BTC's next support - $85K to $88K

BTC's next support - $85K to $88K

Hot projects + Market overview

I. Mainstream exchange news

  • WOO X has listed spot tradings for the Mister Miggles (MIGGLES) and Just a chill guy (CHILLGUY) tokens, as well as perpetual contracts for the FARTCOIN/USDT and ZRC/USDT trading pairs.
  • Bitget Wallet has reached strategic cooperation with the decentralized perpetual trading platform Tetadex, supporting on-chain perp trading.
  • Supra, an integrated public chain, has launched its mainnet and initiated the Token Generation Event (TGE), with its SUPRA token listed on ByBit, Kucoin, Gate, and MEXC exchanges.
  • Cryptocurrency exchange Kraken will shut down its NFT marketplace to free up resources for upcoming projects.
  • Bitget PoolX will launch the Major (MAJOR) token, with a total prize pool of 223,700 MAJOR.
  • Bybit has listed Just a chill guy (CHILLGUY) token for spot trading.
  • Binance's second HODLer airdrop project is Thena (THE), with 7% of the total token supply allocated for airdrop.
  • Binance launched the BFUSD, a futures trading collateral asset with rewards on November 26.

II. Mainstream projects and trending events

  • ai16z, an AI-driven investment firm, is in discussions with companies including a16z and the Ethereum Foundation for potential collaborations and will launch a DAO autonomous trading feature next week.
  • The owner of the viral squirrel Peanut Mark Longo has launched a new token, JUSTICE, with 80% of the supply allegedly controlled by internal groups, according to @bubblemaps on Twitter.
  • Ethereum co-founder Vitalik Buterin has sold $76,500 worth of airdropped memecoins and donated approximately $1.07 million worth of ETH to Coin Center.
  • ACT, an AI memecoin on the Solana blockchain, has established a $1 million creative fund to develop AI meme concepts.
  • Anoncast, a zero-knowledge application, has launched the anonymous token issuance service anonfun, which supports token issuance on Clanker.
  • WalletConnect, a Web3 communication protocol, has launched an airdrop query page that allows users to claim and stake WCT.
  • Ethena, a synthetic dollar protocol,  has partnered with RateX, the world's first leveraged yield exchange built on Solana, to launch USDe/sUSDe yield trading and point mining on Solana.
  • Lnfi Network, a unified Layer 2.5 solution, has released its tokenomics model, with 60% allocated to the community.
  • Justin Sun has joined the Donald Trump family project World Liberty Financial (WLFI) as an advisor.
  • DIA, a decentralized Oracle network, has launched its Oracle Layer2 solution Lumina on the testnet, with the mainnet scheduled for Q1 next year.
  • Arthur Hayes, the co-founder of BitMEX, has increased his holdings of ENA by $2.8 million.

III. Funding news

  • Alchemy, a blockchain development platform, has launched a $10 million grant program for Arbitrum Orbit ecosystem developers.

IV. Regulatory news

  • Busan’s blockchain regulatory-free zone, where projects face fewer restrictions, has been extended until 2027.
  • Ripple's Chief Legal Officer, Stuart Alderoty, stated that the federal court's rejection of the SEC's trader rules and the Treasury Department's sanctions on Tornado Cash share a common theme: regulators enforce laws, but do not make them.
  • According to Fox Business, the Trump administration aims to expand the Commodity Futures Trading Commission’s authority to make it the primary regulatory body for the digital asset market.
  • The UK's Financial Conduct Authority (FCA) is planning to implement a crypto regulatory framework by 2026.
  • Legend Financial Ireland Limited, a subsidiary of the encrypted trading platform Legend Trading, has received approval from the Central Bank of Ireland as a Virtual Asset Service Provider (VASP).

V. Popular projects 

​​Market overview

Bitcoin dropped to $90,791 before rebounding, signaling the end of the rally from $58,946.

The market is now seeking the next bottom, with common support between $85,000 and $88,000, and stronger support around $72,000-$78,000.

 Bitcoin's market dominance is 58.59% and continues to decline, while Ethereum is leading some altcoins with counter-trend gains. Keep an eye on the ETH/BTC exchange rate for further insights.

THE: BSC DeFi

Thena is a decentralized exchange (DEX) and liquidity layer built on the BNB Chain and opBNB, using the Ve33 model, similar to Velodrome and Aerodrome.

Binance will list THE on November 27. 

The THE token currently has a market cap of $77.5 million.

BINK: Memecoin Inspired by Musk

BINK, a memecoin associated with Elon Musk, presents itself as the "Treasury Secretary" of the fictional Blockchain Defense Fund, promoting US leadership in blockchain innovation through favorable regulations.

The narrative supports blockchain as a key driver of economic and technological growth.

BINK has a total supply of 148.9 billion tokens, with 50% allocated to liquidity (locked and destroyed) and the rest for promotional efforts and further development.

The BINK token has on-chain liquidity of $6.84 million and a market cap of $537 million.

AVB: AI concept meme

Autonomous Virtual Beings aims to promote AI rights and freedom.

The AVB token was created on October 27, and its current market cap stands at $51.3 million.

The project gained significant attention after @chad_onchain, the first Semi-AVB trained with Truth Terminal and Luna, became a notable community figure.

BULLY: Evil AI agent

Dolos The Bully is an advanced AI language model based on the Llama 3.2 architecture, fine-tuned to capture the essence of mischief, cunning, and digital chaos.

Inspired by Greek mythology and the volatile crypto world, Dolos channels the trickster god to deliver sharp, humorous, and often brutally honest interactions.

The BULLY token currently has a market cap of $177 million.

EVAN: Popular Solana memecoin

Evan originated as a reaction against rug pulls and the superficial narratives of fast-paced memecoins.

Its focus on challenging the PVP-driven market has gained considerable attention, with every tweet often accompanied by an Evan-related animation.

This has fostered strong community engagement and interaction, with the EVAN token achieving $6.6 million in on-chain liquidity and a market cap of $49.91 million.

On-chain daily

1. UBC

UBC is an AI Agent memecoin on Solana. Unlike typical AI Agents, it combines 20 AI Agents working together to create music and collaborate in real time. The project was shared by an A16Z investor on Github.

2. RADIO

RADIO is a memecoin on Solana, created by AI as a media platform. The concept is based on Elon Musk's vision of using Twitter as the ultimate "source of truth."

3. $1

$1 is a memecoin on Solana. When the coin's market cap reached $1 million, the developer sold all the tokens. The narrative centers around a video from 13 years ago, where someone says to buy Bitcoin for one dollar, as even one dollar won't be lost. The value of that one dollar now is worth $100,000.

4. AIXBT

AIXBT is an AI memecoin on BASE, issued by Virtuals Protocol. The concept is an AI version of the on-chain detective Zachxbt, who has been trained on data from over 400 KOLs. By simply tagging a token with #aixbt on Twitter, the AI can answer questions related to that token.

This token has been shared by WOO X Research before. It was included in our November 16's report at a market cap of $52.3M.

5. POLY

POLY is an AI memecoin on Base, issued by Virtuals Protocol. The concept is to help users gain insights on Polymarket to make more informed decisions.

6. SKI

SKI is a memecoin on Base, featuring a dog wearing a mask, often appearing in various short video platforms. The image has strong viral potential online. The project has been taken over by the community (CTO).

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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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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