Bitget Research Institute: BWB is launched on Bitget LaunchPad, and the RWA track continues to rise

Written by: Bitget Research Institute

Summary

The crypto market is in a high-level oscillation phase, and the market is waiting for the next release of macro data to guide the market trend:

• The sectors with strong wealth-creating effects are: RWA sector, MEME sector;

• User Hot SearchToken＆Topics: Farcaster、TrueFi、DOG•GO•TO•THE•MOON

• Potential airdrop opportunities include: Scroll, Particle

Data statistics time: 4:00 on May 30, 2024 (UTC+0)

1. Market environment

The crypto market is generally in a high-level oscillation stage. Since the Ethereum ETF was approved, the market has repeatedly confirmed the price support level. The market is waiting for the next change in events or the release of macro data to guide the next trading direction. Investors are advised to pay attention to the PCE data release on Friday, the ECB rate cut on June 6, and the CPI data on June 12.

BTC ETF continues to see capital inflows, with $45 million flowing in yesterday. IBIT’s BTC share has surpassed GBTC. In terms of stablecoins, USDC Treasury minted 250 million new USDC yesterday, and stablecoins continue to see inflows.

2. Wealth-making sector

1) Sector changes: RWA sector (ONDO, TRU, PRCL)

主要原因：本次牛市主要源自于 ETF 带来的传统市场买盘，RWA 作为引入传统金融市场的一种方式，产品更新与融资不断，近期 RWA layer 2 网络 plume network 完成 1000 万美元种子轮融资。另外美众议院金融服务数字资产小组委员会将于下周三举行听证会，讨论将现实世界资产代币化的议题。

Increase situation: ONDO increased by 18.9% in the past 7 days, TRU increased by 70.8%+ in the past 7 days, and PRCL increased by 5.6% in the past 7 days;

Factors affecting the market outlook:

• Positive policy: If the U.S. House of Representatives can release clear regulatory provisions on RWA, it will be fully beneficial to the tokens of this track. Under the clear regulatory framework, the RWA project will develop in a well-ordered manner, stimulating related entrepreneurial projects and already formed leading projects;

• Changes in macro monetary policy: In terms of the macro environment, the rise in the yield of the 10-year U.S. Treasury bond supports the fundamentals of the RWA track; we need to pay attention to the subsequent changes in the U.S. dollar index, U.S. Treasury yields and the crypto market, and dynamically adjust trading strategies;

• Changes in project TVL: RWA track projects are basically supported by TVL. You can pay attention to the changes in TVL of the RWA track. If the TVL of a project continues to rise/suddenly rises, it is usually a signal to buy;

2) Sector changes: MEME sector (WOJAK, FLOKI, WIF)

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.

Increase situation: PEPE increased by 93.9% in the past month, WIF increased by 37.3% in the past month, and FLOKI increased by 51.4% in the past month;

Factors affecting the market outlook:

• CommunityInformation: 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;

• Open Positionscontract量的增减：WIF、FLOKI 的未平仓合约量昨日上涨，说明热钱涌入。通过 tv.coinglass 网站看合约数据了解主力资金的动向，首先看观察合约上净多头的增量有多少；再观察是否形成合约多头净增加、OI 上涨，交易量放大的情况。如果是的话，说明主力持续在买涨，可以持续持有；

3) The following sectors need to be paid attention to: Bitget LaunchPad

Bitget's latest LaunchPad Bitget Wallet Token (BWB) will be available for subscription from 2024.06.01 11:00~2024.06.06 20:00 (UTC+8). This Bitget LaunchPad will be divided into BGB purchase area and USDT purchase area, and the subscription amount is 5 million BWB tokens. Bitget Wallet is a multi-chain Web3 wallet, providing rich and diverse ecological applications and services, including Swap, NFT market, browser and LaunchPad, etc., which are popular among users in the Web3 ecosystem. This LaunchPad is exclusively issued by Bitget, and investors are advised to pay attention.

3. User Hot Searches

1) Popular Dapps

Farcaster (Dapp): Farcaster is a decentralized social network that enables developers to build novel social networks. Users will always be free to move their social identities between applications, and developers will always be free to build applications with new features on the network. On March 31, Farcaster developer Merkle Manufactory is about to complete a round of financing led by Paradigm, with a valuation of approximately US$1 billion. The project has currently developedXiaobai NavigationFor the application, users are advised to download and register an account through the Google store or Apple store to obtain potential airdrop opportunities.

2) Twitter

TrueFi (Token): The project token TRU has performed well recently, and the token price has doubled in the past two weeks. There is no fundamental update on the project at present, mainly due to the recovery of the popularity of the track. The total market value of the project is 300 million US dollars, and the contract data shows the influx of major hot money. The project is a US team and fund, and the users are mainly from Europe and the United States; the product is used for US debt RWA transactions, and the degree of awareness in Europe and CIS is higher. The project may have favorable conditions and continued growth in the future, so you can continue to pay attention.

3) Google Search & Region

From a global perspective:

DOG•GO•TO•THE•MOON (Token): Rune tokens generally rose. On-chain data shows that the top 10 addresses have continued to increase their holdings of DOG chips by more than 4% recently. Big funds are buying DOG. The leading project DOG•GO•TO•THE•MOON has risen by 25% in the past 24 hours. DOG (DOG•GO•TO•THE•MOON) has risen by more than +70% in one week after it was listed on Bitget. Bitget has already listed this asset, so you can pay attention to trading opportunities.

CTK（Token）：Shentu chain is aSafetyofBlockchain, integratedSafetyOracle, Shentu Shield compensation pool and other on-chain functions, and adoptSafety编程语言 DeepSEA。项目代币昨日异动，短期暴涨 100% 以上，交易量放大 250 倍，社区关注度非常高，目前代币有所回落，代币近期波动率比较高，适合专业交易员参与，需要注意风险。

From the hot searches in each region:

(1) Yesterday, various regions in Asia paid attention to Notcoin, mainly focusing on the surge in the price of NOT tokens.

(2) In Europe, America and Latin America, DOG, TRU, PEPE, CTK and SOL appeared on the hot searches in many places.

(3) Assets such as NOTCOIN and CTK appeared in hot searches in the CIS region, the Philippines, Türkiye, Poland, etc.

Potential Airdrop Opportunities

Scroll

Scorll recently launched a points system to prepare for the final sprint of token issuance. The rules of the points system are relatively clear at present. Users can obtain points by staking ETH, LST, various stablecoins, etc., and seize the airdrop opportunity before the final token issuance.

Scroll has raised a total of US$80 million in financing from investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures and Qiming Venture Partners.

参与方式：用户可以登陆 https://scroll.io/sessions 链接自己的钱包，并且按照 Session Zero 的要求完成对应的任务获得积分，即可获得未来的空投奖励。

Particle

Particle is a decentralized leveraged trading protocol that does not require permission and is suitable for any digital asset from tokens to NFTs. There is no price oracle, no counterparty risk, and no forced liquidation. The project is a hot project in the Blast ecosystem, and there are airdrop opportunities for early participation.

Particle completes seed round of financing, with participation from Polychain*, Nascent, Inflection, Neon DAO, Arthur Hayes and other well-known institutions and individuals.

参与方式：用户可以登陆 https://www.duo.exchange/ 链接自己的钱包，质押 Blast 生态中的核心资产（ETH、WETH、USDB、USDe）等即可参与。

The article comes from the Internet:Bitget Research Institute: BWB is launched on Bitget LaunchPad, and the RWA track continues to rise

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