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 relatively strong wealth-creating effects are: Meme sector, AI sector, and ETH ecological projects
Hot search tokens and topics by users: Jumper.Exchange, Ethereum, PEPE
Potential airdrop opportunities include: Kiloex, Owlto Finance
Data statistics time: July 17, 2024 4: 00 (UTC + 0)
1. Market environment
In the past 24 hours, BTC has formed a unilateral upward trend, and the price of BTC has continued to rise from $64,000 to the current level of $66,000. On July 16, 9 US spot Bitcoin ETFs increased their holdings by 5,383 BTC (US$342.5 million). Following the shooting of Trump at the weekend, the market has been hyped about the election concept meme, and a large number of new meme coins with related themes have emerged on the chain. At the same time, the AI sector has also rebounded with the market.
In the market, according to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has told asset management companies that the U.S. spot Ethereum ETF may be launched on July 23. The U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management companies to start trading Ethereum spot ETFs starting next Tuesday, and a total of eight asset management companies hope to launch such funds.
2. Wealth-making sector
1) Sector changes: AI sector (WLD, TAO, NEAR)
main reason:
According to the official Worldcoin blog, Tools for Humanity announced the extension of the token lock-up period for early Worldcoin contributors. Starting July 24, 2024, the WLD token lock-up period for Tools for Humanity team members and investors will be extended from the original 3 years to 5 years.
Rising situation: WLD rose for two consecutive days, up +24% in the past 24 hours. TAO rose 7%, and NEAR rose 5%;
Factors affecting the market outlook:
Large financing information in the primary market: ETHCC was held in Brussels as scheduled, and participating institutions paid attention to the primary trends of the AI sector. Sentient, an AI Model-related research project, completed a financing of US$85 million, and the market once again paid attention to the effective combination of AI ecology and blockchain.
Good news released: Near and WLD and other recent projects have some good news, and the market response is good. Previously, the WorldCoin Foundation announced that it will launch the World Chain public chain based on , and there may be new progress in the next two months. Worldcoin developers are also trying to cooperate with PayPal and OpenAI;
2) Sector changes: Meme sector (PEPE, WIF, FLOKI)
main reason:
The core topic of this round of bull market is that institutional and retail investors do not take over each other. Retail investors prefer MEME tokens that are fairly distributed and easy to understand, including this round of MEME kings PEPE, WOJAK, WIF, FLOKI, etc. Retail investors pursuit of such MEME coins and the release of relevant signals by related hype groups have made this round of MEME performance exceptionally outstanding.
Rising situation: PEPE, WIF, and FLOKI rose by 6%, 7%, and 6% respectively within 24 hours;
Factors affecting the market outlook:
Community information: The operation of Meme coin has a great impact on the trend of Meme. Pay attention to the AMA and Twitter content information of the trading target. If there is new news, you can trade in time and seize the opportunity to build a position at the first time;
Increase or decrease in open interest: The contract data on the tv.coinglass website can be used to understand the movement of major funds. In the past 24 hours, the open interest of PEPE has surged by 30%, mainly due to the increase in net long positions. The account long-short ratio has fallen below 1, indicating that major funds have opened long positions in PEPE through contracts. In the future, we can continue to pay attention to changes in contract data.
3) Sectors that need to be focused on in the future: ETH ecosystem projects (UNI, LDO, PEPE)
main reason:
The S-1 filing of the ETH spot ETF may be officially launched in the U.S. capital market on July 23, and ETH ecological assets may have room for speculation. Recently, the track has experienced a large correction and has fallen out of layout space;
Specific currency list:
UNI: The first DeFi Swap project on blockchain applications. Uniswap’s average daily revenue in the past was around $1 million, which is a considerable income.
LDO: The leading LSD project in the ETH ecosystem, with a TVL of 29.6 billion US dollars and a valuation of less than 1.8 billion US dollars, is relatively undervalued;
PEPE: Currently, it is the most hyped meme coin in the ETH ecosystem. It has a very strong community foundation and is likely to continue to rise along with the ETH price.
3. User Hot Searches
1) Popular Dapps
Jumper.Exchange:
The cross-chain aggregator LI.FI officially issued a statement confirming that the protocol had been attacked, reminding users who had set unlimited approval to cancel the contract authorization immediately. The losses caused by the vulnerability attack have exceeded 10 million US dollars. The investigation is still ongoing, and users are advised to cancel the authorization as soon as possible.
2) Twitter
Ethereum:
According to WSJ, people familiar with the matter said that the SEC has informed several asset management companies that the first batch of spot Ethereum ETFs may be launched next Tuesday (July 23). After asset management companies submit the last round of filings this week, the agency is expected to announce the effectiveness of the ETF registration statement next Monday. Once the statement takes effect, the spot Ethereum ETF can begin trading, and users can pay attention to Ethereum ecosystem-related tokens in advance.
3) Google Search Region
From a global perspective:
Pepe coin:
Yesterday, meme coins rose due to the recovery of the market. Pepe rose by more than 26% on the day. As funds concentrated in Pepe, Pepes volume and price rose, and the trading volume rose by 62.8% on the day. Some smart money began to buy this token. Crypto investment institution Nascent has withdrawn a total of 7.73 million US dollars worth of PEPE in one month. Users can pay attention to related transactions.
From the hot searches in each region:
(1) There was no obvious commonality in the hot searches in various regions in Asia yesterday. It is worth noting that due to the approaching airdrop of the second season of etherfi tokens, Indonesia began to pay attention to ETHFI.
(2) Meme tokens are still the main search terms in many European and American countries. The United States focuses on boden, France focuses on maga, and dog-related meme tokens such as floki and shiba also appear in the hot searches of the United States, Switzerland, Poland and other countries.
Potential Airdrop Opportunities
Kiloex
The exclusive airdrop event jointly organized by the perpetual contract DEX KiloEx and Binance Web3 Wallet has officially started. Binance wallet users only need to stake in the KiloEx profit pool on the opBNB chain and complete a leveraged transaction on KiloEx to share a total of 3,750,000 KILO tokens. The event will run from July 16 to July 30.
Specific ways to participate: 1) Trade in the derivatives market. On this platform, you can open both long and short orders in the same currency to prevent trading losses. You can get 35 points for every $1,000 traded. 2) It is recommended to choose opBNB or Manta chain for trading. The fee rate is lower than that of BNB chain. 3) When it comes to financial management to obtain points, you should pay attention to the premium of kUSD. If the price of kUSD falls, there will be a loss when redeeming it, so you need to judge for yourself whether to participate in financial management.
Owlto Finance
Owlto Finance is a decentralized Cross-Rollup cross-chain bridge focusing on Layer 2. Currently, it supports users to cross-chain between more than 15 L2s including Ethereum mainnet, zkSync Era, Starknet, etc.
Owlto Finance today launched the Owlmazing Summer cross-chain event, which will last for four weeks. The top 1,000 users on the weekly points list will be able to engrave NFTs enabled by Owlto airdrops for free. In addition, there is a chance to win a mysterious grand prize by collecting four different NFTs.
The specific participation methods are: 1. Owlto has launched the Owlto Solana Bridger NFT, and WIF, BOME, and Solana Mobile 2 holders can directly receive NFT airdrops; 2. NFT minting qualifications can also be obtained by conducting Solana cross-chain on the Owlto platform; 3. All new Solana address users will also receive additional Owlto activation subsidies.
Original link: https://www.bitget.com/zh-CN/research/articles/12560603812933
【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.
