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Market Dynamics on December 13th

Market Dynamics on December 13th

Bitget2023/12/13 01:58

I. Macro Trends

1. Market Trend: The market is adjusting, with capital rotating among sectors.

2. U.S stocks are rising, hitting a new high for the year. The core CPI remained stable in November without any decrease, making it difficult for the Federal Reserve to cut interest rates in the short term.

II. Market Highlights

1. BTC inscriptions SATS and RATS hit new highs. Bn has launched SATS, and whales have started selling off.

2. Tokens from Cosmos ecosystem such as ATOM, TIA, FET, NTRN, OSMOS, JUNO as well as Astroport's Passage and Chihuahua tokens all generally increased in value.The last bull market also saw SOL、AVAX、ATOM rise first.Chihuahua is a meme of Cosmos which rose 5 times this month; historically it was known as Doomsday Vehicle.Cosmos' market trend enters its late stage with RUNE leading the decline.

3. ARBITRUM (ARB) caught up while Meme's AIDOGE surged significantly.ARB underperformed OP this round due to heavy load.
   
4. Gaming coins BEAM and BIGTIME soared.BIGTIME had the best performance this month with a fivefold increase.Bn only has contracts but no spot trading.There are rumors about listing on Bn.
  
5. HONEY and LFNTY from Solana ecosystem skyrocketed.HONEY is Web3 map Depin valued at $2 billion.LFNTY is an efficient market-making protocol.

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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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