Altcoin index points to a strong rally

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has launched the MAGA/USDT perpetual contracts with up to 10x leverage.
• Binance will launch the BNSOL Super Stake, allowing users who hold BNSOL in their Binance account, or Web3 Wallet, to receive periodic APR Boost Airdrop Rewards.
• Bitget has listed the COW/UDST perpetual contracts with up to 75x leverage.
• Binance has listed COW/USDT and CETUS/USDT trading pairs and will delist COS/BTC and FXS/BTC spot trading pairs on  November 8.
• Crypto.com has launched the Level Up rewards program, offering tiered rewards on bank deposits, cash balances, and spending with its new credit card.
• Gate.io has introduced an AI Crypto Picker feature to assist users in optimizing investment decisions.

II. Mainstream projects and trending events

• SushiSwap, a decentralized exchange on the Ethereum blockchain, launched Vesting Launch, a memecoin platform with a linear vesting feature.
• Lumoz, a zero-knowledge computation project, has launched Sui and Aptos airdrops to users in the Move ecosystem.
• Bitcoin DeFi infrastructure bitSmiley has started accepting airdrop claims.
• Magic Eden, a popular multichain crypto platform, plans to expand from NFT trading to token trading and add support for a launchpad and borrowing features.
• The Avalanche Foundation announced that it has completed the buyback of 1.97 million AVAX tokens held by the Luna Foundation, valued at approximately $52 million.
• Pump.fun, a Solana token issuance protocol, set a new monthly revenue record in October, generating $30.5 million, surpassing its previous record of $28.64 million from July.
• Starknet, an Ethereum Layer 2 network, released its latest roadmap, highlighting a short-term focus on reducing fees as demand for Ethereum blobs grows.
• BNBChain has launched a one-stop tokenization solution aimed at helping individuals and small businesses easily enter Web3.

III. Funding news

• Stablecoin protocol Usual has completed a $1.5 million community funding participated in by Breed Syndicate.
• Web3 chain game A-World has completed a $5 million Series A round led by IBGTG Capital and Sketch Venture.

IV. Regulatory news

• Agustín Carstens, General Manager of the Bank for International Settlements (BIS), announced that preliminary work on the multilateral central bank digital currency bridge (Project mBridge) is complete, and the project is now ready for handover to participating parties.

V. Popular projects 

​​Market overview

Bitcoin has hit a record high of $76,400 before pulling back. If it stays above $74,432, further gains are expected.

The Ethereum to Bitcoin exchange rate has also rebounded from 0.034 to 0.038, boosting the performance of altcoins. 

The TOTAL3 index, which gauges the performance of altcoins has reached a high of $653 billion, signaling a robust rally and a period of intense trading activity.

COW: Legacy DeFi project reignites

CowSwap (COW), a DEX aggregator with MEV protection, matches trades across various liquidity sources via batch auctions.

Recently, its visibility increased with a Binance spot listing and a Bitcoin-driven altcoin rally.

As a veteran in the DeFi sector, CowSwap has notably contributed to the DeFi market's recent surge, with its market cap now standing at $156 million. 

LUCE: Mascot for the Vatican's 2025 Holy Year

LUCE, the official mascot for the Vatican's Holy Year 2025, was inspired by the church's desire to resonate even within the popular culture cherished by the youth.

Thriving with religious significance, the LUCE token's value grew rapidly since its lunch on Pump.fun.

Currently, LUCE has $11.2 million in on-chain liquidity, a market cap of $63 million, and over 27,600 daily transactions.

UXLINK: Trading volume boosted on multiple key developments

UXLINK's trading volume has surged after a strategic investment from Animoca Brands and a recent listing on South Korea's largest exchange, Upbit, supporting KRW, BTC, and USDT pairs.

The rise continued with DBS Bank's investment and participation in a staking event, culminating in a 24-hour trading volume of over $1.8 billion and a market cap of $160 million.

KEYCAT: The Viral Keyboard Cat Meme 

KEYCAT capitalizes on the viral "Keyboard Cat" meme, featuring Fatso, a cat known for its musical talent on keyboards. 

Since its debut in 2007, Fatso, along with successors Bento and Skinny, has entertained internet audiences with their playful piano antics.

Built on the BASE ecosystem, KEYCAT's token has reached a market cap of $55 million, capturing the hearts of meme lovers worldwide.

JOE: Ethereum’s vintage memecoin

JOE, a longstanding Ethereum-based memecoin, features a widely popular emoticon. Its active development team and community, especially on Telegram, have kept it in the spotlight recently.

Concerns about upcoming liquidity unlock in 11 months led to a significant extension by the founder, stretching the unlock period by 256 years.

This move reassured the community, prompting a buying spree by influencer @AgentChud. JOE currently has a market cap of $63.88 million, ranking 606th.

On-chain daily

1. RETIRE: A memecoin on Solana, conceived as a 401K fund within the cryptocurrency space, symbolizing retirement funds while also possessing cult-like attributes.- On-Chain Token Holding Addresses: 3,661- Current Price: $0.00896- Market Cap: $8.9M- Official Twitter: https://x.com/thelastplaysol
2. LUCE: A memecoin on Solana featuring the mascot announced by the Vatican for the Holy Year 2025, with many fan creations visible on Twitter.- On-Chain Token Holding Addresses: 19,866- Current Price: $0.057- Market Cap: $57M- Official Twitter: https://x.com/CatholicTV/status/1850904910180532432
3. $DJT4700: A memecoin on Ethereum, based on the concept of Trump being elected as the 47th President of the United States, featuring a cute Japanese-style version of Trump and also paying homage to the SPX 6900 concept.- On-Chain Token Holding Addresses: 1,449- Current Price: $0.00474- Market Cap: $4.7M- Official Twitter: https://x.com/djt4700eth
4. JOE: A memecoin on Ethereum, an established memecoin project featuring a jellybean emoji, overall possessing cult-like attributes, similar in style to Milady and $bitcoin.- On-Chain Token Holding Addresses: 6,807- Current Price: $0.0619- Market Cap: $61.9M- Official Twitter: https://twitter.com/joecoin_
5. BITCOIN: A memecoin on Ethereum, officially named HarryPotterObamaSonic10Inu, a meme from the last bear market featuring a combination of Pepe and Sonic the Hedgehog. This meme became popular on the image discussion site 4chan in the US, recognized as one of the early classic autistic meme creations.- On-Chain Token Holding Addresses: 18,959- Current Price: $0.281- Market Cap: $281M- Official Twitter: https://twitter.com/RealHPOS10I
6. MOG: A conceptual memecoin related to Milady OG, rumored to be associated with members of the Milady community, with many early investors in MOG identified on-chain as Milady whales.- On-Chain Token Holding Addresses: 35,733- Current Price: $0.0005229- Market Cap: $826M- Official Twitter: https://twitter.com/MogCoinEth

Bitcoin Ecosystem Overview

aiordinals: An AI-themed inscription on the Fractal Bitcoin blockchain, the community is in its early stages. 

• Current Market Cap: $10M
• 24-Hour Trading Volume: $490.76
• 24-Hour Increase: +1.59%
• Number of Holders: 2,027

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

• Current Market Cap: $94.57M
• 24-Hour Trading Volume: $130.67M
• 24-Hour Increase: +23.16%
•  Number of Holders: 28,545

DOG•GO•TO•THE•MOON: A Rune token featuring a dog-themed concept with the implication of prices soaring to the moon. Its market cap increased by 100M in two days.

• Current Market Cap: $459.7M
• 24-Hour Trading Volume: $482.78K
• 24-Hour Increase: -1.27%
• Number of Holders: 92,884

Performances of today's top three tracks

DeFi: Overall daily sector change: 14.48%

1. Stader: Stader is a non-custodial smart contract-based staking platform that helps users conveniently discover and access staking solutions to maximize staking returns.

• Daily Increase: 64.87%
• Current Price: $0.8587
• Current Market Cap: $39.5M
• 24-Hour Trading Volume: $11.52M
• Recent News: Null

2. CETUS: Cetus is a DEX and concentrated liquidity protocol focused on Move-based ecosystems such as Aptos and Sui.

• Daily Increase: 56.08%
• Current Price: $0.3253
• Current Market Cap: $104.92M
• 24-Hour Trading Volume: $449.76M
• Recent News: Null

3. BOND: BarnBridge is a DeFi risk tokenization protocol. Its application allows users to select from opposing pools known as tranches and take positions on risk factors like interest rates or asset prices.

• Daily Increase: 44.43%
• Current Price: $2.152
• Current Market Cap: $20.86M
• 24-Hour Trading Volume: $827.87K
• Recent News: Null

RWA: Overall daily sector change: 12.53%

1. PRCL: ParcL is a real estate derivatives protocol that allows users to invest in one square foot of real property through its price index, which replicates the price per square foot in various communities.

• Daily Increase: 32.74%
• Current Price: $0.3402
• Current Market Cap: $53.38M
• 24-Hour Trading Volume: $31.08M
• Recent News: Null

2. LMR: Lumerin Protocol is an open-source project dedicated to decentralized data flow routing. Its first development project is the Lumerin computing power market, a peer-to-peer platform that makes Bitcoin computing power tradable and liquid, unlocking mining profitability and providing more opportunities to access capital and computing power globally.

• Daily Increase: 30.62%
• Current Price: $0.01557
• Current Market Cap: $9.72M
• 24-Hour Trading Volume: $249.38K
• Recent News: Null

3. MPL: A decentralized corporate credit market. Maple provides borrowers with transparent and efficient financing services that are fully completed on-chain.

• Daily Increase: 24.33%
• Current Price: $27.463
• Current Market Cap: $215.16M
• 24-Hour Trading Volume: $10.99M
• Recent News: Null

Layer2: Overall daily sector change: 10.78%

1. GEL: Gelato Network is the automation and relay network for Web3, enabling developers to automatically execute various arbitrary smart contracts on all EVM-compatible blockchains, such as Ethereum.

• Daily Increase: 24.05%
• Current Price: $0.2223
• Current Market Cap: $48.18M
• 24-Hour Trading Volume: $336.56K
• Recent News: Gelato completes a $11 million Series A+ financing round led by Hack VC - 10.28

2. TlA: Celestia is a sharded blockchain network aiming to build a scalable data availability layer for the next generation of scalable blockchain architectures - modular blockchains, designed to make it easy for anyone to deploy their own blockchain with minimal overhead.

• Daily Increase: 17.32%
• Current Price: $5.289
• Current Market Cap: $2.15B
• 24-Hour Trading Volume: $559.35M
• Recent News:

Cross-chain bridge from Celestia to Eclipse is open - 11.5

Celestia will launch Ginger upgrade - 11.25

Tokens such as TIA, SUI, and OP will see significant unlocks this week - 10.28

3. STRK: StarkNet is a permissionless decentralized Validity-Rollup.

• Daily Increase: 16.61%
• Current Price: $0.4233
• Current Market Cap: $888.7M
• 24-Hour Trading Volume: $133.08M
• Recent News:

Starknet updates its roadmap with a short-term focus on reducing fees - 11.6

Starknet's cross-chain bridge StarkGate v2.0 Beta is launched on the mainnet - 10.30

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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