Web3 AI Trends Overview (December 11, 2023)

Market Trends

macro environment

Microsoft shareholders voted down a proposal on December 11 to allocate 1% of the company's total assets for Bitcoin investment. This proposal was put forward by the National Center for Public Policy Research in the United States, aiming to serve as a hedge against inflation. Despite a three-minute speech by MicroStrategy founder Michael Saylor attempting to persuade shareholders to support the proposal, shareholders ultimately chose to back the board's stance. Data shows that Microsoft's largest shareholders are institutional investors, including some large asset management firms. This may reflect these investors' cautious attitude towards cryptocurrency investments, opting to steer clear of the current cryptocurrency craze.

Web3 field

AI meme tokens in the Solana ecosystem are performing exceptionally well again. ALCH (Alchemist AI) has a market cap that has surpassed $150 million, reaching an all-time high with a 32.8% increase in the last 24 hours. ALCH is a no-code development platform that allows users to generate applications through natural language. Meanwhile, the AI-driven venture capital DAO token ai16z also surpassed a market cap of $800 million, with a 52.4% increase in the last 24 hours. Additionally, DEGENAI saw more than a 70% increase in the last 24 hours, with its price rising over sixfold since its launch. The strong performance of this series of tokens demonstrates the market's continued enthusiasm for AI and meme tokens.

Hot Events

Macroeconomic Environment

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

Web3 field

Maverick Protocol has launched a brand new memeFi platform Goose.run on the Base chain, aiming to bring DeFi into the memecoin space. The platform not only has the core functionalities of a meme platform but also allows users to borrow using memecoins, enabling token holders to double their purchase of memecoins through leveraged long positions. Goose.run integrates multiple features such as a meme token launchpad, leveraged trading, liquidation-free lending, community governance, and a gamified user experience. Its pioneering liquidation-free meme token lending feature addresses the liquidation risks caused by high market volatility. Users holding veMAV will be able to participate in the incentive distribution voting for the meme token pools on Goose.run, thus receiving a share of the meme token trading fees.

Hot Narrative

On December 11, the Meme coin CULT, launched by Milady founder Charlotte Fang, officially went live, generating a strong market response after nearly six months of waiting. After its launch, CULT's market capitalization briefly reached 1.2 billion dollars but quickly corrected afterward. CULT raised approximately 20.5 million dollars during its presale in mid-June, attracting significant market attention. The way to claim CULT is quite unique, requiring participants to answer questions and engage in drawing games. Although there are gaps compared to other NFT projects, the future of CULT still relies on the continued promotion and marketing by the Milady community.

Hot Projects

$YUMI is a meme project that has gone viral on short video platforms due to its resemblance to Doge, with a total of 1.3 million views. Many believe this could be the rebirth of Doge. Within 24 hours, $YUMI surged by 7800%, currently reaching a market cap of 3.6M.

Sector Rotation Analysis

According to the data, the AI, Meme, and DeFi sectors are currently performing relatively actively in the market, and investors are maintaining a high level of attention to these areas. Specifically at the token level, AI meme tokens such as ALCH, ai16z, and DEGENAI are performing outstandingly, reflecting the market's continued optimism about the concept of combining AI with memes. At the same time, the launch of new platforms that combine DeFi and Meme, such as Goose.run, also shows the market's enthusiasm for exploring innovative financial models.