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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
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Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Analysis: Which Crypto Narratives Have Performed Best in the Past Q2
Cryptocurrency is a "narrative" game. But narratives are constantly changing, and narrative trends are constantly evolving.
The second quarter of 2023 is coming to an end, and the crypto market has been pretty bearish most of the time. Which narratives performed best?
On-chain analyst Crypto Kroyo charted 20 narratives into a dashboard and analyzed the data.
** Weekly Average Return **
Trading volume on DEX
Proportion of transactions per narrative
analyze
The LSD L2 narrative is the winner in the last 3 months, led by Pendle and new projects like Lybra, Tenet, etc.
Meme 2.0 has experienced a typical pump and dump, with most tokens down over 80% from their April highs.
As expected, tokens with larger market caps are less volatile, and vice versa.
However, the market rebounded last week. With Bitcoin ETFs and BlackRock fueling the market rally, DeFi blue chips are outperforming every other narrative, which is a very rare phenomenon.
RWA narratives led by Centrifuge (CGF) and Maple (MPI) also performed well.
Notably, Meme 2.0 has also seen a backlash.
Coins with larger market capitalizations largely dominate in terms of daily trading volume. Nothing special to watch. (Note that the data is from CMC, it is not clear whether transactions on DEX are included).
in conclusion
It's not a bull market yet, so we don't see a narrative clearly outperforming the general trend.
The outperformance of LSD L2 was skewed as many projects were launched in Q2, but it's still a narrative to watch.
DeFi blue chips have performed relatively well in both bearish (minor retracement over the past 3 months) and bullish (minor gains over the past few days) periods. Given the uncertainty of market conditions, it would be wise to place a higher allocation on the DeFi blue chip narrative. (CRV, AAVE, COMP...)