At the latest interest rate meeting of the Federal Reserve last night, it was announced that the benchmark policy rate would be lowered by 25 basis points, from 4.25% to 4.5%. Although this result was in line with market expectations, the hawkish wording in the statement and the adjustment of economic forecasts had a relatively obvious negative impact on market sentiment.
Todays cryptocurrency market opened in a bleak manner, with the prices of major mainstream and altcoins falling significantly. Bitcoin fell below $100,000 on the morning of the 19th, and Ethereum fell from $3,906 to $3,543. According to Coinglass data, the entire network had a liquidation of $843 million in the past 24 hours, including $743 million in long orders and $100 million in short orders.
However, in the market downturn, AI concept coins represented by ARC and Fartcoin concept coins represented by UFD stood out. Not only were they not affected by the cold market environment, but they rose strongly and set new highs frequently, becoming the two well-deserved golden dogs today.
Although market sentiment is cold today, due to the popularity of high-volume tokens such as Fat Penguin, UFD, and FARTCOIN, the 24-hour trading volume on the Solana chain has increased significantly compared to the previous few days, and the overall market trading volume remains at a high level.
AI Concepts
ARC
ARC is a platform that promotes the development of AI agents using a Rust framework (called RIG). As a tool for the AI field, it is suitable for AI applications that require high optimization and high performance. In the early morning of the 19th, the arc project team revealed the following on Twitter:
1. ARC uses Solana’s “native” Rust language to build an open source AI agent framework. The development language is accessible and will have close cooperation with Solana in the future.
2. There are more than 1,000 stars on GitHub and still increasing.
3. ARC created an agent launchpad and bound the Arc token to each agents lp, which is conducive to integrating the ARC token into the reward mechanism economic model. Therefore, ARC is also called Virtual on Solana.
The above shows that ARC is a team with technology and strength, and is constantly innovating, producing results, and seeking cooperation and development.
In the early morning of the 19th, ARCs market value began to rise and maintained a strong growth momentum. At the same time, the Federal Reserve announced a 25 basis point cut in the benchmark policy rate at its latest interest rate meeting last night. The hawkish wording in the statement and the adjustment of economic forecasts had a negative impact on market sentiment. The prices of Bitcoin, Ethereum, Solana and altcoins all fell significantly. ARC maintained its previous high of 244.6 M in the downward trend of the market and maintained a strong growth momentum, which was extremely impressive.
As a token in the AI Agent field with the highest trading volume for many consecutive days and with strong technical backing, ARC is seen by many investors as having great potential for future development and is expected to lead the trend of a new generation of AI Agents.
Maximum market value: 244.6 M
Current Market Cap: 210.7M
24h trading volume: 49.2M
Todays 12 AM (GMT+ 8) highest profit: 21.69%; current profit: 4.83%
DAIGE
DAIGE is a perceptive AI dog and Doges cyberpunk brother. Its dream is to be adopted by Elon and colonize Mars. DAIGE is an AI product developed based on the Eliza framework. The founding team has more than 7 years of experience in AI and Web3, and has previously launched products in the fields of Optimism, Filecoin, NATO, etc. The highly popular AI+DOGE+Musk Mars concept, coupled with an excellent founding team, has fully stacked DAIGEs buffs. The token quickly rose to 15M within 4 hours after it was issued, and then fell back. The market value has been fluctuating around 6M.
Maximum market value: 15M
Current market value: 6.1M
24h trading volume: 30.2M
Todays 12AM (GMT+8) highest profit: 24.36%; current profit: -21.79%
APPLE
APPLE (dog with apple in mouth) is a popular concept on TikTok. Marc Andreessen, co-founder of a16z, once forwarded a creative video related to APPLE. Relying on the huge influence of the TikTok platform, Apple Dog has spread virally, greatly increasing the popularity of meme tokens. In the early morning of the 19th, adidas released a 5-second Apple Dog video on TikTok, which promoted the rapid rise of APPLE prices and led to a wave of AI-generated cute Apple Dog videos.
Highest market value: 78.9M
Current market value: 38.6M
24h trading volume: 23.8M
Todays 12AM (GMT+8) highest profit: 6.43%; current profit: -8.1%
Concept of Fartcoin
At 8 pm on December 18, Binance announced the second batch of Binance Alpha list, among which was Fartcoin, which has received much attention recently. As soon as the list was announced, UFD, which is related to the Fartcoin concept, rose by as much as 210.76% within 4 hours. Among the imitations that appeared today, FB (Fart Bird) rose to 7.87 M in two hours, showing strong growth momentum.
UFD
UFD, the full name of Unicorn Fart Dust, was issued by a baby boomer who used this coin to prove the value of cryptocurrency, and was nicknamed Lao Tou Le by netizens. The token quickly rose to around 30 M after its release. After the second batch of Binance Alpha list was announced on the evening of December 18, UFD quickly rose to nearly 100 M, and then gradually broke through to around 150 M at noon today, and currently still maintains a large upward momentum.
Maximum market value: 159.1 M
Current Market Cap: 144.7M
24h trading volume: 120.5M
Todays 12 AM (GMT+ 8) highest profit: 70.16%; current profit: 54.76%
FB
FB, FartBird, the story is similar to UFD, the issuer is 63 years old, and the selling point is old man issuing new coins to attract attention, and the coincidence of the token name and the same abbreviation FB of FaceBook is used as a gimmick to promote it. Once the token was released, the market value rose rapidly, reaching 7.87 M within two hours, and then the market value began to fall back, and currently fluctuates around 2 M.
Maximum market value: 7.87M
Current market value: 2.9M
24h trading volume: 24.4M
Today 13AM (GMT+8) (after the market opens) the highest profit of buying: 1024.29%; current profit: 314.29%
