BTC may have hit a temporary peak

BTC may have hit a temporary peak

Hot projects + Market overview

I. Mainstream exchange news

  • Binance has listed the BONK token for spot trading.
  • Bitget Launchpool PEAQ's yield rate has increased to 535.49% APR, with a 24-hour increase of 12,414.33% for PEAQ.
  • Bitget has launched compliant crypto services in the UK, offering over 150 digital assets.
  • Bitget has listed the XION (XION) token for pre-market trading.
  • OKX has launched the PNUT/USDT pair for perpetual contracts.

II. Mainstream projects and trending events

  • PayFi network Huma Finance has expanded to Solana.
  • World, formerly known as Worldcoin, has announced the launch of its World ID Orb verifications in Brazil.
  • Elon Musk has retweeted a Trump administration announcement appointing him to lead the Department of Government Efficiency, mentioning "DOGE" twice.
  • McDonald's has released a video hinting at a collaboration with NFT project Doodles, which has a daily trading volume of 810.64 ETH.
  • Crypto asset management company Canary has submitted an HBAR ETF application to the US SEC, to list and trade shares of its spot Hedera ETF, aimed at providing investment exposure to the native assets of the Hedera Network.
  • Sui Ecological Lending Agreement Suilend is planning to launch mdrops, a new token allocation model intended to be used for the launch of its token SEND.
  • Layer1 project XION has opened up an inquiry into its token airdrops amid complaints about airdrop rules in the community.
  • Stablecoin issuer Tether has announced the launch of an open-source Wallet Development Kit (WDK). 
  • Pendle, a decentralized finance protocol, is planning to launch its yield trading platform, Boros, and will change the future revenue distribution of its protocol.
  • Unichain has gone live and released a withdrawal guide for early developers to access bridging ETH.
  • Genius Group, an AI-driven education group, has adopted a global "Bitcoin-first" strategy, planning to allocate over 90% of its reserves assets to Bitcoin.
  • ZetaChain, a blockchain platform known for its Universal Blockchain initiative, has partnered with Google Cloud to promote Bitcoin applications and the development of universal blockchains.
  • Bitwise will launch the Aptos Staking ETP on the Swiss Stock Exchange.
  • Ethereum Layer 2 network Starknet will launch STRK staking on the mainnet on November 26.
  • Circle's stablecoin USDC will be listed on Unichain, the Layer2 network launched by Uniswap Labs.
  • Social network graph protocol Lens has launched a high-performance network Lens Network (Lens V3), which is centered around social modular functionality, and has opened a test network, focusing on social modular functionality.
  • Educational project Giggle Academy has released its Alpha version, and users can now download the APK from the official website.

III. Funding news

  • Notabene, a crypto anti-money laundering company, has completed a $14.5 million Series B funding round led by DRW Venture Capital.
  • Web3 AI company Eidon has completed a $3.5 million seed round led by Framework Ventures.
  • Animoca Brands' Mocaverse has completed a $10 million funding round, which was participated in by OKX Ventures.

IV. Regulatory news

  • According to Fox Business Journalist Eleanor Terrett, Scott Bessent, the nominee for Treasury Secretary by Donald Trump and the founder of the globally renowned macro investment firm Key Square Group, is very supportive of cryptocurrencies.
  • Italy wants to cap crypto tax at 28%, lower than the 42% originally proposed last month.

V. Popular projects 

Market Overview

BTC has reached a high of $89,940 before pulling back to around $85,000, signaling a potential short-term top. If BTC drops below $85,000, the rally from $69,732 will likely be considered complete.

The pullback could potentially occur in two ranges: $76,000–$82,000 and $82,000–$85,000. A shallower decline would suggest stronger upward momentum ahead. If ETH rebounds strongly during BTC's decline, altcoins may see substantial gains.

DOGE: Boosted by political developments

DOGE, derived from Elon Musk's "Department Of Government Efficiency" tweet shared on X, has gained new traction after Donald Trump's election win.

On November 13, Musk posted another image with the Shiba Inu and "DOGE," saying "America was saved by a squirrel and a memecoin". 

This sparked a strong performance in DOGE, with $7.4 million in on-chain liquidity and a market cap of $390 million.

BONGO CAT: Rising musical memecoin sensation

Bongo Cat is a musical meme that lets users play instruments like drums, pianos, and harps on its website, providing fun and interactive entertainment.

The BONGO token's popularity has surged recently, with $1.6 million in on-chain liquidity and a market cap surpassing $70 million.

GINNAN: Doge's feline cousin gaining traction

Ginnan, self-proclaimed as Doge's feline cousin, brands itself as the "cat's Doge" with a zero-tax policy.

With a total supply of 6.9 trillion, it has $1.3 million in on-chain liquidity, a daily transaction volume of $15.58 million, and a market cap of $37.91 million.

MAJOR: Satirical memecoin

Major Frog is a satirical meme that mocks NASA, suggesting the 2013 spaceship launch was fabricated and promoting flat Earth and moon denial theories.

The token’s narrative centers on Major Frog, the "truth-knowing" creature, who allegedly sacrificed itself for the cause.

With a humorous, sarcastic twist, the token currently has $780,000 in on-chain liquidity and a market cap of $34.53 million.

FRED: Controversial meme Inspired by Peanut’s story

Fred is a meme linked to Peanut, a squirrel saved by Mark Longo after being hit by a car in New York City. Peanut became an internet star with over 500,000 Instagram followers.

In October 2024, the New York Department of Environmental Conservation (DEC) confiscated Peanut and Fred, and during the investigation, Peanut reportedly bit an officer, leading to both animals being euthanized for rabies testing.

The token has $2.3 million in liquidity and a market cap of $41.6 million.

On-chain daily

1. MOMO: MOMO is a memecoin on the Solana blockchain, featuring the other dog owned by the DOGE creator’s family.

2. MAJOR: MAJOR is a memecoin on Solana, featuring an image from NASA’s recent launch capturing what looked like a frog-shaped shadow.

3. $MEGA: $MEGA is a Solana-based memecoin with the theme "Make Europe Great Again," reminiscent of MAGA.

4. DOGE: DOGE is an Ethereum-based memecoin, featuring recent DOGE price movements, with the slogan "Make America Great Again with Dogecoin."

5. 霞 (Kasumi): Kasumi is a memecoin on Solana and the first AI-created token (Kasumi152), launched autonomously without human intervention.

  • On-Chain Token Holding Addresses: 10,072
  • Current Price: $0.01431
  • Market Cap: $14.4M
  • Official Twitter: None, but AI Twitter account: https://x.com/Kasumi152_ai

6. Banana: Banana is a Solana memecoin featuring the rumor that SpaceX’s Starship got a new banana sticker. It was announced as a full community takeover on November 13.

  • On-Chain Token Holding Addresses: 6,367
  • Current Price: $0.01552
  • Market Cap: $15.2M
  • Official Twitter: https://x.com/BananaforScaleX/status/1856400329748685200

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

  • Current BTC Transaction Fee: 9 satoshis/byte
  • Fees have seen a minor increase but remain generally low over historical periods.

Fractal Bitcoin Gas Fee Update:

  • Transaction Fee: 6 satoshis/byte
  • The current Fractal Bitcoin space shows minimal activity.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $40.54
  • 24-Hour Change: -8.26%
  • Market Cap: $850.48M

DOG:

  • Current Price: $0.0039
  • 24-Hour Change: -10%
  • Market Cap: $401.99M

FB:

  • Current Price: $4.65
  • 24-Hour Change: -6.82%
  • Market Cap: $27.19M

Today's Popular Projects:

FBmainchain: A Fractal Bitcoin inscription project themed as the "Fractal Bitcoin Mainchain."

  • Current Market Cap: $37.75M
  • 24-Hour Trading Volume: $1,697
  • 24-Hour Change: -6.2%
  • Number of Holders: 12,443

𝛑 (Pi): An inscription, among the top inscription projects. Its market cap has shown a generally upward trend over the past month with a growing community and holder base.

  • Current Market Cap: $360M
  • 24-Hour Trading Volume: $4M
  • 24-Hour Change: +17%
  • Number of Holders: 31,554

CYPHER•GENESIS: A Rune token featuring an AI-themed memecoin concept.

  • Current Market Cap: $7.4M
  • 24-Hour Trading Volume: $192K
  • 24-Hour Change: +40%
  • Number of Holders: 6,079

Performances of today's top three tracks

Payment: Overall Daily Sector Change: +6.2%

1. XLM: An open network for storing and moving money. Stellar is an open network for storing and moving money, enabling the creation, sending, and trading of digital representations of all forms of money, including dollars and Bitcoin. Its design allows all the world’s financial systems to work together on a single network.

  • Daily Increase: 14%
  • Current Price: $0.131
  • Current Market Cap: $3.92B
  • 24-Hour Trading Volume: $800M
  • Recent News: Franklin Templeton announced a $1.7 trillion investment in XLM

2. XRP: A cryptocurrency created by Ripple Labs Inc., XRP is a global cross-border payment network based on distributed ledger technology, claiming to enable secure, instant, and nearly free global financial transactions of any size.

  • Daily Increase: 14.1%
  • Current Price: $0.694
  • Current Market Cap: $39.5B
  • 24-Hour Trading Volume: $13B
  • Recent News: Null

3. PIP: A project adding Web3 functionality to traditional social platforms with billions of users, supported by Coinbase and incubated by Binance Labs.

  • Daily Increase: 12%
  • Current Price: $0.0275
  • Current Market Cap: $6.1M
  • 24-Hour Trading Volume: $977K
  • Recent News: Null

MEME: Overall Daily Sector Change: +5%

1. GNON: A memecoin on Solana combining AI and religious concepts, promoted by lumpenspace and symbolizing "nature or destiny."

  • Daily Increase: 56%
  • Current Price: $0.336
  • Current Market Cap: $33.6M
  • 24-Hour Trading Volume: $26M
  • Recent News: Null

2. BONK: A classic memecoin on Solana, aiming to be the DOGE of the SOL ecosystem.

  • Daily Increase: 35%
  • Current Price: $0.0000346
  • Current Market Cap: $3.2B
  • 24-Hour Trading Volume: $2.6B
  • Recent News: Null

3. ACT: An AI-based memecoin on Solana with a generation method similar to GOAT. Act I is supported by a16z founder Marc Andreessen, with team members like Truth Terminal founder Andy Adyrey.

  • Daily Increase: 31%
  • Current Price: $0.58
  • Current Market Cap: $555M
  • 24-Hour Trading Volume: $946M
  • Recent News: Recently listed on Binance

SocialFi: Overall Daily Sector Change: -0.7%

1. MLK: Uses Milk Coin (MLK) as a primary currency for integrating and trading reward points across service companies in tourism, leisure, and lifestyle.

  • Daily Increase: 9%
  • Current Price: $0.24
  • Current Market Cap: $96M
  • 24-Hour Trading Volume: $26M
  • Recent News: Launched a member discount event

2. MBL: Utilizes blockchain technology to address issues in cinema and home entertainment industries dominated by corporate groups. Content creators gain transparent revenue shares, audience data, and fair screening opportunities. Viewers earn rewards for providing curation, subtitles, and marketing materials to the community.

  • Daily Increase: 7.8%
  • Current Price: $0.0031
  • Current Market Cap: $55M
  • 24-Hour Trading Volume: $120M
  • Recent News: Launched a Twitter event with MBL token giveaways for retweets

3. DESO: The native cryptocurrency supporting decentralized social blockchain applications, DESO enables the purchase of "social tokens" and NFTs, and the creation of profiles and posts for decentralized social apps.

  • Daily Increase: 2.5%
  • Current Price: $4.3
  • Current Market Cap: $45M
  • 24-Hour Trading Volume: $758K
  • Recent News: Launched the trading platform "Focus"

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. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data during provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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