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September 19 Market Dynamics

September 19 Market Dynamics

Bitget2024/09/19 02:15

I. Market Trends:

1. The market has rebounded significantly, with liquidity improving.

2. U.S stocks surged then fell back. The Federal Reserve cut interest rates by 50bp, and the market expects two more cuts of 25bp this year.

II. Market Highlights:

1. Public chains SUI, FTM, SAGA, SEI have seen significant increases. SUI's ecosystem BLUB has skyrocketed with a market value of $30 million USD. BLUB is a meme of SUI similar to PEPE and it increased hundredfold this month.

2. NEIRO is on the rise due to strong control from major shareholders; there are more gains than losses.

3. POW's KDA is increasing in value.

4.The on-chain Meme MOODENG has soared in price as well.MOODENG represents a baby hippo from Thailand that saw its value increase hundredfold within one week reaching a market cap of $3000 USD.Bn launched small-cap memes which stimulated the on-chain Meme market.

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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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