Bitget Wallet Weekly Report｜10.Apr- 14.Apr
About this week:
It has been an eventful week in the cryptocurrency world. The "Hong Kong Web3 Festival 2023" is taking place from April 12th to 15th, and the successful Ethereum Shanghai upgrade did not result in significant sell-off pressure. FTX has retrieved $7.3 billion in funds and may restart its trading platform, causing a surge of over 100% in the FTT token. Amidst the excitement, Elon Musk continues to make waves, with the ElonMuskCEO token reaching 25x in just four days and leading a trend of CEO tokens.
In the past week, a total of 41 new projects were added to our online database. The chart below shows the top performing projects in the past week and reflects the overall increase over the last week.
The Bitget Wallet (Previously BitKeep) Academy will keep searching for promising projects and daily track and showcase trending projects, providing the most detailed information as soon as possible. All the projects mentioned in this article can be traded on the Bitget Wallet (Previously BitKeep) wallet. Bitget Wallet (Previously BitKeep) will select high-quality assets and NFT projects daily to share with Bitget Wallet (Previously BitKeep)ers, helping everyone easily capture market opportunities while obtaining the latest information.
Elon Musk CEO（$ELONMUSKCEO）
Last week, Elon Musk changed the Twitter logo to a DOGE dog head, resulting in a nearly 30% surge in DOGE token price. This week, he yet again sparked a new trend of CEO tokens by launching a meme project inspired by CEOs on Twitter, which currently ranks first on Pinksale's trend list. In just four days, it has surged 25x since its launch.
As a result,multiple CEO tokens inspired by dogs have emerged on the BSC chain, which have rallied significantly. Currently, the CEO project is showing promising trends, and with increasing activity in the market, we can expect it to boost the entire sector.
GroveCoin ($GRV) is a community meme token based on the BNB chain which aims to support Grovers in an environmentally friendly way by leveraging the opportunities offered by secure decentralized digital currencies. This week, GroveCoin announced the imminent release of its public chain and revealed on Twitter that over 30 projects will be deployed on its new public chain, with an IDO to be conducted within its ecosystem.
GRV has been very active recently, with its CEO making appearances in multiple AMA events. As a result of this news, trading volume for GRV has increased significantly, and trading activity has become more active. The GroveBlockchain cross-chain bridge is also ready for launch after testing and will soon allow users to earn $GRV.
Chirply is a SocialFi platform that provides its clients with an opportunity to connect with their target audience. This week, Chirply collaborated with BabyDoge to hold a Burn event, where Chirply locked 1% of its total supply in BabyDoge locker, while BabyDoge promoted the event on Twitter to boost Chirply's traffic. As a result of this collaboration, trading volume for $CHRP has continued to increase, and its price has rallied this week.
Furthermore, the Chirply team has announced that they will burn 1% of the $CHRP token supply each quarter starting next year.
$STG is a token used for rewards on Stargate Finance, which is built on Ethereum, BNB, and other chains. Last week, LayerZero completed a $120 million Series B financing round, valuing the company at $3 billion. As the market had high expectations for the LayerZero airdrop, trading volume for LayerZero surged.
Stargate Finance, as a cross-chain bridge built on LayerZero, has benefited from the positive news and increased data of LayerZero. Trading volume increased significantly, with a 140% increase in trading volume compared to the previous day, and its price surged by 12%.
Pandora Finance （$PNDR）
Pandora Finance is a liquidity solution ecosystem that includes multiple protocols such as Express Protocol, Unity Market, and Aconomy.
The native token $PNDR is primarily used as a utility token for trading various NFTs on the Pandora ecosystem. The more NFTs that are traded, the greater the demand for $PNDR. In the future, $PNDR may also be used as a governance and collateral infrastructure token in upcoming DAOs.
Trading volume for $PNDR has increased, with the highest reaching $540,000 USD. Recently, $PNDR has also shown strong performance and high trading activity. Additionally, Pandora Finance is building the world's first RWA-backed DEX.
Venus is an algorithmic money market and synthetic stablecoin lending protocol launched on the BNB chain. The Venus Protocol is considering entering the realm of Real World Assets (RWA).
$XVS is the native BEP-20 governance token of the platform, primarily used for participating in platform governance. This includes voting on product upgrades, adding new collateral types, and adjusting platform parameters. Whether $XVS will continue to perform well in the future depends on whether the RWA topic will continue to develop.
FTX Token($FTT) Keyword：CEX+ETH+DEX
During a court hearing on Wednesday, the bankruptcy lawyer for FTX stated that the company is considering reopening its trading platform business in the future. One possibility is that FTX's creditors would convert their debt into shares of the reopened trading platform, and the restart of the trading platform business could occur in the second quarter.
FTX has already retrieved about $7.3 billion in assets, which is higher than the $1.9 billion retrieved in January. As a result of this news, trading volume for FTT has surged, and the token price has increased by 80.89% in the last 24 hours.
Gud Guess($GG) Keyword：ETH+ARB+GAMBLE
Gud Guess (GG) is the first lottery-style game to support Uniswap V3 TWAP, with a weekly ETH reward as the grand prize. Within a week of its launch, the prize pool has already accumulated over 78,000 USDT.
$GG is in a positive feedback burning and deflationary cycle, with $GG being continually burned while the rewards in the lottery pool continue to grow. The lottery drawing is set to take place this weekend, and the hype surrounding it remains high. As we have mentioned before, the gambling sector has been expanding on major blockchain networks, and Gud Guess has already launched on the ARB chain in addition to the ETH chain.
The successful upgrade of the Shanghai and Capella has been completed! On the first day, the vast majority of withdrawals came from the staking rewards accumulated by the staking nodes, and there was no selling pressure. After the Shanghai upgrade, with the funds staked on ETH becoming more flexible, more stakers may be attracted to the LSD project to obtain block rewards in ETH. The concepts of LSD and LSDFi continue to gain momentum, and the upcoming Cancun upgrade has raised market expectations for the LSD sector. In addition, the latest hot topic is RWA, as it has the potential to produce 100x returns once it gains momentum.
Bitget Wallet (Previously BitKeep) will share the latest information with all Bitget Wallet (Previously BitKeep)ers as soon as possible.
Join Bitget Wallet (Previously BitKeep) English Official Telegram Group for more information: https://t.me/Bitkeep_New
Risk warning: Digital currency is a high-risk investment method. Investors are advised to purchase cautiously and pay attention to investment risks. Bitget Wallet (Previously BitKeep) will select high-quality currencies, but does not undertake guarantee, compensation and other responsibilities for investment behavior. Digital asset contract trading is an innovative product with high risks and strong professionalism. Please judge your investment ability rationally and make investment decisions prudently.
- ProductCelebrate Brand Upgrade and Trade Futures to Share 100,000 USDT2023-08-11
- ProductSwap $SDEX and Share 800,000 $SDEX Airdrop Rewards2023-08-10