Web3 Industry Daily: AI Tokens Shine, MicroStrategy May Join NASDAQ 100

Market Overview

Macro Environment

Shareholders of Microsoft recently voted down a proposal to allocate 1% of the company's total assets for Bitcoin investment. This proposal aimed to serve as a strategy for hedging against inflation but faced opposition from the board. Despite a persuasive speech by MicroStrategy founder Michael Saylor, emphasizing the advantages of Bitcoin as an inflation hedge, shareholders ultimately chose to support the board's conservative stance. This decision reflects the cautious attitude of mainstream institutional investors towards cryptocurrency investments.

Web3 field

AI-related tokens in the Solana ecosystem continue to perform strongly. ALCH (Alchemist AI) has a market cap exceeding $150 million, reaching an all-time high, with a 24-hour increase of 32.8%. The AI-driven venture capital DAO token ai16z also surpassed $800 million in market cap, with a 24-hour increase of 52.4%. DEGENAI saw an increase of over 70% in 24 hours, with its price rising more than 6 times since its launch. The excellent performance of these tokens demonstrates the market's ongoing enthusiasm for AI and meme tokens.

Hot Events

Macro Environment

MicroStrategy is expected to officially join the Nasdaq-100 Index on December 23, with an official announcement anticipated on December 13. Analysts predict that ETFs tracking this index may purchase approximately $2.1 billion worth of MicroStrategy shares, which accounts for about 20% of the company's daily trading volume. MicroStrategy is set to become the 40th largest constituent in the Nasdaq-100 Index, with a weight of 0.47%.

Web3 field

Maverick Protocol has launched an innovative memeFi platform called Goose.run on the Base chain, aimed at bringing DeFi into the memecoin space. The platform integrates multiple features such as a meme coin launchpad, leveraged trading, non-liquidation lending, community governance, and gamified user experiences. Its pioneering non-liquidation meme coin lending feature addresses the liquidation risks caused by high market volatility. The platform also creates more use cases and earning opportunities for veMAV holders, further enhancing the value of the ecological governance token MAV.

Hot Narrative

The Meme coin CULT, launched by Milady's founder Charlotte Fang, has officially gone live, sparking heated discussions in the market. After its launch, CULT's market capitalization briefly reached $1.2 billion, but then quickly retraced. CULT conducted a presale fundraising in mid-June, raising approximately $20.5 million in a short period. Its unique token claiming method, which includes quiz and drawing games, attracted a lot of attention. Although there is a gap compared to other well-known NFT projects, CULT's future development is still under market scrutiny.

Hot Projects

$YUMI, a meme Token project that went viral on social media by imitating the Doge image, has gained a lot of attention in a short period of time. The Token's price skyrocketed by 7800% within 24 hours, with a current market cap of 3.6 million dollars. The rapid growth of the project reflects the market's enthusiasm for emerging meme Tokens.

Sector Rotation

AI-related tokens have performed outstandingly in recent times, demonstrating the market's ongoing interest in the application of AI technology in the cryptocurrency field. Meanwhile, the meme token sector remains active, reflecting investors' interest in high-risk, high-return projects. Although the DeFi and NFT sectors are relatively stable, they still remain key areas of focus in the market.

Overall, the current cryptocurrency market is characterized by AI and meme tokens leading the surge, while traditional sectors are developing steadily. Investors need to closely monitor the rotation trends of various sectors and allocate their investment portfolios wisely.