Gate Research Institute: ENA Weekly Rise Exceeds 15%, Prediction Market Leads On-Chain Narrative New Cycle |Gate VIP Weekly Report

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Highlights of Last Week's Market Overview

Alpha Gold Digging: BTC bottomed out at $102,100 on October 11 and stopped falling, beginning a gradual recovery trend, with the overall structure showing a pattern of “low-level consolidation → short-term rebound”; ETH started rebounding from a low of about $3,680 on October 13, encountering short-term resistance above $3,980. Among altcoins, ENA surged over 15.09%, becoming the most eye-catching token; TAO and PAXG also recorded increases of 8.93% and 5.19%, respectively, rising against the trend in the short term.

On-chain funds: The Starknet ecosystem is gradually recovering, launching Bitcoin staking with “BTCFi” as the core, along with institutional onboarding and a 100 million STRK incentive plan, leading to new highs in TVL and stablecoin scale. The prediction market segment is heating up, with Polymarket active wallets exceeding 56,000, and the combined monthly trading volume with Kalshi reaching 1.44 billion USD, setting a new historical record.

This report will conduct an in-depth analysis of the above trends and provide detailed market data and technical interpretations. You are welcome to click to view the complete report, accurately grasp the market pulse, obtain forward-looking strategic perspectives, and explore the next round of potential opportunities. <br> <center><strong style=“font-size: 1.5em;”>(Click below to get the full report)</strong></center> <br> Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the cryptocurrency market involves high risks, and it is recommended that users conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate does not accept any responsibility for any losses or damages resulting from such investment decisions.

ENA-4.3%
BTC-3.46%
ETH-4.83%
TAO-3.54%
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