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:
The sectors with strong wealth-creating effects are: BTC Inscription Project, Tomarket;
The most searched tokens and topics by users are: Ethervista (VISTA), IDEX, REEF;
Potential airdrop opportunities include: Ethena Season 3, Pencils Protocol;
Data statistics time: September 3, 2024 4: 00 (UTC + 0)
1. Market environment
In the past 24 hours, the price of BTC has fluctuated upward and is currently fluctuating around $59,000. According to data from Alternative.me, the panic index has fallen to 26, which is in a panic stage. The total market open interest has increased by 3%, and the contract funding rate of BTC and ETH is less than 5% annualized. The willingness of funds to rebound through contract gaming is relatively obvious.
From a macro perspective, the Nasdaq futures index fluctuated slightly. After the U.S. stock market closed on Monday, it is expected to maintain a volatile trend on Tuesday. Pay attention to the inflow and outflow of BTC and ETH ETFs on Tuesday to judge the recent trend. The United States will release the initial unemployment claims data on Thursday and the unemployment rate data on Friday. These two data are important indicators affecting the extent of the Feds interest rate cut in September. It is expected that the data will not be significantly better/weaker than expected, but the market may have risk aversion before the data is released, resulting in an unfavorable correction.
2. Wealth-making sector
1) Sector changes: BTC inscriptions (ORDI, SATS, RATS)
main reason:
BTC hit the support level of 57,000 USD yesterday and then began to rebound, rising by nearly 4% in 24 hours, driving the return of ecological asset popularity;
The open interest of ORDI, SATS and RATS 24-hour contracts increased by 40%, 21% and 16% respectively, with speculative funds pouring in;
Increase: ORDI, SATS, RATS rose by 21%, 15%, and 16% in the past 24 hours
Factors affecting the market outlook:
BTC price trend: Whether the popularity of the BTC inscription track can continue is highly correlated with the BTC trend. If BTC can maintain a periodic rebound trend, it can continue to increase/hold related inscription assets.
Changes in open interest: The 24-hour open interest of the ORDI contract pair increased by 40%. The price of ORDI 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) Projects that need to be focused on in the future: Tomarket
main reason:
Tomarket is a Telegram Bot jointly incubated by Bitget Wallet and Foresight Ventures. After the product was launched, it has been widely recognized by the community. As of now, Tomarkets traffic has surged to over 18 million users and 6 million DAU. It may become the next Notcoin and is one of the most watched projects in the market.
Related product information:
Twitter: The project has 1.1 million followers on Twitter, and a single tweet has been viewed more than 800,000 times, with extremely high market attention;
Telegram subscription bar: Project TG’s subscription bar has 7.5 million subscribers, and a single post has been viewed more than 3 million times;
Good product quality: Participate in daily check-ins and tasks, invite new users, and Tap 2 Farm to earn TOMATO points;
3. User Hot Searches
1) Popular Dapps
Ethervista (VISTA):
VISTA tokens surged 10 times yesterday. Ethervista bills itself as the new standard for DEX and aims to challenge existing platforms such as Uniswap. In addition to being a DEX, it also plans to have more functions that are not fully open, including flash loans, futures contracts, lending, etc. The project party or related addresses were found to be related to ETHs early whales and an assistant professor from ETH Zurich, which increased the mystery and discussion of the project.
2) Twitter
Ethena (ENA):
Ethenas second season airdrop has ended. The points for the third season airdrop will automatically start accumulating on September 2. The third season airdrop will last for 6 months until March 23, 2025. In the second season airdrop, 5% of the total supply of ENA will be distributed as rewards. Users will be able to visit the designated website on September 9 to view the amount of ENA they will receive, and claim their ENA on September 30.
3) Google Search Region
From a global perspective:
IDEX、REEF：
IDEX (IDEX) is a hybrid liquidity decentralized exchange, an old project that conducted TGE in 2019; Reef (REEF) is a Layer 1 blockchain based on Substrate, an old project that conducted TGE in 2020. There have been no major announcements from IDEX and REEF recently, but REEF has risen by more than 30% in the past 24 hours.
From the hot searches in each region:
(1) There are no obvious hot spots in Europe, America and the English region. The hot search tokens in different countries and regions are different, such as Switzerland: TRON, TAO, LIME, Spain: QUBIC, TON, DOGS, PEPE, VELO, DOT, France: PEPE, REEF, OLAS, FLOKI, BLUM, Australia: TRON, ADA, UK: UNI, DOGE...
(2) The situation in Asia, Latin America and other regions is similar to that in Europe and the United States. There are no obvious hot spots and the hot search terms are scattered.
Potential Airdrop Opportunities
Ethena
Ethenas second season airdrop has ended, and points for the third season airdrop have automatically started accumulating on September 2. The third season airdrop will last for 6 months until March 23, 2025. In the second season airdrop, 5% of the total supply of ENA was distributed as rewards. Users will be able to visit the designated website on September 9 to view the amount of ENA they will receive, and claim their ENA on September 30.
Specific operation methods: (1) You can obtain points through various methods such as Restake ENA on Mellow/Symbiotic, Lock ENA, Lock USDe, Buy and hold USDe, Stake and hold sUSDe, etc.; (2) The more mainstream method is to stake USDT and other assets in exchange for USDe, and then lock USDe into sUSDe or put USDe into other cooperation agreements. If you hold an ENA position, you can pledge ENA to get double points.
Pencils Protocol
Scroll ecosystem project Pencils Protocol has just announced a new round of financing with a valuation of US$80 million, with Taisu Ventures, DePIN X, Bing Ventures and Black GM Capital participating. Previously in May this year, Pencils Protocol completed a seed round of financing of US$2.1 million, with investors including OKX Ventures, Animoca Brands, etc.
Specific participation method: Stake USDC, USDT, ETH, ETH LST and other tokens in the farming section of Pencils to obtain points. At the same time, Pencils Protocol has quarterly activities, and participating in these activities can get additional rewards, such as boosted points or specific NFTs.
Original link: https://www.bitget.fit/zh-CN/research/articles/12560603815180
【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.
