Bitget Research: Trump delivers bullish remarks at Bitcoin conference, Neiro leads Solana Meme sector rally
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Bitget Research: Trump delivers bullish remarks at Bitcoin conference, Neiro leads Solana Meme sector rally
Over 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
Trump delivered a positive speech at the Bitcoin 2024 conference, but BTC price showed minimal fluctuation as the market had already priced in the bullish expectations. Solana's 24-hour DEX trading volume surpassed the combined volumes of Ethereum and Arbitrum, with SOL breaking through $190. This week focuses on macroeconomic developments and U.S. stock markets: the Federal Reserve will announce its interest rate decision, and major tech giants will release their new quarterly earnings reports.
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The sectors showing strong wealth creation potential are: SOL and the Solana ecosystem
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User's trending tokens & topics: Matr1x, Bitcoin, neiro;
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Potential airdrop opportunities: Hamster Kombat, Tonstakers;
Data collection time: July 29, 2024, 4:00 AM (UTC+0)
I. Market Environment
At the Bitcoin 2024 conference, Trump made several bullish remarks, including plans to retain government-stored Bitcoin as a strategic reserve if elected, and his prediction that Bitcoin’s market cap will eventually surpass that of gold. BTC briefly rose slightly before falling back, showing only minor overall volatility, indicating that the market had already priced in these positives. Bitcoin DVOL volatility dropped from 67 to 53.
Solana’s 24-hour DEX trading volume exceeded the combined totals of Ethereum and Arbitrum. SOL broke above $190. The sudden emergence of the Neiro meme concept fueled a surge in Solana meme trading, with the two most traded Neiro tokens recording over $550 million in DEX trading volume in the past 24 hours.
This week’s focus is on macroeconomics and U.S. equities: the Federal Reserve will announce its interest rate decision, and major tech companies including Microsoft, Apple, and Meta will release their latest quarterly earnings reports.
II. Wealth-Generating Sectors
1) Sector Movement: SOL and Solana Ecosystem
Main reasons:
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SOL has shown strong price performance, rebounding 50% from its recent low over the past month. The SOL/BTC trading pair rose 20% over the past month, while the SOL/ETH pair increased by 39%.
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On July 28, Solana’s 24-hour DEX trading volume surpassed the combined volumes of Ethereum and Arbitrum. On July 24, Solana surpassed Ethereum in 30-day DEX trading volume for the first time.
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Over the weekend, the sudden emergence of the Neiro meme concept drove a surge in Solana meme trading activity. The two most traded Neiro tokens recorded over $550 million in DEX trading volume in the past 24 hours, significantly outperforming their counterparts on the Ethereum chain.
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The Solana Breakpoint 2024 conference will be held in Singapore on September 20–21. Unlike other projects that often experience price drops around major events, SOL demonstrated remarkable upward momentum surrounding the 2023 Breakpoint event, breaking through multiple key resistance levels from $30.
Price movement: SOL rose 4% over the past 24 hours, breaking above $190.
Factors influencing future trends:
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Whether Solana’s DEX trading volume can remain high and whether Solana meme activity can sustain trading momentum.
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Ongoing innovation within the Solana ecosystem, such as progress on Solana Blinks, project updates, and major announcements leading up to or during Solana Breakpoint 2024.
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After the launch of Ethereum spot ETFs, the market may seek new narratives and expectations. Until there is a clear outcome regarding a potential SOL spot ETF, any positive news related to this possibility could serve as a catalyst for market rallies.
III. User Trends
1) Popular Dapp
Matr1x
The Web3 cultural entertainment platform MATR1X announced it has secured investment from Makers Fund, a top-tier U.S. gaming fund. Backing from elite investors like Makers Fund reflects confidence in MATR1X’s mission to drive mass adoption of Web3 and reshape the gaming industry. MATR1X also revealed the tokenomics for its governance token MAX. The total supply of MAX is capped at 1 billion tokens, with 94 million tokens allocated for airdrops to holders of MATR1X platform NFTs.
2) Twitter
Bitcoin
Presidential candidate Trump attended the BTC conference in Nashville over the weekend, announcing that if elected, he would establish a national strategic BTC reserve and ensure the U.S. government never sells its BTC holdings. Senator Cynthia proposed that the Treasury purchase 1 million BTC. These developments pushed Bitcoin above $69,000, fueling extremely optimistic market sentiment.
3) Google Search & Regional Trends
Global overview:
neiro:
Neiro is the name of a newly adopted dog owned by the original adopter of Doge. Since launching as a meme coin on Solana, it has gained immense popularity, reaching nearly $600 million in trading volume on its first day and creating numerous overnight fortunes. However, the neiro meme coin currently carries significant risks—for example, multiple tokens share the same name and are competing for ticker dominance. Investors are advised to monitor further developments carefully.
Regional search trends:
(1) In Asian countries, Google Trends show no distinct patterns. BTC and SHIBA, along with select meme coins, dominate market attention. Crypto data platforms Coinglass and Coinmarketcap also appear on regional search lists.
(2) CIS regions show higher interest in meme coins, with terms like BLUM trending. Western countries mainly search for dogi, floki, and other recently popular projects and sectors.
IV. Potential Airdrop Opportunities
Hamster Kombat
Hamster Kombat is a tap-based game built on Telegram where players act as CEOs of a cryptocurrency exchange. By tapping a hamster on screen within Telegram, players earn coins. These coins can be used to upgrade the exchange and increase hourly profits, which may lead to future token airdrop rewards. Additional income can be generated by subscribing to Telegram channels or inviting friends.
The project has attracted over 150 million users globally. Its social presence includes 12 million Twitter followers and over 50 million subscribers on its official Telegram channel.
How to participate:
- Tap daily to earn a fixed amount of hamster coins;
- Use hamster coins to purchase combo cards based on community information, increasing passive coin earnings and claiming daily airdrop packages;
- Bitget has launched a pre-market, allowing users to place pre-listing sell orders to lock in profits early.
Tonstakers
Tonstakers is the largest liquid staking provider in the TON ecosystem, offering users an annual yield of 3.8% by staking TON through the protocol. The project currently holds $256 million in TVL and has relatively high valuation potential.
The project has drawn attention from the Ton Foundation and currently serves 68,000 stakers. It collaborates with core TON developers, Tonkeeper, OKX, and other institutions, positioning it well for future token issuance.
How to participate: 1) Visit the official website and click “Stake Now”; 2) Connect your Ton wallet to stake.
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