January 16 Market Dynamics
I. Macro Trends
1. Market Trend: The market rebounds, with widespread increases in altcoins.
2. U.S stocks were closed on Monday.
II. Market Highlights
1. XAI and NFP surged, followed by game NFTs BLUR and MAGIC. L2 project Manta, originally a Polkadot ecosystem project, switched to zk's L2 after five rounds of financing using TIA and Polygon technology. This time the circulating supply has a huge pressure of 25%, estimated at $20 billion total market value. XAI, BLUR, MAGIC are all planning to have their own chains.
2.Cosmo ecosystem's SEI and INJ soared significantly . SEI , INJ , SUI are all marketed by Jump .
3.Inscription tokens MUBI and RATS surged significantly .
4.Platform token OX skyrocketed . Founder Zhusu held an AMA session , aiming to turn OX into a disk model .
5.Meme coins TROLL and SMILEY soared several tens of times within a week . Both TROLL and SMILEY ride on Musk concept , old coins on Ethereum chain popular for speculation in meme trend . However Solana chain 's Shiba Inu liquidity is more abundant .
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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