April 22 Market Dynamics: BTC shows weak consolidation, altcoins generally decline
I. Market Fundamentals
1. The market is showing a weak oscillation, Bitcoin has completed its fourth halving, and altcoins and Meme tokens are active.
2. U.S stocks have fallen sharply, with Nvidia hitting a new low.
II. Market Focus
1. Meme's BONK, PEPE, FLOKI etc., all show an upward trend; among them Bonk proposed a burning plan.
2. Inscription SATS and RATS rebounded while the leading Runestone fell after snapshotting. The overall expectation for competing runes is low due to pre-mining by project parties which undermines decentralization and fairness; fairness being the biggest advantage of Meme.
3.AI field's io.net has released a points system that is currently in beta testing stage and will be air-dropped in the future.
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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