1. Market Overview
Market: The overall market rebounded, BTC's market share declined, and investors' preferences turned to other assets.
US stocks: US stocks plummeted, and market expectations for a 50 basis point rate cut in September were reduced to 30%, exacerbating the negative sentiment in the market.
2. Hotspots
Public chain SUI sector: SUI coin rose. The game console launched by SUI started pre-sale, similar to the SOL mobile phone airdrop, and will focus on the development of GameFi and DeFi ecology in the future. The monthly unlocking volume accounts for 2.6% of the circulation volume, and institutions have gathered together to pull the market after OTC.
On-chain NEIRO sector: NEIRO coins rose sharply, and the BN platform launched the capitalized NEIRO contract. The chips were highly concentrated and the performance was active.
BTC Ecosystem: FB airdrop launched. Fractal Bitcoin is an L2 project launched by Unisat, with an OTC market value of $1 billion, attracting widespread attention.
Public chain APT sector: APT will unlock $60 million worth of tokens this week. The market is paying close attention to this event, which may affect the short-term price fluctuations of APT.
Potential Opportunities
-SUI's GameFi and DeFi development: SUI launched a pre-sale event similar to the SOL mobile phone airdrop, and plans to focus on the development of GameFi and DeFi ecology in the future. As institutions gather together to pull up the market after OTC, SUI's short-term performance may be further pushed up. It is worth paying attention to the development of its game ecology and the market reaction after unlocking tokens.
-Fractal Bitcoin (FB) L2 development: Fractal Bitcoin, as a L2 project launched by Unisat, has attracted widespread market attention, especially its token economic model with 50% allocated to PoW mining. The long-term development of the project may become an important support for the BTC ecosystem, especially as its OTC market value reaches a high of $1 billion.
-Catizen’s paid user growth and ARPPU: Catizen’s six-month paid users reached 800,000, with an ARPPU of $33. With new investment in PLUTO Studio, Catizen’s ecosystem has been further strengthened, and the market has high expectations for its user growth and profitability, bringing potential opportunities for Catizen’s future market performance.
-ZKsync governance contract is about to go live: ZKsync announced that the governance contract is ready to go live on the mainnet, which may promote the further development of the ZKsync ecosystem. This move is of great significance to both developers and users, and the application prospects of ZK technology deserve close attention.
-Pudgy Penguins Soul-Bound Token Distribution: Pudgy Penguins will issue soul-bound tokens to users who hold positions for more than 1,000 days. The reward mechanism may enhance the loyalty of the NFT community and promote the continued popularity of the project in the NFT market.
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Smart people must read: September 9 market overview and selected potential opportunities
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SUI
1.3275
+13.64%
APT
6.69
+16.75%
ZK
0.1236
+15.08%
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