In the past 24 hours, the market has seen a number of new popular coins and topics, which could potentially be the next wealth creation opportunity.
Bitcoin experienced a rise and fall in the past 24 hours due to the ZRO token’s continuous drain on the market. The price remained relatively stable compared to yesterday. The U.S. Commodity Futures Trading Commission (CFTC) is currently investigating Jump Crypto.
The sectors with strong wealth creation effects are the AI sector and the TON ecosystem sector. The top trending tokens and topics among users are Particle Network, Artificial Superintelligence Alliance (ASI), and Lista. Potential airdrop opportunities include Nifty Island and Eigenpie.
Data statistics as of June 21, 2024, 4:00 (UTC+0).
I. Market Environment
In the past 24 hours, Bitcoin reached a peak increase of about 1.5% to $66,300, while Ethereum rose 2% to $3,600. However, due to the ZRO token’s continuous drain, the market subsequently fell during the Asian morning session. The price remained relatively stable compared to yesterday. Tokens related to artificial intelligence technology saw a surge of 30% in the past 24 hours. FET from Fetch.ai, AGIX from SingularityNET, and OCEAN from Ocean Protocol led the way, with an average increase of 15% in this sector. Prior to this, the stock price of chip manufacturer Nvidia (NVDA) also rose, with a 5% increase since Monday, making it the world’s largest company by market capitalization.
According to Fortune, the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto. It is currently unclear whether the CFTC is considering any charges against the company.
II. Wealth Creation Sectors
1) Sector Focus: AI Sector (FET, AGIX, OCEAN)
Main Reasons:
With NVDA becoming the world’s largest company by market capitalization, the popularity of companies related to AI has further increased. In the cryptocurrency field, the Artificial Superintelligence Alliance has announced significant progress and updates regarding the merger of ASI tokens. AGIX and OCEAN will be converted to FET from July 1, and then transition to ASI tokens, stimulating the rise in prices of related concept tokens FET, AGIX, and OCEAN.
Price Increases:
In the past 24 hours, FET, AGIX, and OCEAN have increased by 4.2%, 2.9%, and 1.78% respectively.
Factors Affecting Future Market:
Project Development: The main task for most AI projects at the moment is to attract more users and gain more market share. Similar to the consumer goods sector, profitability can only be achieved if users use the AI services provided by the platform and create stickiness. Therefore, project teams need to intensify their efforts in product development and community management.
Overall Valuation of AI Track: As the U.S. stock market giants Microsoft, Apple, and Nvidia continue to raise their market values and redefine valuations with the help of AI, the market is continuously improving the redefinition of valuations for current U.S. stock giants. After mature commercial institutions can redefine the valuation of such AI enterprises, it is believed that the valuation of AI projects in the cryptocurrency industry will also be redefined, leading to a market trend of valuation recovery.
2) Sectors to Be Focused on in the Future: TON Ecosystem
Main Reasons:
Pantera’s investment in TON may exceed $250 million, making it the largest investment in cryptocurrencies in Pantera’s history. The price of TON has remained resilient, showing stability even during the significant decline of altcoins. TON Network’s Total Value Locked (TVL) has exceeded $600 million, reaching $611 million, a new historical high. Among them, the TON ecosystem’s DEX protocol DeDust has seen a TVL increase of 54.43% in the past week, becoming the largest protocol in terms of TVL in the ecosystem. The on-chain supply of USDT on the TON blockchain has increased to approximately $580 million, making it the sixth-largest blockchain in terms of USDT supply, following Tron, Ethereum, Solana, Avalanche, and Omni.
Specific Project List:
TON: The native token of the TON blockchain, currently listed on exchanges such as OKX and Bitget.
FISH: A leading meme token in the TON ecosystem.
REDO: A meme coin on the TON blockchain with a dog theme, currently having the highest trading volume among meme coins in the TON ecosystem.
III. User Trends
1) Popular Dapp
Particle Network
Modular blockchain Particle Network announced the completion of a $15 million Series A funding round, with Spartan Group and Gumi Cryptos Capital leading the investment. Other participants include SevenX Ventures, Morningstar Ventures, Flow Traders, and HashKey Capital. This funding round brings Particle’s total funding amount to $25 million.
2) Twitter
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Artificial Superintelligence Alliance (ASI):
Yesterday, the AI Superintelligence Alliance tweeted that the ASI token merger plan will be implemented starting from July 1. In the first phase, AGIX and OCEAN will be temporarily merged into FET, which will later be converted to ASI. Deposits and withdrawals of AGIX and Ocean will be closed on various exchanges, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET will be open on the SingularityDAO dApp, allowing holders to convert their tokens to FET. The exchange rate is 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET. The final conversion rate will be 1 FET to 1 ASI.
3) Google Search by Region
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Global Trends:
Lista: The liquidity staking and decentralized stablecoin protocol Lista (LISTA) previously conducted a Binance Lista Megadrop starting from May 30, 2024, at 08:00. The LISTA token TGE and airdrop were launched on June 20, allowing users 30 days to claim the airdrop. The official announcement of the airdrop claim process will be made before June 20. It ranked high in Twitter trends yesterday and has performed well since its secondary listing.
Regional Trends:
(1) In the Asian region, AI projects are prominent in the trends, mainly due to the good performance of AI track projects such as FET, AGIX, and OCEAN in the past 24 hours.
(2) The areas of focus in Europe, America, English-speaking regions, and the CIS region are different, mainly highlighting recent airdrop projects and memecoins. This includes topics such as Monad, FLOKI, and RWA, with no clear unified trend.
IV. Potential Airdrop Opportunities
EIGENPIE
Eigenpie is a re-staking SubDAO that provides an opportunity for Liquid Stake token holders to re-stake their assets and expand their profit potential. By creating dedicated liquid staking versions for each LST accepted on our platform, Eigenpie effectively isolates the risks associated with any specific LST.
The project’s TVL has just surpassed the $1 billion mark, indicating a relatively high valuation in this sector and potential airdrop returns.
Specific Participation Method: Log in to the project’s website and stake ETH, swETH, and other LSD assets into Eigenlayer through the protocol. Alternatively, you can directly delegate the voting rights of Eigenlayer tokens to Eigenpie.
Nifty Island
Nifty Island, which launched its public testing version as early as January this year, is a game similar to the Sandbox style, incorporating creative styles from Roblox and Fortnite.
The Nifty Island airdrop activity has already started to incentivize community users to obtain ISLAND tokens. According to the official social media accounts, users will be rewarded with points based on factors such as the time they spend playing the game, the number of players they recommend, and the NFT assets they hold in their online wallets.
Specific Participation Method: 1) Create a game account and start building islands according to the game guide. 2) Earn more ISLAND by completing challenges or increasing island traffic.
For more information from Bitget Research Institute, visit: [Link]
The Bitget Research Institute focuses on “focusing on on-chain data and mining valuable assets” and provides institutional-level insights for cryptocurrency enthusiasts by monitoring real-time on-chain data and regional trends. It has provided early-stage value assets in popular sectors such as Arbitrum Ecosystem, AI Ecosystem, and SHIB Ecosystem to Bitget’s global users, creating higher-quality wealth effects through data-driven in-depth research.
[Disclaimer] The market carries risks, and investment should be cautious. 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. Users are responsible for their own investment decisions.
