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Highlights and Risks in the Downtrend of the crypto market: LTC rises against the trend while multiple coins face challenges.
Crypto Assets Market Weekly Report: Highlights and Challenges in the Downtrend
Market Overview
This week, the Crypto Assets market has shown a rapid fall trend, with the market sentiment index dropping from 33% to 11%. The market capitalization of stable coins has stagnated, indicating that institutional funds have started to withdraw. The market panic sentiment mainly stems from a large-scale asset theft incident at a trading platform, as well as heightened concerns about inflation and economic recession. Overall market sentiment has plunged into extreme panic, with most tokens performing worse than the benchmark index.
Tokens Worth Paying Attention To
bullish expectations:
LTC: Rising against the trend, mainly benefiting from the market's heightened expectations for the approval of the LTC ETF.
S: The Sonic ecosystem attracts users through high yield rates, driving up token demand.
SOSO: The project flexibly adjusts its development direction and launches high-yield mining activities to attract users.
BERA: Quickly curb the fall trend and turn to an increase by enhancing the yield of on-chain projects.
bearish expectations:
ETH: The market has concerns about ETH due to the theft incident at a certain exchange.
SOL: The meme coin craze has receded, with a significant outflow of funds from the Solana ecosystem.
ADA: The TVL on the Cardano chain has significantly fallen, and user confidence in the ecosystem has declined.
AI: The AI and Gamefi sectors have experienced significant pullbacks and are about to face large-scale token unlocks.
TKO: Affected by the overall negative impact of centralized exchanges, combined with the upcoming unlocking of a large number of tokens.
RUNE: Rumors regarding developer departures and money laundering may trigger a continued fall.
Hot Track Analysis
Sonic ecosystem
Berachain
Market Track Performance
This week, the Sociafi track performed the best, while the PayFi track performed the worst. Sociafi benefited from relatively small falls in major tokens, while PayFi was affected by significant declines in major tokens.
Important Events Next Week
Summary
This week, the crypto market experienced a significant fall, and investors are generally concerned. Some projects attract users through high-yield strategies, but long-term market stability and the emergence of innovative projects will be key. It is advised that investors closely monitor market dynamics and operate cautiously.