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 opportunities, including:
Strong wealth-building sectors: New public chain sector, AI sector;
User hot search tokens & topics: IO.NET, Hifi Finance, Daddy, Aethir;
Potential airdrop opportunities: Symbiotic, Mezo;
Data statistics time: June 13, 2024, 4:00 (UTC+0)
I. Market Environment
Yesterday, the United States released the latest CPI data at 3.3%, lower than the expected 3.4%, prompting a market rebound. Subsequently, at 2 am Beijing time, the US Federal Reserve’s FOMC meeting released the latest dot plot, which showed that most Fed officials have lowered their expectations for interest rate cuts this year to 1 time, or 25 basis points, erasing all gains in the market after the CPI announcement.
Regarding Bitcoin ETFs, data from yesterday showed that ETF cumulative net purchases amounted to $100 million, reversing two consecutive days of net outflows. From a trading perspective, although the Fed has lowered expectations for interest rate cuts this year, the market still generally believes that there may be two cuts this year. After the release of this data, the market may enter a period of calm, and investors can wait for further signals from the market before making trading decisions.
II. Wealth-Building Sectors
1) Sector Movement: New Public Chain Sector (TON)
Main reasons: Recently, the number of active users on the TON public chain has surpassed Ethereum, due to the seamless integration of Telegram’s massive user base with the TON ecosystem, leading to frequent wealth-building effects on the TON public chain, with demand for TON tokens continuing to rise.
Price increase: TON’s price rose by 8.5% in the past 24 hours;
Factors affecting future market:
Impressive data: TON network activity has been gradually increasing since February, with daily active addresses on TON exceeding Ethereum, TON’s ecosystem TVL surpassing $460 million, reaching a historic high;
Continued ecosystem development: Recently, TON’s ecosystem projects have gained widespread attention from on-chain users, with the wealth-building effect of NOT, users paying more attention to game projects on TON, such as Hamster Kombat, Catizen, etc.
2) Sector Movement: AI Sector (IO, ATH)
Main reasons: IO, ATH, and other recently launched AI infrastructure projects have received widespread attention in the market. These projects, as platforms, can generate relatively stable cash flow, and as AI is a core narrative in the global tech industry, it will continue to raise the valuation of AI projects in the crypto industry.
Price increase: IO rose by 45.8% in the past 24 hours, and ATH rose by 50.6% in the past 24 hours;
Factors affecting the future market:
AI narrative: IO, ATH, and similar projects are all AI computing power supply platforms, belonging to infrastructure projects. If these projects can cooperate with mainstream tech industries, such as Apple, Microsoft, NVIDIA, etc., their token valuation will naturally rise;
Core data for ecosystem development: Platform projects have clear cash flows. If the platform demand can continue to develop healthily and produce stable cash flows, the valuation of platform tokens will enter a positive development stage.
III. User Hot Searches
1) Popular Dapps
IO.NET
The project is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain, combining 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net aggregates resources from underutilized sources. The project was listed on the secondary market in a relatively low market, relatively undervalued, and the price is currently entering an upward trend, with a 24-hour increase of over 50%, ranking among the top 10 in trading volume in the market. The token has been listed on Bitget and is worth continuous attention.
2) Twitter
Hifi Finance (HIFI): An RWA track project, has recently produced more promotional educational videos to help the community better understand RWA and Hifi Finance, maintaining a decent level of operation. The project’s token has had a mediocre recent trend, following the market in a downward adjustment process. There has been a history of sharp rises and falls in the secondary market, making it a target of interest for mainstream funds.
3) Google Search Regions
From a global perspective:
Daddy: The core hype comes from the struggle between Andrew Tate and Ansem, both of whom have launched Daddy tokens in the community. Andrew Tate is a famous American internet celebrity and former professional boxer; Ansem is an early preacher of WIF, with a high influence in the crypto industry and also an amateur boxer. Currently, Tate’s meme coin is outperforming Ansem, attracting high market attention.
Aethir: The project focuses on decentralized real-time content rendering technology; it has decentralized cloud service infrastructure to serve gaming and AI products, positioning itself in second place in the race. The project’s token has been listed at the same time as the leading token io.net in the sector, and both tokens have performed very well, with increasing market trading activity and attention.
Looking at hot searches in various regions:
(1) In the Asian region, “Crypto Crash” and “Why Crypto is Down” are prominent, with the crypto market receiving FOMC and CPI data yesterday, leading to a strong risk-averse sentiment before the data was released.
(2) In Europe and the US, attention is focused on fundamental projects, mainly in AI, DeFi, and ZK, with hot search projects including io.net, ZK, AEVO, UNI, etc.; in addition, this region pays more attention to macroeconomic conditions, with CPI and FOMC appearing on the lists of several European countries.
(3) In the CIS region, the areas of interest are diverse and include projects such as IO, Blast Crypto, ADA, Crypto Whales.
IV. Potential Airdrop Opportunities
Symbiotic
Symbiotic is a universal restaking project that enables decentralized networks to guide powerful, fully sovereign ecosystems. It provides a method for decentralized applications called Active Validation Services or “AVS” to jointly ensure each other’s security.
Symbiotic recently completed a seed round of financing, with investments from Paradigm, Cyber Fund, totaling $5.8 million.
Specific participation method: Visit the project’s official website, link your wallet, and deposit ETH and ETH LSD assets.
Mezo
Mezo is a BTC Layer 2 project that focuses on the BTC ecosystem, helping BTC holders with on-chain transfers, financial management, and driving the development of the BTC DeFi system. Mezo recently announced the completion of a $21 million financing round, with institutions such as Pantera Capital, Hack VC, and Multicoin Capital participating.
The official has publicly announced its BTC asset pledging plan and introduced a Referral mechanism. The project’s airdrop is highly anticipated and is currently in the early stages of operation.
Specific participation method: 1) Visit the project’s official website, find an invite code on Discord; 2) Enter the invite code, link your unisat wallet; 3) Deposit BTC.
Original link: https://www.bitget.com/en/research/articles/12560603811201
[Disclaimer] The market carries risks, 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 situation. Investing based on this information is at your own risk.
