Crypto Pulse - 10/17 Market Trends and Top Project Analysis

*Preface: BTC and Ether pumped by 0.77% and 0.43% respectively in the past 24 hours, with current prices of 67,641 and 2,618 US dollars. The ETH/BTC Exchange Rate remains at 0.04. The crypto market fear & greed index is 71, indicating greed.

Market Trends

Yesterday, the overall market continued to experience a pump, with BTC pumping for three consecutive days. Yesterday, the highest breakthrough was $68,400, currently waiting for a breakthrough above $67,500. BTC’s market dominance reached 58.79%, hitting a new high in this round of the bull market. In contrast, the trend of alts is relatively weak, with a general decline of 3%. The AltCoin/BTC ratio has reached a low point, and it is expected that there will be ample room for pump in the future. In November, the probability of a 25BP rate cut by the Federal Reserve is 94.1%, and there will also be a major Fluctuation in the market due to the U.S. presidential election. Investors should closely follow the situation. The public chain zone: The mainstream public chain tokens such as SUI and SOL, which have performed well in the past, are experiencing a pullback in token prices. The SUI and SOL ecosystems continue to see active memes, with the number of active addresses reaching new highs; Decentralized Finance track: RDNT’s price fell by more than 10% due to hacker attacks, while UNI experienced significant fluctuations due to the recent release of Unichain by Uniswap, with consecutive 5-day fluctuations in both rise and fall; Meme zone: The leading DOGE in the race saw a big rise yesterday, with an increase of over 10%, and the GOAT series of meme tokens are active, with the GOAT Market Cap breaking through $300 million yesterday; Inscription track: Mainstream inscriptions such as ORDI, SATS, PIZZA, etc., have seen an increase in volume, but no significant movements were observed.

BTCSpotETF Fund Flow

BTCSpot ETF in the United States saw a net inflow of $458.7 million yesterday, with net inflows exceeding $200 million for 4 consecutive days. Among them, IBIT saw a net inflow of $390 million, FBTC saw a net inflow of $14.81 million, and BITB saw a net inflow of $12.93 million. On the other hand, yesterday’s US Spot Ethereum ETF net inflow was $24.21 million, with ETHA net inflow of $11.88 million and FETH net inflow of $8.50 million.

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Today’s Hot Projects

Today’s hot project is DOGE, with a 24-hour increase of 10.37%. DOGE, short for Doge coin, is a Cryptocurrency created by software engineers Billy Markus and Jackson Palmer on December 6, 2013. It was originally created as a joke, inspired by the popular Doge meme (funny pictures featuring Shiba Inu) on the internet at that time. Over time, DOGE has gradually developed into a community-driven Virtual Money and has gained popularity in internet culture and charity activities. The initial total supply of DOGE was 100 billion in the first year, and it will increase by 5 billion each year with no upper limit. In the past 24 hours, DOGE has pumped 10.37%, ranking 7th in Market Cap with a Market Cap exceeding 18 billion US dollars.

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Popular Discussion

FOX Poll: Trump leads Harris nationwide with 50% to 48%. Former President Trump leads Vice President Kamala Harris in the presidential election with 50%-48%. This is in stark contrast to Harris’s slight advantage last month. However, Harris leads by 6 percentage points among voters in seven key battleground states, and the support rates of both candidates are tied at 49% in evenly matched counties (where the gap between Biden and Trump in 2020 was less than 10 percentage points). Trump’s advantage lies in the fact that the share of counties where he led by more than 10 percentage points in 2020 (64%-35%) is larger than Harris’s share in counties where Biden led by more than 10 percentage points (58%-39%).

Project Financing

African cryptocurrency trading platform Yellow Card has completed a $33 million Series C financing round. African Cryptocurrency trading platform Yellow Card completed a $33 million Series C financing, led by Blockchain Capital, with participation from Kraken, OpenSea, and Worldcoin. This round of financing will be used to expand its B2B business. Yellow Card’s total financing amount has reached at least $88 million. Earlier reports, in September 2021, Yellow Card completed a $15 million Series A financing, led by Valar Ventures, Third Prime, and Castle Island Ventures. On September 19, 2022, Yellow Card Financial completed a $40 million Series B financing, led by Polychain Capital. This round of financing will be used to promote the company’s business rise, expand the African market, and innovate product research and development.