Market Dynamics on May 28: The popularity of Ethereum-based Memes is showing a spreading trend

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Bitget2024/05/28 02:15

By:Bitget

I. Market Overview
1. General Market Trends: The market is generally rising, with a continuous inflow into Bitcoin spot ETFs. Bitcoin's dominance is declining, and the altcoin season has arrived.
2. U.S stocks hit new highs while the dollar index fell.

II. Market Focus
1. NOT significantly increased, followed by game tokens HIGH, DAR, ENJ also rose accordingly. NOT is a gaming token in the TON ecosystem with DWF as its market maker.
2. Meme series such as FLOKI, MOG, WOJAK, TURBO and PENG have all risen sharply. Ethereum-based Meme popularity shows a spreading trend; among them Toad coin TURBO has surged 20 times within two weeks.The market risk is accumulating.
3.Stability tokens TRU and SPELL have risen sharply.The market is speculating on shadow stocks related to MetaDrop's newly issued LISTA .

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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Share link:In this post: A Franklin Templeton report suggested that Solana threatened Ethereum due to its growing influence. Solana’s DEX volumes surpassed the Ethereum ecosystem in January, highlighting a potential market shift. According to the report, the shift to activity to the layer two blockchain shows the Ethereum scaling approach was working.

Cryptopolitan•2025/03/06 18:55