Bitget Research Institute: Slerf will start sending refunds, Bitcoin spot ETF has net outflows for four consecutive days
In the past 24 hours, many new popular currencies and topics have emerged in the market, and it is very likely that they are the next opportunity to make wealth.
The sectors with strong wealth creation effects are: Fantom Ecosystem, RWA Track;
The most popular tokens and topics searched by users are: Polymesh, FLOKI, PEPE, Memecoin represented by DOGE, and RWA Crypto;
Potential airdrop opportunities include: MetaCene, Notcoin;
Data statistics time: 4:00 on March 22, 2024 (UTC+ 0)
1. Market environment
As the Swiss National Bank unexpectedly cut interest rates by 25 basis points, the US dollar continued to rise, which to some extent eliminated the positive impact of Wednesdays dovish tone from Federal Reserve Chairman Jerome Powell. US dollar-denominated assets came under pressure, and Bitcoin pulled back slightly. . Grayscale Bitcoin Spot ETF still continued its previous trend, with an outflow of US$358 million yesterday. According to the current data released by farside investors, the Bitcoin Spot ETF had a net outflow of US$327 million without IBIT announcing the inflow.
The amount of financing in recent financing events has gradually increased. In the financing events announced yesterday, Web3 infrastructure company Succinct completed US$55 million in financing, and Web3 privacy system Espresso announced the completion of US$28 million in Series B financing. Market valuation and investment amount There is a significant increase.
2. Wealth creation sector
1) Sector changes: Fantom Ecology (FTM, BOO, ICE)
The main reason: In October last year, the Fantom Foundation announced the launch of its latest technology upgrade Fantom Sonic, and the official Fantom Sonic network is scheduled to be released in the spring of 2024 and will be online soon. Therefore, amid the correction of Bitcoin and Ethereum and the general decline of the market, Fantom has gained 7.19% in the past 24 hours, which is an outstanding performance.
Rise: FTM rose by approximately 7.19% in 24 hours, BOO rose by approximately 5.83% in 24 hours, and ICE rose by approximately 13.12% in 24 hours;
Factors affecting the market outlook:
Upgrade effect of Fantom Sonic: Fantom Opera includes a new client, validator, virtual machine (FVM), Carmen database and optimized Lachesis consensus mechanism, which will greatly improve the execution efficiency of the original Fantom, and its selling points are also very Obviously, it focuses on faster speed and stronger performance than all current EVMs. If the performance is as advertised, the narrative of parallel EVM may take a certain hit, and Fantom, as a competing product, can gain greater valuation space.
Valuation repair of the Fantom chain project: Due to being in a hot sector for a long time and lack of official cross-chain bridge, the liquidity and transaction volume of the Fantom chain have fallen seriously. As a result, the valuations of various native projects on the Fantom chain have continued to fall. At present, due to the recovery of Fantom popularity and currency prices, various projects have begun to repair their valuations, but their valuations are still low. Investors should pay attention to the repair of their valuations and make early bets as appropriate.
2) Sector changes: RWA sector (POLYX, MAKER)
The main reason: BlackRock on Wednesday launched its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Its wallet address has received $53,000 worth of crypto assets after depositing 100 million USDC on the chain. BlackRock has taken a very symbolic step in introducing traditional assets.
Rise: POLYX rose by about 6.36% in 24 hours, MAKER rose by about 10.22% in 24 hours;
Factors affecting the market outlook:
MakerDAO ecological development: MakerDAO founder Rune Christensen announced on its governance forum that the first phase of the “Endgame” plan will kick off in the summer of 2024, including new tokens, SubDAO, token economics, new brands, and new User acquisition channels. Since various SubDAOs will issue separate tokens and feed back the entire MakerDAO ecological economy, especially the airdrop activity of the RWA project Spark is about to start in Q2, which will further stimulate the RWA sector.
Impact of information: According to PR Newswire, vertical farming technology and infrastructure company Natures Miracle Holding Inc (Nasdaq Global Market: NMHI; Nasdaq Capital Market: NMHIW) and industry innovation RWA platform CycleX have confirmed strategic cooperation . In the future, we will continue to pay attention to the dynamics of traditional institutions. The two are closely related. The acceptance of traditional institutions new cooperation model of RWA is also an important indicator of the future development of the RWA sector.
3) The following sectors need to be focused on: Aptos Ecology (THL, DOODOO)
The main reason: Aptos on-chain data has increased rapidly since the beginning of 2024. TVL has tripled since the beginning of 2024 and has now reached US$400 million, a record high. The number of daily interactions has increased by 65%, and the number of active users has increased by 93%. There is a lot of room for the price of Aptos tokens to rise. Among the few Layer 1 new public chain projects that have not yet recovered their highest point in 2023, and the current projects have not yet launched a large number of ecological incentives, there is room for continued growth.
Specific currency list:
THL: Thala is a Defi infrastructure project composed of over-collateralized stablecoin + Swap + Launchpad + RWA. It basically meets the high-frequency and daily needs of most users for DeFi. On March 14, Thala announced that it would adjust THL emissions and reduce THL emissions by 50% in all subsequent epochs to maintain long-term healthy development. Currently, Thalas volume and price are both rising, with a monthly increase of 194.4%.
DOODOO: The first meme token on Aptos and currently the most traded meme token. Prices rose rapidly in just one month, with a single-month increase of 281.14%. The current valuation is only US$73.36 million. As a leading meme token on the public chain, it still has a lot of room for growth.
3. User hot searches
1) Popular Dapps
Espresso Systems (not issued yet)
Espresso is an EVM-compatible blockchain that focuses on providing a scalable and privacy system that provides Web 3 application users with a more resource-efficient transaction processing method. The US$28 million Series B financing announced yesterday was led by a16z crypto and will be used for product development, expansion of investment in the rollup ecosystem and team expansion. The previous project has raised US$32 million in Series A financing from Greylock Partners and Electric Capital led the investment. The project has attracted much attention because of its technological innovation and privacy protection functions. Users can participate in this ecosystem by holding or transferring assets and customized privacy smart contract applications. The project background is high-quality and the investment institutions are very top-notch.
2）Twitter
Polymesh（POLYX）：
Polymesh is an institutional-grade permissioned blockchain built for regulated assets. It provides functions to solve governance, identity, compliance, confidentiality and settlement, and is used by a total of 42 operator nodes and 4,000 corporate institutional accounts, including Binance as node operators. It is also one of the projects with the highest popularity and market value in the Layer 1 direction of the RWA track. The current market value has reached US$430 million, rising by more than 50% in the past seven days, mainly due to the news that BlackRocks first asset tokenization fund is about to be launched.
3) Google Search Region
From a global perspective:
(1) Five of the overall hot search rankings are closely related to the recent popular section RWA track:
The main reason: BlackRock recently submitted documents to the U.S. Securities and Exchange Commission and plans to cooperate with Securitize, a U.S. asset tokenization company, to launch the BlackRock USD Institutional Digital Liquidity Fund (BlackRock USD Institutional Digital Liquidity Fund). This marks BlackRock’s first The individual asset tokenization fund is about to be launched, which will continue to benefit the RWA project. The TVL of the RWA track will continue to increase in the future.
Specific projects: Affected by the above news, leading projects in the ecosystem will continue to benefit. You can focus on the following projects: RSR, POLYX, CFG, ONDO and other RWA track leading projects. In the past 24 hours, Reserve Rights (RSR) It has risen by more than 40%. At the same time, tokens POLYX and CFG are also performing well. The community has a strong willingness to trade, and the popularity of hot searches on the track continues unabated.
Judging from hot searches in each region:
(1) The term RWA Crypto appears frequently in the European and CIS regions, and various project parties and KOLs are looking forward to its prospects:
On March 21, CoinGecko released its 2024 RWA report, which stated that tokenized treasury bond products grew 641% last year, with the total locked value of tokenized treasury bonds soaring from $114 million in January 2023 to $845 million at the end of the year. , asset management giants led by BlackRock will further accelerate the tokenization process of real assets, and European financial institutions are also accelerating their layout. The potential projects in this track have huge room for future development, and it is recommended to continue to pay attention.
(2) Memecoins represented by FLOKI, PEPE, and DOGE appear on hot searches in many different regions and countries:
The market rebounded sharply yesterday, and Meme tokens experienced general gains. DOGE rose by more than 15% in 24 hours, PEPE rose by more than 21% in 24 hours, and FLOKI rose by more than 31% in 24 hours. The trend of tokens in this track is generally strong and rebounds quickly. At present, These leading Meme token projects have received high attention and recommendations from KOLs in many different regions.
4. Potential airdrop opportunities
MetaCene - better institutional endorsement
This project is a blockchain game developer that is making a blockchain-based game. MetaCene uses innovative PVE and PVP gameplay, strong technical infrastructure, social guild DAO governance, sustainable economic system and in-game The editor has pioneered player-centered entertainment, governance and creation, and has great potential for future development.
MetaCene will complete a US$5 million seed round of financing in 2023, led by Hash Global and SevenX Ventures. It recently announced the completion of a US$10 million Series A private financing, led by Folius Ventures and SevenX Ventures. The team is composed of people from Shanda Games, Blizzard, Perfect World, etc. Founded by gaming experts with over 20 years of industry experience. The investment background and team background are excellent, and there are currently airdrop and game mining opportunities.
Specific ways to participate: Download the Google plug-in - Complete tasks on the Quest page to obtain gems, unlock pets and rewards - After upgrading, go fight the boss, refreshed at 7 a.m. every day - Draw a lottery on the Campaign page, and you will get corresponding gold coins every day based on the data on the boss fight. 100 gold coins are drawn once.
Notcoin——TON ecological hot project
This project is a Telegram ecological mobile mining game project. Users can earn in-game coins by clicking on the coin image. Steve Yun, President of the TON Foundation, even listed it as the two major trends on TON along with the TON-20 inscription. According to TON’s official introduction, Notcoin is the latest Meme coin that has taken the TON ecosystem by storm less than a month after its launch, successfully attracting more than 470,000 players to participate.
The project announced plans to launch token minting in TON in the coming weeks and distribute tokens in proportion to players virtual points in the game. At the same time, on March 7, in order to allow the community to understand the potential value of the token, Notcoin opened pre-market trading of the token. It is said that the transaction is an NFT voucher that can be exchanged for NOT tokens in the future.
Specific ways to participate in the new game: Join the Notcoin bot on Telegram - when you see a Notcoin icon, you can mine Notcoin by clicking on the icon continuously. Each time you click, you will get 1 Notcoin until the mining limit reaches 1,000. After waiting for a period of time, let it return to 1,000, then you can continue - then register and set up a TON Space wallet to redeem and receive Notcoin. .
More information about Bitget Research Institute: https://www.bitget.fit/zh-CN/research
Bitget Research Institute focuses on focusing on on-chain data and mining value assets. Through real-time monitoring of on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for crypto world enthusiasts. So far, it has provided Bitget global users with early value assets in many popular sectors such as [Arbitrum Ecosystem], [AI Ecosystem], and [SHIB Ecosystem], and created better wealth for Bitget global users through in-depth data-driven research. effect.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
