Coin World Report:
In the past 24 hours, there have been many new popular coins and topics in the market, which are likely to be the next wealth-making opportunities.
Written by: Bitget Research Institute
Summary:
BTC prices have risen by 9% in the past 7 days, with a net inflow of $397 million for BTC spot ETFs last week. The ETH/BTC exchange rate has returned to 0.04, and ETH on-chain gas has increased to around 20gwei. The TVL of the SUI ecosystem has reached a historical high of $900 million, and the market continues to speculate on the concept of “Solana killer.”
Key sectors and subsequent sectors worth focusing on are: SUI ecosystem, Solana ecosystem.
User trending tokens & topics are: EARNM, PENDLE, GRASS.
Potential airdrop opportunities: Story Protocol, Fuel Network.
Data statistics time: September 23, 2024, 4:00 (UTC+0)
I. Market Environment
BTC spot ETFs had a net inflow on 4 out of the past 5 working days, with a net inflow of $397 million last week. BTC prices have risen by 9% in the past week and are currently fluctuating between $62,000 and $64,500. The ETH/BTC exchange rate has rebounded to 0.04, and ETH on-chain gas has increased to above 20gwei.
The TVL of the SUI ecosystem has reached a historical high of $900 million, and the price of SUI has risen by 48% in the past 7 days. The market is speculating on the concept of “SUI becoming the Solana killer.” The Solana Breakpoint 2024 conference has ended, and many project parties have announced new plans and major product iterations at the conference. This has not had a significant impact on the price of SOL, but it has laid a good foundation for the long-term development of the Solana ecosystem.
II. Wealth-making sectors
1) Sector dynamics: SUI ecosystem
Main reasons:
The TVL of the SUI ecosystem has reached a historical high, and the market is speculating on the concept of “SUI becoming the Solana killer.” Sui’s underlying technology, such as its unique object model and Move programming language, provides an efficient and secure platform, which has attracted developers and projects.
Rise situation:
In the past 7 days, SUI has risen by 48%, CETUS, NAVX, SCA have risen by 50%, 93%, and 19% respectively.
Factors affecting the future market:
In fact, the SUI ecosystem has not yet formed a strong moat or killer-level application. The trading activity within the ecosystem is not high at present. In the short term, the price may be speculated, but in the long term, the price will still need support from fundamental and significant progress in products to continue to rise. After 7 days, SUI will face a $100 million unlocking, and the price may fluctuate significantly before and after the unlocking.
2) Subsequent sectors worth watching: SOL and Solana ecosystem
Main reasons:
The Solana Breakpoint 2024 conference has ended, and many project parties have announced new plans and major product iterations, such as:
(1) Solayer announced at the Solana Breakpoint conference that it will cooperate with OpenEden to launch the stablecoin SUSDC.
(2) Magic Eden announced the launch of the ME token on Solana at the Solana Breakpoint event.
(3) A Coinbase spokesperson stated that they will operate cbBTC on the Solana chain.
(4)…
Although these developments and positive news have not immediately reflected in the price of SOL, the development of Dapps and the prosperity of the ecosystem rely on these as support. This has laid a good foundation for the long-term development of the Solana ecosystem.
III. User trending
1) Popular Dapps
EARNM
EARNM is a MobileFi and DePIN reward platform that transforms smartphones into EarnPhones. Through its proprietary Fractal Box protocol, EARN’M combines the accessibility of Web2 with innovative rewards of Web3, cultivating a balanced and growth-oriented deflationary ecosystem.
EARNM plans to continue expanding its ecosystem through its innovative MobileFi and DePIN solutions, aiming to create a global network centered around earning rewards with mobile phones and promoting a new digital economic model. Currently, EARNM has become one of the top three dApps on DappRadar, demonstrating its tremendous success in user growth and activity.
EARNM represents a new type of mobile finance and loyalty reward system that utilizes blockchain technology and the prevalence of mobile devices to provide users with a new source of income and businesses with new marketing and user incentive tools.
2) Twitter
Hamster Kombat:
Hamster Kombat is a clicker game based on Telegram, where players can earn gold coins by clicking on hamsters on the screen or purchasing replacement coins through other means. Players take on the role of a cryptocurrency exchange CEO and can earn gold coins by clicking on hamsters on the Telegram screen. By earning gold coins, players can strengthen their exchange, upgrade hourly profits, and potentially receive token airdrops. Players can also increase their earnings through subscribing to Telegram channels and inviting friends.
3) Google Search & Region
From a global perspective:
PENDLE
Pendle has officially entered the Bitcoin yield field by launching a BTC pool, providing Bitcoin holders with new income strategies and fixed income trading opportunities. This move comes at a time when the market’s interest in Bitcoin collateral and its income opportunities is rapidly increasing. Pendle collaborates with various Bitcoin yield protocols, including Corn LBTC and EtherFi’s eBTC, allowing users to access new income opportunities through these collaborations. Future plans include launching more yield pools for re-collateralizing Bitcoin, such as Bedrock uniBTC, Solv solvBTC, PumpBTC, etc.
Pendle’s V3 upgrade will further enhance liquidity and scalability, which is expected to attract more investment into the BTCFi field. This upgrade is part of Pendle’s multi-stage plan in the Bitcoin yield field, known as the “Bitcoin Arc.”
From the perspective of various regions:
(1) Grass is the main focus in CIS and other regions, and Crypto Bubble has become a hot search in Ukraine, Russia, and other regions, indicating a high level of attention to the secondary market in CIS.
(2) Hot searches in Europe and America are scattered, mainly focusing on projects that have recently performed well, including AERO, AIOZ, PENDLE, etc.
(3) Asian users have a high level of interest in heavyweight coins, including BTC, ETH, etc., and search volume for Crypto Exchanges has increased in the Middle East.
IV. Potential airdrop opportunities
Story Protocol
Story Protocol is an IP management protocol that aims to change the way human history is recorded by utilizing blockchain technology to record content and IP on various blockchains and connect them.
The project recently completed a Series B financing of $80 million, with a16z Crypto leading the investment, and other participating institutions including Foresight Ventures and Hashed. As of now, the open team behind Story Protocol, PIP Labs, has raised $140 million, with a valuation of $2.25 billion. It has attracted high market attention and may become a leading project in the new track of blockchain.
Specific participation methods: Story Protocol has collaborated with multiple projects, including Colormp, where users can participate in the Launch NFT minting of these projects and continue to complete corresponding tasks to receive potential future IP token airdrops.
Fuel
Fuel is a UTXO-based modular execution layer that brings global, scalable accessibility to Ethereum. As a modular execution layer, Fuel achieves global throughput in ways that a single-chain cannot, while inheriting the security of Ethereum.
In September 2022, Fuel Labs successfully raised $80 million in a funding round led by Blockchain Capital and Stratos Technologies. Several top investment institutions, such as CoinFund, Bain Capital Crypto, and TRGC, have invested.
Specific participation methods: Participants can directly deposit tokens accepted by Fuel to earn points. For every $1 worth of the following assets deposited, 1.5 points are earned per day: ETH, WET, eETH, rsETH, rETH, wbETH, USDT, USDC, USDe, sUSDe, and stETH. From July 8th to 22nd, depositing ezETH can earn 3 points per day.
