ChaiNext: The old power is exhausted, the new power is not yet born

At 8 o’clock on August 1, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 1063.11 points, an increase of 2.40% in the past 24 hours, with a turnover of 50.879 billion US dollars, an increase of 1.19% from the previous 24 hours. The index component tokens Among them, 47 rose and 53 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 919.71 points, an increase of 2.40% in the past 24 hours, with a turnover of 40.725 billion US dollars, an increase of 0.36% over the previous 24 hours; the Bitcoin bubble index ( BBI Index) reported 76.85 points, an increase of 0.78% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 99.82 points, an increase of 0.64% in the past 24 hours. Yesterday, ETH continued to rise, with a daily increase of more than 6%. BTC and other mainstream currencies followed the increase, but the increase was far less than ETH. From a technical point of view, ETH, the leader of this wave of gains, is already in a serious overbought situation. The increase in transaction volume and the increase in price deviate more and may face greater fluctuations and adjustments in the future. If other currencies do not appear in rotation, they may lose strength.