers' pull will be the most critical factors for making profits in this track.
Sectors that need to be focused on in the future: AI sector
The market started to fluctuate this week. With the breakthrough growth of BounceBit TVL and the launch of Runes, the crypto market paid more attention to the second layer of BTC.
Specific currency list
ARKM: Arkham is a blockchain analysis platform that uses artificial intelligence to analyze blockchains and on-chain data. The secondary market price rebounded sharply;
NEAR: Recently, many AI projects in the NEAR ecosystem have been raising funds, and NEAR is expected to become the AI hub of the future.
You can also refer to yesterday’s article “ Can the old public chain regain its glory if it takes advantage of the popularity of AI? ”
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the crypto to explore together. If you have any questions, you can comment or send a private message. All information platforms are Tuanzi Finance .
