At present, the market is once again seeing simultaneous inflows of funds, which brings new blood to the market and maintains the healthy state of positive capital inflows. It also indicates that traders are still keen on trading in the market. U.S. funds have resumed fund rotation again, and funds in the U.S. crypto market are flowing back and forth.
Observing the overall dynamics of the current market, Bitcoin is still in a range-bound mentality after rising high in the early morning and falling back. The copycat market has become active, and funds are flowing in. All this indicates the current healthy state of the market. Judging from the flow of funds, the copycat market may have a good round of gains this weekend.
The current popularity and funds in the spot market have been basically taken away by Inscription. When everyone is fomo Inscription, I think we should be more cautious. The current inscription market is dominated by emotions and has lost its ability to analyze. Although many inscriptions seem worthless, they can indeed bring profits. I won’t make too many recommendations. Everyone can just participate on their own. What I want to say is that with the popularity As time goes by, more and more messy inscriptions appear. When choosing to make inscriptions, you must pay attention to the situation of making good inscriptions, and also pay attention to the position not to be too heavy. Be aware of the risks of inscription projects.
Which chains have inscriptions that can be beaten or worth beating?
1. The inscription on BRC20 (you can rush it if there is an agreement and a narrative, but you are just afraid of being buried...)
2. BNB, SOL, AVAX, MATIC, TON, APT, and SUI have strong public chains and low gas. As long as fomo is used, the return rate is often dozens, hundreds or even thousands of times!
3. ETH, the noble chain, requires certain protocol applications (such as eths, ethi)
Today's Market Watch
-Token BONK
After BONK was listed on Binance, DWF deposited nearly 50 billion BONK
-SOL Ecology
After the JTO airdrop was released, BONK was listed on Binance, and SOL transaction volume became the second largest public chain.
- Points airdrop hot
At present, the popularity of points airdrops remains high, and there are the following agreements with high airdrop probability and higher expected airdrop value:
Crypto Wallet: Rainbow Rainbow
SwellSwell: LSD Staking Protocol
MarginFi: Solana Head Lending
Orbiter: Old L2 cross-chain bridge
Hyperliquid: Derivatives DEX
-Bitcoin Spot ETF
There is a high probability that the results will be implemented in January next year. Cathie Wood’s final approval date is January 10. Before that, all ETFs have passed the high-probability node. If it is not approved on January 10, then the resistance of the Bitcoin spot ETF will be greater than imagined. Much bigger.
-IOTX related
FutureMoney Group and the IoTeX Foundation jointly launch the DePIN accelerator program worth $5 million.
Cronos Labs has partnered with Matter Labs to launch a new L2 network, and the zkEVM mainnet is scheduled to be released in the second quarter of 2024.
On December 15, after the Solana ecological meme token BONK surged by more than 18,000% in the past two months, Binance announced today the launch of BONK spot trading. In addition to the meme + Solana concept, BONK is also one of the projects that "has a contract on Binance but no spot." According to the data provided by LieTu, in addition to BONK, Binance currently has 6 projects with contracts but no spot. Currently, I have screened 3 of the most discussed projects, hoping to be helpful to readers.
BIGTIME
Big Time is a massively multiplayer online role-playing game (MMORPG) built on Ethereum. It has an industry-leading team and financing. It has been dubbed a "AAA masterpiece" since its internal testing last year. From a team perspective, the Big Time team has a solid background in the gaming and encryption fields. Not only is the CEO a co-founder of Decentraland, but the core members all have experience in developing large-scale games or working in large-scale gaming companies. In terms of funding, Big Time has raised over $90 million through primary market financing and NFT sales, which is enough to support the development of a AAA game. In the future, when the game is officially launched, the project team can continue to operate sustainably through the sale of game resources.
Binance will launch the BIGTIME U-based perpetual contract with a maximum price of 20 times on October 12, 2023. As the market continues to heat up, the chain gaming sector represented by BIGTIME officially took off on December 1, and the currency price increased by more than 4 times in just 4 days. As of press time, the price of BIGTIME was US$0.6782. Although it fell slightly from its high point, the trading volume remained high. As mentioned before, a very important consideration for CEX listing is the level of trading activity. In addition, as the hottest hype target in the current blockchain game sector, newcomers are constantly entering the blockchain game. The listing of BIGTIME may also bring new customers to CEX.
KAS
The Kaspa mainnet was officially launched on November 7, 2021. It uses the BlockDAG architecture to solve the scalability issues associated with traditional blockchain operations. The KAS mining algorithm is kHeavyHash, which supports GPU single mining or dual mining with ETHW and ETC, and supports mining with some FPGA and ASIC mining machines.
Kaspa's economic model is similar to Bitcoin's issuance mechanism. There is no pre-mining or pre-sale, and all tokens can only be obtained through mining. The total supply of its token KAS is 28.7 billion, which is expected to be mined within 186 months. Currently, 25% of the tokens have not been produced, and the circulation will be basically released in April 2037.
Binance launched the KAS U-margined perpetual contract with a maximum leverage of 50x on November 17.
PYTH
As an oracle project focusing on the Solana ecosystem, the retroactive airdrop and the incentive airdrop of "FTX Descendants" Backpack have attracted continued attention from the community. After going online, the currency price was stronger than other airdrop currencies, but it gradually cooled down after the emergence of new hot spots such as JTO, with a drop of 18% in the past half month.
Binance launched the PYTH 1-50x U-margined perpetual contract at 22:30 on November 22. Maybe next time when the popularity is high, Binance will consider launching a spot service. However, the current market capitalization of PYTH has ranked 105th. It will be relatively difficult to increase the popularity by relying on a sharp increase in currency prices.
The mistake most traders make in the early days of Niu is over-trading.
Stick to your own investment plan and enjoy the dividends brought by trends
Crypto markets don’t need involution
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
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