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Rise of Shiba Inu and Dogecoin Rivals: MAGIC Surges Over 44.32% in 24 Hours
BlockBeats News, July 9th, according to HTX market information, some altcoins and meme tokens led the market surge, including:
MAGIC surged by 44.32% in the past 24 hours, now trading at $0.1706. The Treasure ecosystem's metaverse project Smol announced today that it will migrate to the Abstract Chain, with MAGIC being the native token of the Treasure ecosystem;
BANANAS31 surged by 29.8% in the past 24 hours, now trading at $0.19;
SYN surged by 19.87% in the past 24 hours, now trading at $0.108;
DUSK surged by 15.77% in the past 24 hours, now trading at $0.06;
FLOKI surged by 9% in the past 24 hours, now trading at $0.00009;
AAVE surged by 5.4% in the past 24 hours, now trading at $293.
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Key Market Insights for October 20th, how much did you miss?
1. 6 Major AI Large Models Participate in Encrypted Trading Competition, DeepSeek and Grok Maintain Top Two Yields
2. Chinese Meme Coins Soar, Binance Life Surges Over 66% in 24 Hours
3. Musk Tweets About FLOKI, Namesake Meme Coin Surges Over 25% in a Short Time
4. AUCTION Surges Over 40% in 24 Hours, Market Cap Reaches $65 Million
5. Binance Alpha to Launch SIGMA, and Airdrop Claiming Will Be Open to Eligible Users
Source: Overheard on CT (tg: @overheardonct), Kaito
[ZEC]
ZEC (Zcash) has gained significant attention on Twitter due to its strong narrative of privacy and encryption technology. Many users emphasize its potential as a private and secure alternative to Bitcoin, with discussions focusing on how Zcash addresses privacy issues in the digital age, its technical advancements, and its recent integration with Solana. The overall sentiment is mostly positive, with many mentioning the growth of its shielded supply and the potential upside in price. Some users also question its auditability and control mechanisms, but the overall sentiment remains bullish.
[MOMENTUM]
MOMENTUM is widely discussed as it is about to start its token sale on Buidlpad. The discussion revolves around its rapid growth in the Sui ecosystem: TVL has exceeded $5.5 billion, with a trading volume of $220 billion. The project is seen as a key DeFi infrastructure on Sui, known for its innovative ve(3,3) tokenomics and cross-chain capabilities. The community actively participates in UGC activities and forms teams to compete for a higher allocation, demonstrating strong community engagement and high return potential.
[POLYMARKET]
POLYMARKET's discussion on Twitter is heating up, driven by the potential release of the $POLY token and airdrop plan, with some users believing this could be one of the largest in crypto history. Users are actively engaging in arbitrage and prediction markets, with some leveraging AI strategies to increase returns. The platform's trading volume continues to grow, and the community is excited about its future developments (such as the launch of the U.S. version). At the same time, there is also discussion focusing on its efficient trading volume generation mechanism and its core position in the prediction market ecosystem.
[TAO]
TAO is gaining attention due to its recent strong performance and the upcoming halving event. Community discussions are centered around its potential in the intersection of AI and crypto, particularly as the Grayscale AI Fund already holds a significant amount of TAO. Users emphasize its role in decentralized AI development and its resilience in bear markets. The halving in December is expected to reduce supply, increase scarcity, and drive price appreciation. Investor and influencer interest is rising, with some predicting its price to rise to $1000.
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