In the past 24 hours, many new hot currencies and topics have appeared in the market, and it is very likely that they will be the next opportunity to make money.
The sectors that need to be focused on in the future: SUI and SUI Ecosystem
The most searched tokens and topics by users are: Delabs Games, Reef Chain, SUI, QNT;
Potential airdrop opportunities include: Story Protocol, Symbiotic;
Data statistics time: September 9, 2024 4: 00 (UTC + 0)
1. Market environment
BTC spot ETF had a net outflow of more than $700 million last week, and market sentiment continued to be low. According to CME Fed Watch data, after the Bureau of Labor Statistics released unemployment data, the probability of the Federal Reserve cutting interest rates by 50 basis points in September dropped to 30%.
However, amid the depressed market sentiment, the circulating market value of stablecoins (excluding algorithmic stablecoins) has quietly risen to an all-time high of $158 Billion. USDT and USDC have each increased their issuance by more than 2.2% in the past month, accumulating strength for future increases.
2. Wealth-making sector
1) Sectors that need to be focused on in the future: SUI and SUI Ecosystem
main reason:
(1) SUI has shown relative stability amid the recent decline, rising 6% in the past month as BTC fell 9% and ETH fell 12%;
(2) SUI has been taking frequent actions recently:
On August 7, Grayscale announced the launch of two new trust funds, Grayscale Sui Trust and Grayscale Bittensor Trust. Grayscale Sui Trust will only invest in Sui network native token SUI. This is the first time that Grayscale has chosen to launch a special investment product around a single Layer 1 after BTC, ETH, SOL, FIL and other Layer 1s.
In early September, SuiPlays Web3 native handheld gaming device SuiPlay 0X 1 was officially launched. The product is expected to be officially released in the first half of 2025. Sui has demonstrated its attitude of accelerating its layout in the gaming field.
Factors affecting the market outlook:
In the short term, the price of SUI is mainly affected by its market maker strategy. In the medium and long term, the markets recognition of SUIs accelerated layout of GameFi, the development of GameFi projects in the SUI ecosystem, and the development of SUI DeFi scale may have a greater impact on the development of SUI.
3. User Hot Searches
1) Popular Dapps
Delabs Games:
Delabs Games is a Web3 game studio whose development principle is to build fun Web3 games from scratch. Since 2021, the team has been building 3 games, Rumble Racing Star, Space Frontier, and Metabolts. Rumble Racing Stars web3 functionality allows players to deeply customize their karts, drivers, and profile pictures (PFP), all of which are available in the form of NFTs. RRS has also partnered with several NFT-based PFP series, including Goblintown, y00ts, a KID named BEAST, Killabears, and Quirkiesby, to use their likenesses as in-game characters. Holders of these collectibles will also receive unique in-game benefits.
2) Twitter
Reef:
Layer 1 public chain Reef launched a $10 million accelerator program to support, incubate and invest in Web3 developers, teams and Reef-based projects in the Middle East. The accelerator program is part of Reefs previous $20 million developer support fund. Reef has recently carried out a lot of community work to promote community activity, developer activity and support for MEME Season. These factors together led to the recent rise in the REEF token.
3) Google Search Region
From a global perspective:
SUI: Mysten Labs co-founder Adeniyi Abiodun said in an interview that his team has completed research on using radio waves to provide offline encrypted transactions, enabling the Sui blockchain to transmit transactions using only long-distance radio, and even compress transactions into smaller text messages. At the same time, the game handheld SuiPlay 0x 1, launched by game startup Playtron in cooperation with Mysten Labs, is now open for pre-order until all available places are sold out. The device costs $600 each (including shipping and taxes) and can be purchased using SUI, ETH, and SOL tokens. These events will play a role in promoting the price of SUI.
From the hot searches in each region:
(1) There is a certain amount of search popularity for old projects in Europe, America and the English region: for example, Quant, Cardano, XEN, SUI, etc. At present, many projects in the crypto market have fallen to a relatively low level. After the project owners announced some positive news at this point in time, the prices of some old projects have rebounded significantly. Users in the European, American and English regions are more interested in these projects, and the search volume has increased due to the obvious rebound in their coin prices;
(2) There are no obvious hot spots in Asia, Latin America and other regions, and the hot search terms are scattered. A few countries mentioned the RUNE ecosystem, Polygon, Avalanche, etc.
Potential Airdrop Opportunities
Story Protocol
Story Protocol is an IP management protocol. The project aims to change the way humans record history by leveraging blockchain technology, recording content and IP on various blockchains and connecting them.
The project recently completed a $80 million Series B financing led by a16z Crypto, with other participating institutions including Foresight Ventures, Hashed, etc. As of now, PIP Labs, the open team behind Story Protocol, has raised $140 million, with a valuation of $2.25 billion. The market attention is very high, and it may become a leading project in the new track of blockchain.
Specific participation method: Story Protocol has cooperated with multiple projects, including Colormp, etc. Users can participate in the Launch NFT casting of these projects, and continue to maintain project progress and complete corresponding tasks, and may obtain future IP token airdrops.
Symbiotic
Symbiotic is a general purpose restaking project that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It provides a method for decentralized applications, called Active Validation Services or AVS, to collectively ensure the security of each other.
Symbiotic recently completed its seed round of financing, with Paradigm and Cyber Fund participating in the investment, with a financing amount of US$5.8 million.
How to participate: Go to the project’s official website, link your wallet, and deposit ETH and ETH LSD assets.
Original link: https://www.bitget.fit/zh-CN/research/articles/12560603815390
【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.
