In the past 24 hours, many new hot currencies and topics have appeared in the market, and it is very likely that they will be the next opportunity to make money.
Sectors with strong wealth-creating effects are: Ton Ecosystem MEME, GameFi Sectors;
The most searched tokens and topics by users are: MON Protocol, Ultiverse, NOT, Monad;
Potential airdrop opportunities include: Tonstakers, MYX Finance;
Data statistics time: June 3, 2024 4: 00 (UTC + 0)
1. Market environment
Bitcoins trend was relatively flat over the weekend, with prices basically maintaining in the $67,000-69,000 range. But as Notcoin rose, MEME coins on the Ton public chain, such as FISH, REDO, and ANON, collectively rose by more than 50%. At the same time, various risk assets began to fall, including US stocks. Although the Nasdaq index is still close to its historical high, it fell by about 2% this week, while the SP 500 fell by about 1.5%.
US economic data continued to show signs of stagflation, with the core PCE price index rising 2.8% year-on-year in April, in line with expectations and unchanged from the previous month. The Chicago PMI fell to 35.4 in May, below the expected 41 and 37.9 in April. Such a drop was only seen during the worst period of the global financial crisis in 2008-2009 and during the COVID-19 lockdown in March/April 2020.
2. Wealth-making sector
1) Sector changes: Ton Ecosystem MEME (FISH, REDO)
Main reasons: NOT broke through $0.029 and then fell back to $0.024112, and the price of the currency continued to hit a record high. NOTs 24-hour total network transaction volume reached $4.646 billion, ranking fourth in the total network transaction volume after Bitcoin, Ethereum and USDT. Affected by NOT, the Ton ecological meme tokens rose across the board.
Rising situation: FISH rose 155.13% today, and REDO rose 71.68%;
Factors affecting the market outlook:
Trading activity in the future: Currently, the biggest shortcoming of the Ton ecosystem is that there are fewer active traders than other public chains, and the trading volume is not at the same level as other public chains. If the trading volume of ecological tokens continues to rise in the future driven by NOT, the wealth effect will be more significant.
Panteras support for the TON ecosystem in the future: Dan Morehead, founder of Pantera Capital, mentioned on social media that Pantera recently made the largest investment in Telegrams TON blockchain project in the funds history, which has increased the attention paid to the TON ecosystem. If support such as project financing and product launch can be implemented in a timely manner, the prosperity of the TON ecosystem will come faster.
2) Sector changes: GameFi sector (NYAN, ALICE)
Main reason: AI and game distribution platform Ultiverse announced on X platform that the ULTI token generation event (TGE) is coming soon, users can receive airdrops, and announced that it will be listed on OKX. Ultiverses token issuance has triggered a new round of hot spots in blockchain games.
Increase: NYAN increased by 61.92% this month, ALICE increased by 60.56% this month;
Factors affecting the market outlook:
Subsequent funding support: The total number of financings last week was 22, a slight decrease from last week, with a total amount of approximately US$794.48 million and an average financing amount of US$28.7036 million. Among them, other fields accounted for the majority, with relatively more financing in asset management payment, DeFi and infrastructure fields, and the number of financings in Metaverse/Gamefi increased. If the increasing trend can continue, it will be conducive to maintaining the popularity of Gamefi.
Development and expansion of trade unions: In the long-term development, some blockchain game guilds have formed their own unique business models, providing services such as on-chain game NFT asset leasing, game skills training, and dissemination of on-chain transaction knowledge. The expansion of the trade union business model and user scale is conducive to the improvement of blockchain game activity.
3) The sector that needs to be focused on in the future: Bitcoins second-layer public chain
Main reasons: The inscription and rune tracks began to pick up as the price of Bitcoin stabilized. BounceBit rose by more than 50% in the past two weeks. The price of Bitcoins second-layer public chain performed well under the rotation of sectors.
Specific currency list:
CKB: CKB, a Bitcoin Layer 2 project based on the extended protocol RGB++, has always adhered to its original intention in the competition of Layer 2 solutions. It insists on being isomorphic to Bitcoin and further bridges the shortcomings of the Bitcoin ecosystem.
BB: BounceBit is a BTC re-staking public chain. The maximum supply of BB is 2.1 billion, and the initial circulation is 409.5 million. It is a Binance Lab investment project. Binance will list BB after the Megadrop is completed.
MERL: Merlin Chain is currently listed on mainstream exchanges such as OKX. It is a Layer 2 project based on the Bitcoin network. The TVL on Merlin chain has reached 3.1 billion US dollars, making it the project with the highest TVL in Bitcoin L2.
3. User Hot Searches
1) Popular Dapps
MON Protocol
MON Protocol (MON) is a pioneering developer and publisher of blockchain-native IP and games. With a mission to democratize gaming and foster community engagement, Mon Protocol has launched Pixelmon Games, a suite of immersive experiences that has engaged over 1 million web3-savvy gamers and fans.
MON is the native token of Mon Protocol, which opens up endless possibilities in the gaming ecosystem. As the preferred in-game currency for all Pixelmon games, MON facilitates in-game transactions and rewards for players and tournament participants. In addition, MON holders benefit from a decentralized IP licensing process, community airdrops, and governance of IP and ecosystem funds.
As Mon Protocol takes the lead in launching blockchain native IP and gaming giants, Bitget has also launched MON tokens, and investors can trade MON tokens on Bitget.
2) Twitter
Ultiverse
Ultiverse is committed to building an AI-driven gaming world on Web3 that provides a wide range of user experiences. It connects Web3 with an immersive VR-compatible virtual world with AAA quality, using AI technology and cutting-edge Dapps, aiming to create a diverse and inclusive user community.
Ultiverse has raised more than 20 million US dollars through three rounds of financing. Investors in the first two rounds include well-known institutions such as Binance Labs, Sequoia Capital, Foresight Ventures, and Defiance Capita.
Ultiverse is now available on the Bitget pre-market, where users can submit transactions for the Ultiverse token ULTI.
3) Google Search Region
From a global perspective:
Notcoin (NOT): Notcoin is a game based on Telegram, where users can earn in-game tokens by clicking on coin images. Similar to the concept of Tap to Earn. This week, the NOT token has continued to break new highs, with the highest increase in the past week being about 503%.
From the hot searches in each region:
(1) The Asian region generally pays attention to currencies and tracks with high trading popularity, such as Bitcoin, RWA, AI-related, MEME, etc. It can be seen that users in the Asian market generally pay attention to hot spots and like to chase hot trading tokens and tracks.
(2) The attention of Europe and the United States is on the public chains and applications that are highly discussed. Hot searches such as Monad, ICP, TON, FTM, and SUI appear in the search, indicating that English-speaking regions such as Europe and the United States are more concerned about public chains and opportunities at the ecological level.
Potential Airdrop Opportunities
Tonstakers
Tonstakers is the largest liquidity staking service provider in the TON ecosystem. Users can stake TON in the protocol to earn an annualized return of 3.8%. The current project TVL is 240 million US dollars, and the potential valuation is relatively high.
The project has received attention from the Ton Foundation, and currently the protocol has 68,000 pledgers. The project is cooperating with Ton core developers, Tonkeeper, OKX and other institutions, and will be supported in the future coin issuance.
Specific participation methods: 1) Visit the project official website and click stake now; 2) Link the Ton wallet to stake.
MYX Finance
MYX Finance is a decentralized derivatives exchange based on the MPM model, incubated by D 11 Labs. It adopts smart rates and risk hedging mechanisms to ensure protocol stability and provide sustainable high returns.
In November 2023, MYX announced the completion of a $5 million seed round of financing at a valuation of $50 million. This round of financing was led by HongShan (formerly Sequoia China), with participation from Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, Alti 5, Leland Ventures, Cypher Capital, Bing Ventures, Lecca Ventures and others.
How to operate: There is not much difference between the user operation level and the general derivatives DEX. The operations that users can perform are trading, providing LP, etc. Currently, the project integrates Linea and Arbitrum, which can appropriately increase the activity on the Linea chain in order to obtain Linea airdrops in the future.
Original link: https://www.bitget.com/zh-CN/research/articles/12560603810631
【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk.
