Bitget Research: DOGS supports direct airdrop pre-funding to Bitget; ETH Gas has hit bottom, consider phased position building
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Bitget Research: DOGS supports direct airdrop pre-funding to Bitget; ETH Gas has hit bottom, consider phased position building
Over the past 24 hours, several new trending cryptocurrencies and topics have emerged in the market, and they could very well be the next wealth-generating opportunities.
Navigating Web3 tides with focused insightsAuthor: Bitget Research
Summary
BTC fluctuated narrowly over the weekend, ETH gas dropped below 1gwei, on-chain activity remained low, and altcoins lacked notable catalysts. The high-traffic DOGS project within the TON ecosystem captured market attention.
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Sectors worth watching: TON ecosystem;
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User trending tokens & topics: Carv, COTI, Bitget, Blum, Symbolic, etc.;
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Potential airdrop opportunities: Movement, Elixir;
Data collection time: August 19, 2024, 04:00 (UTC+0)
I. Market Environment
The overall market is range-bound. Last week, Bitcoin spot ETFs recorded net inflows for four out of five trading days, with only one day of net outflows, totaling just $32 million in net inflows. ETH gas fees fell below 1gwei, on-chain activity remains sluggish, and altcoins lack momentum. Over the weekend, several older tokens including DAR, RARE, and SYN surged sharply without clear positive news—investors should be cautious about potential extreme volatility in these assets.
Market focus is on DOGS, a high-traffic Telegram Mini App project on the TON ecosystem. The DOGS airdrop claim period ends on August 22, with the token generation event (TGE) scheduled for August 23. DOGS now supports direct pre-deposit of airdrops to Bitget accounts.
II. Wealth-Creating Sectors
1) Sector to watch: TON Ecosystem
Main reasons:
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A large number of Telegram Mini App projects on TON are attracting significant traffic. DOGS, which is nearing its TGE, has drawn substantial market interest. Exchanges such as Bitget, OKX, and Bybit have enabled pre-deposit features for the DOGS airdrop. Projects like Catizen, Hamster Kombat, and Tier-2/3 Telegram Mini Apps are increasingly forming partnerships with exchanges, projects, and VCs.
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The TON ecosystem continues to expand across multiple fronts, with several recent milestones: Former members of the TON Foundation established TON Ventures, a fund with an initial size of $40 million;
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TON hinted at naming its upcoming Bitcoin bridge token "tgBTC"; Injective announced integration with the TON ecosystem.
Specific token list:
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TON, NOT, high-traffic Telegram Mini App projects that have not yet launched tokens
III. User Trending Topics
1) Popular Dapp
CARV:
CARV is a gaming-focused ID infrastructure aiming to build a user-owned gaming identity that enables achievement tracking, friend discovery, game discovery, direct monetization, and portability across platforms. Yesterday, this Dapp reached over 610,000 unique active wallets. The project has been active recently: On April 26, CARV announced a $10 million Series A funding round; on May 31, Animoca Brands announced a strategic investment in CARV and became a node operator.
2) Twitter
COTI:
COTI is a blockchain project designed specifically for decentralized payment systems, offering low-cost, high-speed payment solutions through its proprietary Trustchain technology and DAG architecture. Recently, COTI launched a “Treasury” system to enhance token utility and partnered with Cardano to launch the Djed stablecoin. Additionally, the upgrade to COTI Pay Business 2.0 further improved payment processing capabilities, while exploration into NFT marketplace integrations indicates significant progress in expanding use cases and strengthening its ecosystem.
3) Google Search & Regions
Global Overview:
Bitget:
Driven by Bitget's collaboration with DOGS, the Bitget app surged in rankings on Apple’s iOS App Store, entering the top 10 finance apps in 11 countries—reaching #2 in Nigeria, #6 in Ukraine, and #8 in Belarus. DOGS airdrop claims can now be made directly via Bitget accounts with zero gas fees. Additionally, Bitget launched the "BitgetLuckyDogs" campaign, where users depositing at least 1,000 DOGS automatically enter a lucky draw (grand prize: 1 BTC).
Regional search trends:
(1) In Asia, interest is more fragmented, with terms like "RWA" and "DogeCoin" trending in multiple countries;
(2) In Europe and North America, no clear trend dominates, though project names such as Solana, Blum, and Symbolic appear in several national searches;
(3) In Latin America, there is stronger interest in ETH and Floki, with public blockchains and meme coins appearing in search trends in Colombia and Argentina.
IV. Potential Airdrop Opportunities
Movement
Movement Labs was founded in 2022 and previously raised $3.4 million in seed funding in September 2023. In addition to its flagship product, Movement L2, Movement Labs is launching Move Stack—an execution layer framework compatible with rollup frameworks such as Optimism, Polygon, and Arbitrum.
Recently, Movement Labs secured $38 million in Series A funding led by Polychain Capital, with participation from prominent firms including Hack VC, Foresight Ventures, and Placeholder.
How to participate: Visit the Movement Zealy task portal (note: social tasks are time-limited and continuously updated), perform DEX interactions—complete a few test transactions—and await further official announcements.
Elixir
Founded in 2022, Elixir is a modular DPoS liquidity network enabling anyone to provide direct liquidity to order books, bringing liquidity to long-tail crypto assets and allowing exchanges and protocols to bootstrap their ledger liquidity.
Funding history: $8 million Series B on March 12, 2024 (valuation: $800 million); $7.5 million Series A on October 18, 2023; $2.1 million seed round on January 17, 2023. Investors include Hack VC, GSR, Sui, and Amber Group.
How to participate: Earn points through Apothecary by depositing at least $100 worth of ETH to mint elxETH and unlock treasure chests. elxETH is a native yield-bearing token backed 1:1 by ETH and will serve as a cross-chain LP token upon mainnet launch, powering order book liquidity for exchanges. Additionally, you can provide liquidity to protocols supported by Elixir via https://agg.elixir.xyz/.
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