March 14 Market Dynamics

Bitget2024/03/14 01:55

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I. Market Fundamentals
1. BTC once broke through $73,400, and the crypto market continued to rise. ETH performed stably after the Cancun upgrade, with STRK fees being the first to be reduced.
2. U.S stocks saw both rises and falls, with a slightly weak upward momentum.

II. Market Focus
1. The public chain SOL surged strongly, and MOBILE, JUP, RAY, CHAT, WIF and MYRO in its ecosystem also rose accordingly. After ETH's Cancun upgrade, market hype shifted towards SOL and SOL's exchange rate against BTC reversed. WIF successfully raised funds and advertised on a large billboard in Las Vegas. SolChat - a Web3 social application similar to WeChat - received Twitter support from the founder of SOL.
2.BNB price increased as CAKE, ALPACA & TKO in BNB Chain ecosystem generally rose due to an expected increase in demand driven by new project IEO releases every week.
3.The public chain Vanry’s price soared after it was renamed from TVK following collaboration with Nvidia for AI business development.
4.DeFi project AEVO has been listed on Bitget with its total market value surpassing that of leading decentralized contract DYDX.

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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