October 22 Market Dynamics: Bitcoin makes minor adjustments, altcoins generally decline, U.S. stocks performance is mixed, Nvidia's stock price hits a new high

I. Market Dynamics

1. BTC is adjusting, and altcoins are generally falling. Every time ETH is pumped, it's like a doomsday vehicle.

2. U.S stocks fluctuated, with Nvidia hitting a new high.

II. Market Focus

1. The value of NFT's APE has increased, but the sustainability of APE chain's MEME is not strong.

2. AI MEME’s GOAT, FARTCOIN, SLOP, GNON and others have strongly rebounded with GOAT leading the way. The emerging narrative of AI MEME is stronger than ORDI mainly because it’s recognized by both East and West cultures. Cryptocurrency in the long run seems more suitable as currency for silicon-based life (AI), rather than carbon-based life (humans).

3. CAT from MEME has surged significantly; Smith Cat is an airdrop project on BSC chain related to FLOKI.

4.The SCROLL airdrop on L2 only had 5% community ratio in its first round which was basically counterproductive.