CoinWorld reported:
In the past 24 hours, the market has seen many new popular currencies and topics, which are likely to be the next wealth creation opportunities.
Summary
In the past 24 hours, the cryptocurrency market has seen a slight rebound, with the ETH ETF expected to be approved as early as July, and MEME tokens rising across the board. Specifically:
The sectors with strong wealth creation effects are: MEME sector and TON ecological projects
Top user-searched tokens & topics: The Beacon, Blast, FET
Potential airdrop opportunities: Bemo, Bedrock
Data statistics time: June 26, 2024, 4:00 (UTC+0)
I. Market Environment
In the past 24 hours, Bitcoin has rebounded to break through 62000 USDT, with an intraday increase of 2.83%. Ethereum has risen above 3400 USDT, with an intraday increase of 1.43%. MEME tokens have seen a general rise, with WIF, PEPE, BONK and other tokens all rising by over 10% in the past 24 hours. Meanwhile, the Blast Foundation announced yesterday that it will airdrop BLAST to the community at 22:00 on June 26th Beijing time. Blast has a total supply of 100 billion tokens, with 50% being airdropped to the community, and the initial airdrop amount being 17 billion tokens. Blast is currently the sixth largest on-chain economy, and Bitget has launched a limited-time airdrop for BLAST, so investors should pay attention.
In the market, the Bitcoin spot ETF had a net inflow of 31.0131 million US dollars yesterday, the first net inflow after a net outflow in the past 7 days, indicating a potential strengthening of Bitcoin prices. Meanwhile, there is some positive news for the Ethereum spot ETF, as Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), stated that the process of launching an Ethereum spot ETF is progressing smoothly. According to the timeline of the 8-A form submitted for the Ethereum spot ETF, it is highly likely that the ETH ETF will be approved in July.
II. Wealth Creation Sectors
1) Sector Changes: MEME sector (PEPE, WIF, BONK)
Main reasons: Influenced by the sentiment of the cryptocurrency market, Bitcoin saw a slight rebound yesterday and the BTC ETF had a certain net inflow, leading to the overflow of market wealth effect into the Meme sector. If the overall market maintains an upward trend, it is advisable to continue to focus on Meme assets, which often have a certain wealth effect in the early stages of a Bitcoin rebound.
Rise situation: Pepe (PEPE) saw a 24-hour increase of 15.96%, dogwifhat (WIF) saw a 24-hour increase of 17%, and Bonk (BONK) saw a 24-hour increase of 12.8%
Factors affecting the future market:
Whether ETH continues to rise: ETH ecological DEX has good liquidity, and many tokens are priced in ETH on DEX. An increase in ETH price directly adds to the rise in ETH ecological assets. If the price of ETH continues to rise, core assets on Ethereum often maintain popularity.
Community speculation enthusiasm: PEPE’s image is most in line with the speculative group of U.S. retail investors, who are prone to public sentiment, and PEPE is more active in trading, making its price prone to sharp rises and falls. In addition, the main feature of PEOPLE is that the project team has almost given up on the project, but it still has a high speculative appeal, and the recent sharp rise of PEOPLE is mainly due to the long-short squeeze market. FLOKI, as an old MEME, has been quite active recently and is worth paying attention to.
2) Sectors that need to be closely monitored in the future: TON Ecology
Main reasons: Notcoin’s popularity has driven the activity of the entire TON ecosystem, with a large number of similar projects and improved GameFi projects emerging in the TON ecosystem. The TON ecosystem currently has multiple high-traffic projects that have not yet been issued: TON ecological game Hamster Kombat claims to have a user base of over 100 million, and Catizen’s user base has exceeded 15 million, creating expectations for the mass adoption of future TON ecological projects. These projects will bring more users and funds to TON.
Rise situation: Notcoin saw an 8% increase in the past 24 hours;
Specific token list: TON, NOT, STON, GRAM, FISH
Influencing factors:
During the continuous decline of the overall market and the violent decline of Shanzhai, TON tokens and TON ecological tokens have shown relatively strong resistance.
The TVL of the two head DEXs in the TON ecosystem, which are also the two protocols with the highest TVL: DeDust and STON.fi, increased by 12% and 3% respectively in the past 7 days against the trend.
The high-traffic Telegram Mini App Catizen and Hamster Kombat in the TON ecosystem have continued to attract attention due to the continuous surge in user numbers, with Catizen’s total on-chain user count exceeding 1.25 million and Hamster Kombat’s user count exceeding 150 million, making them one of the few hot spots in the recent cryptocurrency market.
Pantera Capital is currently raising funds for a new fund specifically for TON tokens, called the “Pantera TON Investment Opportunity”, with the aim of raising funds to purchase more TON tokens, with a minimum investment of $250,000 per supporter.
III. User Hot Searches
1) Popular Dapps
Blast: Blast released its token economics today. Blast is a Layer2 network based on Optimistic Rollup, launched by Pacman, the founder of the NFT market Blur, with investment from Paradigm, Standard Crypto, and other institutions, raising a total of $20 million. The total locked-in amount on the Blast network exceeds $3 billion, the total locked-in amount of Dapps exceeds $2 billion, the number of user addresses exceeds 1.5 million, and more than 200 Dapps have been launched on the network. The total supply of Blast tokens is 100 billion, with 50% to be airdropped to the community, and the first phase of the airdrop accounts for 17% of the total supply, with Blast Gold and Blast Point accounting for 7% each of the total token supply. Due to the recent poor market performance, it is recommended that users handle airdropped tokens with caution and focus on weak fundamentals.
2) Twitter
The Beacon: The Beacon is a pixel-style Free2Play action role-playing game issued by TreasureDAO on the Arbitrum chain, with gameplay including single-player challenges, team adventures, and casual dress-up. The Beacon has launched three major events recently, and participants can receive airdropped tokens. The TGE is planned to take place shortly after the global game is released, expected to be in December.
3) Google Search & Region
Global perspective:
FET: According to official news, the Artificial Superintelligence Alliance has announced significant progress and updates on the ASI token merger. The first phase is planned to be implemented on July 1, 2024, with the SingularityDAO dApp opening a migration platform from AGIX and OCEAN to FET, allowing holders to convert their tokens to FET at a rate of 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET.
From a global perspective:
(1) Asian countries: There is no obvious preference in Asian country searches, with a relatively large number of AI projects, mainly due to the good performance of AI projects FET, AGIX, OCEAN, and others in the past 24 hours.
(2) European and American countries: There are no obvious hotspots, with different tokens and terms on the top search list in each country. The focus of English-speaking users has returned to a conservative approach, with ICP, SUI, and other public chain projects appearing on the hot search list. European countries also exhibit a similar trend, with slightly different tokens being focused on, such as Solana, ada, and starknet.
IV. Potential Airdrop Opportunities
Bemo
Bemo is the second-largest liquidity staking service provider in the TON ecosystem, allowing users to stake TON in the protocol to earn an annualized return of 3.9%. The project currently has a TVL of $76 million and is an early-stage project in the Ton ecosystem, with great potential.
The project’s official website has launched an airdrop operation, where application stakers for Bemo can receive xtXP rewards, which can be exchanged for $BMO tokens in the future.
Specific participation method: 1) Visit the project’s official website and click “stake now”; 2) Connect to the Ton wallet to stake.
Bedrock
Bedrock is a multi-asset liquidity re-staking protocol, initially based on the institutional-level liquidity re-staking token uniETH on EigenLayer, and later expanded as the first and largest liquidity re-staking protocol on the IoTeX network. It will also introduce the protocol before the Babylon mainnet starts, supporting liquidity staking of Bitcoin uniBTC.
Bedrock’s TVL has exceeded $200 million, with a strong lineup of backers: OKX Ventures, LongHash Ventures, and Comma3 Ventures as lead investors, with support from Waterdrop Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and Babylon co-founder Fisher Yu.
Specific operation: If you hold ETH or IOTX, you can stake it into Bedrock as uniETH or uniIOTX and receive staking returns and future Bedrock airdrops; if you hold wBTC, you can go to Bedrock to stake it as uniBTC and receive staking returns, Babylon airdrops, and Bedrock airdrops in the future.
