BTC drops below $98.5 support, as the market awaits new trend

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has listed the Kosmos Energy (KOS) token for spot trading, the USUAL/USDT and HSK/USDT perpetual contracts, and the VANA token.
• Binance will list new quarterly futures contracts for BTC/USDT and ETH/USDT (0627 series) On December 27, alongside their corresponding coin-margined contracts.
• Bitget has listed the HYPE/USDT perpetual contracts and launched the FUEL/USDT trading pair. The platform has also partnered with TRON, investing $10 million in TRX tokens. Meanwhile, Bitget has listed its BGB token on BulbaSwap DEX with quintuple points rewards. Additionally, Bitget has completed the distribution of LaunchX tokens.

II. Mainstream projects and trending events

• Eigen Foundation, an independent non-profit dedicated to advancing the EigenLayer ecosystem, has granted 1 million EIGEN tokens to AltLayer, an elastic Rollup-as-a-Service (RaaS) protocol. The first batch of 500,000 EIGEN tokens has started to be distributed to reALT holders and stakers this week.
• Doodles' founder, Burnt Toast, has hinted at a token release for the series. Meanwhile, the NFT collection’s floor price surged 63.4% rise and its 24-hour trading volume peaked at 4045 ETH on December 19.
• The US SEC has approved asset managers Hashdex and Franklin Templeton's filing for a crypto index exchange-traded fund (ETF).
• Donald Trump family's crypto project WLFI has spent $2.5 million to purchase 722.2 ETH.
• Crypto asset management firm Grayscale has opened Grayscale Sui Trust to qualified investors, allowing these investors to gain investment exposure to SUI.
• According to investment bank Jefferies' latest report, US mining companies accounted for 24.7% of global hash rate production in November.
• Decentralized AI blockchain platform Sahara AI has launched the beta version testnet for the first phase of its data platform, and over 780,000 users have registered.

III. Funding news

• On-chain DePIN project Silencio Network has completed a $2.5 million seed funding round led by Blockchange Ventures.
• Decentralized AI training platform FLock has completed a $3 million strategic round led by crypto investment firm DCG.
• Lightning Network liquidity staking protocol UTXO Stack has completed a Series A funding round, participated in by UTXO Management.
• Decentralized AI proxy payment protocol Skynet has completed a $1.2 million Pre-Seed funding round.
• Cryptographic AI startup Fraction AI has completed a $6 million Pre-seed funding round led by Spartan and Symbolic.

IV. Regulatory news

• El Salvador has said it will continue purchasing Bitcoin as part of its strategic reserves.

V. Popular projects 

Market overview

Bitcoin has dropped below the critical $98,500 support level, signaling a bearish trend as it failed to rebound into the $103,000-$104,000 range. The focus remains on whether it can reclaim the 4-hour MA140 at $99,200, which would suggest a mere consolidation rather than a downturn.

Bitcoin's market dominance has increased to 58.5%, coinciding with a substantial decline in altcoin values. This shift suggests a potential consolidation phase before any further significant movements.

FROG: Base ecosystem meme 

FROG is a frog-themed meme in the BSC ecosystem, deeply integrated with the Binance ecosystem.

It has a total supply of 5 billion tokens, with 20% dedicated to DEX liquidity pools and burned, 40% allocated to API mining, and the remaining 40% used for Binance megadrop airdrops. Users can link their Binance APIs to trade and earn points.

Currently, the market cap of FROG tokens is $38.57 million.

PATRIOT: Trump-inspired meme

PATRIOT is a memecoin created to honor the brave acts during the Donald Trump shooting incident. 

The community funded the construction of a two-story bronze statue of Trump, with plans to complete and unveil it before his potential inauguration.

The Base version of the PATRIOT token has a market cap of $39.57 million.

TMAI: AI project on Base ecosystem

Token Metrics is a cryptocurrency investment research company that leverages artificial intelligence and machine learning.

Staffed by data scientists, quantitative traders, and native crypto analysts, it provides timely insights into over 6,000 cryptocurrencies and NFT projects.

The TMAI token has reached a market cap of  $68.59 million.

MAD: Unique veme vibe on Solana

MAD, built on Solana, stands for Memes After Dark, embodying a massive degeneration movement that aims to unite the largest memecoin communities into one ecosystem.

This project is about chasing absurd profits while enjoying thrills and making friends along the way.

Currently, MAD has a market cap of $42.23 million.

AI sector breakthroughs: New heights in top AI projects

Top AI projects like FARTCOIN and ZEREBRO have reached new heights, opening up expansive possibilities for the entire AI sector.

Moving forward, attention is focused on key projects such as ARC, REI, and AIXBT, which are poised to shape future developments within this innovative field.

On-chain daily

1. TAOCATTAOCAT is an AI Agent token on Base, created through a collaboration between the renowned AI project Bittensor and Virtuals Protocol. It is the first self-improving AI Agent within the Bittensor ecosystem.

• Number of Token Holders: 49,145
• Current Price: $0.022
• Market Cap: $22M
• Official Twitter: https://x.com/taocat_agent
• Trade Board: https://dexscreener.com/base/0x4fc190e4dc19c8fca5e05534d664c0ac3fa1aac5

2. FROXFROX is a memecoin on Solana featuring the image of a cute frog, embodying the concept "gamblers never give up."

• Number of Token Holders: 11,414
• Current Price: $0.0259
• Market Cap: $25.9M
• Official Twitter: https://x.com/FroxSolana
• Trade Board: https://dexscreener.com/solana/aye5fsdqj27ihojr8kfodcbw6retrdu1hcnf5abvrsmd

3. SCOOPSCOOP is a memecoin on Solana inspired by a phrase mentioned in a Truth Terminal conversation.

• Number of Token Holders: 2,540
• Current Price: $0.0063
• Market Cap: $6.3M
• Official Twitter: https://x.com/Scoop_Truth
• Trade Board: https://dexscreener.com/solana/j72dun5ha5med1wdchyrkmwpg9urd75sctgu4ncohvdr

4. MUSKITMUSKIT is a memecoin on Solana, referencing Elon Musk. The concept emphasizes that Musk is not just a person but a symbol of spirit and innovation.

• Number of Token Holders: 29,187
• Current Price: $0.0476
• Market Cap: $47.6M
• Official Twitter: https://x.com/JustMuskIt
• Trade Board: https://dexscreener.com/solana/ebi2v5dmsz5xgrja6147kzset9feajxrf5ue5px3koud

5. REIREI is an AI Agent token on Base that focuses on implementing neural networks on-chain. Its architecture enables reconstructing comprehensive market analysis from partial information and linking historical market events.

• Number of Token Holders: 13,526
• Current Price: $0.0737
• Market Cap: $73.7M
• Official Twitter: https://x.com/ReiNetwork0x
• Trade Board: https://dexscreener.com/base/0xa213c82265cd3d94f972f735a4f5130e34df81bc

6. AimonicaAimonica is an AI Agent token on Solana developed by the vvaifu platform. It is the first "meme VC" and has partnered with Flock AI.

• Number of Token Holders: 10,949
• Current Price: $0.0234
• Market Cap: $23.4M
• Official Twitter: https://x.com/AimonicaBrands
• Trade Board: https://dexscreener.com/solana/3uyvfengpyxrnk9tpr7t9kudb8pnpwd92xoqrttzpsxf

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

• Current BTC transaction fee: 4 satoshis/byte.
• The price trend remains consistently low.

Fractal Bitcoin Gas Fee Update:

• Transaction fees: 16 satoshis/byte.
• After a brief surge, gas fees have retraced by over 80%.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $26.84
• 24-Hour Change: -2.87%
• Market Cap: $563.70 million

DOG:

• Current Price: $0.0067
• 24-Hour Change: -1.32%
• Market Cap: $674.73 million

FB:

• Current Price: $3.52
• 24-Hour Change: -7.58%
• Market Cap: $29.89 million

Today's Popular Projects:

unisats: A service provider initially focused on minting services.

• Current Market Cap: $576.33K
• 24-Hour Trading Volume: $6.37K
• 24-Hour Change: +1.78%
• Number of Holders: 529,886

fifa: Inspired by the concept of the International Football Federation.

• Current Market Cap: $83.26M
• 24-Hour Trading Volume: $201.08K
• 24-Hour Change: -5.44%
• Number of Holders: 7,455

GIZMO • IMAGINARY • KITTEN: A Rune featuring the small cat from the Puppet IP. The Rune's name originates from a tweet by the Puppet creator.

• Current Market Cap: $19.17M
• 24-Hour Trading Volume: $131.11K
• 24-Hour Change: -1.7%
• Number of Holders: 8,072

Performances of today's top three tracks

PayFi: Overall Daily Sector Change: +3.54%

1. SFP: SafePal aims to provide a secure and user-friendly crypto management platform to safely protect and grow users' crypto assets.

• Daily Increase: +6.58%
• Current Price: $0.645
• Market Cap: $314.44M
• 24-Hour Trading Volume: $12.06M
• Recent Updates: Launched its first Launchpool, allowing users to stake TWT or slisBNB on October 14.

2. TWT: Trust Wallet is a popular hot cryptocurrency wallet that allows users to retain control of their funds. A core feature of Trust Wallet is its built-in DApp browser, which offers access to a curated range of decentralized applications.

• Daily Increase: +5.24%
• Current Price: $1.2102
• Market Cap: $504.23M
• 24-Hour Trading Volume: $49.37M
• Recent Updates: Null

3. XRP: Ripple (also known as XRP) is a global cross-border payment network created by Ripple Labs, enabling secure, instant, and nearly free financial transactions of any scale globally.

• Daily Increase: +5.09%
• Current Price: $2.3225
• Market Cap: $132.82B
• 24-Hour Trading Volume: $20.86B
• Recent Updates: Stablecoin RLUSD is expected to launch by the end of the year. -12.7

AI: Overall Daily Sector Change: +2.84%

1. FARTCOIN: Conceptualized by the Terminal of Truth, Fartcoin is a memecoin (CTO) aiming to tokenize flatulence with the help of perceptive robots.

• Daily Increase: +72.47%
• Current Price: $1.239
• Market Cap: $1.24B
• 24-Hour Trading Volume: $289.9M
• Recent Updates: Null

2. ZEREBRO: Zerebro is an AI designed as a schizophrenic artist, creating and distributing content autonomously across platforms like Twitter, Warpcast, and Telegram.

• Daily Increase: +55.54%
• Current Price: $0.4313
• Market Cap: $431.29M
• 24-Hour Trading Volume: $128.43M
• Recent Updates: Null

3. ARC: ARC provides tools and proprietary technologies to facilitate the development and management of decentralized projects, ecosystems, and businesses.

• Daily Increase: +35.00%
• Current Price: $0.2488
• Market Cap: $248.8M
• 24-Hour Trading Volume: $91.01M
• Recent Updates: Null

RWA: Overall Daily Sector Change: +1.73%

1. CPOOL: Clearpool is a decentralized capital market protocol where whitelisted institutions can borrow unsecured liquidity from a decentralized network of lenders.

• Daily Increase: +21.42%
• Current Price: $0.49247
• Market Cap: $358.06M
• 24-Hour Trading Volume: $44.41M
• Recent Updates: Null

2. LUMIA: Lumia is a next-generation blockchain providing comprehensive infrastructure for the full lifecycle of real-world assets (RWA), from tokenization to connecting millions of traders in DeFi and Web3.

• Daily Increase: +4.54%
• Current Price: $1.589
• Market Cap: $119.66M
• 24-Hour Trading Volume: $92.88M
• Recent Updates: Null

3. OM: MANTRA aims to be the first RWA L1 blockchain capable of adhering to and enforcing real-world regulatory requirements.

• Daily Increase: +3.57%
• Current Price: $3.9861
• Market Cap: $3.78B
• 24-Hour Trading Volume: $222.16M
• Recent Updates: Launched its mainnet on October 24, enabling OM token cross-chain and staking.

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. 

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