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Market Dynamics on December 15: Market rebounds, inscriptions are the main theme

Market Dynamics on December 15: Market rebounds, inscriptions are the main theme

Bitget2023/12/15 01:50

I. Macro Trends

1. Market Trend: The market rebounds, with inscriptions as the main theme.

2. U.S stocks rise and the dollar index plunges significantly. Expectations for substantial interest rate cuts next year are high.

II. Market Highlights

1. The main wave of inscription rises has arrived, with SATS, RATS, MUBI, ORDI etc., surging greatly. SATS tripled in a week while RATS increased sevenfold within a week; many new inscriptions rose hundreds of times in one day. The core of Crypto lies in issuing new assets; last round's DeFi Summer invented liquidity mining as an asset issuance method - this time it switched to inscribing tokens. History doesn't repeat itself but it rhymes.

2.BONK from Solana ecosystem surged dramatically . BONK is a forced short contract similar to BIGTIME which multiplied by 100 over two months and held short-selling activities during Christmas period . Buy Solana mobile phone and get free NFTs and BONK worth more than 600 USDT for a phone priced at 700 USDT .

3.Depin's MOBILE soared tenfold this month . It is HNT’s sub-coin under Solana ecosystem that operates telephone card business with market value reaching $600 million USD . This time , Depin generally performed better than DeFi on Solana .

4.NTRN , TIA , OSMOS from Cosmos ecosystem rose . NTRN and TIA are newly listed stocks where people prefer speculating on new ones rather than old ones . New coins generally perform better than old tokens .

2

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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