In the past 24 hours, many new popular currencies and topics have emerged in the market. Perhaps they are the next opportunity to make wealth.

Over the weekend, Bitcoin strongly exceeded US$71,000, hitting a record high and then adjusting between US$69,000 and US$71,000. Altcoins gradually strengthened. in:

Sectors with strong wealth-creating effects are: GameFi, a large-capitalization counterfeit currency that makes up for the growth;

The most popular tokens and topics searched by users are: ZRX, PIXEL, Gaimin, AERO;

Potential airdrop opportunities include: Nostra, Ekubo;

As BTC hit a record high, the gaming sector received a lot of attention from market speculation funds. Secondly, abundant funds on the market showed that the sector rotated into stagflation currencies with large market capitalization. Therefore, investors can pay attention to YGG, GALA, PIXEL, etc. on the GameFi track, as well as the top 100 market capitalization targets such as social sector ID and oracle sector leaders LINK and PYTH. As the Nvidia GTC conference is approaching, AI leading stocks such as RNDR, WLD, FET, etc. are all high-certainty opportunities, and you can build positions on dips.

Data statistics time: 4:00 on March 11, 2024 (UTC+ 0)

1. Market environment

Over the weekend, BTC strongly exceeded US$70,000, hitting a record high and then stabilizing between US$69,000 and US$71,000. The current introduction of Bitcoin ETFs has brought huge trading volume to the market. The number of Bitcoins purchased by ETFs last week has reached 5 times the output of miners. Sectors continue to rotate, and part of the profit-making funds from the AI ​​sector flow into the chain gaming track. The rising market of the GameFi sector represented by GALA, YGG, and PIXEL is likely to continue, so you can stay tuned.

Macro data is positive for cryptocurrency prices. The ten-year U.S. Treasury bond yield hit a one-month low, while the U.S. dollar index continued to expand its decline and hit a one-month low. In addition, compared with the short-term fluctuations in U.S. stocks, the outstanding performance of cryptocurrencies represented by BTC has caused more funds to favor and flow into the cryptocurrency market. Usually, after BTC reaches a new all-time high and starts to fluctuate, altcoins will start to perform. Therefore, it is recommended to pay attention to altcoin trading opportunities in popular sectors represented by AI, Meme, and GameFi.

2. Wealth creation sector

1) Sector changes: GameFi sector (GALA, YGG, PIXEL, etc.)

main reason:

Community attention has increased significantly: after BTC reached a new high, the chain gaming industry has generally surged. YGG and GALA currency prices have rebounded by more than 80% in the past half month. Twitter search volume is high. At the same time, both are DWF market makers, forming a consensus of bullish expectations. ;

Increase in user volume: PIXEL token price hit a new high, monthly on-chain transaction volume exceeded 1.5 million, and DAU reached 500,000, which has doubled from 250,000 DAU in the previous month.

Rise: GALA, YGG, and PIXEL rose by 31%, 18%, and 13% respectively in the past 24 hours.

Factors affecting the market outlook:

The market is hyping the Global Chain Game Conference in advance: The 2024 Game Developers Conference (GDC) will be held from March 18th to March 22nd, when external investors and institutions as well as traditional game project parties will attend. Project parties usually release some good news during the meeting, and can plan in advance chain game projects such as YGG, GALA, AXS and so on.

PIXEL is expected to lead the second spring of games: PIXEL has become the first Web3 game with more than 100,000 daily active users, with a strong community base and strong potential purchasing power. Pixels has currently announced the establishment of an in-depth cooperative relationship with YGG to jointly build the Guild of Guild (GoG). The token still has a lot of room for growth in the future, forming support for the entire chain gaming sector.

2) Token changes: ID, PYTH, LINK and other large market capitalization altcoins have made up for the increase.

The main reason: funds flowed into the currency circle through BTC ETF. BTC and ETH rose sharply during the weekend and exceeded the previous high. The funds on the market were active, ushering in a compensatory increase.

Rise: ID rose 45% in 24 hours, PYTH rose 20% + in 24 hours, and LINK rose 12% in 24 hours.

Factors affecting the market outlook:

You can pay attention to the combination of social applications and AI concepts: SPACE ID is a full-chain domain name service provider on the BNB Chain chain. Users can bind their identities on multiple chains, allowing users to use the same domain name on different chains. With the official release of SPACE ID 3.0, compared to Worldcoin (WLD) as the track for AI identity authentication, ID can well combine AI and DID identities to jointly promote the rapid development of AGI. The same beneficiary assets include WLD and GAL, which have greater room for growth in the future.

You can pay attention to the performance of PYTH, the head project of SOL ecological oracle machine: In addition to PYTH being used in Solana ecological applications, there are currently more than 15 Blast applications also using PYTH, including the perpetual contract DEX protocol DTX, etc. Subsequent users can focus on the adoption of PYTH and the growth in the scale of participation in staking activities. If the number of pledgers and pledges continues to increase, it will be conducive to the increase in token prices.

3) The following sectors need to be focused on: AI sector (RNDR, WLD, FET)

The main reason: The 2024 NVIDIA GTC conference will be held in San Jose, California, USA from March 17 to 21. This AI conference is regarded as the largest AI event in the world. The founder of RNDR and other AI project parties in the Web3 field have expressed that they will participate in the conference. Project parties participating in the conference will greatly increase their exposure. Therefore, the main funds have a high probability of pulling the market with the help of this good news, so various related AI leading targets can be ambushed in advance.

Specific currency list:

RNDR: This project is a distributed GPU rendering platform. It has expanded GPU computing power to computing fields such as AI and ML, and provides distributed GPU resources for many computing clients. As the underlying infrastructure of the AI ​​track, RNDR is regarded as the leading project in the AI ​​sector.

WLD: Although WLD has recently been subject to regulatory controversies in individual countries, with the consensus of AI fever and the favorable investment background of the founders of Open AI, the inflow of external funds will continue to drive up the token price.

FET: Fetch.ai creates AI platforms and services that allow anyone to build and deploy AI services at scale, anytime, anywhere. As it invested in computing power facilities and expanded FETs pledge and use cases on March 5, the price of the token has been rising. If it achieves substantial advancement in the field of computing power, the price will be more imaginative.

3. User hot searches

1. Popular Dapps

Aerodrome：

Aerodrome is a Swap and liquidity trading platform on the Base chain. This project is the largest TVL project on the Base chain, with a TVL of US$245 million. This project mainly solves the problems of initial token distribution and initial liquidity for new projects on the Base chain. It is a cornerstone project for the development of DeFi ecology on the Base chain. Recently, the Base Foundation has also invested in the project, and the token is currently trading in huge volumes on the Coinbase exchange. Since the announcement of the investment information, the currency price has increased by approximately 470%. The currency price of this project is supported by the dual factors of the project fundamentals and the Base ecological card position. Investors can consider opening positions at low prices. The project will continue to grow with the development of the Base ecology.

2.Twitter

Gaimin (not issued yet):

This project is a BNB L2 project incubated by Coinmarketcap Labs and focuses on infrastructure in the gaming field. It mainly includes decentralized computing power, game distribution platform, IGO Launchpad and gaming community. The project announced the launch of the Airdrop Farming event on March 9. Users can obtain project tokens by participating in retweeting, commenting, and liking designated tweets. Currently, KOLs and e-sports stars on Twitter are promoting the project, including well-known NFT player dingaling, e-sports team Gaimin Gladiators, etc. Investors may consider participating in the project’s current Airdrop Farming event to win airdrop tokens.

3.Google Search

From a global perspective:

0x Protocol protocol token ZRX is highly discussed:

0x Protocol has always been an active and popular decentralized aggregator on the Ethereum chain, providing liquidity support and services for major projects. It has two products, 0x and macha. As an important liquidity provider in the DeFi field, the protocols token market value has been at a low level. This increase in currency prices is part of the markets valuation restoration of the high-quality project 0x Protocol. Whether subsequent currency prices can continue to perform well depends on the overall performance of the DeFi sector and whether the 0x Protocol itself will make policy adjustments that are beneficial to currency prices.

Judging from hot searches in each region:

(1) The English and European regions show enthusiasm for searching for the topic of game tokens (GALA, PIXEL):

This weekend, the tokens in the game sector experienced a collective rise, with the tokens of well-known games GALA, PIXEL and other projects leading the rise. PIXEL, as a project with a relatively active player community, has recently been launched on Binance LaunchPool, and its token price has increased by approximately 80.4%. The market generally believes that Binance and Animoca will vigorously promote the Web3 Game project in March. Investors can pay attention to high-quality and undervalued targets in the game sector, such as Mavia, Portal, etc.

(2) The Asian region shows its attention to the Solana ecological MEME currency (PENG, IQ 50):

Recently, there are many MEME projects in the Solana ecosystem, and they all show strong trends. Under the strong performance of MEME tokens, we can clearly see the operations of well-known teams and funds. For example, PENG is invested by Gobit Hedge Fund, and IQ 50 conducts IDO in BakerySwap. For these projects with clear team operations and financial support, investors can consider participating in early IDO or private equity rounds, which have a high probability of generating relatively considerable returns.

4. Potential airdrop opportunities

Nostra—TVL’s No. 1 Comprehensive DeFi Project on Starknet

Nostra is the largest comprehensive DeFi project on the Starknet network, including lending, Swap and other functions. The project currently has a points function, and users can earn points to win potential airdrops by participating in lending and adding liquidity. At the same time, the project has been selected into the Starknet Spring DeFi Incentive Plan, and users can also receive additional STRK token rewards when adding liquidity.

As of now, Nostras TVL is US$95.47 million, and the APR of mainstream trading pools is around 30%.

Specific participation methods: After entering the official website, link the wallet, select the corresponding deposit or borrow token, perform the operation, and you can receive point rewards in real time. The Starknet Spring DeFi Incentive Plan is the following four trading pairs, STRK/ETH, STRK/USDC, USDC/USDT, ETH/USDC. Users can add liquidity to these trading pools, earn points and receive additional STRK token rewards. .

Ekubo——The top AMM DEX in TVL ranking on Starknet

Ekubo is the top AMM DEX in the TVL ranking on the Starknet network. The project currently has a points function, and users can earn points to win potential airdrops by adding liquidity or inviting users. The project has also been selected for the Starknet Spring DeFi Incentive Program, and users can also receive additional STRK token rewards when adding liquidity.

As of now, Ekubos TVL is US$42.14 million, and the average APR of mainstream trading pools is over 50%. Uniswap once exchanged UNI tokens worth $12 million for a 20% share of Ekubo Protocols future protocol governance tokens.

Specific participation method: After entering the official website, link the wallet, pair the corresponding tokens to form LP and add it to the designated liquidity pool (STRK/ETH, STRK/USDC, USDC/USDT, ETH/USDC), and you can earn points and STRK tokens. currency.

[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.