In the past 24 hours, the market has seen many new popular currencies and topics, which are likely to be the next wealth creation opportunities, including:
Strong wealth creation sectors: New public chain sector, AI sector;
User hot search tokens & topics: IO.NET, Hifi Finance, Daddy, Aethir;
Potential airdrop opportunities: Symbiotic, Mezo;
Data statistics time: June 13, 2024, 4:00 (UTC+0)
Market Environment
Yesterday, the US announced the latest CPI data of 3.3%, lower than the expected 3.4%, leading to a market rebound. Subsequently, at 2 am Beijing time, the Federal Reserve’s FOMC meeting released the latest dot plot, showing that most Fed officials have lowered their expectations of interest rate cuts this year to once, or 25 basis points. The market erased all gains after the CPI announcement.
Bitcoin
Regarding ETFs, data from yesterday showed ETF cumulative net purchases of $100 million, reversing two consecutive days of net outflows. Although the Fed has lowered expectations for interest rate cuts this year, the market generally still believes that there may be two cuts this year. After the release of this data, the market may enter a period of calm, and investors can wait for further clear signals from the market before making trading decisions.
Wealth Creation Sectors
1) Sector Dynamics: New Public Chain Sector (TON)
Main reason: The recent surge in active users on the TON public chain has surpassed Ethereum, leading to frequent wealth creation effects on the TON public chain, with increasing demand for TON tokens.
Price increase: TON rose by 8.5% in the past 24 hours;
Factors affecting future market: TON’s network activity has been gradually increasing since February, with daily active addresses on TON surpassing Ethereum. The TVL of the TON ecosystem has broken through $460 million, reaching a historical high. With the wealth creation effect of NOT, users are paying more attention to game projects on the TON chain, such as Hamster Kombat and Catizen.
2) Sector Dynamics: AI Sector (IO, ATH)
Main reason: IO, ATH, and other recently launched AI infrastructure projects have received widespread market attention. These projects, as platforms, can generate stable cash flow and as the core narrative of the global technology industry, will continue to drive up the valuation of AI projects in the crypto industry.
Price increase: IO rose by 45.8% and ATH rose by 50.6% in the past 24 hours;
Factors affecting future market: Projects like IO and ATH are AI computing power supply platforms, belonging to the infrastructure category. If these projects can cooperate with mainstream tech companies such as Apple, Microsoft, and Nvidia, the project token valuation will naturally increase. Platform projects have clear cash flow, and if platform demand can continue to develop healthily and produce stable cash flow, the valuation of platform tokens will enter a benign development phase.
User Hot Searches
1) Popular Dapp
IO.NET is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain. It aggregates 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net aggregates underutilized resources. The project was launched on the secondary market in a relatively sluggish market and is currently undervalued. The price has entered an upward trend, with a 24-hour increase of over 50%, and the trading volume ranks in the top 10 of the entire market. The token has been listed on Bitget and should be closely monitored.
2) Twitter
Hifi Finance (HIFI): RWA track project that has recently produced more educational videos to help the community better understand RWA and Hifi Finance. The project’s token trend has been average recently, following the market’s general downtrend. The secondary market has a history of sharp rises and falls, attracting the attention of major funds.
3) Google Search & Regional Hot Searches
From a global perspective:
Daddy: The core speculation comes from the struggle between Andrew Tate and Ansem, both of whom have released Daddy tokens in the community. Andrew Tate is a famous American internet celebrity and former professional boxer; Ansem is an early preacher of WIF with a high influence in the crypto industry and is also an amateur boxer. Currently, Tate’s meme coin is outperforming Ansem, attracting high market attention.
Aethir: The project focuses on decentralization and real-time content rendering technology. It provides decentralized cloud service infrastructure for gaming and AI products and ranks second in this field. The project token was launched at the same time as the leading token io.net, and both tokens have performed very well. Market trading activity and attention are gradually increasing.
From regional hot searches:
(1) In the Asian region, “Crypto Crash” and “Why Crypto is Down” are prominent hot searches, as the crypto market faced the FOMC and CPI data yesterday, causing some risk aversion before the data was released.
(2) In Europe and America, projects with fundamentals are the focus, mainly on AI, DeFi, and ZK. Hot search projects include io.net, ZK, AEVO, UNI, etc. Additionally, this region pays attention to macro situations, with CPI and FOMC appearing on the lists of several European countries.
(3) In the CIS region, the focus is broad and includes projects such as IO, Blast Crypto, ADA, and Crypto Whales.
Potential Airdrop Opportunities
Symbiotic
Symbiotic is a universal restaking project that enables decentralized networks to guide powerful, fully sovereign ecosystems. It provides a method for decentralized applications called Active Validation Services or “AVS” to ensure each other’s security.
The Symbiotic project recently completed a seed round of financing with investments from Paradigm and Cyber Fund, totaling $5.8 million.
Specific participation method: Visit the project’s official website, connect your wallet, and deposit ETH and ETH LSD assets.
Mezo
Mezo is a BTC Layer 2 project that focuses on the BTC ecosystem, helping BTC holders with on-chain transfers and financial management to drive the development of the BTC DeFi system. Mezo recently announced the completion of a $21 million financing round with investments from institutions such as Pantera Capital, Hack VC, and Multicoin Capital.
The project has publicly disclosed its BTC asset pledging plan and introduced a referral mechanism. The project’s airdrop expectations are strong, as it is in the early stages of operation.
Specific participation method: 1) Visit the project’s official website and find an invite code on Discord; 2) Enter the invite code, connect the unisat wallet; 3) Deposit BTC.
Tags
2023 Market
ADA
Bitget
SOL
Ethereum
Market
Bitcoin
Projects
Source link:
https://www.bitget.com/zh-CN/research/articles/12560603811201
Note: The views expressed in this article do not constitute investment advice.
Source link: https://www.bitpush.news/articles/6873074
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