In the past 24 hours, many new popular currencies and topics have appeared in the market, and they may be the next opportunity to make money:
The sectors that need to be focused on in the future: ETH ecosystem
The most searched tokens and topics by users are: Fuel Network, VetChain, Blum, RWA;
Potential airdrop opportunities include: Fuel Network, Symbiotic;
Data statistics time: July 15, 2024 4: 00 (UTC + 0)
1. Market environment
BTC spot ETF has seen net inflows for six consecutive working days, the BTC balance in the German government wallet has been cleared, and BTC has risen to a short-term breakout of $62,000. Currently, BlackRocks IBIT and Grayscales GBTC hold 316,284 and 273,726 BTC respectively, exceeding MicroStrategys BTC holdings.
However, in the process of BTC driving the market to rebound, there was no strong rebound track. The AI sector and Solana ecosystem, which had performed well in several rebounds before, did not show strong rebound momentum today. From the fact that the gas fee on the ETH chain is still hovering at 2 gwei, it can be seen that altcoins are still lacking hot spots.
The shooting of Trump over the weekend has boosted the markets hype about election-related memes. A large number of new meme coins with related themes have emerged on the chain, and a large number of PoliFi meme coins have rebounded from the bottom after the incident.
2. Wealth-creating sector
1) Sectors that need to be focused on in the future: ETH ecosystem (LDO, UNI and other blue-chip DeFi and ETH ecosystem high-heat memes, etc.)
main reason:
On July 11, The Block reported that potential Ethereum ETF issuers are eagerly waiting for the U.S. SEC to provide updates on upcoming products. Previously, several institutions submitted revised ETH spot ETF S-1 forms on July 9.
The probability of betting on the prediction platform Polymarket that the Ethereum ETF will be approved by the United States before July 26 is over 82%.
If the ETH spot ETF starts trading, traditional funds can flow into the Ethereum ecosystem through the ETH ETF. Due to the abundant liquidity in the US capital market, the wealth effect caused by the influx of funds in the future is a high-probability event.
Factors affecting the market outlook:
The opening time of ETH spot ETF and the rhythm of news release will have a direct impact on the price of ETH. Whether traditional DeFi projects in the ETH ecosystem, such as LDO and UNI, can take advantage of this opportunity and release favorable news to pull the market will greatly affect the possibility of the opening of the ETH ecosystem altcoin season and the upper limit of speculation. At the same time, the performance of hot memes in the ETH ecosystem, such as PEPE, may determine whether a new round of meme season can be opened again.
3. User Hot Searches
1) Popular Dapps
Fuel Network
Fuel is a UTXO-based modular execution layer that brings globally accessible scale to Ethereum. As a modular execution layer, Fuel can achieve global throughput in a way that a monolithic chain cannot, while inheriting the security of Ethereum. In September 2022, Fuel Labs successfully raised $80 million in a round of financing led by Blockchain Capital and Stratos Technologies. Multiple leading investment institutions invested, such as CoinFund, Bain Capital Crypto and TRGC. Recently, Fuel opened a deposit-earning points plan, which was sought after by users. The cumulative deposit amount on the platform has reached 78.02 million US dollars.
2) Twitter
Aptos
Since the Aptos self-network was launched 19 months ago, 90 improvement proposals have been approved through on-chain governance, playing an important role in promoting the advancement of Web3 technology, including: AIP-11: Aptos token standard using Move Objects, AIP-21: Proposed homogeneous asset standard using Move Objects, AIP-41: Move API for public randomness generation, AIP-26: Quorum Store, AIP-47: Aggregator V2, AIP-62: Wallet standard, AIP-66: Key account. The Aptos developer community continues to grow and innovate.
3) Google Search Region
From a global perspective:
VetChain
VetChain has made a lot of progress in the Internet of Things recently. Recently, through cooperation with UFC, it launched a full set of NFC applications. In addition,
VetChain and NonFungibleBC have collaborated to launch an audiobook on the chain, which has attracted the attention of users. Through actual project progress and iteration, the price of Vet coin has performed strongly recently, rebounding 34.4% in the past 7 days and appearing on Googles hot search trend.
From the hot searches in each region:
(1) In Asian countries, the focus of Google Trends searches on RWA is relatively obvious. Influenced by the market news that MakerDAO said on Thursday that it plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top players in the field, including BlackRocks BUIDL, Superstate and Ondo Finance, have expressed their willingness to actively participate in the plan, RWA searches in many regions have increased significantly.
(2) Hot searches in Europe and the United States pay more attention to recent popular projects, such as Symbiotic; dex Blum, which allows one-click purchase of crypto assets via Telegram, has appeared in hot searches in many countries and has a high popularity.
Potential Airdrop Opportunities
Fuel Network
Fuel is a UTXO-based modular execution layer that brings globally accessible scale to Ethereum. As a modular execution layer, Fuel can achieve global throughput in a way that monolithic chains cannot, while inheriting the security of Ethereum.
In September 2022, Fuel Labs successfully raised $80 million in a round of financing led by Blockchain Capital and Stratos Technologies. Multiple leading investment institutions invested, such as CoinFund, Bain Capital Crypto and TRGC.
Participation method: You can directly deposit the tokens accepted by Fuel into the points you have earned. Participants can earn 1.5 points per day for every $1 they deposit in the following assets:
Points: ETH, WET, eETH, rsETH, rETH, wbETH, USDT, USDC, USDe, sUSDe and stETH; From July 8th to 22nd, depositing ezETH will earn you 3 points per day.
Symbiotic
Symbiotic is a general purpose restaking project that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It provides a method for decentralized applications, called Active Validation Services or AVS, to collectively ensure the security of each other.
Symbiotic recently completed its seed round of financing, with Paradigm and Cyber Fund participating in the investment, with a financing amount of US$5.8 million.
How to participate: Go to the project’s official website, link your wallet, and deposit ETH and ETH LSD assets.
Original link: https://www.bitget.com/zh-CN/research/articles/12560603812729
【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.
