In the past 24 hours, the market has seen a number of new popular coins and topics, which could potentially be the next wealth-building opportunity.
Bitcoin has experienced a rise and fall in the past 24 hours due to the ZRO token, with the price remaining relatively stable compared to yesterday. The U.S. Commodity Futures Trading Commission (CFTC) is currently investigating Jump Crypto. The following are the highlights:
Strong wealth-building sectors: AI sector, TON ecosystem sector;
Popular tokens and topics among users: Particle Network, Artificial Superintelligence Alliance (ASI), Lista;
Potential airdrop opportunities: Nifty Island, Eigenpie
Data statistics time: June 21, 2024, 4:00 (UTC+0)
I. Market Environment
In the past 24 hours, Bitcoin reached a peak of around 1.5% at $66,300, while Ethereum rose 2% to $3,600. However, the market fell in the early Asian trading session due to the continuous selling pressure from the ZRO token. The prices remained relatively stable compared to yesterday. AI concept tokens in the field of artificial intelligence technology have surged by 30% in the past 24 hours. Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN are leading the way, with an average increase of 15% in this sector. Prior to this, the stock price of chip manufacturer Nvidia (NVDA) also rose, with a 5% increase since Monday, making it the largest company by market capitalization globally.
According to Fortune’s report, the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto. It is currently unclear whether the CFTC is considering any charges against the company.
II. Wealth-Building Sectors
1) Sector Dynamics: AI sector (FET, AGIX, OCEAN)
Main reasons:
With NVDA becoming the world’s highest-valued company, the popularity of related companies in the AI field has further increased. In the field of cryptocurrency assets, the Artificial Superintelligence Alliance announced significant progress and updates regarding the merger of ASI tokens. AGIX and OCEAN will be converted into FET starting from July 1, and then transition into ASI tokens, stimulating the price increase of related concept tokens FET, AGIX, and OCEAN.
Price increase situation:
In the past 24 hours, FET, AGIX, and OCEAN have increased by 4.2%, 2.9%, and 1.78% respectively.
Factors affecting future market:
Project’s own development: The main task for most AI projects at the moment is to capture more users and gain more market share. Similar to the consumer goods sector, profits can only be generated in the future by getting users to use their AI services and creating stickiness. Therefore, project teams need to intensify their efforts in product development and community management.
Overall valuation of the AI sector: As the U.S. stock market giants Microsoft, Apple, and Nvidia continue to raise market valuations and reshape the valuation through AI, the market is constantly refining the redefinition of the current valuations of these stock market giants. After mature commercial institutions can redefine the valuations of such AI companies, it is believed that the valuation of AI projects in the cryptocurrency industry will also be redefined, and a market with valuation recovery will emerge.
2) Key sectors to pay attention to: TON ecosystem
Main reasons:
Pantera’s investment in TON is expected to exceed $250 million, making it the largest investment in cryptocurrency in Pantera’s history.
TON’s price has remained strong and stable, even as other altcoins experienced significant declines.
TON network’s Total Value Locked (TVL) has surpassed $600 million, reaching $611 million, a new historical high. Among them, the TON ecosystem DEX protocol DeDust has seen a 54.43% increase in TVL in the past week, becoming the largest protocol in terms of TVL.
TON’s on-chain USDT authorization has increased to approximately $580 million, currently ranking as the sixth-largest blockchain in terms of USDT issuance, second only to Tron, Ethereum, Solana, Avalanche, and Omni.
Specific project list:
TON: Native token of the TON chain, currently listed on OKX, Bitget, and other exchanges.
FISH: Top meme token in the TON ecosystem.
REDO: Dog-themed meme coin on the TON chain, currently the highest trading volume in the TON ecosystem meme tokens.
III. User Hot Searches
1) Popular Dapp
Particle Network
Modular blockchain Particle Network has announced the completion of a $15 million Series A funding round, led by Spartan Group and Gumi Cryptos Capital. Other participants include SevenX Ventures, Morningstar Ventures, Flow Traders, and HashKey Capital. This funding round brings Particle’s total funding amount to $25 million.
2) Twitter
Artificial Superintelligence Alliance (ASI):
Yesterday, the AI Superintelligence Alliance announced that the ASI token merger plan will be implemented starting from July 1. In the first phase, AGIX and OCEAN will be temporarily merged into FET, and later converted into ASI. Deposits and withdrawals of AGIX and Ocean have been closed on various exchanges, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET is open on the SingularityDAO dApp, allowing holders to convert their tokens to FET. The exchange rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET. The final conversion rate is 1 FET to 1 ASI.
3) Google Search Trends by Region
From a global perspective:
Lista: The liquidity staking and decentralized stablecoin protocol Lista (LISTA) previously conducted a Binance Lista Megadrop starting from May 30, 2024, and launched the LISTA token TGE and airdrop on June 20. Users have 30 days to claim the airdrop. The official announcement regarding the airdrop application process will be made before June 20. It ranked high on Twitter’s trending list yesterday and has performed well since its listing.
From regional search trends:
(1) In the Asian region, AI projects stand out, mainly due to the strong performance of AI-related projects such as FET, AGIX, and OCEAN in the past 24 hours.
(2) The focus of attention in the European, American, English-speaking, and CIS regions varies, mainly on recent major airdrop projects and memecoins. This includes topics such as Monad, FLOKI, and RWA, with no clear unified trend.
IV. Potential Airdrop Opportunities
EIGENPIE
Eigenpie is a re-staking SubDAO that provides an opportunity for Liquid Stake token holders to re-stake their assets and expand their profit potential. By creating dedicated liquid staking versions for each LST accepted on our platform, Eigenpie effectively isolates the risks associated with any specific LST.
The project’s TVL has just surpassed the $1 billion mark, and the valuation in this sector is relatively high, offering good potential airdrop returns.
Specific participation method: Log in to the project’s website and stake ETH, swETH, and other LSD assets into Eigenlayer through the protocol. Alternatively, you can directly delegate the voting rights of Eigenlayer tokens to Eigenpie.
Nifty Island
Nifty Island, which launched its public beta version as early as January this year, is a game with a Sandbox-style and incorporates creative styles from Roblox and Fortnite.
The Nifty Island airdrop activity has already started to incentivize community users to earn ISLAND tokens. According to the airdrop rules posted on their official social media accounts, users will be rewarded with points based on factors such as the time they spend playing the game, the number of recommended players, and their ownership of relevant NFT assets in their online wallets.
Specific participation method: 1) Create a game account and start building islands according to the game guide; 2) Earn more ISLAND by completing challenges or increasing island traffic.
For more information, please visit Bitget Research Institute: https://www.bitget.fit/zh-CN/research
Bitget Research Institute focuses on “Focusing on on-chain data, mining valuable assets” and provides institutional-level insights for cryptocurrency enthusiasts by monitoring on-chain data, regional search trends, and other dimensions to discover cutting-edge value investments. It has provided early-stage value assets in popular sectors such as Arbitrum Ecosystem, AI Ecosystem, and SHIB Ecosystem for Bitget’s global users, creating better wealth effects through data-driven in-depth research.
[Disclaimer] There are risks in the market, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Users are responsible for their own investment decisions.
