BTC must break above $70K for an upward trend
Hot projects + Market overview
I. Mainstream exchange news
- WOO X has listed the ARCA/USDT spot trading and launched the COOK trading incentive plan.
- Binance has listed the PONKE/USDT perpetual contracts with up to 75x Leverage.
- bitSmiley (SMILE) will be listed on Bitget PoolX on November 6. Users will be able to earn SMILE airdrops by locking BTC or BGSOL.
- Bybit has added BBSOL to its unified trading account.
II. Mainstream projects and trending events
- SHIB, one of the most well-known memecoins, has released the S.H.I.B. plan proposal to establish an innovation and blockchain strategy center in the United States.
- Paxos, a regulated financial institution specializing in blockchain technology and digital assets, has launched the open network Global Dollar Network to accelerate and reward the adoption of stablecoins.
- According to Cointelegraph, Cartwright, a UK pension expert, has indicated that an unnamed pension plan has allocated 3% of its £50 million ($65 million) funds to Bitcoin.
- Grayscale has filed a Form 19b-4 with the New York Stock Exchange Arca, Inc.(NYSE Arca) proposing to list and trade the Grayscale Digital Large Cap Fund (GDLC) as an exchange-traded product (ETP).
- Swell Network’s SWELL airdrop claim page is live, claims will open on November 7.
- Namada, a privacy-focused public blockchain, will launch a mainnet trial.
- Catizen Launchpool will list RoOLZ (GOLD) on November 7.
- In October, Solana reached a new record with over 123 million active addresses, marking the highest in its history.
- Circle's CEO Jeremy Allaire sees Hong Kong as a key market for USDC. The company is planning expansion and awaiting new stablecoin regulations to consider licensing.
III. Funding news
- On-chain identity project Phi has completed a strategic funding round led by Neoclassic Capital.
- Crypto startup Vlayer had completed a $10 million pre-seed round, participated in by a16z CSX.
- Solana restaking protocol Fragmetric has completed its first round of funding, participated by Solana founder Anatoly Yakovenko.
- Artificial intelligence startup, Physical Intelligence, has completed a $400 million funding round led by Amazon's executive chairman Jeff Bezos.
- Web3 gaming platform GameBeast has completed a $2 million seed round, led by Tido Capital and T Fund.
IV. Regulatory news
- The Monetary Authority of Singapore (MAS) plans to advance tokenization in financial services.
V. Popular projects
Market overview
Bitcoin has been traded below its 4-hour MA140 at $68,032, signaling continued downward pressure with potential dips below $66,000. A breakout above $70,600 is needed to shift this downtrend.
Against the backdrop of the US Presidential elections, Bitcoin's price is also influenced by shifts in Donald Trump's polling numbers. Recently, Arkham tweeted that BlackRock invested $2 billion in Bitcoin, suggesting a potential upward trajectory for Bitcoin, regardless of the election results.
TROY: Gaming sector movement
TroyWar (TROY), a Metaverse and GameFi RTS tower defense game launched on Binance in 2019, recently experienced token volatility following the introduction of its perpetual contract on Binance on November 1.
This development has prompted close monitoring of whether this token can drive an uptick in the gaming sector.
Currently, TROY has a market cap of $42 million.
AI16Z: Pioneering AI DAO on Solana
AI16Z is a decentralized AI trading fund on Solana, which has attracted considerable attention by utilizing AI to analyze on-chain and off-chain data for token trading.
The concept gained further visibility when Marc Andreessen, founder of venture capital firm a16z, shared an image related to AI16Z.
After experiencing a dramatic surge and drop in its value, AI16Z currently has a market cap of $24 million with $350,000 in on-chain liquidity.
NOS: Enhancing AI inference with efficient GPU grid
Nosana CI (NOS), a highly efficient GPU grid tailored for AI inference workloads, allows consumers, miners, and enterprises to monetize idle hardware by becoming Nosana nodes.
As mentioned in Coinbase's latest AI report, Nosana has announced a mainnet launch set for January 14, 2025.
As of November 5, the Nosana network has logged over one million hours of AI inference, indicating rising interest, with a market cap of $263 million.
SD: Staking for high returns
Stader (SD) is an unmanaged staking platform that simplifies access to staking solutions, maximizing returns with a TVL of $400 million and cumulative earnings exceeding $25 million.
Following a strategic token burn from 150 million to 120 million, SD was included in Coinbase's listing roadmap on July 10.
Staking in the SD Utility Pool offers an annual return above 14%, with a commitment to buy back tokens using 20% of quarterly earnings, supporting a current market cap of $25.3 million.
PEPECOIN: Pepe-themed memecoin
Pepecoin was planned as early as 2016, inspired by the Pepe meme, but its launch faltered.
Reignited by the viral success of PEPE memecoin in 2023, the team issued the Pepecoin following the meme's popularity.
Pepecoin has seen a peak market cap of over $800 million, now stable at $280 million with $6.3 million in on-chain liquidity, proving its strong speculative potential within the Pepe-themed token niche.
On-chain daily
1. TRUMP2024/SOL: TRUMP2024/SOL is a memecoin on Solana, themed around the Trump-related coin for the US presidential election.
- On-Chain Token Holding Addresses: 6,794
- Current Price: $0.00331
- Market Cap: $3.3M
- Official Twitter: https://x.com/Trump4win2024
2. Haggis: Haggis is a memecoin on Solana, themed around the critically endangered pygmy hippo born in the Edinburgh Zoo, similar to the recently popular MOODENG from a Thai zoo, now community-driven (CTO).
- On-Chain Token Holding Addresses: 8,035
- Current Price: $0.00708
- Market Cap: $7M
- Official Twitter: https://x.com/HaggisTheHippo
3. MAJOR: MAJOR is a memecoin on Solana, themed around a 2013 incident where NASA's LADEE spacecraft captured an image of a frog flying during its launch.
- On-Chain Token Holding Addresses: 364
- Current Price: $0.00193
- Market Cap: $1.9M
- Official Twitter: https://x.com/TheMajorFrog
4. retire: retire is a memecoin on Solana, themed as the 401K fund in cryptocurrency, signifying a retirement fund with cult-like attributes.
- On-Chain Token Holding Addresses: 2,732
- Current Price: $0.00457
- Market Cap: $4.5M
- Official Twitter: https://x.com/thelastplaysol
5. TEE: TEE is a memecoin on Ethereum, themed as the true AI memecoin, proven by technology to be autonomously operated by AI.
- On-Chain Token Holding Addresses: 4,223
- Current Price: $0.0165
- Market Cap: $16.5M
- Official Twitter: https://x.com/tee_hee_he
6. PEANUT: PEANUT is a memecoin on Ethereum, themed around the American internet celebrity squirrel "Peanut," which was recently "arrested" by New York State environmental officials for euthanasia. The rough behavior of the law enforcement agency sparked public outrage, even gaining support from Elon Musk and Donald Trump on Twitter, escalating the incident into a struggle between Democrats and Republicans, making it a new Trump-themed coin.
- On-Chain Token Holding Addresses: 2,502
- Current Price: $0.0(4)1205
- Market Cap: $5M
- Official Twitter: https://x.com/PeanutCoinErc
Bitcoin Ecosystem Overview
BTC Mainnet Gas Fee Update:
- Current BTC Transaction Fee: 2 satoshis/byte
- Gas fees are in a low-price trend.
Fractal Bitcoin Gas Fee Update:
- Current Transaction Fee: 2 satoshis/byte
- Gas Fee prices have plummeted significantly, with a recent trend of low activity, and the average level over the past two days is a new low in recent times.
Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:
ORDI:
- Current Price: $30.34
- 24-Hour Change: -4.78%
- Market Cap: $637.15M
DOG:
- Current Price: $0.00341
- 24-Hour Change: -6.24%
- Market Cap: $340.74M
FB:
- Current Price: $4.76
- 24-Hour Change: -8.23%
- Market Cap: $24.95M
Today's Popular Projects:
FBmainchain: Fractal Bitcoin Inscription, featuring the Fractal Bitcoin main chain. It is one of the few inscriptions that have performed well recently.
- Current Market Cap: $56.73M
- 24-Hour Trading Volume: $137.11K
- 24-Hour Increase: +7.95%
- Number of Holders: 9,121
𐊶: As one of the leading inscriptions, it has seen a noticeable increase in trading volume over the past week, with a large community size and an increasing number of holders. It has a significant increase today, with a market cap that has risen by 61% compared to yesterday, and a trading volume that has increased by 144%.
- Current Market Cap: $94.49M
- 24-Hour Trading Volume: $232.59K
- 24-Hour Increase: +63.38%
- Number of Holders: 3,859
DOG•GO•TO•THE•MOON: Rune, themed around the dog-themed memecoin going to the moon, implying a skyrocketing price.
- Current Market Cap: $368.19M
- 24-Hour Trading Volume: $248.97K
- 24-Hour Increase: -0.12%
- Number of Holders: 92,825
Performances of today's top three tracks
Meme: Overall daily sector change: -1.63%
1. DINO: A memecoin on Ethereum, a collection of various applications.
- Daily Increase: 51.33%
- Current Price: $0.01
- Current Market Cap: $3.26M
- 24-Hour Trading Volume: $154.25K
- Recent News: Age of Dino announced its token economic model: AOD total supply of 200 million tokens, with 10% allocated for airdrops - 10.11
2. MICHI: A memecoin on Solana, featuring an image of a standing kitten, is now announced as a full community takeover.
- Daily Increase: 12.3%
- Current Price: $0.3762
- Current Market Cap: $210.75M
- 24-Hour Trading Volume: $19.54M
- Recent News: Null
3. ACT: An AI memecoin on Solana, similar in generation to GOAT. Act I is another AI project funded by a16z founder Marc Andreessen, with members including Truth Terminal founder Andy Adyrey.
- Daily Increase: 18.85%
- Current Price: $0.02131
- Current Market Cap: $20.21M
- 24-Hour Trading Volume: $27.63M
- Recent News: ACT developers sold 34.2 million ACT tokens, worth approximately $730,000 - 11.1
CeFi: Overall daily sector change: -0.81%
1. TROY: A smart hybrid asset management platform that aggregates liquidity from major DEXs, centralized exchanges, liquidity pools, and other necessary sources into a global pool.
- Daily Increase: 69.35%
- Current Price: $0.00425
- Current Market Cap: $42.49M
- 24-Hour Trading Volume: $285.43M
- Recent News: Bitget listed TROY/USDT perpetual contracts with up to 75x leverage. - 11.1
2. AscendEx: A full-stack cryptocurrency trading platform co-founded by Wall Street investors, providing simple solutions for investment, trading, and profit, helping users maximize returns on their investment portfolios.
- Daily Increase: 6.28%
- Current Price: $0.035
- Current Market Cap: $26.03M
- 24-Hour Trading Volume: $1.2M
- Recent News: Null
3. Open Exchange Token: The first transparent public order book platform for global cryptocurrency spot, derivatives, and claims trading.
- Daily Increase: 14.16%
- Current Price: $0.00862
- Current Market Cap: $48.64M
- 24-Hour Trading Volume: $487.9
- Recent News: WOO X listed OX - 10.15
Payment: Overall daily sector change: -0.91%
1. CIRUS: Focused on Web3 solutions, providing personal data monetization and multi-chain wallet services. Its mission is to accelerate the ownership economy by establishing an entrance for individuals to own, manage, and monetize their greatest digital asset (data).
- Daily Increase: 16.01%
- Current Price: $0.00413
- Current Market Cap: $660.5K
- 24-Hour Trading Volume: $200.67K
2. MATH: A one-stop cryptocurrency solution platform.
- Daily Increase: 8.31%
- Current Price: $0.3
- Current Market Cap: $55.35M
- 24-Hour Trading Volume: $2.11M
3. Nimiq: Nimiq is a unique open-source payment system and cryptocurrency. It empowers everyone with decentralized yet simple payment capabilities.
- Daily Increase: 3.88%
- Current Price: $0.0014
- Current Market Cap: $17.54M
- 24-Hour Trading Volume: $65.16K
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.
The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.
Please note that this article includes references to third-party websites and data during provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.
Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.
We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.
