In the past 24 hours, the market has seen a number of new popular coins and topics emerge, possibly signaling the next opportunity for wealth creation. Among them are:
Strong wealth creation sectors include: new public chain sector, AI sector;
User hot search tokens & topics include: IO.NET, Hifi Finance, Daddy, Aethir;
Potential airdrop opportunities include: Symbiotic, Mezo;
Data statistics time: June 13, 2024, 4:00 (UTC+0)
I. Market Environment
Yesterday, the United States released the latest CPI data at 3.3%, lower than the expected 3.4%, prompting a market rebound. Subsequently, at 2 am Beijing time, the US Federal Reserve’s FOMC meeting announced the latest dot plot, showing that most Fed officials have lowered their expectations for interest rate cuts this year to once, by 25 basis points, erasing all gains after the CPI announcement.
Regarding Bitcoin ETFs, data from yesterday showed a net inflow of $100 million into ETFs, reversing two consecutive days of net outflows. Despite the Fed lowering expectations for interest rate cuts this year, the market still believes that there may be two cuts this year. After this data is released, the market may enter a period of calm, allowing investors to wait for clearer signals before making trading decisions.
II. Wealth Creation Sectors
1) Sector Dynamics: New Public Chain Sector (TON)
Main reasons: Recently, the number of active users on the TON public chain has exceeded Ethereum, leading to frequent wealth creation effects on the TON public chain due to the seamless integration of Telegram’s large user base with the TON ecosystem, resulting in a continuous increase in demand for TON tokens.
Price increase: TON has risen by 8.5% in the past 24 hours;
Factors affecting the future market:
Impressive data: TON network activity has been increasing since February, with daily active addresses on TON surpassing Ethereum, and TON ecosystem TVL surpassing $460 million, reaching a new high;
Continued ecosystem development: Recently, TON ecosystem projects have gained widespread attention from on-chain users, with users paying more attention to game projects on the TON chain, such as Hamster Kombat, Catizen, etc.
2) Sector Dynamics: AI Sector (IO, ATH)
Main reasons: IO, ATH, and other AI infrastructure projects recently launched have attracted wide market attention. These projects, as platforms, can generate relatively stable cash flow, and the AI sector, as a core narrative in the global tech industry, will continue to raise the valuation of AI projects in the crypto industry.
Price increase: IO has increased by 45.8% in the past 24 hours, and ATH by 50.6%;
Factors affecting the future market:
AI narrative: IO, ATH, and similar projects are AI computing power supply platforms, belonging to infrastructure projects. If these projects can cooperate with mainstream tech industries, such as Apple, Microsoft, Nvidia, the valuation of project tokens will naturally rise;
Core data for ecosystem development: Platform projects have clear cash flow. If platform demand can continue to grow healthily and produce stable cash flow, the valuation of platform tokens will enter a period of positive development.
III. User Hot Searches
1) Popular Dapps
IO.NET
The project is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain, bringing together 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net aggregates resources from underutilized sources. The project was launched on the secondary market during a relatively sluggish market, is relatively undervalued, and is currently entering an uptrend, with a 24-hour increase of over 50%, ranking in the top 10 in trading volume across the market. The token is listed on Bitget and is worth keeping an eye on.
2) Twitter
Hifi Finance (HIFI): An RWA track project that has recently produced more educational videos to help the community better understand RWA and Hifi Finance, maintaining a decent level of operation. The project’s token has had a mediocre recent performance, following the market correction process during a downtrend. It has a history of sharp rises and falls in the secondary market and is a target of interest for major funds.
3) Google Search by Region
Considering the global perspective:
Daddy: The core hype around Daddy comes from the struggle between Andrew Tate and Ansem, both of whom have launched Daddy tokens in the community. Andrew Tate is a famous American internet celebrity and former professional boxer; Ansem is an early preacher of WIF and has a high influence in the crypto industry, also being an amateur boxer. Currently, Tate’s meme coin is outperforming Ansem, attracting significant market attention.
Aethir: The project focuses on decentralized, real-time content rendering technology; it has decentralized cloud service infrastructure that serves games and AI products, positioning itself as a runner-up in the sector. The project’s token was launched at the same time as the leading token io.net in the sector, and both tokens have shown very positive trends, with increasing market trading activity and attention.
Looking at hot searches in various regions:
(1) In the Asian region, “Crypto Crash” and “Why Crypto is Down” are particularly prominent, with the crypto market facing pressure due to the simultaneous release of FOMC and CPI data yesterday, leading to heightened risk aversion before the data was released.
(2) In Europe and the United States, attention is focused on fundamental projects, mainly in AI, DeFi, and ZK, with hot search projects including io.net, ZK, AEVO, UNI, etc. Additionally, this region pays attention to macroeconomic conditions, with CPI and FOMC featuring on the lists of several European countries.
(3) In the CIS region, the focus is more diverse, with projects such as IO, Blast Crypto, ADA, Crypto Whales being highlighted.
IV. Potential Airdrop Opportunities
Symbiotic
Symbiotic is a universal restaking project that enables decentralized networks to guide powerful, fully sovereign ecosystems. It provides a method for decentralized applications called Active Verification Services or “AVS” to jointly ensure each other’s security.
Symbiotic recently completed its seed round of financing, with investments from Paradigm, Cyber Fund, amounting to $5.8 million.
Specific participation method: Visit the official website of the project, link your wallet, deposit ETH and ETH LSD assets.
Mezo
Mezo is a BTC Layer 2 project that mainly focuses on the BTC ecosystem, helping BTC holders with on-chain transfers and financial management, driving the development of the BTC DeFi system. Mezo recently announced the completion of a $21 million financing round, with participating institutions including Pantera Capital, Hack VC, Multicoin Capital, and other top-tier industry players.
The official has publicly disclosed its BTC asset pledging plan and introduced a referral mechanism. The project’s airdrop is expected to be strong and is currently in the early stages of operation.
Specific participation method: 1) Visit the project’s official website, find an invite code on Discord; 2) Enter the invite code, link your Unisat wallet; 3) Deposit BTC.
Original article link: https://www.bitget.com/en-US/research/articles/12560603811201
【Disclaimer】The market carries risks, and investment should be approached with caution. 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.