BTC must hold above $66K to avoid correction

Hot projects + Market overview

I. Mainstream exchange news

• Bitget listed the Zircuit (ZRC) token on the pre-market.
• Binance has completed the Pepper (1000PEPPER) token airdrop to Chiliz (CHZ) holders. 
• Bybit has introduced On-Chain Earn for simplified staking, alongside SpaceS—a meme-driven 'fly-to-earn' game accessible on Telegram through the Bybit Web3 platform.
• OKX has listed the SCR/USDT spot trading pair.
• Bitget has launched its new payment service for instant peer-to-peer crypto transactions called Bitget Pay.

II. Mainstream projects and trending events

• Jupiter founder Meow tweeted that no JUP tokens have been sold, and major news will be released soon.
• Lending protocol Radiant Capital has resumed operations on the Ethereum mainnet and the Base network following a $58 million hack last week.
• Asset manager 21Shares has filed an S-1 form with the US SEC to apply for an XRP Exchange-Traded Fund (ETF) to track the price of XRP. The company said it plans to list the XRP ETF on the Cboe BZX Exchange.
• The TON Foundation has introduced a new governance model known as Society DAO to drive community-led growth within the TON ecosystem by enabling members to take an active role through structured initiatives.
• Tether plans to issue a stablecoin pegged to the United Arab Emirates Dirham (AED) on the TON blockchain. CEO Paolo Ardoino tweeted that Tether would release two new products in November.
• Ethereum L2 Movement has released the testnet V2 version, Porto.
• Virtuals Protocol, a Base Chain AI Agent creation protocol, has launched Virtuals Fun, an AI token issuance platform.
• bitSmiley, a Bitcoin DeFi infrastructure, has announced the SMILE token economic model, with incentives and airdrops for users accounting for 22.5%.
• Worldcoin’s World Chain has integrated the Across Protocol into its ecosystem, enabling cost-effective transactions across EVM-compatible chains. 
• Corn, an Ethereum Layer 2 network, has partnered with Babylon to launch 'The Baby Corn' initiative, allowing users to earn Babylon points by committing their Bitcoin-based LSTs on Corn.

III. Funding news

• Blum, a Telegram ecosystem trading application, has received investment from The Open Platform.
• Bridge, a stablecoin payment platform, has acquired the Web3 wallet platform Triangle.
• AmplifyWorld, a decentralized fan engagement platform, has completed a $1.2 million funding round participated in by Chapel Ventures.
• Security protocol Phylax Systems has completed a $4.5 million seed round led by Nascent and Figment Capital.
• OpenOrigins, a blockchain content verification platform, has completed a $4.5 million seed round led by Galaxy Interactive.

VI. Popular projects  

Market overview

Bitcoin dipped to $67,478 and rebounded at the 4-hour moving average (MA140) of $67,656.

BTC must hold above $66,000 to avoid further corrections. Surpassing $70,600 resistance could signal further strength.

The TOTAL3 indicator, which tracks the market cap excluding BTC and ETH, suggests that altcoins are weakening as Bitcoin dominance increases. Close monitoring could be crucial for identifying potential shifts that could trigger a rebound in altcoin values.

MAGA: Riding the US election hype

MAGA, derived from Donald Trump's campaign slogan "Make America Great Again," features a meme of Trump's red hat.

As the US presidential election approaches, Trump-related memecoins have gained traction.

The MAGA token has a market cap of $83.25 million.

FARTCOIN: The hyped beta of GOAT

FARTCOIN emerged from discussions on Truth Terminal, touted as the beta version of the GOAT project.

Its rise in popularity is partly due to "Meme Godfather" Murad accumulating the token.

The TARTCOIN token currently has $1.8 million in on-chain liquidity and a market cap of $34.42 million.

FWOG: Hitting new highs

FWOG, a frog-themed memecoin created by artist @Groowut, has been hitting new highs following its potential Binance perpetual contract listing.

With 26,700 wallet addresses, the FWOG token has seen $26 million in transactions over the last 24 hours and a market cap of $300 million. 

GRASS: Leading project in computational power

GRASS, a decentralized network scraping platform, has grown into a leader in computational power leasing, surpassing industry giant io.net.

It harnesses unused internet bandwidth to train AI for companies and nonprofits.

Since its token launch, GRASS has seen a cumulative increase of over 200%, achieving a valuation of $1.7 billion, with a current market cap of $410 million.

Significant token unlocks this week

This week sees major token unlocks from APT, ADA, and BGB, releasing over $104 million in value.

Aptos (APT) will unlock 11.31 million tokens (~$92.4M) on November 11, representing 2.18% of the supply.

Cardano (ADA) will unlock 18.53 million tokens (~$6.16M) on November 6, representing 0.05% of the supply.

Bitget Token (BGB) will unlock 5.38 million tokens (~$5.97M) on November 10, representing 0.38% of the supply.

On-chain daily

1. PNUT: PNUT is a memecoin on Solana, featuring the American internet celebrity squirrel "Peanut," which was recently "arrested" by New York State environmental officials for euthanasia due to the rough behavior of law enforcement, sparking public outrage. The incident, which even gained support from Elon Musk and Donald Trump on Twitter, escalated into a struggle between Democrats and Republicans, making it a new Trump-themed coin.

• On-Chain Token Holding Addresses: 26,641
• Current Price: $0.0526
• Market Cap: $52.6M
• Official Twitter: https://x.com/pnutsolana

2. SHRUB: SHRUB is an Ethereum-based memecoin, featuring a Twitter interaction where a user asked what Musk's pet hedgehog's name was, to which he replied SHRUB.

• On-Chain Token Holding Addresses: 2,271
• Current Price: $0.0066
• Market Cap: $6.3M
• Official Twitter: https://x.com/ShrubHedgehog

3. MAGA: MAGA is an Ethereum-based memecoin featuring Trump's campaign slogan and serves as a Trump-themed coin for the US election.

• On-Chain Token Holding Addresses: 24,750
• Current Price: $0.000191
• Market Cap: $80.6M
• Official Twitter: https://x.com/MagaCoinX

4. Kekec: Kekec is an Ethereum-based memecoin with an IP origin story about a dwarf named Balckwan, who was ridiculed by town residents but became a music master after accidentally obtaining a flute, resonating with some users.

• On-Chain Token Holding Addresses: 3,856
• Current Price: $0.000891
• Market Cap: $34.8M
• Official Twitter: https://x.com/kekeceth

5. GOBBY: GOBBY is an Ethereum-based memecoin themed around a character from the comic by pepe artist Matt Furie.

• On-Chain Token Holding Addresses: 681
• Current Price: $0.0(8)2561
• Market Cap: $1M
• Official Twitter: https://x.com/GobbyOnEth

6. ZEREBRO: ZEREBRO is a memecoin on Solana, featuring cross-chain, cross-platform artist AI memecoin species with a cult-like atmosphere.

• On-Chain Token Holding Addresses: 2,636
• Current Price: $0.0187
• Market Cap: $18.7M
• Official Twitter: https://x.com/0xzerebro

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 2 satoshis/byte
• Gas fees have been in a continuous state of decline since November, with the Bitcoin mainnet Gas Fee remaining low.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 2 satoshis/byte
• Gas Fee prices have plummeted significantly, with a recent trend of low activity, and today's overall Gas Fee is in the single digits.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $31.86
• 24-Hour Change: -2.06%
• Market Cap: $669.41M

DOG:

• Current Price: $0.003662
• 24-Hour Change: +0.92%
• Market Cap: $366.21M

FB:

• Current Price: $5.17
• 24-Hour Change: -1.64%
• Market Cap: $26.58M

Today's Popular Projects:

FBmainchain: Fractal Bitcoin Inscription, featuring the Fractal Bitcoin main chain.

• Current Market Cap: $49.21M
• 24-Hour Trading Volume: $20.46K
• 24-Hour Increase: +20.13%
• Number of Holders: 8,728

𐊶: As one of the leading inscriptions, it has seen a noticeable increase in trading volume over the past week, with a large community size and an increasing number of holders.

• Current Market Cap: $58.46M
• 24-Hour Trading Volume: $95.3K
• 24-Hour Increase: +19.07%
• Number of Holders: 3,722

MEMENTO•MORI: Rune, co-inscribed by the creators of Runes and Ordinals.

• Current Market Cap: $13.75M
• 24-Hour Trading Volume: $429K
• 24-Hour Increase: +41.53%
• Number of Holders: 1,247

Performances of today's top three tracks

SocialFi: Overall daily sector change: -1.45%

1. 00 Token: The governance token of P00LS, a semi-decentralized web3 rewards protocol that allows any creator in web3 to automatically and simply create their loyalty points as interchangeable tokens and distribute them to their community.

• Daily Increase: 8.2%
• Current Price: $0.00003
• Current Market Cap: $7.98M
• 24-Hour Trading Volume: $565.48K
• Recent News: NULL

2. UXLINK: UXLINK is a leading Web3 social platform and infrastructure provider, aiming to revolutionize social networking by integrating blockchain technology.

• Daily Increase: 5.9%
• Current Price: $0.5548
• Current Market Cap: $94.16M
• 24-Hour Trading Volume: $166.87M
• Recent News: UXLINK will upgrade the staking system to support investors, partners, and users to stake UXLINK tokens -10.30

3. CyberConnect: CyberConnect is a web3 social networking protocol that enables developers to build social applications, empowering users with ownership of their digital identities, content, contacts, and monetized rights.

• Daily Increase: 0.9%
• Current Price: $2.795
• Current Market Cap: $76.87M
• 24-Hour Trading Volume: $23.21M
• Recent News: NULL

Meme: Overall daily sector change: -2.71%

1. Super Trump: Aimed at celebrating the political legacy of the 45th President of the United States, Donald Trump.

• Daily Increase: 48.09%
• Current Price: $0.007
• Current Market Cap: $16.52M
• 24-Hour Trading Volume: $755.04K
• Recent News: NULL

2. MAGA: Inspired by Trump's iconic red MAGA hat.

• Daily Increase: 47.43%
• Current Price: $0.000199
• Current Market Cap: $82.45M
• 24-Hour Trading Volume: $36.52M
• Recent News: NULL

3. BAN: BAN, a signature artwork by Italian artist Maurizio Cattelan, first exhibited at Art Basel Miami Beach in 2019.

• Daily Increase: 24.82%
• Current Price: $0.0263
• Current Market Cap: $26.33M
• 24-Hour Trading Volume: $26.33M
• Recent News: NULL

DePIN: Overall daily sector change: -2.53%

1. GRASS: GRASS, is an AI-driven decentralized network that utilizes participants' unused internet bandwidth to collect and construct web data for artificial intelligence applications.

• Daily Increase: 33.81%
• Current Price: $1.6563
• Current Market Cap: $403.98M
• 24-Hour Trading Volume: $358.97M
• Recent News: Aired a GRASS Token drop on Solana -11.3

2. Swarm: Swarm, a system composed of peer-to-peer network, nodes that create a decentralized storage and communication service.

• Daily Increase: 31.5%
• Current Price: $0.458
• Current Market Cap: $28.02M
• 24-Hour Trading Volume: $3.31M
• Recent News: RWA platform Swarm Markets collaborates with OrdinalsBot to offer gold bar investments on the Bitcoin network -10.17

3. Ocean Protocol: Ocean Protocol is a decentralized data exchange platform that enables secure and privacy-preserving data sharing while allowing data owners to retain control over their data.

• Daily Increase: 6.84%
• Current Price: $0.6123
• Current Market Cap: $397.53M
• 24-Hour Trading Volume: $344.08K
• Recent News: NULL

Disclaimer

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