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This Week’s Theme: #WillBTCHit120K
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Share your market view on this week’s theme: #WillBTCHit120K ?
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H coin weekly rise exceeded 122%, x402 protocol ignites market enthusiasm | Gate VIP Weekly Report
Highlights of Last Week's Market Overview
Alpha Mining: BTC has been continuously fluctuating upward after October 20, gradually recovering from a low of $108,000 to above $115,000, presenting an overall structure of “trend bottoming → step-by-step rebound”; ETH has successfully risen above $4,200, reflecting an increase in fund preference and a strengthening rotation of mainstream assets. Among altcoins, H surged over 122.50%, becoming the most eye-catching token; VIRTUAL and ZEC also recorded increases of 102.60% and 54.69%, respectively, rising against the trend in the short term.
On-chain funds: Arbitrum has remained in the top position for several consecutive weeks, with a weekly net inflow of $221 million, far exceeding other public chains. The x402 protocol saw a record high of 932,400 transactions in a single week. Gate Web3 announced the establishment of the “x402 Protocol Zone,” covering the first batch of 10 popular tokens from the x402 ecosystem, with market data and trading functions fully open.
This report will conduct an in-depth analysis of the trends mentioned above and provide detailed market data and technical interpretations. Click to view the full report, accurately grasp market dynamics, obtain forward-looking strategic insights, 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 Institute is a comprehensive blockchain and cryptocurrency research platform that offers readers 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. Users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.