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Web3 Hot Topics: MicroStrategy Joins Nasdaq 100 Solana AI Token Big Pump
Hot Trends in the Web3 and AI Fields
Macroeconomic Environment
Microsoft shareholders recently rejected a proposal to invest 1% of the company's assets in Bitcoin. The proposal was originally intended to hedge against inflation risks, but it faced opposition from the board, which felt that less volatile investment options should be chosen. Despite efforts from MicroStrategy's founder to persuade them, emphasizing the potential for significant returns from Bitcoin investments, shareholders ultimately opted for a more conservative stance. This reflects a cautious attitude among large institutional investors towards cryptocurrencies, as they are currently reluctant to participate in the ongoing cryptocurrency craze.
MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23, which could trigger related ETFs to buy large amounts of the company's stock. Analysts estimate that ETFs tracking the index may purchase about $2.1 billion worth of MicroStrategy shares, which is equivalent to one-fifth of the company's daily trading volume. MicroStrategy is poised to become the 40th largest component in the index, accounting for approximately 0.47%.
Development in the Web3 Field
AI-related tokens in the Solana ecosystem continue to perform strongly. ALCH (Alchemist AI) has a market cap that surpassed $150 million, reaching a new all-time high, with a 24-hour increase of 32.8%. The AI-driven venture capital DAO token ai16z also saw its market cap exceed $800 million, setting a new record with a 24-hour increase of 52.4%. DEGENAI (Degen Spartan AI) rose over 70% in 24 hours, and its price has increased more than 6 times since launch. The strong performance of these tokens reflects the market's sustained enthusiasm for AI and meme tokens.
The newly launched memeFi platform Goose.run on the Base chain aims to bring DeFi into the meme coin sector. The platform integrates multiple innovative features, including a meme coin launchpad, leveraged trading, non-liquidation lending, and community governance. Its unique non-liquidation meme coin lending function addresses the liquidation risk issue in highly volatile markets. The platform also designs incentive mechanisms that allow token holders to participate in profit distribution, which is expected to bring more value to the ecosystem.
Hot Projects
The highly anticipated meme coin CULT has officially launched, sparking heated discussions in the market. The project was initiated by Milady founder Charlotte Fang, and after nearly half a year of waiting, it has finally come to fruition. After its launch, CULT's market cap once reached $1.2 billion, but has since seen a decline. CULT's token distribution method is unique, requiring participants to answer questions and engage in drawing and other interactive games to receive tokens, which has generated widespread discussion. Although it still lags behind other well-known NFT projects, the future development potential of CULT is still worth looking forward to, especially considering the ongoing promotional effects from the Milady community.
Another eye-catching meme coin project is $YUMI, which quickly gained popularity on short video platforms due to its resemblance to Doge, accumulating 1.3 million views. Within just 24 hours, the price of $YUMI skyrocketed by 7800%, and its current market capitalization has reached 3.6 million dollars. This phenomenon reflects the market's ongoing attention and enthusiasm for the "Doge Rebirth" concept.