In the past 24 hours, the market has seen a number of new popular coins and topics emerge, which could potentially be the next wealth-building opportunity. Among them:
The sectors with strong wealth-building effects are: blue-chip public chain sector, ETH ecological projects
User hot search tokens & topics are: UXLINK, ZKSYNC, IO.Net
Potential airdrop opportunities include: Nile Exchange, Spark
Data statistics time: June 12, 2024, at 4:00 (UTC+0)
I. Market Environment
Early yesterday morning, Bitcoin fell to 66032 USDT in intraday trading, dropping over 5.5% in 24 hours, and rebounded to 67500 USDT early this morning. The daily volatility is high, with a total of 255 million USD in liquidations across the network in the past 24 hours, with long liquidations accounting for 236 million USD and short liquidations for 19.5956 million USD. The main liquidations are long positions, with the US stock market fluctuating, and the overall market is cautious as it awaits the FOMC meeting and CPI inflation data in the US tonight.
Yesterday (June 11th, US Eastern Time), Bitcoin spot ETF continued to see net outflows, totaling 200 million USD, ending 19 consecutive trading days of net inflows. Grayscale ETF GBTC saw a net outflow of 121 million USD in a single day, bringing the historical net outflow of GBTC to 18.093 billion USD. Recent wealth effects have been seen in some new coins, such as the rise of NOT after listing on BN, including the newly listed IO yesterday. Investors should continue to pay attention to new coins and the market of some blue-chip public chain ecosystems.
II. Wealth-building Sectors
1) Sector dynamics: Blue-chip public chain sector (FTM, TON)
Main reasons: TON ecosystem and FTM ecosystem are actively operating the community and releasing new project progress updates, and the wealth effect will circulate within their ecosystems, creating potential buying pressure for these public chain assets.
Price movements: FTM saw a slight rebound to $0.65 yesterday; TON hovered around $7 again;
Factors affecting future trends:
Outstanding data in all aspects: TON network activity has been gradually increasing since February, with the daily active address count of TON exceeding that of Ethereum. TON ecosystem TVL has surpassed 4.6 billion USD, reaching a historical high;
Continued focus on ecosystem development: Yesterday, the Fantom Foundation released the second Sonic governance proposal, including airdropping S tokens to Opera and Sonic users, and planning to adopt a mechanism to increase activity and TVL. The TON ecosystem also announced the start of the TON OpenLeague season 4 starting at 19:00, launching enhanced pools on STON.fi and DeDust, and offering over 1.8 million USD in rewards over the next two weeks. Users can earn rewards by maintaining on-chain activity and providing liquidity.
2) Sectors to focus on next: ETH ecological projects
Main reasons: ETH spot ETF may yield results at the end of June/beginning of July, providing speculative opportunities for ETH ecological assets. Recently, this track has seen a significant pullback, creating opportunities for entry.
Specific coin list:
UNI: The first DeFi Swap project on the blockchain, Uniswap generated 2.02 million USD in fees in the past 24 hours, with substantial income;
LDO: The leading LSD project in the ETH ecosystem, with a TVL of up to 34.4 billion USD and a valuation of less than 2 billion USD, is in a relatively undervalued state;
PENDLE: TVL of the project has been rising continuously, with TVL currently reaching 6.6 billion USD, as the total market value of stablecoins rises and the popularity of the Restaking track increases, leading to increased demand for PENDLE’s business in the bull market;
III. User Hot Searches
1) Popular Dapps
UXLINK: UXLINK is a groundbreaking web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a series of highly modular Dapps, seamlessly integrated into Telegram, covering everything from beginners to graphics, group tools to social trading. UXLINK recently announced fundraising, with SevenX Ventures, Ince Capital, HashKey Capital leading the investment, raising a total of 15 million USD. The Web3 social infrastructure project UXLINK issues the “IN UXLINK WE TRUST” series NFTs as airdrop vouchers, and due to the high fundraising, users may consider participating in their airdrop activities.
2) Twitter
ZKSYNC: ZKsync launched an airdrop query interface yesterday, with many users on Twitter expressing dissatisfaction at not receiving the airdrop despite meeting the requirements. ZKsync explained that not meeting one or more airdrop criteria does not mean a legitimate right or demand to receive the airdrop, and all decisions related to airdrop distribution are made by the ZKsync Association. ZKsync (ZK) is currently trading at around $0.35 off-exchange, with a drop of over 40% in the past 24 hours.
3) Google Search by Region
From a global perspective:
IO.Net: This project is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain, pooling together 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net aggregates resources from underutilized sources. In addition, Bitget will launch PoolX today, allowing users to stake IO for native currency returns, with a total prize pool of 100,000 USD worth of IO, mining from June 12th at 16:00 to June 22nd at 16:00 (UTC+8).
In terms of regional hot searches:
(1) There is a significant divergence in hot searches in English-speaking regions, with the US focusing mainly on meme tokens, with hot search tokens such as pepe, floki, and boden. However, Australia and the UK are more focused on public chain projects, with more mentions of public chains such as monad, icp, and sui.
(2) European regions are focused on projects with fundamentals, mainly public chains and some mainstream altcoins, with hot search projects including Solana, Ethereum, Uniswap, and Rndr.
(3) The CIS region is focused on opportunities in the TON ecosystem and DePIN, with high frequencies of mentions of Notcoin and Grass.
IV. Potential Airdrop Opportunities
Nile Exchange
Nile is a centralized liquidity DEX on Linea that combines incentive measures with centralized liquidity to achieve higher levels of capital efficiency. As a sister branch of RAMSES on Arbitrum, NILE inherits the proprietary centralized liquidity ve(3,3) implementation mechanism. Nile Exchange is one of the Eligible Protocols in Linea’s The Surge event, providing liquidity to the Nile protocol can earn Linea points LXP-L.
Specific operations: On the Linea mainnet, deposit LP positions of weETH/ETH, wrsETH/ETH, ezETH/ETH, USDC/USDT to Nile to earn a higher APY and multiple points.
Spark
Spark Protocol is a lending market launched by MakerDAO, integrating direct lending functionality in MakerDAO. Through Spark, users can borrow DAI using assets such as ETH, stETH, sDAI, etc.
Spark announced the upcoming launch of the SPK token pre-mining season 2, which will be distributed to SparkLend users on Ethereum who meet the conditions. The second pre-mining season started on May 20th UTC time and will end when SPK and Spark SubDAO are launched.
Specific participation method: Refer to the project announcement, specific criteria include the amount of ETH deposited by the user, the amount of DAI borrowed, and the duration of ETH deposits or DAI borrowing positions.
Original Article Link:
https://www.bitget.com/en/research/articles/12560603811062
【Disclaimer】The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this information is at your own risk.
