Market Dynamics on May 7: U.S. stocks rise, optimistic sentiment continues
I. Market Fundamentals
1. BTC is consolidating, while ETH's Gas fee hits a new low for the year.
2. U.S stocks are rising, maintaining an optimistic market atmosphere.
II. Market Highlights
1. Solana's public chain is on the rise, and JUP, WIF, BOME and others in its ecosystem are also increasing accordingly. The mining project ORE won in the Solana Hackathon competition and doubled its price within a day. ORE uses linear mining method and it is estimated that it will take 40 years to mine all 21 million tokens with no upper limit on token supply.
2. ENA steadily grows. It is speculated that exchanges Bn, OKX and ByBit are major investors of ENA which may introduce USDE trading pairs.
3.AI project Commune.AI has seen a significant increase in price doubling its value.Commune.AI is a fork of TAO without pre-mining operations to ensure fairness.
4.The air-drop earnings from the on-chain credit rating platform Spec have been quite substantial with individual accounts receiving hundreds of USDTs.DeFi platform Debank might conduct snapshot air-drop activities; Rabby wallet developed by Chinese team cooperates with Debank .
Address：https://www.j56.xyz/markets/6977.html
