Crypto Market Weekly Report: Highlights and Concerns in a Falling Trend

This week, the crypto market is showing a rapid fall trend overall, with the market sentiment index plummeting from 33% to 11%. The market capitalization of stablecoins has stagnated, indicating that institutional funds are starting to withdraw. The panic sentiment in the market is mainly due to a large-scale asset theft incident encountered by a trading platform, as well as inflation and economic recession concerns triggered by policy changes.

Market Prediction

bullish underlying

1. LTC: Rising against the trend, mainly benefiting from the increased expectations for the approval of the LTC ETF.

2. S: The Sonic ecosystem attracts users through high APY, driving up the price of S tokens.

3. SOSO: The SoSoValue project flexibly adjusts its development direction and launches high-yield mining activities to attract users.

4. BERA: Berachain attracts capital inflow and drives up the price of BERA by increasing the yield of on-chain projects.

bearish underlying

1. ETH: Due to security incidents, the market has concerns about ETH.

2. SOL: The meme coin craze has subsided, resulting in a significant decline in Solana's ecosystem TVL and trading volume.

3. ADA: The TVL on the Cardano chain has significantly fallen, and the activity of ecosystem projects has decreased.

4. AI: Sleepless AI and the Gamefi sector have encountered a significant fall and are about to face token unlock.

5. TKO: Affected by the security incident of the exchange, coupled with the upcoming large-scale token unlock.

6. RUNE: THORChain trading volume may fall, the market has negative sentiment towards it.

Hot Track Analysis

Sonic

The TVL of Sonic chain continues to grow, reaching $683 million, with a growth rate of 10.32%. Its token S rose 7.63% this week. The main reason is that on-chain projects offer high APY to attract users. The key to future development lies in maintaining the efficient drive of the economic flywheel and the continuous innovation of on-chain projects.

Berachain

Berachain TVL increased by 4.66%, reaching $3.194 billion, ranking sixth among public chain TVLs. The price of BERA tokens rose by 7.26%. The growth is mainly driven by the high APY offered by on-chain projects. Future development needs to focus on the emergence of new projects and changes in on-chain yields.

Market Theme Overview

This week, the Sociafi sector performed the best, while the PayFi sector performed the worst. In the Sociafi sector, TON and CHZ had relatively small falls, while in the PayFi sector, XRP and XLM had larger falls.

Important Events Next Week

• March 3: US February ISM Manufacturing PMI
• March 5: U.S. February ADP employment figures; Ethereum testnet Pectra upgrade
• March 7: U.S. February non-farm payroll data and unemployment rate

Overall, the current market is in a fall trend, and investors should remain vigilant, closely monitoring market dynamics and changes in macroeconomic data.