Bitget Research Institute: Top projects continue to issue tokens to absorb liquidity, and the market continues to fall
Written by: Bitget Research Institute
Summary
Bitcoin price rose and then fell within 24 hours due to the continuous blood-sucking of ZRO coin issuance, and the price was basically the same as yesterday. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto. Among them:
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The sectors with relatively strong wealth-creating effects are:AI Section, TON Ecological Section;
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User Hot SearchToken& Topics: Particle Network, Artificial Super Intelligence Alliance ASI, Lista;
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Potential airdrop opportunities include: Nifty Island, Eigenpie
Data statistics time: 4:00 on June 21, 2024 (UTC+0)
1. Market environment
Bitcoin rose by about 1.5% to $66,300 in 24 hours, and Ethereum rose by 2% to $3,600. As ZRO continued to absorb blood from the issuance of coins, the market subsequently fell in the early Asian trading hours. The price was basically the same as yesterday. Artificial Intelligence Technology ConceptTokenIt surged 30% in the past 24 hours. Fetch.ai's FET, SingularityNET's AGIX and Ocean Protocol's OCEAN led the gains, while the sector averaged a 15% increase. Prior to this, chipmaker Nvidia (NVDA) also rose in stock price, which has risen 5% since Monday, making it the world's largest company by market value.
According to Fortune, the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto. It is unclear whether the CFTC is considering filing any charges against the company.
2. Wealth-making sector
1) Sector changes:AI Sector (FET, AGIX, OCEAN)
main reason:
随着 NVDA 登顶全世界市值最高的公司,AI 领域的相关公司热度进一步提升;加密资产领域,Artificial Superintelligence Alliance 宣布关于 ASI Token合并的重大进展和更新,AGIX 和 OCEAN 将于 7 月 1 日起先兑换为 FET,再过渡为 ASI 代币,刺激相关概念代币 FET、AGIX、OCEAN 价格上涨。
Rising situation:
FET, AGIX, and OCEAN have risen by 4.2%, 2.9%, and 1.78% respectively in the past 24 hours;
Factors affecting the market outlook:
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Project development: The main task of most AI projects is to capture more users and gain more market share. Similar to the consumer goods sector, only by allowing users to use the AI services provided by their own platforms and generate stickiness can they create profits in the future, so the project side needs to increase its efforts to operate products and communities.
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Overall valuation of AI track: As the three giants of the US stock market (Microsoft, Apple, and Nvidia) continue to raise their market value and reshape their valuations with the help of AI, the market is also constantly refining the valuation of the current US stock giants in the game. As mature commercial institutions are able to redefine the valuation of such AI companies, I believecryptocurrencyThe valuation of the industry's AI projects will also be redefined, and a valuation repair market will then emerge.
2) The sector that needs to be focused on in the future: TON ecosystem
main reason:
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Pantera’s investment in TON may be at least $250 million, which is the largest investment in Pantera’s history.cryptocurrencyThe biggest investment.
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The price performance of Ton is very strong. When the altcoins fell sharply, the price of the currency remained resistant to decline and performed very stably.
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The TVL of the TON network has exceeded $600 million and is now $611 million, setting a new record. Among them, the TVL of the TON ecosystem DEX protocol DeDust increased by 54.43% in the past week, becoming the largest protocol in the ecosystem in terms of TVL.
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The authorized issuance of USDT on the TON chain has increased to approximately US$580 million, currently the sixth largest USDT issuanceBlockchain, after Tron, Ethereum, Solana, Avalanche and Omni.
Specific project list:
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TON: The native token of the Ton chain, currently available on OKX, Bitget, etc.exchange.
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FISH: Ton ecosystem head meme token.
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REDO: A dog-themed meme coin on the Ton chain, it currently has the highest transaction volume among the Ton ecosystem memes.
3. User Hot Searches
1) Popular Dapps
Particle Network
ModularBlockchain Particle Network announced the completion of a $15 million Series A financing round, which was jointly led by Spartan Group and Gumi Cryptos Capital, with participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital, etc. This round of financing brings Particle's total financing amount to $25 million.
2) Twitter
Artificial Super Intelligence Alliance ASI:
Yesterday, the AI Super Intelligence Alliance tweeted that the ASI token merger plan will be implemented on July 1. In the first phase, AGIX and OCEAN will be temporarily merged into FET, and then converted to ASI later. Deposits and withdrawals of AGIX and Ocean will start on various exchanges.exchangeFET deposits, withdrawals and transactions will continue as usual. The migration platform from AGIX and OCEAN to FET is on SingularityDAO The dApp is open, allowing holders to convert their tokens to FET. The exchange rate between AGIX and FET is 1 AGIX equals 0.433350 FET, and the exchange rate between OCEAN and FET is 1 OCEAN equals 0.433226 FET. The final conversion rate is 1 FET equals 1 ASI.
3) Google Search & Region
From a global perspective:
Lista: Liquidity staking and decentralized stablecoin protocol Lista (LISTA) previously announced that it will start the BInance Lista Megadrop at 08:00 on May 30, 2024, and will start the LISTA token TGE and airdrop on June 20. Users will have 30 days to claim the airdrop. In addition, the official said that the airdrop claim process will be announced before June 20. It ranked high on Twitter's hot search yesterday, and performed well after the secondary launch.
From the hot searches in each region:
(1) AI projects are the most prominent in the hot searches in Asia. The main reason is that in the past 24 hours, AI track projects such as FET, AGIX, and OCEAN have performed well.
(2) The areas of focus in Europe, America, English, and CIS are different. They are mainly some recent large airdrop projects and memecoins, including Monad, FLOKI, RWA, etc., which have made it to the hot search list. There is no obvious trend of unified topics.
Potential Airdrop Opportunities
EIGENPIE
Eigenpie is a re-staking SubDAO, providing Liquid Stake token holders with the opportunity to re-collateralize their assets and expand their profit potential. By creating a dedicated Liquid Replay version for each LST accepted on our platform, Eigenpie effectively isolates the risks associated with any specific LST.
The project’s TVL has just broken through the 1B integer mark. The valuation of this track is relatively high, and the potential airdrop returns are good.
Participation method: Log in to the project website and pledge ETH, swETH and other LSD assets to Eigenlayer through the agreement. In addition, you can also directly delegate Eigenlayer's token voting rights to Eigenpie.
Nifty Island
Nifty Island launched its public beta back in January this year. It is a Sandbox-style game that also incorporates the creative style of Roblox and Fortnite.
Currently, the Nifty Island airdrop activity has begun to encourageCommunityUsers receive ISLAND tokens, and according to the airdrop rules published on its official social media accounts, they will receive tokens based on the time they play the game, the number of players they recommend, and their online presence.walletUsers are rewarded points based on factors such as owning relevant NFT assets.
How to participate: 1) Create a game account and start building an island according to the game guide; 2) Complete the challengeXiaobai NavigationEarn more ISLAND by participating in battles or increasing the number of visitors to the island.
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