Bitcoin could hit $115K

Bitcoin could hit $115K

Hot projects + Market overview

I. Mainstream exchange news

  • HTX has listed the AVA (Travala) token.
  • Binance co-founder CZ has stated that Binance is holding a small stake in the X platform.
  • Bitget has launched the VELO/USDT and AVA/USDT perpetual contracts with up to 75x leverage. The CEX has also introduced a token distribution product named LaunchX and the first under it is project Fuel Network (FUEL).
  • Coinbase has added Parcl (PRCL) to its listing roadmap.
  • Binance has launched the AVA/USDT and DEGO/USDT perpetual contracts and listed the Velodrome Finance (VELODROME) token.

II. Mainstream projects and trending events

  • Pudgy Penguins NFT's floor price has risen to 34.80 ETH with its market value now just behind CryptoPunks.
  • According to the Chicago Mercantile Exchange, there is a 96% chance of the US Federal Reserve lowering interest rates by 25 basis points in December.
  • Michael Saylor, founder of MicroStrategy, has released Bitcoin Tracker information for the sixth consecutive week, hinting at another BTC acquisition.
  • Blockchain investment firm Pantera Capital founder Dan Morehead has stated the company's altcoin holdings include the TON, SOL, and ONDO tokens.
  • Hyperliquid's TVL has reached $470 million, surpassing Base network.
  • Donald Trump’s cryptocurrency project World Liberty has added $80,000 in AAVE tokens.
  • Donald Trump has confirmed that he plans to establish a US Bitcoin strategic reserve similar to the oil reserve.
  • ai16z founder Shaw has announced that ai16zEliza has integrated Farcaster and that Eliza v2 will be completed in two weeks.
  • The mainnet of Vana, a decentralized AI data liquidity network, has gone live.
  • Oku, a professional front-end trading platform based on Uniswap V3, has announced that it will soon deploy Uniswap V3 on Sonic.
  • NFT trading platform OpenSea has registered the OpenSea Foundation in the Cayman Islands.
  • Aave, a decentralized, open-source, non-custodial liquidity protocol based on Ethereum, has announced that Aave V4 is about to be launched.
  • Web3 health tech startup Pulse has partnered with Pump.science to launch a wearable device called PULSE ONE.

III. Funding news

  • DeSci project Big Pharmai has completed a fundraising round, and the company’s market value has exceeded $20 million.
  • MegaETH developer MegaLabs has raised $10 million from angel investors through the Echo platform.
  • Topology Ventures' new fund has raised $75 million to invest in cutting-edge. technologies including decentralized networks.

IV. Regulatory news

  • Korea Securities Futures Exchange has established a committee to manage the market volatility.
  • Malaysia's central bank is collaborating with several local financial institutions to explore the potential of wholesale central bank digital currency (CBDC) through a proof-of-concept study.

V. Popular projects

Market Overview 

Bitcoin has reached a new high of $106,648, following a surge past $98,500. It is forming an upward wave with short-term targets above $115,000. A larger correction is expected after this rally.

Bitcoin's market dominance is at 57.32%, with altcoins showing mixed performance. Traditional DeFi, RWA, and Trump-related concepts are anticipated to perform strongly.

AXOL: Sui ecosystem meme

AXOL is a Sui memecoin featuring a lizard as its mascot.

Recently, with the surge in SUI token prices, several memecoins within the Sui ecosystem, including AXOL, have seen a rise.

The AXOL token currently has $1.5 million in on-chain liquidity and a market cap of $70.32 million.

GOUT: BSC ecosystem meme

GOUT, a BSC memecoin, celebrates those who turn adversity into victory, inspired by events like Donald Trump's 2024 election win and Bitcoin reaching new highs.

It embodies the spirit of overcoming challenges and succeeding against the odds.

Currently, the GOUT token has $4.3 million in on-chain liquidity and a market cap of $92 million.

VVAIFU: Rising AI concept on Solana

VVAIFU positions itself as the autonomous AI agent version of Pump.fun on Solana, allowing creators to launch AI agents within seconds.

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.

After significant adjustments, VVAIFU has a current market cap of $85.56 million.

REKT: NFT-related concept gaining popularity

Rekt, one of Ethereum's largest avatar projects, originated from the Rektguy NFT collection and launched in May 2022. Its REKT token was fully unlocked during the Token Generation Event (TGE).

The project expanded with Rekt Drinks, a sparkling water brand leveraging the Rekt IP, which sold out in just 48 hours.

Driven by speculation around OpenSea's potential token launch and the hype from Pudgy Penguins' token release, the REKT token has surged over 50%, with a current market cap of $105 million.

SHRUB: Featuring Elon Musk's pet and Tesla mascot

Shrub is a memecoin featuring Elon Musk's pet and the mascot of Tesla. The token is completely community-driven, with the community actively creating and sharing content using Shrub's image.

The SHRUB token currently has $2 million in on-chain liquidity and a market cap of $51.35 million.

SPECTRE: AI ecosystem project

Spectre AI is an on-chain search engine currently in closed beta, designed to provide comprehensive crypto data insights.

Using machine learning, it offers detailed sentiment analysis, technical analysis, and token insights. Users can track market trends through customizable dashboards, sentiment scores, and dynamic UI features.

The SPECTRE token has reached a market cap of $56.66 million.

On-chain daily

1. NAINAI is an AI Agent token on Solana developed by the AI Agent engine GRIFFAIN. Most of its current functionality is limited to quoting tweets from other accounts.

2. IQIQ is a storage solution on Solana, designed as a novel database system optimized for the blockchain. It aims to reduce on-chain storage costs and address limitations in traditional data types.

3. TimmyTimmy is an AI Agent token on Solana centered around a virtual live streamer that operates 24/7 on platforms like Kick and Twitch. One percent of the token supply is allocated to cover server expenses, and the project will conclude once funds are depleted.

4. DRUGSDRUGS is a DeSci concept token on Solana launched by the platform behind ai16z, daos.fun. Its concept revolves around a DeSci ETF.

5. FUNFUN is an ecosystem token within Hyperliquid. Its products include an EVM cross-chain bridge and a dashboard providing data on tokens listed on the Hyperliquid exchange.

6. FARMFARM is an AI Agent game token within the Hyperliquid ecosystem. The game features AI creatures surviving and reproducing on a "farm." Its gameplay combines elements of Cryptokitties, Stardew Valley, and Pokemon Go, blending simulation, competition, and eSports.

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

  • The current BTC transaction fee is 4 satoshis/byte
  • The price trend remains consistently low.

Fractal Bitcoin Gas Fee Update:

  • Transaction fees have risen significantly to 82 satoshis/byte
  • Gas fees have risen significantly. 

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $35.86
  • 24-Hour Change: +3.03%
  • Market Cap: $752.84 million

DOG:

  • Current Price: $0.0092
  • 24-Hour Change: +6.97%
  • Market Cap: $929.12 million

FB:

  • Current Price: $4.72
  • 24-Hour Change: +1.71%
  • Market Cap: $38.74 million

Today's Popular Projects:

MoonCats: Featuring cats on the Moon.

  • Current Market Cap: $612.22K
  • 24-Hour Trading Volume: $524.57
  • 24-Hour Change: -7.1%
  • Number of Holders: 31,208

𝛑: One of the leading inscription projects with a large, active community.

  • Current Market Cap: $556.05 million
  • 24-Hour Trading Volume: $1.24 million
  • 24-Hour Change: +0.1%
  • Number of Holders: 50,711

DOG•GO•TO•THE•MOON: Its abbreviation is DOG, based on the concept of dogs and a leading rune.

  • Current Market Cap: $936.47 million
  • 24-Hour Trading Volume: $723.1K
  • 24-Hour Change: +5.48%
  • Number of Holders: 99,073

Performances of today's top three tracks

NFT: Overall Daily Sector Change: +7.63%

1. MOCA: A metaverse product by Animoca Brands, featuring bold and infinitely creative creatures.

  • Daily Increase: +345.67%
  • Current Price: $0.39001
  • Market Cap: $497.02 million
  • 24-Hour Trading Volume: $29.63 million
  • Recent Updates: Animoca Brands’ Mocaverse completed $10 million financing on November 12.

2. LOOKS: LooksRare is a community-first NFT marketplace focused on rewarding traders, collectors, and creators.

  • Daily Increase: +15.77%
  • Current Price: $0.07431
  • Market Cap: $73.86 million
  • 24-Hour Trading Volume: $33.14 million

3. RARI: Rarible is a community-owned NFT marketplace where users can create, sell, or collect digital items.

  • Daily Increase: +16.09%
  • Current Price: $3.139
  • Market Cap: $36.35 million
  • 24-Hour Trading Volume: $2.27 million

RWA: Overall Daily Sector Change: +3.51%

1. ONDO: Ondo Finance focuses on enhancing the safety, efficiency, and accessibility of financial services with institutional-grade on-chain products.

  • Daily Increase: +9.59%
  • Current Price: $2.0301
  • Market Cap: $2.93 billion
  • 24-Hour Trading Volume: $749.41 million
  • Recent Updates: Trump’s crypto project purchased 134,000 ONDO tokens worth approximately $250,000 on December 16.

2. PRCL: Parcl is a real estate derivatives protocol that allows users to invest in the price of a square foot of real property through its price index, replicating the per-square-foot prices of various communities.

  • Daily Increase: +0.55%
  • Current Price: $5.03
  • Market Cap: $95.61 million
  • 24-Hour Trading Volume: $102.71 million
  • Recent Updates: None

3. GFI: Goldfinch is a decentralized credit protocol providing crypto loans without requiring crypto collateral, offering passive income opportunities, and expanding access for borrowers and capital providers.

  • Daily Increase: +3.98%
  • Current Price: $2.141
  • Market Cap: $191.39 million
  • 24-Hour Trading Volume: $1.72 million

DePIN: Overall Daily Sector Change: +2.70%

1. SHDW: Shadow, developed by GenesysGo, is a high-performance decentralized cloud platform powered by a network of operators. Shadow Drive provides decentralized, high-performance, and scalable object storage designed for Web3 builders.

  • Daily Increase: +16.99%
  • Current Price: $1.0363
  • Market Cap: $167.59 million
  • 24-Hour Trading Volume: $7.4 million

2. GRASS: Grass is the flagship product of Wynd Network, enabling users to monetize unused network resources through internet connectivity.

  • Daily Increase: +13.91%
  • Current Price: $3.6715
  • Market Cap: $895.5 million
  • 24-Hour Trading Volume: $178.65 million

3. TFUEL: Thetanuts Finance is a multi-chain structured product protocol that sells automated options strategies to generate diverse and organic yields for users. The platform aims to manage DAO treasury funds and help retail traders earn organic returns from their assets.

  • Daily Increase: +5.83%
  • Current Price: $0.083
  • Market Cap: $562.58 million
  • 24-Hour Trading Volume: $46.94 million

Disclaimer

The development and market cap of stablecoins mentioned in the above content are 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.

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