Bitget Research: Blockchain Gaming Sector Begins to Rise, Top Runes Tokens DOG Hits New High
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Overview
-
Sectors with strong wealth creation effect: Blockchain gaming sector, Memecoin sector and RWA sector.
-
Top searched tokens and topics: UXLINK, GME, and ALICE.
-
Potential airdrop opportunities: Bedrock and Nile Exchange.
1. Market Environment
2. Wealth Creation Sectors
2.1 Sector Movements – Blockchain Gaming Sector (NOT, ALICE, and PORTAL)
-
NOT saw unusual market movement, increasing 5X from a base of $0.005 within a week, drawing fund and traffic.
-
Sector rotation effects are evident, with significant inflows of hot money into ALICE futures, indicating heavy buying by major investors.
-
Technical indicators: In a bull market, each pullback after a token's price rise present buying opportunities. Invest when tokens fall to the lower Bollinger band and sell after breaking the upper Bollinger band. This strategy generally carries lower risk and higher returns than holding spot positions.
-
Open interest changes: A significant increase in open interest for ALICE, with net purchases of $5 million worth of tokens equivalent to a net investment of about $10 million by major investors, drove the price upward. With a long/short ratio below 1, this confirms major investor participation. Moving forward, it is important to monitor changes in the volume of open interest and whether it leads to an increase in net long positions.
2.2 Sector Movements – Memecoin Sector (PEOPLE and LADYS)
-
As the quadrennial U.S. presidential election approaches, PEOPLE and LADYS, tokens closely associated with the election and supported by mainstream CEXs, have seen heightened community interest recently.
-
Institutional investment: DWF announced a $5 million investment in LADYS, fueling interest in related assets.
-
U.S. election progress: Monitor how the election influences this sector, as favorable news could lead PEOPLE and LADYS to rise first.
-
Dynamics of major investors: Understand whether major investors continue to invest by checking the futures data and primary market news. A sudden increase in open interest volume typically indicates significant investor involvement; ongoing monitoring of futures metrics is advisable.
2.3 Sectors to Focus on Next — Rune Sector
-
DOG: A project created by the famous influencer and builder Leonidas from ord.io, featuring a strong community with considerable purchasing power.
-
RUNECOIN: Newly launched with substantial transaction fees used for airdrops to players, the project is well-funded. Previously, it collaborated with 9GAG and MEMELand on staking promotions, demonstrating expertise in token operations.
-
SATOSHI•NAKAMOTO: The project is gaining on-chain popularity, with yesterday’s trading volume reaching $10 million and holder numbers hitting 18,000, indicating a strong community base and high interest.
3. Top Searches
3.1 Popular DApps
3.2 X (former Twitter)
3.3 Google Search (Global and Regional)
4. Potential Airdrop Opportunities
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.
Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”
A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.