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Daily Market Insight
by
Adakole007
on 29/07/2024, 06:48:37 UTC
BTC has broken out and is rising, while altcoins are declining. Trump gave a speech at the BTC conference. U.S. stocks rebounded after a drop.

Market Highlights:

SOL is rising along with its ecosystem tokens like JUP and BOME. SOL has broken through on the weekly chart, making it one of the few altcoins outperforming BTC. JUP has a proposal to burn 30% of its supply.

NEIRO surged over a thousand times in two days, reaching a market cap of 60 million USDT at its peak. NEIRO is a DOGE alternative with several similarly named altcoins.

OKX Jumpstart listed MAX today, a gaming platform developed by a Chinese team, focusing mainly on shooting games.

Chain Abstraction project “W” is declining, with 30% of its supply (about $200 million) set to unlock next week.