In the past 24 hours, many new popular currencies and topics have appeared in the market, which may be the next opportunity to make money, including:
Sectors with strong wealth creation effects are: blue chip public chain sector, ETH ecological projects
Hot search tokens and topics by users: UXLINK, ZKSYNC, IO.Net
Potential airdrop opportunities include: Nile Exchange, Spark
Data statistics time: 2024-06-12 4:00 (UTC+ 0)
1. Market environment
Yesterday morning, Bitcoin fell to 66032 USDT, a 24-hour drop of more than 5.5%. It rebounded to 67500 USDT in early trading this morning. The daily volatility is high. In the past 24 hours, the entire network has been liquidated for $255 million, of which long orders were liquidated for $236 million and short orders were liquidated for $19.5956 million. The main liquidation was long orders. The US stock market fluctuated. The overall market is waiting for the FOMC meeting and CPI inflation data in the United States tonight. The market is generally cautious.
Yesterday (June 11, Eastern Time), Bitcoin spot ETFs continued to have net outflows, totaling $200 million, ending 19 consecutive trading days of net inflows. Grayscale ETF GBTC had a net outflow of $121 million in a single day, and the current historical net outflow of GBTC is $18.093 billion. The recent wealth effect is mostly on some new coins, such as NOT, which has seen a good increase after the launch of BN, including IO, which was just launched yesterday. Subsequent investors can keep an eye on the launch of new coins and the market trends of some blue-chip public chain ecosystems.
2. Wealth-making sector
1) Sector changes: blue chip public chain sector (FTM, TON)
Main reason: TON ecosystem and FTM ecosystem are actively operating communities and releasing new project progress updates. The wealth effect will circulate in their ecosystems, constituting potential buying power for the public chain assets.
Rising situation: FTM rebounded slightly to $0.65 yesterday; TON returned to hover around $7;
Factors affecting the market outlook:
Data from all aspects are impressive: TON network activity has gradually increased since February. As of now, the number of daily active addresses of TON has exceeded that of Ethereum, and the TVL of the TON ecosystem has exceeded US$460 million, setting a record high.
Ecosystem construction continues to gain momentum: Yesterday, the Fantom Foundation released the second Sonic governance proposal, including airdropping S tokens for Opera and Sonic users, and plans to adopt a destruction mechanism to increase activity and TVL. The TON ecosystem also announced that the TON OpenLeague Season 4 will start at 19:00 today, and will launch enhanced pools on STON.fi and DeDust, and provide more than $1.8 million in rewards in the next two weeks. Users can earn rewards by maintaining on-chain activity and providing liquidity.
2) The sectors that need to be focused on in the future: ETH ecological projects
The main reason is that the ETH spot ETF may release results in late June/early July. ETH ecological assets may have room for speculation. The recent correction of this track is relatively large, and it has fallen out of layout space.
Specific currency list:
UNI: The first DeFi Swap project on blockchain applications. Uniswap generated $2.022 million in fees in the past 24 hours, with considerable revenue.
LDO: The leading LSD project in the ETH ecosystem, with a TVL of 34.4 billion US dollars and a valuation of less than 2 billion US dollars, is relatively undervalued;
PENDLE: The TVL of the project has continued to rise. Currently, the TVL has reached 6.6 billion US dollars. The total market value of stablecoins has increased, and the popularity of the Restaking track has increased the demand for PENDLE's business in the bull market.
3. User Hot Searches
1) Popular Dapps
UXLINK: UXLINK is a groundbreaking web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a series of highly modular Dapps, from getting started to graph formation, group tools to social trading, all of which are seamlessly integrated into Telegram. UXLINK recently announced financing, led by SevenX Ventures, Ince Capital, and HashKey Capital, with a total financing of US$15 million. Web3 social infrastructure project UXLINK issued the "IN UXLINK WE TRUST" series of NFTs as airdrop vouchers. Due to the high financing, users can consider participating in its airdrop activities.
2）Twitter
ZKSYNC: ZKsync opened the airdrop query interface yesterday. Many users on Twitter said that they met the conditions but did not receive the airdrop, and they were very dissatisfied. In response, ZKsync explained that failure to meet one or more airdrop criteria does not mean a legal right or requirement to receive an airdrop. All decisions related to airdrop allocation are made by the ZKsync Association at its sole discretion. The over-the-counter price of ZKsync (ZK) is currently around $0.35, down more than 40% in 24 hours.
3) Google Search Region
From a global perspective:
IO.Net: The project is a decentralized computing network that supports the development, execution, and expansion of ML applications on the Solana blockchain, combining 1 million GPUs to form the world's largest GPU cluster and DePIN.io.net to aggregate underutilized resources. In addition, Bitget will be listed on PoolX today, staking IO to obtain local currency income, with a total prize pool of $100,000 worth of IO, and the mining time is from 16:00 on June 12 to 16:00 on June 22 (UTC+8).
From the hot searches in each region:
(1) There are big differences in the trending searches in English-speaking regions. The United States mainly focuses on meme tokens, and the trending tokens that appear are pepe, floki, and boden. However, Australia and the United Kingdom pay more attention to public chain projects, such as monad, icp, sui, etc. The number of public chains that appear is relatively high.
(2) Europe focuses on projects with fundamentals, mainly public chains and some mainstream altcoins. Hot search projects include public chains such as Solana and Ethereum, and large-cap altcoins such as Uniswap and RNDR.
(3) The CIS region pays attention to opportunities such as the TON ecosystem and DePIN, and Notcoin and Grass appear more frequently.
Potential Airdrop Opportunities
Nile Exchange
Nile is a centralized liquidity DEX on Linea that combines incentives with centralized liquidity to achieve a higher level 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 several Eligible Protocols in Linea The Surge event, and providing liquidity to the Nile protocol can simultaneously earn Linea's points LXP-L.
How to do it specifically: On the Linea mainnet, deposit LP positions of weETH/ETH, wrsETH/ETH, ezETH/ETH, and USDC/USDT to Nile to obtain a higher APY and multiple points.
Spark
Spark Protocol is a lending market launched by MakerDAO that integrates direct lending capabilities into MakerDAO. Through Spark, users can obtain DAI loans using assets such as ETH, stETH, sDAI, etc.
Spark announced that it will launch the second season of SPK token pre-mine, which will be distributed to eligible SparkLend users on Ethereum. The second season of pre-mine will start on May 20th UTC time and end when SPK and Spark SubDAO are launched.
Specific participation method: Refer to the project announcement. Specific conditions include the amount of ETH deposited and the amount of DAI borrowed by the user, as well as the term of the ETH deposit or DAI borrowing position.
Original link: https://www.bitget.com/zh-CN/research/articles/12560603811062
【Disclaimer】The market is risky, so be cautious when investing. 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. Investing based on this information is at your own risk.
