March 11 Market Dynamics
I. Macro Dynamics
Bitcoin is adjusting, and altcoins are generally declining.
U.S. stocks fell, with Nvidia's stock price falling more than 5% in a single day.
II. Market Focus
Game tokens such as Gala, YGG, and Pixels have all seen significant increases. Among them, Gala and YGG are market made by DWF. The daily active users of Pixels have exceeded 500,000 (the peak of Axie was 2 million). The Global Chain Game Conference will be held on March 18th, and the market has begun to preheat in advance.
ID, EDU and BNX are also rising. Funds begin to flow into high-market-value varieties.
The stablecoin MKR price is rising. MKR's DAI deposit rate has increased from 5% to 15%, with earnings multiplied while PE dropped to twelve times. Among similar products, Ethena currently makes a profit of RMB 7 million per week.
Strong currencies AI and Meme sector lead the decline due to their previous excessive gains.
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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