Bitget Research: Bitcoin Surpasses $71,000, BTC Ecosystem Assets Expected to Continue Rising
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: Inscription sector and new BTC ecosystem assets.
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Top searched tokens and topics: Catizen, Natix Network, and Jasmy.
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Potential airdrop opportunities: Scroll and Zircuit.
1. Market Environment
2. Wealth Creation Sectors
2.1 Sector Movements – Inscription Sector (ORDI and SATS)
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Updates from BTC core developers like Casey and other project teams: Follow the project team's Twitter, Telegram, and Discord announcements. The Bitcoin ecosystem projects are very likely to share positive news. Staying updated with these news is crucial. As a relatively new sector project, the new asset protocol Runes may generate some hype around the ecosystem.
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Release schedule of Atomicals' AVM: Atomicals Protocol released the whitepaper for the Atomicals Virtual Machine (AVM), detailing a phased software launch, starting with the interpreter operation followed by modifications to the indexer nodes. Each major advancement could potentially catalyze subsequent market movements.
2.2 Sector Movements — New Assets in the BTC Ecosystem (RUNE, CKB, and STX)
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Market attention on CKB and STX during Bitcoin's rise: CKB, as a prototype project for the UTXO Stack, is highly favored and considered one of the best representatives of Bitcoin Layer 2 technology. Recently, the asset issuance protocols based on RGB++ has been gaining traction, bringing a wealth creation effect to the ecosystem. STX, using threshold signature scheme Token T, is experiencing speculative anticipation following the Nakamoto upgrade on May 15. Additionally, Bitcoin halving will introduce new changes, further reducing miner income, necessitating a thriving ecosystem to support the transition of income sources. Investors should monitor the fund inflows to the ecosystem to aid their investment decisions.
2.3 Sectors to Focus on Next — AI Sector
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With the recent recovery of the BTC ecosystem and an influx of hot money, the AI sector is poised for a rebound. The upcoming SuperAI conference in Singapore will also reveal new developments from various projects.
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OpenAI launched its flagship AI model, capable of real-time audio, visual, and text reasoning processing. The release of the text-to-video model Sora by OpenAI in February drove up valuations across the sector. The launch of GPT-4o highlights the importance of maintaining focus on the AI sector.
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TAO: Bittensor is an open-source protocol that powers a blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective.
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NEAR: Recently, many AI projects within the NEAR ecosystem are in the development or funding stage, positioning NEAR to potentially become a future AI Hub.
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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