Bitget Research: U.S. CPI exceeding expectations dampens short-term market sentiment, while TON's surge reveals early opportunities in its ecosystem
TechFlow Selected TechFlow Selected
Bitget Research: U.S. CPI exceeding expectations dampens short-term market sentiment, while TON's surge reveals early opportunities in its ecosystem
Over the past 24 hours, several new trending cryptocurrencies and topics have emerged in the market—perhaps they represent the next wealth-building opportunity.
Navigating Web3 tides with focused insightsSummary
U.S. February headline and core CPI both exceeded expectations, slightly dampening the probability of a June rate cut. Large funding rounds in the primary market have increased, while Layer-1 blockchain projects in the secondary market have generally strengthened, particularly:
-
Wealth-generating sectors: L1 blockchains, Polkadot ecosystem;
-
User-searched tokens & trending topics: Blast Bridge, Polyhedra, Nibiru, AMP, AEVO;
-
Potential airdrop opportunities: Bitget Wallet (BWB), Goplus;
Markets briefly corrected after U.S. CPI data release—gold, U.S. equities, and crypto all dipped before rebounding, indicating that investors had already priced in some volatility in inflation trends. Bitcoin has broken above $69,000 and is now consolidating at elevated levels. Market liquidity remains high, and capital is beginning to rotate into new sectors. Investors should monitor leading Layer-1 blockchains and their ecosystems.
Data collection time: March 13, 2024, 4:00 AM (UTC+0)
I. Market Environment
U.S. February headline and core CPI both came in higher than expected. Gold, U.S. equities, and cryptocurrency markets initially declined but then recovered, suggesting that market participants are increasingly factoring in persistent inflation volatility. BTC price is currently holding steady above $69,000. The crypto market maintains high liquidity, facilitating sector rotation. Meanwhile, large funding rounds ranging from tens of millions to as high as $200 million in the primary market are likely to boost valuations of established projects in the secondary market.
Some older altcoins still trading in low-range consolidation zones have attracted capital inflows and begun breaking out. Layer-1 platforms such as TON and NEAR, along with their ecosystem projects, have seen significant price increases, reflecting growing bullish sentiment driven by capital rotation.
II. Wealth-Generating Sectors
1) Sector Movement: L1 Blockchains (TON, NEAR)
Main reasons: 1. New developments related to these blockchains—Telegram, linked to TON, is considering an IPO; NEAR’s co-founder spoke at NVIDIA’s conference; 2. These projects had relatively modest gains earlier in the bull run and were consolidating within a range before breaking out;
Price performance: TON up 22%, NEAR up 10%;
Factors influencing future outlook:
-
Whether TVL and prices within their ecosystems begin rising: Key indicators include major DEXs and lending protocols in DeFi. If ecosystem growth proves sustainable, it will support continued price appreciation or stable高位 consolidation for the native tokens;
-
Further catalysts from project developments: For example, deeper integration between TON and Telegram, or NEAR securing more AI-related partnerships, could drive further token gains. In the absence of newsflow, bullish momentum may fade, leading to pullbacks and range-bound trading.
2) Sector Movement: Polkadot Ecosystem (ACA, MOVR, CLV)
Main reasons: 1. The Polkadot Decoded developer conference is currently underway in Bangkok on March 12; 2. Polkadot 2.0 is preparing to eliminate parachain slot auctions, making it easier for new projects to join the ecosystem. Additionally, a mainnet upgrade is expected in Q2;
Price performance: DOT saw only a modest increase of 2.5%, while key ecosystem tokens ACA, MOVR, and CLV rose over 15%;
Factors influencing future outlook:
-
Product updates and ecosystem incentives announced at the ongoing Polkadot Decoded conference will influence investor sentiment. Currently, most DOT-related projects have just emerged from bear-market lows. If positive momentum builds, there could be substantial upside potential;
-
Watch whether flagship tokens DOT and KSM begin strong rallies—if they do, they’re likely to lift other projects within the ecosystem.
3) Sector to Watch: LSD (Liquid Staking Derivatives)
Main reason: After Ethereum's Cancun upgrade, L2s benefit the most. As L2 activity strengthens, the broader Ethereum ecosystem stands to gain. The LSD sector has been consolidating and shows potential for a breakout;
Key tokens to watch:
-
LDO: Leading LSD protocol, controls ~80% of ETH staking TVL, poised to benefit first;
-
SSV: Leader in distributed validator infrastructure for LSD, promotes decentralization of Ethereum validators. A core piece of infrastructure with strong potential to attract capital;
-
PENDLE: Top player in the LSDFi sub-sector under LSD, enjoys strong market consensus.
III. User Trends & Popular Searches
1) Popular Dapp
Blast Bridge:
Blast Bridge is the official cross-chain bridge for Blast. Following MakerDAO’s recent yield adjustments, the yield on USDB, Blast’s stablecoin, has increased. USDB holders can now earn a 15% annualized yield plus Blast points. Higher on-chain revenue has incentivized users to transfer stablecoin assets to the Blast chain via Blast Bridge. Users can obtain USDB by bridging stablecoins (USDC, USDT, DAI) to Blast, or by swapping ETH or other assets into USDB directly on the Blast Mainnet.
2) Twitter
Polyhedra (ZK):
Polyhedra Network is a ZK-powered interoperability infrastructure. Its zkBridge has become one of the largest cross-chain infrastructures in the multi-chain ecosystem. Yesterday, OKX Jumpstart launched the new project ZK (Polyhedra Network). Additionally, Polyhedra completed a snapshot on March 12 at 4:00 PM, making zkBridge users, Pandra King NFT holders, Galxe zkBridge loyalty point holders, and participants in Binance Web3 wallet airdrops, OKX Cryptopedia Season 11, and BNB Chain Airdrop Marathon eligible for the ZK token airdrop.
Polyhedra has raised $25 million at a $1 billion valuation. The airdrop could be highly valuable, though given LayerZero’s $3 billion FDV, upward room may be limited. Users may consider partially selling their airdropped tokens.
3) Google Search & Regional Trends
Global perspective:
(1) Niburu (NIBI)
Yesterday, Layer-1 blockchain Nibiru Chain announced its mainnet launch. Nibiru is a Layer-1 blockchain and financial hub integrating leveraged derivatives trading, spot trading, staking, and bonding curve liquidity into a seamless user experience. In February, Nibiru Chain raised $12 million in funding, with participation from Kraken Ventures and others. With a total supply of 1.5 billion NIBI tokens, its fully diluted valuation (FDV) currently stands at $1.369 billion—already at a relatively high level. Traders are advised to exercise caution when going long on this token.
Regional search trends:
(1) English-speaking regions primarily focused on AMP
Flexa is a network enabling fully digital transactions with enhanced security. Unlike traditional payment methods, Flexa does not transmit sensitive customer account information. Instead, it uses virtual tokens for payments. AMP is the native token of the Flexa network, serving governance and staking functions, and also acts as collateral for crypto payments processed through Flexa. Yesterday, Gemini founders Cameron and Tyler Winklevoss used Gemini Pay, which integrates Flexa, to purchase coffee at Starbucks. Additionally, users who stake AMP on the Flexa network qualify for airdrops from the new project Anvil, prompting a surge in buying activity.
(2) Asian and African regions are jointly tracking developments around the AEVO token airdrop
AEVO is a decentralized derivatives exchange offering perpetual contracts, options, and pre-launch token futures. It uses an order book and margin model, and has recorded over $120 billion in trading volume during promotional events. AEVO is about to launch trading. After being listed on Binance Launchpool, AEVO trading will begin on March 13, 2024, at 6:00 PM (UTC+8). Airdrop recipients will soon learn their rewards. Given the high volatility expected upon AEVO’s listing on Binance, users seeking to lock in profits early can sell their AEVO tokens via the OTC market on Whales Market.
IV. Potential Airdrop Opportunities
[Goplus] Binance Lab-backed project, high valuation, zero-cost interaction
GoPlus is a Web3 user security data platform specializing in detecting risks in token contracts, helping users avoid scams like rug pulls and honeypot tokens. Features include token checks, NFT analysis, malicious address databases, contract approval audits, and dApp security assessments. The platform currently sees over 15 million API calls per day.
GoPlus has secured investment led by Binance Labs at a $150 million valuation. Given its high valuation and strong backing, the potential airdrop value could be significant. Interactions are simple and require no gas fees.
How to participate: The project has launched a points campaign. Simply connect your wallet to the website, scan token contracts, and complete tasks such as following their Twitter and joining their community groups.
[BWB] Bitget Wallet’s upcoming platform token, potentially large airdrop allocation
Bitget Wallet recently released a video on its official Twitter channel featuring the term "BWB" and a token-style logo, strongly suggesting that its platform token launch is imminent.
Bitget Wallet is a Web3 wallet with significant funding, a large global user base (over 19 million users), and ranks among the top 5 globally in terms of wallet downloads. As a leading player in the wallet niche, it commands a high valuation.
How to participate: As a wallet product, completing actions such as swaps, NFT trades, inscription trades, and participating in check-in campaigns with partner projects may qualify users for the airdrop.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
