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Market dynamics on September 26: Poor U.S. economic data, market expects another 50bp rate cut in November

Market dynamics on September 26: Poor U.S. economic data, market expects another 50bp rate cut in November

Bitget2024/09/26 01:54
SOL+0.52%CELO+0.33%

I. Market Trends:

1. The market has begun to adjust, rotating to lagging stocks for catch-up growth. U.S. stocks are fluctuating.

2. Poor U.S economic data, the market expects another 50bp rate cut in November.

II. Market Highlights:

1. Public chain CELO is on the rise. CELO's stablecoin business in Africa is developing rapidly and Vitalik is optimistic about it.

2. AI's WLD is rising too. Lagging large-cap stocks are catching up one after another, and the market may adjust in the short term.

3. Big gains on Solana chain such as Thai hippo MOONDENG and Australian penguin PESTO etc.. Hippo has risen 3000 times in two weeks with a market value exceeding $100 million USD . The zoo trend shifts from land animals to marine animals, speculative funds return from Ethereum chain back to Solana chain.

4.TON game HMSTR will be listed on secondary markets today; click-type hamster games have 100 million users, not much of an airdrop situation with off-market valuation at $1 billion USD . However, market data shows that this year’s airdropped projects will crash significantly within two weeks by 90%.

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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