Bitget Research Institute: BTC ETF has seen net inflows for 2 consecutive days. The market may experience a short-term rebound, but caution is still needed for a second dip.

In the past 24 hours, the market has seen many new popular coins and topics, which are likely to be the next wealth creation opportunities.

Authored by: Bitget Research Institute

Abstract

In the past 24 hours, BTC price has rebounded correctively, BTC ETF has continued to see a net inflow for 2 days, and the market may experience a short-term rebound but still needs to be cautious about a secondary probe. Among them:

The sectors with strong wealth creation effects are: real income sectors (BANANA, AAVE, APT, SUI) and other tokens with large upcoming unlocks;
User hot search tokens & topics include: Catizen, Ether.fi
Potential airdrop opportunities include: Plume Network, Movement

Data statistics time: September 11, 2024, 4:00 (UTC+0)

I. Market Environment

In the past 24 hours, the price of BTC has hovered around $56,000, with a total trading volume of 11 US Bitcoin ETFs reaching $711 million, the third lowest level since its launch. The net inflow of US Bitcoin ETFs was $116.97 million yesterday. The net inflow of US Ethereum ETFs was $11.4 million yesterday. Primary market investments have slowed down recently, and Sony Layer2 network Soneium will collaborate with Sony Bank to launch a yen stablecoin, which the market continues to pay attention to.

From a macro perspective, the cryptocurrency market has stabilized after last week's fluctuations, but the implied volatility remains high. The market remains cautious about the major events that will occur this week, especially the debate between Trump and Harris and the CPI data release. Due to the sharp decline last week, the market still maintains a cautious attitude towards downside risks, and the risk reversal for Bitcoin and Ethereum remains bearish until October.

II. Wealth Creation Sectors

1) Sector Dynamics: Real Income Sectors (BANANA, AAVE)

Main reasons:

In the current sluggish market environment, the market is looking for projects in the cryptocurrency industry that can truly generate income and distribute the income to token holders. BANANA, as a leading TG Bot project, has a relatively stable market share, and the token price has strong support, making the project's income objective in the MEME market. Recent on-chain data for AAVE shows that the number of active users for on-chain lending has reached a historical high, and an increase in lending users will further increase the protocol's income.

Rise situation: BANANA rose by 2.5% in the past 24 hours, AAVE rose by 10.4% in the past 24 hours;

Factors affecting future market:

Market share: Market share is an important indicator for measuring the importance of these real income projects. Since the current cryptocurrency market share is limited, being able to maintain a leading market share is crucial for projects to sustain high and sustainable income. Currently, BANANA is among the top three TG Bot projects, and AAVE is the number one in the lending sector, with users having high stickiness and overall excellent performance.
Related income distribution policies: AAVE's new proposal considers adding a fee conversion feature to return part of the platform's net excess income to its key users. This move may also lead to a re-staking of the AAVE protocol, providing a new source of income for AAVE and its users.

2) Sectors to Focus on in the Future: APT, SUI, and other tokens with large upcoming unlocks

Main reasons:

On September 12, SUI and APT will unlock 3.24% and 2.35% of their circulating supply, respectively, at the current market price of $82 million and $81 million. APT has a precedent of violent price increases before and after large unlocks, but the current market conditions and sentiment may be very different, so it is important to focus on trading opportunities before and after the large token unlocks.

Specific token list: APT, SUI

III. User Hot Searches

1) Popular Dapps

Catizen:

Catizen is an innovative game based on the Ton ecosystem. The game consists of a virtual cat cafe structured around MEOWverse, where different breeds of virtual cats can unlock different levels and player credentials. Steve Yun, Chairman of the TON Foundation, tweeted in support of the Telegram-themed cat game platform Catizen. The tweet mentioned that Catizen has registered 36 million users, with over 860,000 paying users, and various exchanges are about to list Catizen. Bitget, OKX, Bybit, KuCoin, and other exchanges have confirmed the listing.

2) Twitter

Ether.fi:

The Ethereum re-staking protocol ether.fi has released the Temp Check proposal for the fourth season airdrop, with rewards starting on September 15, running a season every 4 months, each with unique rewards. In August, the Ether.fi protocol generated $2.19 million in revenue and is one of the most profitable projects on the Ethereum chain. The current price of ETHFI is $1.28, with a total market value of approximately $1.2 billion, and users are advised to participate in this project with caution.

3) Google Search & Regions

Global Perspective:

Simon's cat:

FLOKI officially announced the successful completion of the airdrop of Simon's Cat (CAT) tokens to eligible FLOKI holders. According to the previously announced criteria, users holding at least 400,000 FLOKI tokens have directly received a proportionally distributed airdrop on Binance, OKX, and on-chain wallets. After receiving the airdrop, most users chose to sell, causing the CAT token price to drop by 9.46% on the same day, and it is recommended to wait and see for now.

Regional Hot Searches:

(1) Blum has become a major focus in South Asia, CIS, and other regions, with related hot searches in countries such as Pakistan, Belarus, and Ukraine.

(2) Hot searches in Europe and the United States are scattered, but the main focus is on public chains, memes, and exchanges. Among public chains, Matic appeared in the hot searches in Australia, France, Italy, Germany, and Switzerland. Meme tokens such as maneki, shib, doge, and cat appeared in the hot searches in the United States, France, Spain, Germany, and Belgium.

IV. Potential Airdrop Opportunities

Plume Network

Plume Network is a modular L2 network dedicated to the RWA track, with the product form integrating asset tokenization to directly supply the supplier's products on-chain. The project recently completed a seed round of financing with a funding amount of $10 million, with participating institutions including Haun Ventures, Superscrypt, Galaxy, and SV Angel.

The project has recently launched a testnet and initiated activities such as "Earn Mile," "Check In," and "Passport."

Specific participation methods: 1) Visit the project's official website, click "Connect Wallet," and then enter the app; 2) Obtain miles through swap, stake, speculate, and complete tasks and check-ins within the platform.

Movement

Movement Labs was established in 2022 and previously completed a $3.4 million seed round of financing in September 2023. In addition to the flagship product Movement L2, Movement Labs will also launch Move Stack, an execution layer framework compatible with rollup frameworks such as Optimism, Polygon, and Arbitrum.

Recently, Movement Labs completed a $38 million Series A financing round, led by Polychain Capital, with participation from Hack VC, Foresight Ventures, Placeholder, and many other well-known institutions.

Specific participation methods: Enter the Movement zealy task interface (note: social tasks have time periods and continuously updated tasks), interact with DEX, perform a few test interactions, and wait for subsequent actions on the official website.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。