In the past 24 hours, many new popular currencies and topics have appeared in the market, which may be the next opportunity to make money, including:
Sectors with strong wealth-creating effects are: AI DePin sector, Solana ecosystem;
The most popular tokens and topics searched by users are: Orderly Network, Bitget, DOGS, NULS;
Potential airdrop opportunities include: Soneium, Orderly token claiming and staking;
Data statistics time: August 27, 2024 4: 00 (UTC + 0)
1. Market environment
In the past 24 hours, the price of BTC fluctuated downward and is currently stabilizing at $63,000. According to data from Alternative.me, the panic index has recovered to 48, which is in a neutral stage. The total open interest in the market fell by 2%, and the contract funding rate of BTC and ETH is less than 10% annualized. The main traders in the market are in a wait-and-see state.
From a macro perspective, BTC ETF has seen net inflows for eight consecutive trading days, with a total net inflow of more than $700 million. According to Deflama data, the total market value of stablecoins in the crypto market is close to $170 billion, up nearly $5 billion in a month. The influx of traditional funds is very obvious, and the crypto market is expected to see improved liquidity in the future, which may trigger a wave of altcoins. It is recommended to pay attention to the recent trend of altcoins.
2. Wealth-creating sector
1) Sector changes: AI DePin sectors (HNT, AKT)
main reason:
Nvidia released its financial report this week, and the market actively laid out the AI DePin track;
Recently, crypto-related terms such as AI and FET have been on the Google hot search list. AI track projects are the core sectors that European and English users pay attention to, and the market attention is relatively high;
Rising situation: HNT and AKT rose by 12% and 10% respectively in the past 24 hours;
Factors affecting the market outlook:
Nvidias subsequent trend: Nvidia will release its financial report this week. It is recommended to pay close attention to Nvidias financial report data. If the profit situation is better than expected, there is a high probability that the AI track will still have room for growth;
Changes in open interest: The 24-hour open interest of AKT contract trading pairs increased by 22%. The price of AKT was lifted by the influx of hot money. It is recommended to continue to pay attention to changes in the open interest of related underlying assets in the secondary market. If the open interest increases, it means that hot money continues to flow in and can be held.
2) Sectors that need to be focused on in the future: Solana Ecosystem (JUP, WIF, POPCAT)
main reason:
The price of SOL is relatively stable, standing firmly at the integer mark of 150 US dollars; the exchange rate of SOL relative to BTC and ETH in 24 hours has both risen. The setback of TON ecology is relatively good for SOL ecology;
Specific currency list:
JUP: The leading aggregated DEX platform in the Solana ecosystem, with a good position in the ecosystem and a large user base;
WIF: Solana ecosystem’s Meme coin, previously listed on Robinhood. The SOL token rises, and generally the Solana head MEME coin rises faster;
POPCAT: The core meme coin on Solana. The transaction volume has increased recently. The transaction demand is relatively high, and there is room for token layout.
3. User Hot Searches
1) Popular Dapps
Orderly Network:
Orderly Network, a Web3 liquidity provider invested by Pantera Capital, Dragonfly and others, has completed the TGE of its token ORDER. The claim and pledge of airdropped tokens have been launched. The transaction counts of the two related contracts of Orderly Network reached 35,043 and 27,931, ranking third and fifth in terms of active interactions on the ETH chain, respectively.
2) Twitter
Bitget（BGB）：
Orderly Network (ORDER) is launched on Bitget Launchpool. At the same time, Bitget opens the new user pool of PoolX for DOGS. New users can get more than 350% APY by staking USDT to DOGS PoolX. BGB broke through $1 again yesterday and has risen by +130% in the past year.
3) Google Search Region
From a global perspective:
DOGS:
Telegrams high-traffic project DOGS completed TGE, and the total network transaction volume exceeded 2 billion US dollars in just 20 hours. Currently, DOGSs FDV is about $700M, which is 78% of Notcoin (NOT)s FDV.
NULS:
Binance announced the launch of NULS 1-75 times USDT perpetual contracts, and NULS rose by more than 30% within the day. Recently, Binance launched contracts for old coins such as ALPACA, SYS, and RARE, and the tokens were all pulled up.
Potential Airdrop Opportunities
Soneium
Soneium is an Ethereum Layer 2 launched by Sony that will connect blockchain technology (Web3) with everyday Internet services (Web2). It will utilize Optimism Rollup technology and be built using the OP Stack of the Optimism blockchain ecosystem.
Specific participation method: Soneium will launch a test network on August 28, 2024, and test network interaction will be available at that time. Currently, all you can do is learn about the project information and obtain a Discord role first; https://discord.com/invite/soneium.
Orderly Network
Orderly Network is a Web3 liquidity provider, invested by Pantera Capital, Dragonfly, OKX Ventures, Foresight Ventures, etc. Yesterday, ORDER tokens were TGE, the claim and pledge of airdropped tokens were launched, and Bitget has launched ORDER Launchpool.
After claiming the token, staking ORDER/esORDER can obtain Valor and part of Orderlys treasury. Valor can be exchanged for USDC. Previously, Orderly announced that 60% of net fee rewards will be distributed to token stakers. After the token TGE, token rewards can still be obtained on Orderly through transactions, providing MM, etc.
Original link: https://www.bitget.fit/zh-CN/research/articles/12560603814929
【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.
