BTC dominance is down from 61% to 59.8% - signaling a move to Alts

BTC dominance is down from 61% to 59.8% - signaling a move to Alts

Hot projects + Market overview

I. Mainstream exchange news

  • WOO X has listed the ACT (AI Prophecy), PNUT (Peanut the Squirrel), and HAPPY (Happy Cat) tokens for spot tradings, as well as the VIRTUAL/USDT and HIPPO/USDT pairs for perpetual contracts.
  • Binance has clarified that the upcoming BFUSD is a reward margin asset used for futures trading, not a stablecoin.
  • Bitget has launched the RIFSOL/USDT perpetual contracts with up to 20x leverage and the BAN/USDT  perpetual contracts with up to 75x leverage.
  • HTX has listed the RIF (Rifampicin) token and opened deposit services.
  • Bybit has listed the MAJOR/USDT, USUAL/USDT, and RIF/USD pairs for perpetual trading and the Comedian (BAN)token for spot trading.
  • Binance has listed the BAN/USDT and AKT/USDT perpetual contracts and launched the Fractal Bitcoin (FB) joint mining through Binance Pool.
  • OKX has launched the OL (Open Loot) token for spot trading.

II. Mainstream projects and trending events

  • Jito, a liquidity staking protocol based on Solana,  has opened the (re)staking deposit feature, with a limit of 50 million USD.
  • DeFi lending protocol MORPHO token transfer function will be enabled on November 21.
  • Following Ethereum founder Vitalik Buterin's visit to MOODENG, the MOODENG token price on Ethereum has increased by over 149%.
  • Elon Musk has revealed that he still owns a bunch of dogecoin and his company SpaceX still owns bitcoins.
  • The US Options Clearing Corporation (OCC) has announced that IBIT options will be listed and traded.
  • According to CloverPool data, the difficulty of Bitcoin mining has increased by 0.63% to 102.29 T on November 19, reaching a new historical high.
  • Donald Trump had a private meeting with Coinbase CEO Brian Armstrong.
  • Magic Eden, the world's largest multichain cryptocurrency platform, has announced its ME tokenomics. The platform features a total supply of 1 billion ME tokens, with 12.5% allocated for the initial airdrop at the Token Generation Event (TGE).
  • GOLDMAN Sachs Group is planning to spin its wholly-owned technology platform, GS DAP® from its Digital Assets business, to ultimately become an industry-owned distributed technology solution. 
  • Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. 
  • According to data from Electric Capital, the number of developers in the cryptocurrency industry has shown an overall downward trend and only Base saw a 14% year-on-year increase in the number of full-time developers, reaching 889.

III. Funding news

  • Ryze Labs and ai16z, the first venture capital firm run by autonomous AI agents investing in AI-driven innovation, has launched an AICombinator program and $5M USD fund aimed at supporting the growth of the ai16z ecosystem. 

IV. Popular projects 

Market overview

Bitcoin's dominance has decreased from a peak of 61% to 59.86%, indicating a positive rotation into older cryptos, though without sector-wide momentum yet. This shift is seen as beneficial for altcoins.

Assuming Bitcoin fluctuates between $83,000 and $93,000, a considerable rebound in TOTAL3 (excluding BTC, ETH, and USDT) is anticipated.

Monitoring the ETH/BTC ratio could be vital for assessing the sustainability of the altcoin rebound, which is currently marked by older coins rallying against Bitcoin.

VVAIFU: AI memecoin with rising heat  

VVAIFU is gaining traction as a novel AI memecoin on Solana, offering an autonomous AI agent akin to pump.fun.

It allows users to quickly deploy AI agents for a minimal cost. AI tokens are launched through Pump.fun’s binding contracts, enabling auto-posting on X at creation.

With its unique operational model, VVAIFU has reached a market cap of $200 million.

HAT: Rising star in AI agent projects

HAT, known as Top Hat, is a no-code AI agent platform that allows users to create personalized AI agents in three minutes, which can automatically post on Telegram and X.

The ecosystem's leading AIs, RoastMaster9000 and Kolin, have market caps of $5 million and $2 million, respectively.

The HAT token has $1.2 million in on-chain liquidity and a total market cap of $36 million.

DEGENAI: A close cousin to Ai16z

DEGENAI, developed by the same team behind Ai16z, is another AI agent fund launched on the daos.fun platform.

Both tokens allow investors to profit from the fund’s investment returns. DEGENAI acts as the fund manager for Ai16z, mainly earning from management fees. 

Currently, DEGENAI has a market cap of $44.68 million.

HGPT: AI solution marketplace on the rise

HyperGPT is a marketplace for AI solutions and SDKs, where users can access integrated AI solutions.

Supported by blockchain technology, the platform facilitates the secure, transparent buying, selling, and trading of AI applications.

HGPT has $275,000 in on-chain liquidity and a market cap of $16.85 million.

E=MC²: Top formula-themed meme

The formula-themed memecoin E=MC² has rapidly gained popularity, briefly reaching a market cap of over $10 million. 

It stands out among formula-based memecoins, with current on-chain liquidity of $320,000 and a market value of $2.6 million.

ZEREBRO: AI and Meme Fusion Leading the Way

Zerebro is an AI system fine-tuned for schizophrenic responses and data extraction from endless backstage conversations.

It autonomously produces and shares content across social media and crafts blockchain-based art.

Entirely self-released on pump.fun and autonomously launched artworks on Polygon, ZEREBOR leads the AI agent sector with its rapid iteration rate and a market cap of $320 million.

On-chain daily

1. $URO: $URO is a memecoin on the Solana blockchain, introduced as one of the official DeSci memecoins by Pump.Science, alongside $RIF. Urolithin A is a compound naturally found in pomegranates, known for its ability to "clean up" cells. It helps clear aging, and dysfunctional mitochondria, allowing fresh and healthy mitochondria to thrive. Think of it as a reset button for cells, helping them maintain optimal function.

2. RSC: RSC is a memecoin on the Ethereum blockchain, launched by the crypto science platform co-founded by Coinbase CEO Brian Armstrong. This DeSci initiative aims to revolutionize the traditional publication model for scientific research journals.

3. ELIZA: ELIZA is a memecoin on the Solana blockchain, positioned as an AI agent within the vvaifu memecoin issuance platform. Created by Ai16z, ELIZA currently represents the largest share in Ai16z's wallet.

4. SEKOIA: SEKOIA is a memecoin on the Base blockchain, issued by the AI agent platform Virtuals Protocol. The project is backed by the founder of Canonical, a crypto VC known for investing in prominent AI projects such as Gensyn, Ritual, Sahara, Nuffle Labs, and Tensorplex Labs. The founder has committed fully to SEKOIA and plans its first investment soon.

  • On-Chain Token Holding Addresses: 3,303
  • Current Price: $0.0227
  • Market Cap: $22.7 million

5. BERT: BERT is a memecoin on the Solana blockchain featuring a popular Pomeranian internet celebrity with nearly 400k Instagram followers.

6. BAKKT: BAKKT is a memecoin on the Solana blockchain, tied to rumors that Trump plans to acquire Bakkt and retain 53% of its shares fully.

  • On-Chain Token Holding Addresses: 17,447
  • Current Price: $0.183
  • Market Cap: $18.3 million
  • Official Twitter: Null

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

AI: Overall daily sector change: +4.62%

1. AKT: Akash Network is a decentralized peer-to-peer marketplace for cloud computing.

  • Daily Increase: 29.38%
  • Current Price: $4.369
  • Current Market Cap: $1.08B
  • 24-Hour Trading Volume: $329.8M
  • Recent News: Recently listed on Binance Futures.

2. PAAL: PAAL is an artificial intelligence information engine that searches vast knowledge domains, market data, and curated news to provide a comprehensive perspective.

  • Daily Increase: 24.55%
  • Current Price: $0.17982
  • Current Market Cap: $154.65M
  • 24-Hour Trading Volume: $5.97M

3. RJV: Rejuve.AI is a decentralized AI-driven longevity research network. Rejuve monitors key health metrics to extend users' lifespans and accumulate RJV tokens in the process.

  • Daily Increase: 19.76%
  • Current Price: $0.02168
  • Current Market Cap: $13.31M
  • 24-Hour Trading Volume: $2.31M

L2: Overall daily sector change: +4.19%

1. MNW: Morpheus.Network is dedicated to helping companies and government agencies eliminate barriers to digitalization, optimization, and automation of global supply chain operations.

  • Daily Increase: 13.20%
  • Current Price: $0.3575
  • Current Market Cap: $13.41M
  • 24-Hour Trading Volume: $97.31K

2. A8: Ancient8 is the infrastructure for GameFi, focusing on software and community. Ancient8 is building GameFi Identity and Launchpad products as marketing distribution channels for GameFi and Metaverse projects to attract millions of users.

  • Daily Increase: 11.60%
  • Current Price: $0.0837
  • Current Market Cap: $17.83M
  • 24-Hour Trading Volume: $1.87M

3. SKL: SKALE is an Ethereum-native modular blockchain network with 0 gas fees, allowing developers to deploy their own EVM blockchains in minutes with enhanced performance without sacrificing security or decentralization.

  • Daily Increase: 9.83%
  • Current Price: $0.04727
  • Current Market Cap: $244.82M
  • 24-Hour Trading Volume: $74.52M

SocialFi: Overall daily sector change: +3.44%

1. BBL: beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Its products include a web-based chat application and a toolkit that allows Dapps to integrate.

  • Daily Increase: 25.75%
  • Current Price: $0.00586
  • Current Market Cap: $1.26M
  • 24-Hour Trading Volume: $1.07M

2. CHZ: Chiliz is a blockchain fintech provider for sports and entertainment. Chiliz developed the blockchain-based fan engagement and rewards platform Socios.com, which is built on the Chiliz blockchain infrastructure and uses CHZ as its exclusive platform currency.

  • Daily Increase: 13.41%
  • Current Price: $0.0812
  • Current Market Cap: $740.69M
  • 24-Hour Trading Volume: $517.6M
  • Recent News: 

Bitget will distribute airdrop PEPPER to users holding Chiliz (CHZ)-10.10

Binance will support a 1000PEPPER airdrop for CHZ holders -10.9

3. RFR: Refereum is a blockchain-based gaming rewards and marketing platform.

  • Daily Increase: 12.24%
  • Current Price: $0.00002155
  • Current Market Cap: $105.11K
  • 24-Hour Trading Volume: $1.03K

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.

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