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Important market dynamics on August 21: U.S. stocks fall, market awaits Powell's speech on Friday

Important market dynamics on August 21: U.S. stocks fall, market awaits Powell's speech on Friday

Bitget2024/08/21 01:52

I. Market Trends:

1. The market is falling, following the decline of U.S. stocks but not their rise. There's speculation on small and exotic stocks.

2. U.S. stocks are down, the market awaits Powell's speech on Friday.

II. Market Highlights:

1. DOGS has been listed on major exchanges such as Bitget and Binance etc.. DOGS is a Meme token by Ton chain founder, with 3000 accounts air-dropped 200k USDT through scripts in a studio operation . With an off-market capitalization of $2.2 billion, DOGS' value is twice that of NOT's value; 80% of the air-drop has been unlocked . Binance also invested in the DOGS game Catizen.

2.Tron-related TRX, SUN, BTTC, SUNDOG,SUNWUKONG etc., have seen significant increases.The public chain TRX has an annual income of $2.5 billion (ETH annual income is $3.5 billion). Various Meme coins are being pumped up on-chain for buybacks using funds to repurchase SUN.Meme coin SUNDoge increased its market cap to $200 million within a week.

3.Old games VOXEL , LOKA , MBOX , ALICE surged.Binance frequently lists contracts for smaller coins like VOXEL.

1

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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