Last night, it was unclear whether altcoins were being driven by Bitcoin or vice versa; in any case, it no longer matters. Market sentiment and confidence have been restored, with Bitcoin fluctuating around 100k, but altcoins had already taken off.
CEX altcoins revolve around Grayscale's strict selection, such as ZEN, LPT, and BAT. Another direction focuses on Binance's new coin rebounds, like Move Me, etc.
On-chain funds are primarily focused on AI concept projects, which will become a long-term narrative trend next year. Therefore, it is essential to keep an eye on the developments and dynamics of AI every day.
Let's analyze today's highlights:
1. On-chain AI memes continue to ferment, with a dizzying array of concepts and very active funds. Yesterday, there was an AI Spore, which reached a certain market cap and then could reproduce new AIs. Currently, Spore's market cap is around 16M, and it has already produced two AIs, namely Adam and Eve.
2. As mentioned yesterday, AIPool directly utilized BOME's method for fund-raising, collecting over 36,000 $SOL tokens. AIPool finally launched today, and the token name is Metaverse. Those who participated in the funding have seen almost 4x returns. This concept is still viable; if AI directly issues tokens and is recognized by the market in the future, it can avoid some rug pulls and other phenomena. Yesterday, the founder Skely's account was banned, and it hasn't been unbanned yet, but it doesn’t seem to affect everyone’s FOMO-driven rally. However, if you want to participate, it’s best to wait a bit; currently, 10% of the tokens have yet to be distributed, and distribution will be completed by tomorrow at the latest.
3. Bioprotocol announced an airdrop for Vita_DAO holders and revealed the airdrop plan.
4. Mainstream memes are performing poorly; $PEPE, $WIF, and $PNUT have shown no significant movement. The market funds are still most concentrated in the AI sector. However, Pengu's performance is relatively strong, and coins with strong backing are still performing well.
5. On-chain projects like AI16Z, Fartcoin, VVAIF, etc., have all shown explosive growth, and they will continue to be a focal point. This market cycle is primarily led by on-chain funds.
6. In the altcoin market, everyone can participate in selecting coins based on the presidential model and Grayscale's strict selection logic. ZEN has skyrocketed in the past two days, and related low-market-cap altcoins from Grayscale have also risen significantly, such as LPT, BAT, etc.
Trump is selling coins including: AAVE, ENA, LINK, ETH, ONDO.
7. Binance will support FTM token swaps and rename it to S.
