Bitget Research: Altcoins Experience Significant Rebound, SUI Ecosystem Shows Strong Wealth Effect
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
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Sectors with strong wealth creation effect: SUI ecosystem and New tokens sector.
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Top searched tokens and topics: Vessel, TON, Putin, and SUI.
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Potential airdrop opportunities: LayerN and Elixir.
1. Market Environment
2. Wealth Creation Sectors
2.1 Sector Movements – SUI Ecosystem (SUI, SCA, and CETUS)
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Crypto asset management firm Grayscale has added Bittensor (TAO) and Sui Network (SUI) to its list of crypto investment products.
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Its mainnet will integrate the DAG-based consensus algorithm Mysticeti, with the upgrade process unfolding in several steps over the coming weeks.
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Changes in open interest: Using SUI as an example, the volume of SUI's open interest started rising from a low point yesterday, indicating hot money inflows. Consider using tv.coinglass to gauge the movement of major funds and monitor futures data. Start by observing the uptick in net long positions, and then monitor the futures data for any increase in open interest and trading volume. If this is the case, it means that major players are still buying as prices rise, so it might be advisable to continue holding.
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Impact of news: Pay attention to recent product updates and partnerships announced by projects. If an AMA is scheduled, consider positioning in related assets early, as there is a high likelihood that positive news will be released soon given the improved liquidity conditions.
2.2 Sector Movements – New Tokens (ZRO, ZK, and REZ)
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The prices of high market cap new tokens such as ZRO, ZK, and REZ rebounded from significant lows, which had fallen well below pre-market expectations due to prevailing negative market sentiment. As the market sentiment gradually stabilized, investment and pricing returned to rational levels, allowing ZRO, ZK, and REZ to quickly recover during the rebound.
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Whether new token projects like LayerZero, ZKsync, and Renzo can release further positive news to stabilize their token prices, and the extent to which negative market sentiment is absorbed, will directly impact the prices of new tokens.
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.
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