In the past 24 hours, the market has seen several new trending cryptocurrencies and topics that could potentially be the next wealth-building opportunities. These include the following:
1. Strong wealth-building sectors: Gaming, Meme, and Rune sectors.
– Gaming sector: NOT, ALICE, PORTAL
– Meme sector: PEOPLE, LADYS
– Rune sector: DOG, RUNECOIN, SATOSHI•NAKAMOTO
2. User hot searches and topics: UXLINK, GME, ALICE
3. Potential airdrop opportunities: Bedrock, Nile Exchange
Market Environment:
Yesterday, BTC price showed an upward breakthrough trend after a period of low volatility, briefly surpassing $70,000 before retracting to around $69,000. The ETH/BTC exchange rate has retraced to the support level of 0.054. The implied volatility of BTC and ETH is 52 and 65, respectively. Generally, the implied volatility of ETH is 10 higher than that of BTC, indicating a potential rise in the ETH/BTC exchange rate. It is advisable to continue monitoring trading opportunities in ETH.
On a macro level, the weakening US PMI data suggests a risk of economic recession in the United States. The 10-year US Treasury yield has declined to around 4.4%, resulting in a drop in the US dollar index. This is favorable for the cryptocurrency market in the short term. The New York Stock Exchange experienced trading failures, causing stocks such as Berkshire Hathaway to show a decline of over 99%. This led cryptocurrency traders to seek short-term safe havens, contributing to the market’s top and subsequent decline.
Wealth-building sectors:
1. Gaming sector:
– NOT experienced a surge in trading volume, with a five-fold increase in price from its bottom of $0.005 over the past week. This attracted capital inflows and attention from the market.
– ALICE showed significant inflows of hot money based on contract data, with a large amount of capital buying in.
– NOT rose by over 80% in the past three days, ALICE rose by 60% in the past three days, and PORTAL rose by 20% in the past three days.
– Potential factors influencing future trends:
– Technical indicators: In a bull market, every pullback after a token’s price surge is an entry opportunity. It is recommended to buy hot tokens when they pull back to the bottom line of the Bollinger Bands and sell after the token breaks through the top line. This strategy generally carries lower risk and higher returns compared to holding spot positions.
– Changes in open interest: ALICE experienced a significant increase in open interest in contract data yesterday, with a net purchase of $5 million worth of tokens, equivalent to a net purchase of approximately $10 million by major funds. This indicates the entry of major funds. Subsequent attention should be paid to changes in open interest to determine if there is a net increase in long positions.
2. Meme sector:
– PEOPLE and LADYS are currently the most relevant tokens to the upcoming US presidential election, as supported by mainstream CEX platforms. These tokens have attracted high community attention.
– Institutional involvement: DWF announced a $5 million investment in LADYS, driving the hotness of related assets.
– PEOPLE rose by 40% in the past seven days, while LADYS rose by 11% in the past seven days.
– Potential factors influencing future trends:
– US election process: Monitor the impact of the US election process on this sector. If positive news emerges, PEOPLE and LADYS may experience an early rise.
– Dynamics of major funds: Monitor the continuous inflow of major funds through contract data and primary market news. Generally, a sudden significant increase in open interest in contracts indicates the core criterion for major fund entry. Pay attention to the dynamics of contract indicators.
3. Key sector to watch: Rune sector
– With BTC’s short-term breakthrough of $70,000 and the recovery of the BTC ecosystem, Rune tokens have potential for speculation as a new asset type.
– Specific token list:
– DOG: A project created by renowned KOL and ord.io builder Leonidas, with a well-operated community and strong purchasing power.
– RUNECOIN: Rune recently launched and airdropped tokens to players amidst high transaction fees. The project has abundant funding and has previously collaborated with 9GAGMEMELand for stake activities, demonstrating knowledge in token operations.
– SATOSHI•NAKAMOTO: The project has seen an increase in on-chain activity, with trading volume reaching $10 million yesterday and the number of holders reaching 18,000. It has a strong community base and high popularity.
User Hot Searches:
1. Popular Dapp:
– UXLink: UXLINK announced the completion of the first season of community airdrop snapshots on the X platform, covering over 1.5 million independent addresses within the community. According to DappRadar and TON on-chain data, UXLINK has 1.5 million independent addresses holding on-chain NFTs ($UXLINK token airdrop certificates), which is comparable to the current number of independent addresses holding NOTCOIN tokens, surpassing the 220,000 independent addresses before NOTCOIN token listing. UXLINK also ranked first in Unique Active Users data on Arbitrum’s Dapp for multiple days.
2. Twitter:
– GME: Retail investor icon Roaring Kitty posted a screenshot of his positions on Reddit, showing holdings of GME stocks and GME call options expiring on June 21, 2024. Roaring Kitty’s tweet featuring a “flip card” from the UNO card game sparked market discussions. GME, KITTY, and other GameStop-related tokens experienced a short-term surge.
3. Google Search (Global):
– ALICE: MyNeighborAlice (ALICE), a GameFi project, experienced a significant increase yesterday, leading to a rise in several mid-to-low market cap GameFi tokens.
– OMG, WAVES, XEM: Binance announced the delisting of OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) on June 17, 2024.
Google Search (Regional):
– Global: NOTCOIN (NOT) stood out as the most prominent hot search in Asia. Additionally, the hybrid exchange Blum, which previously gained high popularity in the CIS region with the “CeDeFi concept,” has also appeared in some Asian countries’ hot searches.
– Europe and America: TON ecosystem drew attention. Apart from TON and NOT, the unreleased meme tokens Hamster Kombat, ZACK, CWIF, and PEW also appeared in hot searches in multiple European and American countries.
– CIS region: The Bitcoin ecosystem project Babylon ranked first in Russia’s hot search list yesterday.
Potential Airdrop Opportunities:
1. Bedrock:
– Bedrock is a multi-asset liquidity re-collateralization protocol that originated with the institution-level liquidity re-collateralization token uniETH on EigenLayer. It later expanded to become the first and largest liquidity re-collateralization protocol on the IoTeX network. It will introduce the protocol before the launch of the Babylon mainnet and support liquidity collateralization of Bitcoin uniBTC.
– Bedrock’s Total Value Locked (TVL) has exceeded $200 million, with a strong lineup of backers, including OKX Ventures, LongHash Ventures, and Comma 3 Ventures as lead investors, as well as Waterdrop Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and Babylon co-founder Fisher Yu as angel investors.
– How to participate: If you hold ETH or IOTX, you can stake them in Bedrock as uniETH or uniIOTX to receive staking rewards and future Bedrock airdrops. If you hold wBTC, you can stake it in Bedrock as uniBTC to receive staking rewards, Babylon airdrops, and Bedrock airdrops.
2. Nile Exchange:
– Nile is a centralized liquidity DEX on Linea that combines incentivization measures with centralized liquidity to achieve higher levels of capital efficiency. As a sister branch of RAMSES on Arbitrum, Nile inherits the proprietary centralized liquidity ve(3, 3) implementation mechanism. Nile Exchange is one of the eligible protocols in Linea’s “The Surge” event, where providing liquidity to the Nile protocol can earn Linea’s LXP-L points.
– How to participate: On the Linea mainnet, deposit LP positions of weETH/ETH, wrsETH/ETH, ezETH/ETH, and USDC/USDT into Nile to earn a high APY and multiple points from Linea.
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[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. The responsibility for investment decisions lies with the individual.