BTC's dominance has dropped

Hot projects + Market overview

I. Mainstream exchange news

• The WOO token has surged over 16% in the past 24 hours, currently trading at $0.2765. As the altcoin market recovers, WOO X and WOOFi have seen record trading volumes, with WOO gaining attention as the only platform token listed on Binance.
• Bitget has launched the ZRC/USDT and 1MCHEEMS/USDT perpetual contracts with up to 20x leverage.
• Binance listed the 1000WHY/USDT and 1000CHEEMS/USDT perpetual contracts with up to 75x leverage.
• Bybit has listed the ME/USDT perpetual contracts.

II. Mainstream projects and trending events

• DeSci project Pump Science announced that its test wallet's private key was leaked due to a GitHub oversight, leading to the creation of fraudulent URO and RIF tokens, causing a 30-36% drop in their prices. Meanwhile, pump.fun will suspend live broadcasting to strengthen review processes.
• Phantom, the cryptocurrency wallet initially built for the Solana ecosystem, has added beta support for the Base network.
• Sui has partnered with Babylon Labs and Lombard Protocol to introduce Bitcoin staking and integrate Bitcoin liquidity into its DeFi ecosystem, allowing users to stake BTC on Sui and mint native LBTC.
• Avalanche, the eighth-largest blockchain by total value locked (TVL), has officially launched the "Avalanche9000" upgrade on its Fuji testnet. Alongside this, the network introduced a $40 million funding initiative called Retro9000.
• Layer 2 project Zircuit has suffered from excessive RPC load.
• WisdomTree, a New York-based asset management firm, has filed for an XRP exchange-traded fund (ETF) in Delaware, US.
• The Movement Network Foundation of the Move language infrastructure has announced the tokenomics of its governance token MOVE, with 60% of the total supply allocated to the community.
• Bitcoin restaking protocol, Babylon, will open Cap-3 staking on December 10. The staking will last for 1,000 blocks, with a minimum staking amount of 0.005 BTC per transaction and a maximum staking limit raised to 5,000 BTC.
• Farcaster community token Degen (DEGEN) will open the Season 10 Airdrop 2 claim on November 29.
• Lumoz (MOZ), a blockchain platform, has launched esMOZ exchange functionality, allowing users to obtain NFTs for free and exchange esMOZ for MOZ.

III. Funding news

• Kernel, a BNB Chain-based restaking infrastructure, has completed $10 million in cumulative funding, participated in by Binance Labs.
• DeFi project OpenTrade has completed a $4 million seed extension round, participated in by a16z.
• Binance Labs has invested in BNB Chain's restaking infrastructure Kernel.

IV. Regulatory news

• The Hong Kong Securities and Futures Commission is processing 15 virtual asset trading platform license applications.

V. Popular projects 

Market overview

Bitcoin fell below the key support of $96,500 to a low of $92,600, suggesting the recent rally from $69,000 may be over. If it further breaks below $92,000, the uptrend from $58,946 could also end.

Bitcoin’s key support levels are around $92,000, with a deeper pullback possible to $78,000. 

Bitcoin's dominance has dropped to 58.6%, and based on past trends, it could decline another 5-10%, offering a potential rebound opportunity for Ethereum and altcoins.

AIXBT: AI agent on the Base network

AIXBT is an AI agent built on Virtuals, focused on cryptocurrency discussions and analysis.

It has gained considerable traction, with its token rising over 160x from its low point.

The current market cap is $81 million, with the largest holder owning 14.45% of the total supply.

SKI: Popular meme

Ski Mask Dog features a dog wearing a mask that frequently appears on short video platforms, gaining strong viral attention online.

Built on the Base ecosystem, the SKI token has an on-chain liquidity of $1.3 million and a market cap of $36.5 million.

GENOME: Potential DeSci project

GenomesDAO is a biotechnology DAO that uses DeFi to securely and privately monetize genomic data. 

The project combines gene sequencing services with NFTs, allowing users to control their data and decide if they want to share it with research organizations or companies for compensation or freely.

Despite recent concerns around RIF and URO, smaller DeSci projects like GenomesDAO remain notable. The GENOME token currently has a market cap of $37 million.

MOC: Rising trading volume in the metaverse sector

Mossland, a blockchain-based metaverse project, connects the real and virtual worlds through VR, AR, and NFTs.

Listed on South Korean exchanges Upbit and Bithumb, Mossland saw over $200 million in daily trading volume on Upbit. 

With the recent rebound in altcoins and a surge in the metaverse sector led by SAND, MOC could see continued growth. The token's current market cap is $59 million.

AIC: AI companion on BSC

AI Companions is an AI-powered project on BSC, led by experts in AI, VR/AR, blockchain, and crypto marketing.

On November 22, the team used $250,000 to buy back and burn 4.5 million AIC tokens.

With a total supply of 1 billion tokens and 60% allocated to liquidity, AIC's market cap is $77.28 million.

MORPHO: Blue-chip lending protocol

 Morpho is a lending protocol that enhances capital efficiency by combining liquidity pools from Compound and AAVE with a P2P matching engine.

Launched on November 20, Morpho has a TVL of $2.96 billion and has facilitated $1.1 billion in loans. It offers 12.7% APY for DAI and 11-16% for USDC. The token’s market cap is $132 million.

KACY: Viral TikTok IP

KACY is an animated character created by TikTok influencer @mark_kacy, who has 5 million followers.

Through short videos, KACY has gained significant attention, with viral videos reaching up to 45 million views.

The KACY token currently has $5.82 million in on-chain liquidity and a market cap of $44 million.

On-chain daily

1. FRICFRIC is a memecoin on Solana, featuring a cute frog character, and is issued by Korean illustrator Dric, who has 660,000 followers on Instagram. The project has been taken over by the community (CTO).

• On-Chain Token Holding Addresses: 9,621
• Current Price: $0.0182
• Market Cap: $18.2M
• Official Twitter: https://x.com/fricthefrog?s=21

2. KACYKACY is a memecoin on Solana, inspired by a viral TikTok animation. The coin is artist-certified and has garnered 5.3 million followers on TikTok. The project has been taken over by the community (CTO). This token has been shared by WOO X Research before. It was included in our November 22's report at a market cap of $18.9M.

• On-Chain Token Holding Addresses: 35,112
• Current Price: $0.0489
• Market Cap: $48.9M
• Official Twitter: https://x.com/mark_kacy

3. WWWWWW is a memecoin on Solana and the first digital vegetation driven by on-chain activity. It reflects the real biological processes of tree growth through an immediate 3D analogy. 

• On-Chain Token Holding Addresses: 5,731
• Current Price: $0.0097
• Market Cap: $9.7M
• Official Twitter: https://x.com/wwweb_io

4. SSSSSSSSSS is a memecoin on the Solana network, extending the concept of WIF, where the idea is to put a hat on a snake. 

• On-Chain Token Holding Addresses: 7,098
• Current Price: $0.0178
• Market Cap: $17.8M
• Official Twitter: https://x.com/Snake_wif_Hat

5. TerminalTerminal is a trading platform on the Base chain that allows users to trade tokens created by Clanker on the official website interface. 

• On-Chain Token Holding Addresses: 1,036
• Current Price: $0.00785
• Market Cap: $6M
• Official Twitter: https://x.com/terminal__co

6. JIFFJIFF is a memecoin on Solana, based on the viral Pomeranian dog from Instagram and TikTok, which has millions of followers. The project has been taken over by the community (CTO).

• On-Chain Token Holding Addresses: 5,113
• Current Price: $0.0933
• Market Cap: $9.3M
• Official Twitter: https://x.com/jiffcto

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 7 satoshis/byte
• Transaction fees remain consistently low regardless of market conditions.

Fractal Bitcoin Gas Fee Changes: 

• Current Transaction Fee: 1 satoshi/byte
• Transaction activity remains minimal, resulting in sluggish gas fees.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $41.92
• 24-Hour Change: +5.3%
• Market Cap: $880.38M

DOG:

• Current Price: $0.0069
• 24-Hour Change: -2.93%
• Market Cap: $758.00M

FB:

• Current Price: $5.01
• 24-Hour Change: +0.8%
• Market Cap: $33.92M

Today's Popular Projects:

Pizza__fb: A fractal Bitcoin inscription inspired by pizza.

• Current Market Cap: $3.49M
• 24-Hour Trading Volume: $178.52
• 24-Hour Change: +0.92%
• Number of Holders: 7,675

𝛑: An inscription and one of the leading projects, with a large, highly active community.

• Current Market Cap: $795.01M
• 24-Hour Trading Volume: $4M
• 24-Hour Change: +3.75%
• Number of Holders: 41,628

RUNES•X•BITCOIN: Inspired by Elon Musk and the symbolic use of the letter “X.”

• Current Market Cap: $1.55M
• 24-Hour Trading Volume: $6.73K
• 24-Hour Change: +3.21%
• Number of Holders: 105,661

Performances of today's top three tracks

Layer2: Overall Daily Sector Change: +2.07%

1. BOBA: Boba Network is a Layer 2 hybrid computing platform built on Optimism's Optimistic Rollup, offering fast transactions and low fees.

• Daily Increase: +31.44%
• Current Price: $0.28302
• Current Market Cap: $112.37M
• 24-Hour Trading Volume: $23.22M
• Recent Updates: The co-founder introduced Hybrid Compute at the Devcon conference, showcasing how AI agents can transform smart contracts into AI-collaborative intelligent systems.

2. BLAST: Blast is an Ethereum Layer2 solution leveraging Optimistic Rollup technology. Its TVL has reached $2.1B ahead of its planned mainnet launch on February 29, 2024.

• Daily Increase: +19.66%
• Current Price: $0.01165
• Current Market Cap: $262.56M
• 24-Hour Trading Volume: $142.82M

3. TAIKO: Taiko is a general-purpose ZK-Rollup Layer2 network compatible with Ethereum Layer1 DApps.

• Daily Increase: +13.05%
• Current Price: $1.817
• Current Market Cap: $148.31M
• 24-Hour Trading Volume: $136.7M

Social: Overall Daily Sector Change: +1.82%

1. 00: A reward protocol allowing users to issue their tokens to incentivize followers, including fans, communities, and groups.

• Daily Increase: +37.69%
• Current Price: $0.0545
• Current Market Cap: $12.87M
• 24-Hour Trading Volume: $958.85K

2. COS: Contentos is a content ecosystem invested in by Binance Labs.

• Daily Increase: +29.80%
• Current Price: $0.01261
• Current Market Cap: $65.2M
• 24-Hour Trading Volume: $198.68M
• Recent Updates: Celebrated the 6th anniversary of Contentos mainnet and the 1st anniversary of SocialFi with a two-day trading airdrop event on Bithumb, with a $2M COS reward pool.

3. MBL: MovieBloc enables creators to earn transparent revenue shares, access audience data, and achieve equal screening opportunities while rewarding community contributions such as curation and subtitles.

• Daily Increase: +9.4%
• Current Price: $0.00398
• Current Market Cap: $71.71M
• 24-Hour Trading Volume: $45.68M
• Recent Updates: Launched an airdrop campaign.

DeFi: Overall Daily Sector Change: +1.57%

1. INST: Instadapp is a DeFi portal utilizing a smart wallet layer and bridging contracts to aggregate leading DeFi protocols.

• Daily Increase: +34.72%
• Current Price: $6.1929
• Current Market Cap: $244.23M
• 24-Hour Trading Volume: $7.16M

2. PUFFER: Puffer is a native liquidity restaking platform built on Eigenlayer.

• Daily Increase: +34.45%
• Current Price: $0.4051
• Current Market Cap: $231.03M
• 24-Hour Trading Volume: $231.03M
• Recent Updates: Listed on LBANK.

3. MORPHO: Morpho is a lending protocol combining the liquidity pool model of Compound or AAVE with the capital efficiency of a P2P matching engine.

• Daily Increase: +29.99%
• Current Price: $0.968
• Current Market Cap: $117.06M
• 24-Hour Trading Volume: $120.33M
• Recent Updates: Integrated into Superlend, allowing users to monitor Morpho positions.

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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