Market dynamics on November 21: PNUT, ATT, RIF and others plummeted, Meme market temporarily rests

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Bitget2024/11/21 02:41

I. Market Trends:

1. BTC is surging towards 100,000 with a contract long-short ratio of 0.5. The dominance rate of BTC has reached a new high of 61%, causing altcoins to plummet, led by Meme.

2. U.S stocks are mixed; MicroStrategy plans to issue bonds to purchase $2.6 billion worth of BTC, similar to the LUNA lending model, and its trading volume in US stocks is close to Nvidia's.

II. Market Hotspots:

1. FLOKI from Meme is rising and will be listed on CoinBase.

2. Previously strong Memes like PNUT, ATT, RIF etc., have all plunged by half in value abruptly - it's highly likely that the Meme market will take a break for about a month.

3. Chillguy from Chain Doge has surged dozens of times within days reaching a market cap of $400 million USD - Chillguy was created by an artist in '23 representing the Buddhist lifestyle and is popular on TikTok.

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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