In the past week (10.09-10.13), many new popular currencies and topics have appeared in the market.
1.Market Trends
This week (10.09-10.13) the most focused topics in the market are:
Overall U.S. CPI remains unchanged, ETH price hits new low since March
Bigtimes surge online attracted market attention, and the minutes of the Federal Reserve meeting showed that there is still a possibility of raising interest rates.
Cipher tops the ARB user interaction list, and SocialFi projects of various chains continue to gain popularity
The Ethereum Foundation sold 1,700 ETH, and low activity on the chain kept gas in single digits
Base TVL continues to rise as UK implements new financial promotion regime covering crypto sector
2.Popular Projects
The most popular projects this week (10.09-10.13) are:
Bigtime (Token): Big Time is a multiplayer action role-playing game on PC. It is led by the former founder of Mana and has recruited a team of game industry veterans from leading game companies such as Epic Games, Blizzard, EA and Riot. An all-star team formed, initially raising over 90 million U.S. dollars through the sale of NFTs. The tokens were first launched on a number of exchanges including Bitget, OKX, Coinbase, etc., and attracted market attention, driving the overall gaming sector to rise against the trend. ;
SAFEREUM (Token): This project is a decentralized meme coin project. The meme coin issued on Pinksale has a high level of enthusiasm for participation. The original goal was to raise 10 ETH, but it finally raised 267 ETH, an overraise of 26.7 times. There have been relatively good results in recent days. On-chain data shows that the currency holding addresses are 3.54 K, and the transaction volume in the past 24 hours is $5.68 M. The contract has given up Ownership and locked the LP part;
WSM (Token): The most popular MEME token in the crypto community, originated from the Wall Street meme movement. The WallStMemes community has more than 800,000 people. It integrates the humor of meme with Web3 elements. In addition to hyping the value of MEME, the project also provides With the addition of the staking function, the annualized staking income currently exceeds 40%.
LINK (Token): Chainlink has just concluded SmartCon recently. During the conference, Chainlink co-creator Sergey Nazarov talked about LINK’s next important milestone CCIP. Sergey emphasized that CCIP can completely bring quadrillion-level assets, especially funds from traditional banks and traditional transactions, onto the blockchain.
Tip (Token): The socialfi track product is a traffic monetization project. After players bind their Twitter accounts with tipcoin and update their tweets with the Tip tag, they can earn corresponding points, which will correspond to future project airdrops. At present, the project has airdropped coins and Bitget has been launched.
Arbitrum Odyssey - Star NFT V3 (NFT): Arbitrum reopened the Odyssey activity in the second week. Since the Arbitrum official foundation recycled the ARB tokens that were not issued for airdrops and started the Odyssey activity again, there is speculation in the community that it may continue to be used. Airdrop, so there are more participants.
Blur (Dapp): Blur posted Blur Season 2. November 20. on the social platform, implying that Season 2 will usher in an important time node on November 20.
Cipher (Dapp): Cipher is a SocialFi project running on Arbitrum, similar to friend.tech, where users can buy and sell shares of personal accounts called Cores, which are similar to Keys on friend.tech. Due to the earlier announcement of the token airdrop plan, the community was involved in FOMO emotions;
Post.Tech (Dapp): Post.tech is a decentralized social platform where the lines between friends and assets become blurred. Here, user-run networks are transformed into shares or keys that tokenize the trustworthiness of the user and the user’s friends. Each user becomes a tradable social token that can be purchased, held, and even leveraged on their growing reputation;
3. Hot Searches
The most popular topics this week (10.09-10.13) are:
BNT (Token): A token that rose in the concept of the Palestinian-Israeli conflict. Bancors company is located in Tel Aviv, Israel. The founder is Guy Benartzi (a well-known Israeli Internet software entrepreneur and angel investor), and the rising logic of Waves in the Russia-Ukraine war. similar. The trading volume of BNT tokens across the entire network increased by +10784.79% compared to yesterday, with heavy trading volume. A wallet suspected of being Upbit has accumulated 4.71 million BNT in the past 11 hours, accounting for 3.3% of the total supply. With the support of Korean funds, there may be continued currency price speculation, and the token price has increased by 40% in the past 24 hours.
BIGTIME (Token): Big Time is a multiplayer action role-playing game on PC. It is led by the former founder of Mana and has recruited a team of game industry veterans from leading game companies such as Epic Games, Blizzard, EA and Riot. An all-star team formed, initially raising over 90 million US dollars in funds through selling NFTs. The tokens were first launched on many exchanges including Bitget, OKX, Coinbase, etc., and were subsequently launched on the Binance contract, and the tokens appeared in the secondary market. A 5-fold increase, with the entire network’s transaction volume reaching US$250 million;
USDR (Token): A stablecoin asset issued by Tangible. All the DAI assets in the contract yesterday were withdrawn and exhausted, causing USDR to be instantly unanchored. The project currently cannot guarantee that the USDR stablecoin is fully mortgaged, and the risk is high. You can continue to pay attention to the development of the project.
DOT (Token): There have been new developments in Polkadot governance recently. The community proposed to adjust the ideal pledge rate to encourage staking to cope with the upcoming unlocking of 100 million DOTs. At the same time, the Polkadot development organization Web3 Foundation announced a new plan to release 2000 tokens in 2024. million CHF and 5 million DOT tokens to fuel community-driven growth;
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[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
