📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Recently, the cryptocurrency market has shown a new active trend. The daily trading volume of altcoin contracts on the Binance platform has surpassed the $100 billion mark, setting a new high since February, accounting for 71% of the total trading volume. This data indicates that retail investors are returning to the market, and after Bitcoin broke its historical high, the altcoin market has also heated up.
According to CryptoQuant's analysis, the exchange rate of Ethereum against Bitcoin shows potential for an increase, which may be related to institutional investors adopting new reserve strategies. This trend suggests that institutional funds may be reassessing their Crypto Assets allocation.
Market observers believe that the current situation may signal the arrival of the altcoin season. The performance of Solana (SOL) breaking through the $200 mark seems to confirm this viewpoint. In this case, investors may consider focusing on decentralized finance (DeFi) projects, as tokens like JUP have already seen a 17% increase.
However, market participants should also remain cautious and avoid chasing prices at high levels, and instead look for suitable entry opportunities at lower levels. The volatility in the Crypto Assets market is still very high, and investment decisions need to be made thoughtfully, fully considering the risks.
As market sentiment heats up, investors need to stay alert, focus on project fundamentals, and closely monitor market trends to seize potential investment opportunities.