BTC's drop below $88K could trigger a correction

Hot projects + Market overview

I. Mainstream exchange news

• HTX has launched the X/USDT perpetual contract and started a contract trading party, as well as the HIPPO trading competition.
• Bitget has launched Usual (USUAL) in pre-market trading and PEAQ/USDT for futures trading with up to 20x  leverage.
• Binance Launchpool and pre-market trading will list Usual (USUAL) on November 19, accounting for 7.5% of the maximum token supply.
• OKX launched Act I: The AI Prophecy (ACT) spot trading and Major (MAJOR) pre-market trading.
• Bybit has listed Zircuit (ZRC) in pre-market trading.
• HashKey Global has listed RAY/USDT and STX/USDT perpetual contracts.

II. Mainstream projects and trending events

• Sui ecological domain name service SuiNS has opened NS token airdrop applications.
• Elon Musk-led Government Efficiency Department (D.O.G.E) official X account has gone live.
• Binance Labs has transferred tokens from four invested projects to Gate, including UNA, PSTAKE, SIS, and HIP.
• OpenAI is planning to debut its new artificial intelligence agent, codenamed "Operator," in January 2024.
• Ripple, a leading provider of enterprise blockchain and crypto solutions, has launched the US dollar stablecoin Ripple USD (RLUSD).
• Consensys Ethereum validator node provider Infura is planning to launch its Decentralized Infrastructure Network (DIN) as an Actively Validated Service (AVS) on the Ethereum restaking platform EigenLayer.
• Stripe's product manager Jeff Weinstein has tweeted that they will launch a software development kit (SDK) built for AI agents.
• Stride, a project focused on providing liquid staking solutions, has launched the beta version of the AI agent Echos.
• The Hong Kong Stock Exchange has launched a series of virtual asset indices.
• Sei's latest chain upgrade has reduced gas fees by 99% to less than 1 gwei.
• McDonald's has partnered with NFT brand Doodles to launch co-branded coffee and collectibles.
• The Rollup-as-a-Service platform Caldera has established the Caldera Foundation.
• The EVM smart account ecosystem Safe will launch the Safenet processing network and release a roadmap.

III. Funding news

• Ethereum Rollup deployment platform Caldera has acquired Hook, the development team behind Hook Odyssey, a perpetual futures Rollup focused on memecoins and NFTs.
• AI-based blockchain encryption signature solution provider Ennoventure has completed a $8.9 million Series A funding round led by Tanglin Venture Partners.
• Altos Ventures has raised $500 million for its new fund that focuses on technological innovation fields including AI and blockchain.
• Digital asset infrastructure provider Wyden has completed a $16.4 million Series B funding round led by Truffle Capital.

IV. Regulatory news

• The Financial Information Analysis Institute (FIU) of the South Korean Financial Services Commission has discovered at least 500,000 suspected cases of violations of customer identity verification (KYC) obligations during its review of the business renewal of the virtual asset exchange Upbit.
• The UK government will announce its plans to regulate the cryptocurrency industry this month, aiming to address the appeal of the cryptocurrency sector led by Donald Trump.

V. Popular projects 

Market overview

Bitcoin's daily chart shows upper wicks, signaling resistance around the $95,000 level and suggesting a higher chance of a short-term pullback.

A drop below $88,000 could trigger a correction, with key support levels at $83,000 and $76,000.

If these support levels hold, an upward trend might resume. Continued attention is on the ETH/BTC pair as well.

ZEREBRO: Strong performer in an oscillating market

Zerebro is a cross-chain, cross-platform AI designed as a schizophrenic artist, with tokens available on both ETH and SOL chains. 

The project, complete with a comprehensive whitepaper, allows users to view the bot's interactions, attracting considerable community attention.

Zerebro has a market cap of $31 million.

WHY: Resilient memecoin on BSC

WHY, a memecoin on the Binance Smart Chain, features an elephant mascot and emphasizes fairness with 100% of liquidity pool tokens destroyed, ensuring no retained ownership rights.

It was launched with 50% of its tokens sold in presale and 40% added to the liquidity pool.

Despite a market downturn and a 70% drop from its peak, WHY has rebounded rapidly, showcasing $12.7 million in liquidity and a 24-hour trading volume of $18 million.

AI16Z: Revolutionizing token trading with AI

AI16Z is a decentralized AI trading fund on Solana, leveraging AI to analyze on-chain and off-chain data for token trading.

This fusion of AI and trading has attracted substantial attention, notably including Marc Andreessen, co-founder of a16z.

The token has seen a consistent rise recently, with a market cap of $200 million and $1.5 million in on-chain liquidity.

PETUNIA: Binance-themed hippo meme

Petunia, a toy hippo meme, has become popular through frequent appearances in Binance’s tweets, garnering considerable community engagement.

The PETUNIA token has reached  $1.2 million in on-chain liquidity with a market cap of $28.13 million.

DOGINME: Hot meme in the Base ecosystem 

Originating from a Farcaster user's query about whether founder Dan Romero (DWR) owns a dog—which he confirmed—DOGINME symbolizes the DWR's dog.

This memecoin, reaching a market cap of $54.49 million, holds symbolic importance within the Base ecosystem.

LESTER: LTC's Meme Venture

LESTER, a meme token for Litecoin, was designed by KOL Greg to delve into the meme market. Released on Solana, it brings Litecoin's character into the playful realm of memes.

LESTER has garnered $1.5 million in on-chain liquidity and a market cap of $53 million.

On-chain daily

1. LESTER: LESTER is a memecoin on Solana, featuring the "Litecoin" of memecoins. On November 14, the official Litecoin X account posted, "In the current market environment, recognize Litecoin as a memecoin." The name LESTER is inspired by the Litecoin founder's name.

• On-Chain Token Holding Addresses: 18,551
• Current Price: $0.0612
• Market Cap: $61.2M
• Official Twitter: https://x.com/mascot78969

2. pippin: pippin is a memecoin on Solana created by Untapped Capital founder @yoheinakajima, featuring a token built using AI.

• On-Chain Token Holding Addresses: 17,065
• Current Price: $0.0659
• Market Cap: $65.9M
• Official Twitter: https://x.com/pippinlovesyou

3. jam: jam is a memecoin on Solana inspired by classic internet memes, featuring a little cat that wobbles around.

• On-Chain Token Holding Addresses: 9,385
• Current Price: $0.0185
• Market Cap: $18.5M
• Official Twitter: https://x.com/JamCatOnSolana

4. LUM: LUM is a memecoin on Base, emerging from the Farcaster platform, featuring the concept of co-creation between AI and humans.

• On-Chain Token Holding Addresses: 40,528
• Current Price: $66.69
• Market Cap: $66.6M
• Official Twitter: https://x.com/luminousbase

5. RAHA: RAHA is a memecoin on Solana, featuring a rescued rhino named RAHA in the real world.

• On-Chain Token Holding Addresses: 2,939
• Current Price: $0.00257
• Market Cap: $2.5M
• Official Twitter: https://x.com/rahatherhino

6. Jeff: Jeff is a memecoin on Solana, considered the Binance version of LESTER, with a doodle stick figure as its logo. The CTO phase is complete.

• On-Chain Token Holding Addresses: 2,586
• Current Price: $0.00197
• Market Cap: $1.9M
• Official Twitter: https://x.com/Binance_intern/status/1857169752432542158

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 10 satoshis/byte
• Fees have experienced a slight increase, though overall levels remain low over historical periods.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 4 satoshis/byte
• Fractal Bitcoin activity is currently inactive.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $37.85
• 24-Hour Change: -9.6%
• Market Cap: $794.36M

DOG:

• Current Price: $0.0044
• 24-Hour Change: +21%
• Market Cap: $474.42M

FB:

• Current Price: $4.51
• 24-Hour Change: +2.8%
• Market Cap: $26.9M

Today's Popular Projects:

1. FBmainchain: An inscription on the Fractal Bitcoin network, featuring the Fractal Bitcoin mainchain.

• Current Market Cap: $36.21M
• 24-Hour Trading Volume: $1,697
• 24-Hour Change: -6.2%
• Number of Holders: 13,038

2. 𝛑: An inscription and one of the leading tokens in the Inscription space, with a large and growing community. The market cap has shown a general upward trend over the past month.

• Current Market Cap: $622M
• 24-Hour Trading Volume: $6M
• 24-Hour Increase: +16.11%
• Number of Holders: 33,704

3. RUNES•X•BITCOIN: A Rune featuring Elon Musk and his symbolic use of the letter "X," representing unlimited possibilities and connections.

• Current Market Cap: $1.79M
• 24-Hour Trading Volume: $2.2K
• 24-Hour Increase: +11.39%
• Number of Holders: 105,789

Performances of today's top three tracks

Payment: Overall daily sector change: +10.62%

1. XRP: Created by Ripple Labs, XRP is a global cross-border payment network based on distributed ledger technology.

• Daily Increase: 16.49%
• Current Price: $0.8115
• Current Market Cap: $46.15B
• 24-Hour Trading Volume: $11.15B
• Recent News: The EURCV stablecoin, supported by Societe Generale, will launch on the XRP Ledger.

2. MATH: MATH is a multi-chain token DApp and general-purpose Web3 wallet. The founder is of Chinese descent, and the project was led by Binance.

• Daily Increase: 12.52%
• Current Price: $0.2839
• Current Market Cap: $51.11M
• 24-Hour Trading Volume: $2.62M
• Recent News: BNB Chain Carnival launched; no gas fees from November 11 to December 9.

3. CLV: CLV Chain is a dedicated Layer 1 chain based on Substrate, compatible with EVM and capable of cross-chain interoperability. The CLV wallet is a multi-chain wallet for daily use, DeFi, and gaming.

• Daily Increase: 10.38%
• Current Price: $0.03319
• Current Market Cap: $33.19M
• 24-Hour Trading Volume: $31.86M
• Recent News: None

RWA: Overall daily sector change: +0.33%

1. NXRA: An RWA tokenization infrastructure that enables businesses to issue and manage assets.

• Daily Increase: 35.42%
• Current Price: $0.03842
• Current Market Cap: $30.4M
• 24-Hour Trading Volume: $167.37K
• Recent News: Announced the upcoming launch of MAGMA, a real estate tokenization startup.

2. SOLO: Sologenic is a tokenized ecosystem that helps users invest, trade, and tokenize assets like stocks, ETFs, and fiat currencies on the XRP Ledger.

• Daily Increase: 18.39%
• Current Price: $0.10769
• Current Market Cap: $42.99M
• 24-Hour Trading Volume: $156.64M
• Recent News: Released roadmap and updates on asset tokenization details.

3. CTC: A Layer 1 blockchain infrastructure featuring a credit protocol that can record credit history and loan performance.

• Daily Increase: 14.28%
• Current Price: $0.5993
• Current Market Cap: $234.98M
• 24-Hour Trading Volume: $156.64M
• Recent News: None

CeFi: Overall daily sector change: -0.76%

1. ASD: AscendEx is an exchange launched in 2018 by Wall Street investors, with the founder and key members of Chinese descent.

• Daily Increase: 13.81%
• Current Price: $0.0407
• Current Market Cap: $30.24M
• 24-Hour Trading Volume: $1.22M
• Recent News: None

2. TROY: A hybrid asset management platform that aggregates major decentralized and centralized exchanges, primarily providing brokerage services for institutional users.

• Daily Increase: 7.23%
• Current Price: $0.00423
• Current Market Cap: $42.28M
• 24-Hour Trading Volume: $108.73M
• Recent News: Bybit has launched the TROY/USDT perpetual contract.

3. BMX: A centralized exchange founded in 2017, with the founder and key members of Chinese descent.

• Daily Increase: 3.65%
• Current Price: $0.2866
• Current Market Cap: $97.28M
• 24-Hour Trading Volume: $475.43K
• Recent News: Launched a new user acquisition campaign on November 12, with a prize pool of 10,000 USDT.

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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