BTC fights to break $72K resistance for a new ATH

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has listed Zero1 Labs (DEAI), a project forging a new future with artificial intelligence, and initiated a trading incentive plan.
• Bitget has listed SANTOS/USDT perpetual contracts with up to 50x leverage.
• Binance will list the SANTOS perpetual contract.
• OKX has launched SAMO/USDC trading pairs and the GRASS/USDT perpetual contract.

II. Mainstream projects and trending events

• Bitcoin's market dominance reached 59.92%, the highest since April 31, 2021, indicating a market preference for Bitcoin's stability over altcoins.
• US Major League Soccer(MLS) has launched a new NFT collectibles platform called MLS Quest on the Sui network, in cooperation with crypto startup Sweet.
• Ethereum co-founder Vitalik Buterin has released the sixth part of the Ethereum protocol's future development plan on X, titled 'The Splurge', with key objectives including achieving a high-performance and stable 'endgame state' for the Ethereum Virtual Machine (EVM).
• Dogecoin has surpassed 0.165 USDT once again, potentially fueled by Elon Musk’s recent appearance at a Donald Trump rally and his tweet of a meme featuring himself with the DOGE avatar.
• UniSat has enabled a dedicated green channel for users to instantly transfer Bitcoin mainnet assets to PizzaSwap, and once withdrawn, these assets—including ORDI, SATS, QUAQ, OSHI, PEPE, TRAC, MEME, RATS, and PIZZA—can be transferred back to the Bitcoin mainnet using Simple Bridge or Bool Bridge.
• DuckChain, a new blockchain ecosystem prioritizing community engagement, will take the official airdrop snapshot on November 18.
• Grass, a decentralized layer two (L2) platform on Solana, has opened its airdrop for claiming.
• Alchemy Pay, a world-leading crypto payment solutions provider, unveiled its launch plan of its Layer-1 blockchain, Alchemy Chain, allowing users to pay gas fees.
• CATIZEN has launched its first Zircuit Launchpool event, where participants can stake CATI tokens and gaming assets to earn 8.3 million ZRC rewards.
• Tether, the world’s most popular stablecoin issuer, has officially launched its USDT stablecoin on the Aptos (APT) blockchain.
• US retail trading platform Robinhood will allow trading in US presidential election event contracts, as it seeks to capitalize on growing retail demand for betting products.
• The CARV team, a modular identity and data layer for Web3 gaming and AI ecosystems, has announced they will allocate 1.2% of $CARV tokens to Aethir for a dedicated staking pool.
• Tron-based memecoin launch platform SunPump has partnered with crypto exchange LetsExchange, providing new exposure opportunities for meme projects within the SunPump community,
• Hong Kong's stock exchange operator, HKEX, will provide real-time and daily reference prices for Bitcoin and Ether in the Asian time zone through its newly announced HKEX Virtual Asset Index Series.
• The founder of Cardano, Charles Hoskinson, has reversed his critical stance on Bitcoin and announced that Cardano L1 is pivoting to become a Bitcoin L2.

III. Funding news

• Peter Thiel’s Founders Fund has invested in Infinex's new “patronage” fundraising model, which sold Patron NFTs to venture capitalists, angel investors, and the community, raising a total of $67.7 million.
• Gelato, a Web3 cloud platform for building enterprise-grade rollups, has completed an $11 million Series A+ round led by Hack VC.
• Stablecoin developer CAP Labs has completed a $1.9 million seed round led by Robot Ventures.
• Web3 startup Hana Network has completed a $4 million funding round led by Orange DAO.
• Bitcoin DeFi infrastructure bitSmiley has completed a $10 million Series B funding round, participated in by MH Ventures and Skyland Ventures.

IV. Regulatory news

• The Hong Kong Securities and Futures Commission (SFC) aims to issue the first set of formal licenses for virtual asset trading platform (VATP) applicants under ‘deemed-to-be-licensed’ status by the end of 2024.
• Hong Kong is planning to introduce a new stablecoin legislative framework by the end of 2024.

V. Popular projects 

Market overview

BTC has stabilized around $69,000 and is currently within the $71,000 range, attempting to break previous highs.

The $71,000-$72,000 range presents significant resistance, as BTC has pulled back after four previous attempts to break through.

Should BTC remain above $70,000, it could mirror its previous surge from $58,946 to $69,519, potentially reaching a short-term high near $76,000.

KEKEC: Unique background story

KEKEC, an Ethereum-based memecoin, draws inspiration from a dwarf named Balkwan who, once ridiculed by his town, became a music master with a magical flute. 

This distinctive backstory has resonated with some users. The KEKEC token currently has a liquidity of $1.4 million and a market cap of $28.35 million on the blockchain.

MSTR: Memecoin related to MicroStrategy

MSTR2100 is a memecoin on Ethereum, themed around MicroStrategy with the slogan "THERE IS NO SECOND BEST."

Similar to SPX6900, it acts as a decentralized version of MicroStrategy’s stocks and the S&P 500 index, capturing continuous community interest.

The token currently has a liquidity of $1.6 million and a market cap of $38.62 million.

HIGHER: Experimental memecoin

HIGHER is an experimental memecoin on the Base chain, designed to inspire artists, athletes, builders, and blockchain enthusiasts who aim to impact the world significantly.

This spirit has captivated a passionate community, similar to early Degen culture.

The token facilitates interaction via Farcaster, has liquidity of $2 million, and a market cap of $48 million.

CHEEMS: Trending memecoin on BSC

CHEEMS, a popular memecoin on BSC, features a Shiba Inu named Cheems known for a viral photo of it sitting on the ground.

Originally on the ZK ecosystem, the CHEEMS token later moved to BSC, where all liquidity was burned and control relinquished.

Recently, continuous purchases by KOL Christian2022.eth have dramatically increased its value, boosting its liquidity to $4.5 million and market cap to $90.38 million.

On-chain daily

1. LUCE/SOL: LUCE/SOL is a memecoin on Solana, featuring the mascot Luce, the official symbol for the Vatican's Holy Year 2025, which means "light" in Italian.

• On-Chain Token Holding Addresses: 16,324
• Current Price: $0.03901
• Market Cap: $38.3M
• Official Twitter: https://x.com/CatholicTV/status/1850904910180532432

2. LUCE/WETH: LUCE/WETH is the Ethereum version of the Vatican's Holy Year 2025 mascot.

• On-Chain Token Holding Addresses: 2,180
• Current Price: $0.059392
• Market Cap: $3.9M
• Official Twitter: https://x.com/LUCE_ETH

3. TRUMP: TRUMP is a Solana-based memecoin featuring a Trump image wearing a hat.

• On-Chain Token Holding Addresses: 460
• Current Price: $0.001173
• Market Cap: $1.1M
• Official Twitter: https://x.com/trumpwiffhat

4. BAN: BAN is a Solana-based memecoin inspired by Maurizio Cattelan's anti-traditional art piece "Comedian," first exhibited at Art Basel Miami Beach in 2019.

• On-Chain Token Holding Addresses: 8,859
• Current Price: $0.01076
• Market Cap: $11.1M
• Official Twitter: https://x.com/onsolban

5. .47: .47 is a Solana-based memecoin concept featuring the 47th President of the United States.

• On-Chain Token Holding Addresses: 13,509
• Current Price: $0.008725
• Market Cap: $7.9M
• Official Twitter: https://x.com/trump47forusa?s=21

6. TORO: TORO is a Solana-based memecoin featuring the Sony Corporation's mascot, Toro the cat.

• On-Chain Token Holding Addresses: 143,056
• Current Price: $0.006939
• Market Cap: $6.9M
• Official Twitter: https://x.com/ToroInoue_SOL

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 23 satoshis/byte
• Gas fees have risen significantly compared to the past, due to the minting of NUTTY•MCNUTSTEIN, which has led to an increase in Gas Fee.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 38 satoshis/byte
• Gas fees have plummeted and remained low recently, reflecting weak price movement.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $34.63
• 24-Hour Change: +4.5%
• Market Cap: $726.47M

DOG:

• Current Price: $0.004763
• 24-Hour Change: +1.2%
• Market Cap: $485M

FB:

• Current Price: $5
• 24-Hour Change: -2.5%
• Market Cap: $23.84M

Today's Popular Projects:

moondogs: The concept is dogs to the moon, implying that the token price can soar.

• Current Market Cap: $22K
• 24-Hour Trading Volume: $5,740
• 24-Hour Increase: +60%
• Number of Holders: 2,816

𝛑: 𝛑 is one of the leading inscriptions, with a generally increasing market cap and growing community size over the past month.

• Current Market Cap: $58M
• 24-Hour Trading Volume: $30.7K
• 24-Hour Increase: +15%
• Number of Holders: 27,523

SAIKO•HAMSTER: SAIKO•HAMSTER is a Rune token featuring a cute hamster.

• Current Market Cap: $8M
• 24-Hour Trading Volume: $60K
• 24-Hour Increase: +44%
• Number of Holders: 2,175

Performances of today's top three tracks

DeFi: Overall daily sector change: +4.63%

1. BOND: BarnBridge is a DeFi risk tokenization protocol.

• Daily Increase: 44.43%
• Current Price: $2.152
• Current Market Cap: $743.96K
• 24-Hour Trading Volume: $20.86M
• Recent News: BarnBridge DAO agreed to halt the unregistered sale of Smart Yield.

2. PRISMA: Prisma Finance is a DeFi protocol primarily focused on utilizing Ethereum liquidity staking tokens (LSTs). Prisma Finance's governance token is PRISMA.

• Daily Increase: 24.89%
• Current Price: $0.03643
• Current Market Cap: $2.83M
• 24-Hour Trading Volume: $418.59K
• Recent News: Null

3. GMX: GMX is a decentralized exchange (DEX) for trading cryptocurrency perpetual futures, supporting up to 50x leverage.

• Daily Increase: 15.09%
• Current Price: $24.33
• Current Market Cap: $237.95M
• 24-Hour Trading Volume: $34.69M
• Recent News: Optimized Dapp performance.

AI: Overall daily sector change: +5.28%

1. HEART: HEART is a comprehensive platform for large-scale AI-based creation and governance.

• Daily Increase: 14.34%
• Current Price: $0.02281
• Current Market Cap: $144.17M
• 24-Hour Trading Volume: $751.59K
• Recent News: Showcased the first generation Human at the NVIDIA AI India Summit and delivered a speech.

2. TRAC: OriginTrail is a knowledge graph that can organize, discover, and verify various items such as supply chain projects, artworks, diplomas, certificates, NFTs, DeFi, etc.

• Daily Increase: 13.59%
• Current Price: $0.5758
• Current Market Cap: $233.83M
• 24-Hour Trading Volume: $2.61M
• Recent News: Participated in DKGC in 2024

3. LAI: CryptoGPT is an AI-supported ZK Layer-2 blockchain.

• Daily Increase: 8.71%
• Current Price: $0.01348
• Current Market Cap: $4.29M
• 24-Hour Trading Volume: $2.14M
• Recent News: The mainnet is being integrated into exchanges such as HTX, MEXC, Bybit, Bitget, etc.

Meme: Overall daily sector change: +6.22%

1. DOG: The concept is based on the original Doge NFT minted by Atsuko Sato.

• Daily Increase: 44.58%
• Current Price: $0.00712
• Current Market Cap: $106.3M
• 24-Hour Trading Volume: $3M
• Recent News: Null

2. GME: GME is a Solana-based memecoin commemorating the anniversary of the GameStop event.

• Daily Increase: 29.01%
• Current Price: $0.00467
• Current Market Cap: $32.15M
• 24-Hour Trading Volume: $13.96M
• Recent News: Null

3. BITCOIN: The concept is Bitcoin. It was announced as a full community takeover.

• Daily Increase: 24.56%
• Current Price: $0.3057
• Current Market Cap: $305.64M
• 24-Hour Trading Volume: $8M
• Recent News: Null

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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