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Market dynamics on January 23: BTC and altcoins generally decline; AI sector becomes the focus of the market, US stocks rise strongly, regaining upward momentum

Market dynamics on January 23: BTC and altcoins generally decline; AI sector becomes the focus of the market, US stocks rise strongly, regaining upward momentum

Bitget2025/01/23 03:09

Market Dynamics:

  1. BTC falls, as do altcoins. AI remains the main focus of the market.
  2. U.S. stocks surge, returning to an upward trend with strong performances.

Market Highlights:

  1. The AI sector sees significant gains in PIPPIN, LUMO, BUZZ, SORA, MOBY, and DOGEAI. PIPPIN has recently open-sourced its framework. LUMO, an AI platform tailored for the Solana blockchain, is actively participating in hackathons. BUZZ, the winner of a Solana hackathon, is pioneering AI in decentralized finance. SORA operates as a voice assistant, MOBY functions as a whale monitoring robot similar to AIXBT, and DOGEAI is a political meme by a conspiracy group.

  2. The public blockchain SOL shows a weekly increase. The SOLBTC exchange rate strengthens. The proportion of income from crypto applications (akin to on-chain GDP): Solana accounts for 55%, Ethereum 20%, and Base 10%.

  3. The meme coins TRUMP and FARTCOIN are down for the week. There is speculation that TRUMP's emotional trajectory could mirror SHIB's initial period on leading exchanges, potentially facing several months of market correction and downtrend.

  4. The leading exchange debuts ANIME, a community token for the AZUKI NFT space, rumored to be a close-knit 'girlfriend coin.'

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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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