BTC could drop to $58K

Hot projects + Market overview

I. Mainstream exchange news

• Binance will support the Pepper (1000PEPPER) airdrop for Chiliz (CHZ) holders.
• WOO X will list Neiro/USDT perpetual contracts.

II. Mainstream projects and trending events

• Animoca Brands is planning to acquire more PROS tokens from the open market.
• The Sui-based DeFi platform DeepBook will launch its DEEP token on October 14, alongside the release of DeepBook V3.
• Blast-native DEX Thruster has opened claims for its THRUST airdrop, which accounts for 7% of the total supply.
• State Street Bank is working on tokenizing bonds and money market funds.
• ZachXBT has discovered 11 addresses tied to influencer Murad, holding around $24 million in memecoins.
• Galaxy Digital, a market maker for EIGEN, has withdrawn 470,000 EIGEN tokens worth $1.75 million from Binance.

III. Funding news

• OpenGradient has secured $8.5 million in funding, with participation from a16z and CSX.

IV. Regulatory news

• Taiwan’s Financial Supervisory Commission is planning to introduce virtual asset custody services.
• India has delayed the release of its crypto monetary policy discussion paper, with no new publication date set.

V. Popular projects 

Market overview

BTC has dropped to a low of $60,301, continuing this round of correction.

If it fails to close above $62,539, the downtrend may persist. A break below the $60,000 support could push the correction further to $58,000.

SKBDI is up 55% in a day

The price of SKBDI, a memecoin inspired by the viral character Skibidi Toilet from the popular web animation series “Skibidi Toilet”, has surged 55% in the last 24 hours.

With over 20 million dedicated fans and billions of views, the Skibidi Toilet meme has become the "Meme of the Year" for 2023.

The SKBDI token has reached a market cap of $38.93 million.

HAMMY is up 17% in a day

The price of HAMMY, a memecoin featuring a sad mouse, has risen 17% in the last 24 hours.

With a total supply of 1 billion tokens and all LP tokens burned, the HAMMY token has reached a market cap of $25.61 million and on-chain liquidity of $1 million.

SPX is up 9% in a day 

The price of SPX6900, an abstract memecoin that aims to outperform the S&P 500 index, has increased by 9% in the last 24 hours.

SPX holders often create and share artwork featuring anime-style characters and the number “6900” as part of its growing narrative.

The token has reached a market cap of $556 million.

CHUD is up 13% in a day

The price of CHUD, a memecoin inspired by anti-meme culture, has risen 13% in the last 24 hours.

CHUD is being speculated as the next SPX, with a market cap of $24.20 million.

On-chain daily

1. CB: CB, fully known as  Cheeseball,  is a memecoin on the Solana network, featuring an orange, chubby cat in a wizard's outfit. It aligns with the MOODENG concept, transitioning from Web 2 to Web 3 popularity.

• Current Price: $0.01625
• Historical High: $0.0235,
• 24-Hour Increase: 63%
• Market Cap: $16.2M
• Official Twitter: https://x.com/Cheeseball_sol

2. CHEESEBALL: CHEESEBALL is the Ethereum version of the aforementioned memecoin Cheeseball.

• Current Price: $0.00181
• Historical Time High: $0.034
• 24-Hour Increase: 56%
• Market Cap: $1.8M
• Official Twitter: https://x.com/Cheeseball_eth

3. MSTR: MicroStrategy(MSTR) is an Ethereum-based memecoin featuring a strong cult-like style. Its concept similar to the recently surging memecoin SPX, both parodying stock tickers (MicroStrategy).

• Current Price: $0.1505
• Historical High: $0.288
• 24-Hour Increase: 7%
• Market Cap: $3.1M
• Official Twitter: https://x.com/MSTR2100

4. LABUBU:  LABUBU is a memecoin on Solana, featuring one of China's top-selling toy IPs, which has now been announced as a community takeover.

• Current Price: $0.0088
• Historical High: $0.01252
• 24-Hour Increase: 183%
• Market Cap: $8.8M
• Official Twitter: https://x.com/labubu_CTO

5. miharu: miharu is a memecoin on Solana, featuring a smiling dolphin, which is a common meme emoji. The dolphin's popularity has surged due to a tweet from @XData indicating that the emoji has been viewed over 32 million times on Twitter. Like MOODENG, it features a cute animal and has high expectations for surges, causing FOMO-driven purchases among crypto users, which has pushed up the price.

• Current Price: $0.0037
• Historical Time High: $0.00941
• 24-Hour Increase: 93,225%
• Market Cap: $3.7M
• Official Twitter: https://x.com/MiharuDolphin

6. MIHARU: MIHARU is the uppercase version of the aforementioned meme dolphin on Ethereum. It was announced as a community takeover.

• Current Price: $0.0499
• Historical High: $0.0675
• 24-Hour Increase: 5,400%
• Market Cap: $4.9M
• Official Twitter: https://x.com/MiharuDolphin

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 13 satoshis/byte
• Transaction fees have increased in response to the recent rebound in Bitcoin prices.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 111 satoshis/byte
• Gas fees have dropped significantly as transaction activity has decreased. Over the past seven days, fees have remained notably low.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $33.06
• 24-Hour Change: -5.9%
• Market Cap: $693.98M

DOG:

• Current Price: $0.0037
• 24-Hour Change: -1.26%
• Market Cap: $380M

FB:

• Current Price: $6.13
• 24-Hour Change: -12.6%
• Market Cap: $20.23M

Today's popular projects:

FBPlusToken:

Type: Fractal Bitcoin Inscription

Market Cap: $26.42M

24-Hour Trading Volume: $37.85K

24-Hour Increase: +12.58%

Number of Holders: 1,305

PUPS:

• Type: Inscription
• Market Cap: $122.83M
• 24-Hour Trading Volume: $51.08K
• 24-Hour Increase: +14.55%
• Number of Holders: 3,452

WADDLE•WADDLE•PENGU:

• Type: Rune
• Market Cap: $15.35M
• 24-Hour Trading Volume: $45.22K
• 24-Hour Increase: +70.02%
• Number of Holders: 3,086

Performances of today's top three tracks

DePIN: Overall sector daily increase -3.57%

1. MSN: Meson Network integrates and monetizes idle bandwidth from long-tail users at a low cost.

• Daily Increase: -3.57%
• Current Price: $0.1361
• Current Market Cap: Not Disclosed
• 24-Hour Trading Volume: $4.24M
• Recent News: Null

2. OXT: Orchid is a platform that supports a routing network incentivized by OXT and multi-hop VPN clients.

• Daily Increase: -11%
• Current Price: $0.07
• Current Market Cap: $41.41M
• 24-Hour Trading Volume: $13.95M
• Recent News: Null

3. XCH: Chia Network, founded by Bram Cohen, the inventor of the BitTorrent network, supports the development and deployment of the Chia blockchain globally.

• Daily Increase: -9.18%
• Current Price: $15.56
• Current Market Cap: $213.42M
• 24-Hour Trading Volume: $11.51M
• Recent News: Launched the first phase of branding and website updates (visual upgrade).

Layer2: Overall sector daily increase -4.01%

1. MERL: Merlin Chain is a Bitcoin Layer 2 supported by Bitmap.

• Daily Increase: 8.58%
• Current Price: $0.2287
• Current Market Cap: $111.48M
• 24-Hour Trading Volume: $7.87M
• Recent News: Null

2. AVAIL: Avail is a modular blockchain focused on data availability, allowing for scaling in ways that a monolithic blockchain cannot achieve.

• Daily Increase: -6.89%
• Current Price: $0.1622
• Current Market Cap: $288.33M
• 24-Hour Trading Volume: $2.89M
• Recent News: Null

3. OP: Optimism is an Ethereum L2 solution utilizing optimistic rollup technology.

• Daily Increase: -6.35%
• Current Price: $1.555
• Current Market Cap: $1.95B
• 24-Hour Trading Volume: $221.96M
• Recent News: Announced the fifth airdrop.

AI: Overall sector daily increase -5.12%

1. HEART: Humans.ai is creating an integrated platform for large-scale creation and governance based on AI, transforming NFTs into interactive smart asset categories.

• Daily Increase: -10.2%
• Current Price: $0.01012
• Current Market Cap: $63.74M
• 24-Hour Trading Volume: $312.59K
• Recent News: Will participate in the India Artificial Intelligence Summit.

2. ALI: Alethea AI is creating an intelligent metaverse inhabited by interactive and smart non-fungible tokens (iNFTs).

• Daily Increase: -8.25%
• Current Price: $0.01033
• Current Market Cap: $84.56M
• 24-Hour Trading Volume: $923.83K
• Recent News: Null

3. SPEC: Spectral's machine intelligence network is a two-sided marketplace that consumes machine learning (ML) and artificial intelligence (AI) inference with zero-knowledge machine learning (zkML).

• Daily Increase: -8.15%
• Current Price: $7.18
• Current Market Cap: $86.55M
• 24-Hour Trading Volume: $4.6M
• Recent News: Upcoming release of Syntax v2 version.

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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