May 23 Market Dynamics: U.S. Election-themed Tokens PEOPLE and MAGA Surg
I. Market Dynamics
1. General Market Trends: The market is showing a downward trend, with altcoins generally declining. Bloomberg predicts that the scale of Ethereum ETFs can only reach 10% of Bitcoin ETFs.
2. U.S stocks are experiencing a correction, and minutes from the Federal Reserve System meeting suggest there will be no immediate interest rate cuts. Nvidia's performance exceeded expectations, reaching new highs.
II. Market Focus
1. Prices for PEOPLE, MAGA, WIF and BOME in the Meme series have skyrocketed. Both U.S presidential candidates support Meme coins, with PEOPLE and MAGA related to the theme of US elections.
2. Prices for BAKE, BNX and HOOK have risen significantly; BN from the Bn series has seen nearly tenfold growth - making it this round's biggest gainer.
3.BTC rune DOG and RUNECOINS prices have noticeably increased in bulk volume recently; both Kraken and Bn released reports on rune research recently.
4.The price rose after cross-chain bridge STG launched its v2 version.
5.Taiko under ETH’s zk L2 project airdropped 5% tokens to Taiko users members of loopring community; L2 project zksnyc hinted at an indiscriminate airdrop event soon.
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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