BTC could breach $100K while alts gain

BTC could breach $100K while alts gain

Hot projects + Market overview

I. Mainstream exchange news

  • Binance will delist Gifto (GFT) spot trading pairs on December 3.
  • Bitget has launched MVL/USDT perpetual contracts with up to 20x leverage.
  • Binance announced that, in compliance with Taiwan's new anti-money laundering regulations effective November 30, 2024, all TWD market merchants without P2Pro certification will have their ads removed from Binance P2P, and will be prohibited from offering TWD-related services unless they register with the FSC and obtain P2Pro status.

II. Mainstream projects and trending events

  • Mechanism Capital partner Andrew Kang has said that AI will drive NFTs to the most prosperous bull market in history.
  • MicroStrategy Executive Chairman Michael Saylor has told the Microsoft board that the company should include Bitcoin in its core business strategy.
  • This week,  Jito (JTO), Cardano (ADA), and Ethena (ENA) tokens will see significant unlocks, releasing a total value of over $500 million.
  • A digital payment network and protocol Ripple has relocked 1 billion XRP in escrow wallets.
  • BitMEX co-founder Arthur Hayes has tweeted that the bull market can continue, citing South Korea’s postponing of capital gains tax for two years.
  • Base protocol head Jesse Pollak has said there are no plans to launch a token for the Base network.
  • Elon Musk has applied for an injunction against ChatGPT-maker OpenAI's plans to transform itself into a for-profit company, accusing OpenAI of obstructing its investors from funding competitors like Musk's xAI.
  • Curve, a decentralized exchange, has collaborated with blockchain network Elixir to expand access to decentralized finance for BlackRock's tokenized money market fund.
  • Ripple, a digital payment network and protocol, has approved the issuance of the stablecoin RLUSD, which could be launched on December 4.
  • Cactus Custody, a leading institutional-grade digital asset custodian, has partnered with Vistra, a trust service provider, to launch digital currency trust services.
  • The market value of Ripple’s native token XRP  has reached $117.5 billion surpassing INT and SOL.
  • Justin Sun has eaten a $6.2 million banana artwork at a Hong Kong event.
  • DAO launch platform daos.fun core member baoskee has tweeted that the daos.fun x pump.fun index is about to be released.
  • BasedAI, a decentralized network, will launch a network monitoring blockchain browser, BasedAI Nexus.
  • According to the latest data from CryptoSlam, Solana's NFT sales have reached over $6 billion, with approximately 59 million transactions on-chain.

III. Funding news

  • Stablecoin issuance protocol usdx.money has completed a $45 million funding round participated in by BAI Capital.
  • Modular L1 network U2U Network has completed a $13.8 million funding round participated in by KuCoin Ventures.

IV. Regulatory news

  • Russian President Vladimir Putin has signed the digital currency tax law, recognizing digital currency as property.
  • Japan’s Financial Services Agency (FSA) has proposed that only trust banks be allowed to issue stablecoins, as the agency considers new laws for cryptocurrency intermediaries that are not exchanges.
  • Former US CFTC Chairman Chris Giancarlo has said that the US SEC may drop the lawsuit against Ripple, a digital payment network and protocol.
  • Spain's securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has granted the country's first tokenization license.

V. Popular projects 

 

Market overview

Bitcoin's market dominance dropped to 56.63%, enhancing profitability for altcoins.

XRP saw a rapid surge, surpassing SOL and USDT in market cap to rank third among cryptocurrencies, likely due to the potential dismissal of the SEC lawsuit.

Bitcoin broke through the critical resistance at $97,200, and holding above this level could push it toward $100,000, with possible retracements expected between $110,000 and $130,000.

MOBILE: Solana DePIN project

MOBILE, a token from Helium's ecosystem within Solana, launched in June 2022 to incentivize 5G node operation and contributions to Helium's network.

It gained traction with the introduction of affordable mobile data plans across the US. The recent airdrop of Holdium tokens to Solana Mobile Chapter 2 pre-order holders also boosted its profile.

Helium Mobile's innovative hotspot devices allow for the creation of mini mobile towers, compensating operators with tokens.

MOBILE maintains a high level of activity in the Depin track with a market cap of $191 million.

DOGINME: Symbolic meme in the Base ecosystem

DOGINME originated from a Farcaster user's inquiry about whether the decentralized social media platform's founder, Dan Romero (DWR), owned a dog.

DWR's affirmative response led to the creation of DOGINME, representing his dog.

This memecoin has become a symbolic figure within the Base ecosystem, with a current market value of $51.38 million.

HBAR: Significant rise amid ETF developments

HBAR has seen a significant price increase following Canary Capital's submission of spot ETF applications for XRP, Litecoin, and HBAR to the US SEC.

The departure of former SEC Chairman Gary Gensler and expectations of continued crypto support under the Trump administration have fueled optimism.

Rumors that Brian Brooks, former CEO of Binance.US and HBAR Foundation board member, might be nominated as the next SEC chairman also contributed to the rise, with HBAR's market cap now at $9.2 billion.

KAIA: Merging Klaytn and Finschia into a new blockchain

KAIA, developed from the merger of Kakao's Klaytn and LINE's Finschia blockchains, aims to rival Telegram's TON ecosystem.

Popular in countries like Japan, Korea, and Thailand due to LINE's substantial user base, KAIA plans to launch mini apps post-January 2025. 

KAIA's market cap currently stands at $1.63 billion.

SKI: Viral meme in the Base ecosystem

Ski Mask Dog, a memecoin featuring a dog wearing a ski mask, is popular across various short video platforms due to its high internet virality.

Built on the Base ecosystem, SKI has achieved considerable traction, with $2.8 million in on-chain liquidity and a market cap of $120 million.

On-chain daily

1. ALCH

ALCH is an AI token on Solana, offering a no-code development platform where users can create applications by simply entering plain-text requirements. Users can also sell their creations on the platform's website.

2. XRP

XRP is a memecoin on the Solana network, inspired by the recent surge of XRP's value.

3. AIFUN

AIFUN is an AI token on Base that allows users to create and trade their own AI Agents with just one click.

4. NFTXBT

NFTXBT is an AI Agent token on Base, issued by Virtuals Protocols. It is the NFT version of AIXBT but developed by a different team.


5. SIMMI

SIMMI is a memecoin on Base, serving as the AI Agent for the Simulacrum AI issuing platform.

6. JEFF

JEFF is a memecoin on the Hyperliquid chain, inspired by the founder @chameleon_jeff.

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

  • The current BTC transaction fee is 4 satoshis/byte, with a slight upward trend indicating a rebound.

Fractal Bitcoin Gas Fee Update:

  • The transaction fee is 2 satoshis/byte. 
  • Transaction activity remains low, and gas fees continue to be sluggish.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $41.51
  • 24-Hour Change: -2.75%
  • Market Cap: $872.4 million

DOG:

  • Current Price: $0.006838
  • 24-Hour Change: -1.62%
  • Market Cap: $684.09 million

FB:

  • Current Price: $6.04
  • 24-Hour Change: -1.27%
  • Market Cap: $43.51 million

Today's Popular Projects:

COWCOIN: A fractal Bitcoin inscription featuring "COW."

  • Current Market Cap: $937K
  • 24-Hour Trading Volume: $22.5K
  • 24-Hour Change: +311.71%
  • Number of Holders: 7,930

fifa: The concept revolves around the International Federation of Association Football.

  • Current Market Cap: $129.72 million
  • 24-Hour Trading Volume: $455.02K
  • 24-Hour Change: +6.83%
  • Number of Holders: 6,394

GIZMO•IMAGINARY•KITTEN: A Rune token featuring a puppet IP kitten, with its name derived from a tweet by the puppet's creator.

  • Current Market Cap: $35.29 million
  • 24-Hour Trading Volume: $48.1K
  • 24-Hour Change: +17.26%
  • Number of Holders: 7,122

Performances of today's top three tracks

PayFi: Overall Daily Sector Change: 21.08%

1. KASTA: Kasta is a cryptocurrency payment app that allows users to send, receive, and trade cryptocurrencies quickly and easily.

  • Daily Increase: 96.91%
  • Current Price: $0.04512
  • Current Market Cap: $30.13M
  • 24-Hour Trading Volume: $2.24M
  • Recent Updates: Null2. KLV: A cryptocurrency exchange offering a simple, intuitive interface for trading crypto with very low fees and minimal limits.
  • Daily Increase: 47.21%
  • Current Price: $0.00425
  • Current Market Cap: $38.36M
  • 24-Hour Trading Volume: $58.43K

3. DASH: Dash is a cryptocurrency optimized for payment scenarios, focusing on usability. It features innovations that improve scalability, speed, reliability, cost-effectiveness, and user experience compared to other digital currencies.

  • Daily Increase: 34.49%
  • Current Price: $51.71
  • Current Market Cap: $623.25M
  • 24-Hour Trading Volume: $241.36M
  • Recent Updates: WOO X announced perpetual contracts for PNUT, QTUM, COTI, KAVA, DASH, SXP, and CHR on 11/11.

Meme: Overall Daily Sector Change: 6.11%

1. WSM: The native token of the Wall Street Memes community, born from the 2021 "Occupy Wall Street" movement, managing multiple social media accounts.

  • Daily Increase: 105.93%
  • Current Price: $0.00257
  • Current Market Cap: $4.84M
  • 24-Hour Trading Volume: $1.32M

2. DINO: A memecoin featuring a dinosaur character.

  • Daily Increase: 55.79%
  • Current Price: $0.00968
  • Current Market Cap: $3.03M
  • 24-Hour Trading Volume: $112.83K

3. ELIZA: Recognized by Ai16z, Eliza is planned to be transformed into their AI trading agent.

  • Daily Increase: 26.33%
  • Current Price: $0.0001279
  • Current Market Cap: $30.08M
  • 24-Hour Trading Volume: $5.96M
  • Recent Updates: Ai16z partner Shaw announced the ELIZA airdrop for Ai16zeliza holders on 11/20.

NFT: Overall Daily Sector Change: 5.55%

1. PSL: Pastel Network is a next-generation Layer 1 blockchain focused on NFTs. It enables the development of third-party DApps with scalable registration, storage, and security features.

  • Daily Increase: 96.91%
  • Current Price: $0.00009206
  • Current Market Cap: $30.13M
  • 24-Hour Trading Volume: $2.24M

2. RMRK: RMRK is an advanced NFT standard known as "artistic LEGO," allowing NFTs to own other NFTs and enabling the creation of complex tokens with multiple functionalities.

  • Daily Increase: 20.43%
  • Current Price: $0.4544
  • Current Market Cap: $4.18M
  • 24-Hour Trading Volume: $70.31K

3. VRA: Verasity is a decentralized platform for content creators and audiences, designed to create a fair and transparent system for tokenizing work and rewarding viewers.

  • Daily Increase: 13.82%
  • Current Price: $0.00788
  • Current Market Cap: $77.53M
  • 24-Hour Trading Volume: $41.41M

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