Bitget Research: BTC stabilizes above $71,000 and attempts to break new highs, Aethir announces token airdrop
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Bitget Research: BTC stabilizes above $71,000 and attempts to break new highs, Aethir announces token airdrop
In the past 24 hours, several new trending cryptocurrencies and topics have emerged in the market, potentially representing the next wealth-building opportunities.
Navigating Web3 tides with focused insightsAuthor: Bitget Research
Summary
Yesterday, Bitcoin rose to $71,900 before pulling back to $71,000. The overall crypto market cap continued to rise steadily:
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Wealth-generating sectors: Bitcoin ecosystem, Web3 gaming;
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Popular tokens & topics among users: CARV, CKB, TAIKO, FLOKI;
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Potential airdrop opportunities: Tonstakers, Bemo;
Data collection time: June 6, 2024, 4:00 AM (UTC+0)
1. Market Environment
Yesterday, the U.S. "small non-farm" ADP employment data was released, showing the smallest increase since January this year. Additionally, several key economic indicators and policy announcements are upcoming, including the European Central Bank's rate cut on June 6, the U.S. non-farm payroll data on June 7, and CPI data on June 12. Recently, central banks around the world have generally begun cutting interest rates. Expectations for a rate cut by the U.S. Federal Reserve in September have further increased, which is favorable for the cryptocurrency market and risk assets.
Regarding BTC ETFs, yesterday saw a net inflow of $488 million, marking three consecutive days of inflows exceeding $100 million, with Bitcoin prices continuing to strengthen. Exchange data shows that Bitcoin holdings are continuously increasing, while funding rates and implied volatility have both significantly risen, indicating broad market optimism about future price trends.
In terms of the crypto industry ecosystem, as the broader market improves, many projects are actively launching their TGE plans, including IO.net and Aethir. LayerZero and zkSync are also preparing for launch. Investors can closely follow Bitget Research’s daily wealth-building opportunity reports for first-hand investment insights.
2. Wealth-Generating Sectors
1) Sector Movement: Bitcoin Ecosystem (BB, DOG, MERL)
Main reason: Most assets in the Bitcoin ecosystem are closely tied to Bitcoin's price. For example, asset issuance protocols like Ordinals or Rune require Bitcoin UTXOs. As Bitcoin’s price rises, these assets tend to increase in value accordingly.
Price performance: BB up 23.9% over the past 7 days, DOG up 33.8%, MERL up 11.4%;
Factors affecting future outlook:
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BTC Price: As mentioned earlier, assets like Ordinals or Rune contain Bitcoin, so rising Bitcoin prices will drive up these assets;
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Technological breakthroughs: Recently, discussions around the Bitcoin script opcode OP_CAT have intensified. If implemented, it could expand Bitcoin’s executable logic capabilities, bringing more practical utility to related Layer2 solutions and assets, thus providing tangible benefits to their valuations.
2) Sector Movement: Web3 Gaming (NOT, PIXL, BURGER)
Main reason: After NOT’s successful launch ignited the gaming sector, industry participants and investors have reaffirmed the fundamental principle that “users are king.” Projects and platforms with large user bases and high engagement are once again attracting capital.
Price performance: NOT up 78.8% over the past 7 days, PIXL up 52.9%, BURGER up 95.8%;
Factors affecting future outlook:
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Focus on game development and user base size: The recent recovery in the Web3 gaming sector has been primarily driven by the strong performance of the NOT token within the TON ecosystem. Many Web3 games raised significant funds during 2022–2023 and are now entering maturity. Investors should monitor user activity and total user counts—when Web3 games achieve true mass adoption, their token performance is likely to excel.
3. User Trends
1) Popular Dapps
CARV (Dapp): This project offers modular data layer products focused on storing on-chain gaming and AI data, providing secure, user-controlled data protection. The project recently completed a funding round totaling $14 million, with participation from Animoca Brands, IOSG Ventures, OKX Ventures, and others. It has recently launched a node sale campaign; according to its tokenomics, over 50% of future tokens will be allocated to node buyers, similar to Aethir’s operational model.
2) Twitter
Nervos Network (CKB): As a prototype project built on the UTXO stack, CKB is highly favored and considered one of the most technically advanced representatives of Bitcoin Layer2 solutions. On the derivatives market, there has been significant inflow of institutional capital recently—on June 4, major contracts saw nearly 310 million tokens net bought, equivalent to approximately $5 million in capital inflow, causing the token price to surge 30% in the short term. Contract data indicates that major players have not fully exited positions, making it worth continued monitoring.
3) Google Search & Regional Trends
Global Overview:
TAIKO: Taiko is a decentralized, EVM-equivalent zk rollup Layer2 network. It leads the sector in EVM equivalence and technical sophistication but lacks the brand visibility of projects like zkSync or Starknet, positioning it as a potential dark horse. Upbit has surprisingly announced it will exclusively list TAIKO, and the token is already tradable on Bitget.
FLOKI: The project continues to receive positive developments. FLOKI recently announced the completion of internal beta testing for its trading bot; fees collected after launch will be used to buy back FLOKI tokens. DWF Labs will purchase $12 million worth of FLOKI tokens to support the ecosystem. The token has surged recently, generating high market热度, presenting clear future trading opportunities worth watching.
Regional Search Trends:
(1) In Asia, WAVES stands out prominently. After being delisted by Binance, WAVES plunged 40%, indicating relatively high risk.
(2) In Europe and North America, attention focuses on fundamentally strong projects, particularly in RWA, DePIN, and POW public chains. Trending search projects include KAS, ONDO, and GRASS. Interest in runes is also gradually increasing in this region, with DOG appearing on rankings in several European countries.
(3) In CIS regions, interest centers on the TON ecosystem and AI projects, with assets like NOT Coin and ARKM appearing in yesterday’s Google search trends.
4. Potential Airdrop Opportunities
Tonstakers
Tonstakers is the largest liquid staking provider in the TON ecosystem, allowing users to stake TON and earn an annual yield of 3.8%. The protocol currently holds a TVL of $256 million, suggesting a relatively high potential valuation.
The project has attracted attention from the TON Foundation and currently serves 68,000 stakers. It collaborates with core TON developers, Tonkeeper, OKX, and other institutions, increasing the likelihood of future token issuance.
How to participate: 1) Visit the official website and click “Stake Now”; 2) Connect your TON wallet to stake.
Bemo
Bemo is the second-largest liquid staking service provider in the TON ecosystem, offering users an annual yield of 3.9% for staking TON. With a current TVL of $76 million, it is an early-stage project in the TON ecosystem, offering substantial growth potential.
The project’s official website hosts an airdrop campaign—users who stake through the Bemo app can earn xtXP rewards, which can later be exchanged for $BMO tokens.
How to participate: 1) Visit the official website and click “Stake Now”; 2) Connect your TON wallet to stake.
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