🚀 BNB Chain Weekly Update: Sector Declines, Website Building Stocks Retreat
Market capitalization fell 4.9% this week (-$10.6 billion). BNB fell below $900, dropping to around $860. Small-cap stocks continued to perform well.
Here's a detailed analysis of this week 🧵
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📈 Market Overview
Risk aversion persists, with fear and greed remaining in a state of "fear." Large-cap stocks declined, but speculative stocks remained active.
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🏆 Top Gainers
Among the BEP-20 index constituents, MemeCore rose 16%, and @MYX_Finance rose 23.5%, leading the gains.
Small-cap cryptocurrencies performed strongly:
🔹 YALA (YU) +367.6% (still down 42% from its peg)
🔹 SENTIS +174.6%
🔹 FTN +161.7%
🔹 RAVE +128.8%
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📊 Driving Factors
Multiple catalysts:
🔹 YU surged after its YU↔USDC exchange program launched.
🔹 RAVE was boosted by its Binance Alpha listing and airdrop, as well as spot trading on Bitget (December 12th).
🔹 The catalyst for FTN's rise is unclear (high volatility this week).
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⚠️ On-chain activity slowed down
BNB on-chain activity slowed again: daily trading volume, fees, protocol revenue, and TVL all trended downwards. Not just BNB, but most L1 trading pairs experienced similar slippage, indicating that traders are still reducing risk rather than actively shifting to other cryptocurrencies.
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⚡ News Roundup
🔹 @BNBCHAIN announced a new stablecoin designed to unify liquidity on a large scale.
🔹 @Aster_DEX Phase 3 Claims: December 15th to January 15th.
🔹 @falconfinance VELVET Vault: Annualized yield 20-35% (USD/USD).
🔹 Yala launches 1:1 YU↔USDC redemption (proportional monthly distribution).
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💡 Key Takeaways
🔹 Pay attention to risk appetite (without risk appetite, other cryptocurrencies will not survive).
🔹 Monitor the subsequent trends and counter-trend movements of small-cap cryptocurrencies (trend stocks are positive 8/10).
🔹 Stay informed about BNB Chain stablecoin details and incentive mechanism design.
Get the latest news and stay ahead of the curve:
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