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:
Sectors with strong wealth-creating effects are: AI sector, Solana Meme coin;
Hot searched tokens and topics by users are: Particle Network, TON, Gary Gensler, Tron Network;
Potential airdrop opportunities include: Gatto, Bcoin 2048;
Data statistics time: August 20, 2024 4: 00 (UTC + 0)
1. Market environment
In the past 24 hours, BTC prices fluctuated upward. In one hour, BTC prices rebounded sharply by 1,000 points, causing short positions to be liquidated in a short period of time. The crypto market sentiment has recovered. According to data from Alternative.me, the panic index has recovered to 30. Although it is still in the panic stage, the panic sentiment has eased compared with the previous two weeks. The market may maintain a rebound for several trading days.
From a macro perspective, the Jackson Hole meeting will be held this week. The market consensus is that the rate cut will be in September, but the possibility of a risk-averse pullback cannot be ruled out. The US dollar index fell below the integer mark of 102, and the 10-year Treasury yield fluctuated around 3.88%. The market ushered in a key window for trading rate cuts, and the Nasdaq monthly line began to reverse from a decline to an increase, leading the overall rebound of the risk market. The macro environment is conducive to the continued rise of crypto assets, and the market may usher in a good opportunity to invest in spot assets.
2. Wealth-making sector
1) Sector changes: AI sector (NMR, FET, TAO)
main reason:
Numerai recently held a data competition for Crypto Factor Modeling, and the project continues to deepen its presence in the AI field. FET successfully completed a merger before, and was exposed by New to The Street media yesterday.
AI track projects are the core sector that European and English users pay attention to. Recently, crypto-related terms such as AI and FET have been listed on Googles hot searches;
Rising situation: NMR, FET, and TAO rose by 28%, 11%, and 6.5% respectively in the past 24 hours;
Factors affecting the market outlook:
Nvidias subsequent trend: Nvidia is a bellwether of the AI track, affecting the markets overall valuation of the AI track. If Nvidia continues to rebound in the U.S. stock market tomorrow, the AI sector of the crypto market is expected to continue to rebound;
Impact of news: Pay attention to the product updates and partnerships recently promoted by the project party. If an AMA is held, you can consider deploying related assets in advance, because there is a high probability that good news will be released in the near future using the improved liquidity environment.
2) The sectors that need to be focused on in the future: SOL Meme Coin (WIF, BONK, POPCAT)
main reason:
The price of SOL is relatively stable, standing firmly at the integer mark of 140 US dollars, and may break through 150 US dollars in the near future; the trading volume of DEX on Solana has reached a new high recently, and the funds are relatively active, driving the rise of ecological projects;
Specific currency list:
WIF: Solana ecosystem’s Meme coin, previously listed on Robinhood. The SOL token rises, and generally the Solana head MEME coin rises faster;
BONK, POPCAT: The core meme coins on Solana. The transaction volume has increased recently. The transaction demand is relatively high, and there is room for token layout.
3. User Hot Searches
1) Popular Dapps
Particle Network:
Particle Network is an L1 solution that unifies all blockchains through universal accounts, aiming to solve the user and liquidity fragmentation problem in Web3. Previously, Binance Labs announced its investment in Particle Network. Recently, Particle Network announced that the first joint testnet (Co-Testnet) of the Chain Abstraction Alliance is now online. As the first step to unify all chains, it is working with Berachain. As Particle Network announced its financing information and the launch of the testnet, it has attracted a large number of users to participate.
2) Twitter
TON:
The market focuses on the high-traffic Telegram Mini Bot project DOGS in the TON ecosystem. The airdrop of DOGS will end on August 22, and TGE will be held on August 23. DOGS has supported direct pre-charge of airdrops to Bitget. The TON ecosystem continues to expand in many aspects, and there have been several major developments recently: former members of the TON Foundation established TON Ventures with an initial fund size of US$40 million; TON hinted that the Bitcoin network bridge TON Teleport BTC token to be launched will be named tgBTC; Injective announced its integration with the TON ecosystem.
3) Google Search Region
From a global perspective:
Gary Gensler:
Media reports say that if US Vice President Harris wins the presidential election in November this year, she plans to nominate US SEC Chairman Gary Gensler as Treasury Secretary.
Tron:
Since the launch of SunPump, more than 11,000 Meme coins have been created on the Tron chain, with revenue exceeding 4 million TRX. IntoTheBlock posted on the X platform that the number of transactions in the TRON ecosystem with a value between $100-10,000 has increased by 124%, and this increase may be due to the launch of SunPump.
From the hot searches in each region:
(1) Asia: Singapore users showed interest in AI tokens, with OLAS and FET on the hot search list; the top three hot searches in Japan were NXRA, TAIKO, and BOME; the keyword RWA appeared in the hot searches in Hong Kong.
(2) CIS region: Hot searches still revolve around the TON ecosystem, with Blum, Tapswap, TON, etc. on the hot searches in the region.
(3) Latin America: Dog-related memes appeared on trending searches in many countries, including FLOKI, SHIB, and BONK.
Potential Airdrop Opportunities
Gatto
Telegram Mini App game, pet training, high game completion. Announced on Twitter to cooperate with DWF, it is one of the 11 projects selected from the 170 projects in the TON accelerator.
The project previously topped the P2E list of Telegram Apps Center and ranked third on The Open Legend list, with high traffic in the CIS region.
Specific participation methods: Upgrade pets by taking care of them, participate in stadium games, and collect rewards to gain gold coins and experience. Pets can be converted into NFTs and sold. Players can choose to buy them for free or with real money, and there will be opportunities to receive token airdrops in the future.
Bcoin 2048
The Telegram Mini App version of the 2048 game has built-in mechanisms such as watching ads to revive and completing tasks to get rewards. On August 4, the project officially disclosed data: 4M+ total users, 41M games.
Specific participation method: The gameplay is the same as the 2048 casual game. You can get points by playing games and completing tasks, etc. You will have the opportunity to receive token airdrops in the future.
Original link: https://www.bitget.fit/zh-CN/research/articles/12560603814584
【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.
