Over the past week (2.19-2.23), the market has seen a number of new popular currencies and topics.
1. Market Trends
The most discussed topics in the market this week (02.19-02.23) are:
BTC temporarily falls below $51,000, Bitcoin Layer 2 Merlin TVL reaches nearly $2 billion
NVIDIA revenue exceeds expectations, driving a general increase in the AI sector, FOMC minutes emphasize against premature easing
STRK airdrop worth over $2 billion, Ethereum price breaks $3000 mark
STRK trading to be opened soon, storage sector surges
Sora sparks another AI trend, ETH breaks year-high
2. Popular Projects
The most popular projects this week (02.19-02.23) are:
WCD (Token): McDonald's official Twitter announces the launch of the metaverse brand "wcdonalds" and receives Elon Musk's endorsement. Benefiting from this news, the related meme coin WCD has gained traction. After the selling pressure from initial deployers was digested, its market value increased several times from $400,000 to over $4 million at one point, with a 24-hour trading volume of $5.47 million.
PLT(Token): Palette, an ERC 404 art project incubated by the artist CFW and Pandora official, was launched for the first time yesterday with a bug that caused buying users unable to sell all and NFT and token cannot be converted. After re-auditing and modifying the code, liquidity was deployed, and the token's market value reached as high as $15 million, with a 24-hour trading volume of $17 million.
ARB(Token): Arbitrum official tweet announced that Bitcoin collateral Layer 2 network Social Network will achieve settlement on Ethereum, and 8% of its sequencer profits will be allocated to ArbitrumDAO, and 2% will be used to reward Arbitrum Developer Association. Social Network is a Bitcoin collateral Layer 2 network supported by Arbitrum with native yields.
PIXEL(Token): Pixels is a P2E-focused Web3 farm game where players engage in familiar agricultural activities such as resource planting, food preparation, and goods trading. Players also have the unique opportunity to own and develop individual farmland plots. The project airdrops to RON stakers and has been listed on major exchanges.
Bored Ape Yacht Club(NFT): Yuga Labs co-founder Greg Solano announced on Twitter that he will resume his position as CEO of Yuga Labs. Yuga subsidiary BAYC LLC has been established to handle all BAYC-related affairs. Bored Ape saw a 100% increase in 24-hour trading volume and a 10% increase in floor price to 24 ETH.
Moonbirds(NFT): On February 17th, Yuga Labs, the development team of Bored Ape Yacht Club, announced the acquisition of Moonbirds' development team, Proof. Yuga Labs did not disclose any details about the acquisition. In the future, Yuga Labs will incorporate Moonbirds into its Otherside gamified virtual universe game.
Node Monkes (NFT): Bitcoin ecosystem's NFT based on the Ordinals protocol in the PFP series. Recently, NodeMonkes Honoraries' NFTs were auctioned on Sotheby's, generating 38 bids with an estimated value of $6500. This operation scheme has brought good traffic to the project team, and the trading volume and wealth effect of the issued NFTs on Magiceden have recently increased.
Starknet (Dapp): After the launch of Starknet's native token, the current circulating market value is $1.3 billion, with a total market value of $18.4 billion, driving Starknet's on-chain TVL to soar to $1.3 billion, a 7-day increase of 600%. It ranks fourth on the Layer 2 TVL leaderboard, with STRK accounting for 83.58%.
Blast (Dapp): Blast is an innovative Ethereum Layer 2 platform that stands out by providing native yield for ETH and stablecoins. Leveraging Ethereum's Shanghai upgrade, it features automatic compounding for ETH and T-Bill yield for its stablecoin, USDB (Blast USD). This strategy sets Blast apart in the Layer 2 space by increasing asset value and market efficiency. Blast officials have announced that they will announce the exact mainnet launch date later this week. Currently, TVL has exceeded $1.9 billion.
Magic Eden (Dapp): The trace diamond rewards of the multi-chain NFT platform Magic Eden have been launched. Users can earn rewards by interacting on the platform and completing certain tasks, with subsequent task completions resulting in doubled rewards. Currently, diamond points have been listed on the OTC market Whales market, with each diamond worth $0.0629.
3. Hot Searches
The most popular topics this week (02/19-02/23) are:
Worldcoin(Token): Worldcoin is a cryptocurrency company invested by Sam Altman, the founder of OpenAI. Influenced by the recently released Sora product by OpenAI, funds in the cryptocurrency field have generally started to pay attention to the AI track, and the price of Worldcoin keeps rising.
AGIX(Token): Influenced by the significantly better-than-expected Q4 performance of NVIDIA, the AI sector has been performing strongly recently. Led by WLD, SingularityNET is a decentralized artificial intelligence market and one of the core targets of the AI sector. The token has risen by over 100% in the past 7 days, with a market value reaching 900 million US dollars and a 24-hour trading volume on the entire network of 540 million US dollars.
BNB(Token): Yesterday, Binance announced the launch of Portal on Launchpool, allowing users to participate in token listing by staking BNB. Portal is a gaming ecosystem token, and Portal Gaming is a platform specifically designed for Web3 games. The platform focuses on functions such as one-click login to Portal Passport and easy payment. The project has fundamental support, so it is worth paying attention to its development after it goes online.
Maple Story Universe(Dapp, NFT): MapleStory Universe is a virtual world ecosystem that creates various tangible and intangible values with MapleStory NFT as the core. At the end of last year, game developer Nexon announced the launch of a $100 million Web3 fund to support its blockchain game ecosystem MapleStory Universe and related IP. This fund will be used to support developers in building SDK and a sandbox platform for players and creators to create blockchain games.
Bitget Research Institute focuses on "focusing on on-chain data and exploring valuable assets". By real-time monitoring on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for cryptocurrency enthusiasts. So far, it has provided early value assets in various popular sectors such as Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem for Bitget global users, creating better wealth effects driven by data-driven in-depth research for Bitget global users.
[Disclaimer] The market carries risks, and investments should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.
