How to grasp the market trend after the interest rate cut? AI interprets the Token 2049 conference

Author: Biteye community core contributor Viee

This year's TOKEN 2049 conference has just concluded in Singapore. The popularity is significantly higher than in previous years, becoming the global encryption industry a major event. The conference attracted more than 20,000 participants from more than 150 countries and conducted hundreds of seminars, which can be said to be an unprecedented event.

This article is Biteye’s based on the latest statistical results of the Web3 AI investment research tool Cryptohunt.AI. The hot topics and related sentiments discussed on Twitter during TOKEN 2049 are analyzed to provide everyone with a panoramic perspective of feeling the pulse of the industry up close.

For data, please refer to the Cryptohunt official website:

01 Solana: in the spotlight Sheng, the most popular

During TOKEN 2049, the online and offline discussion of Solana almost surpassed BTC and ETH and became the most popular topic .

Although Solana has experienced some challenges in the past, its community has become more resilient.

Many new developers are coming in and creating more interesting projects, such as Backpack, Cubexch and FlashTrade.

In recent months, Solana has also launched the Seeker mobile phone, a device with integrated Web3 capabilities designed to improve user experience and promote the use of cryptocurrency.

There is also some discussion that the Solana ecosystem is gradually becoming saturated, which will bring about certain technology transfer and traffic spillover.

For example, some developers are considering migrating their projects to other blockchains, such as Sui and Aptos. Because of the similarity between the Move language and Rust, this migration is relatively easy.

We can see that Sui has become popular recently and the currency price has skyrocketed. Whether it will become the next Solana requires further observation.

02 ETH: The old public chain still has its style< /h2>

At least half of Ethereum’s attention at this TOKEN 2049 conference is due to Buterin’s speech.

As the founder of Ethereum, Vitalik emphasized in his speech that Ethereum's goal in the next ten years is to achieve mainstream adoption while maintaining the values ​​of open source and decentralization.

He mentioned that the main reasons for the failure of crypto payments in the past were transaction fees and user experience issues, but it is expected that these problems will be greatly improved in the past two years, including transactions With the reduction of fees and the shortening of confirmation time, the user experience will also be significantly improved.

Although Vitalik's speech was full of hope, many people also expressed certain doubts about the performance of the Ethereum ecosystem.

For example, Ethereum is facing application bottlenecks in the current market, and its liquidity and user attention are being dispersed, which makes the entire ecosystem appear somewhat fragmented.

As we all know, since this cycle, emerging public chains such as Solana are actively challenging the status of Ethereum.

As an established public chain, how does Ethereum maintain its important position in the face of new challenges? This is also a direction worthy of attention in the future.

03 AI: New tracks, new opportunities< /h2>

AI ranked among the top three topics of discussion during the TOKEN 2049 conference. Most people are optimistic about the combination of AI and cryptocurrency, and it is generally believed that the combination of AI and blockchain will drive innovation and change in the industry.

For example, 0G Labs CEO Michael Heinrich emphasized that the potential risks of centralized AI systems have prompted people to seek decentralized governance through blockchain technology to achieve Increase transparency and accountability.

AI agents that may appear in the future may pose a threat to society if not controlled, so it is particularly important to combine AI with blockchain.

In terms of market performance, some AI crypto tokens such as Near Protocol, FET, and Render have performed well recently, significantly outperforming the overall cryptocurrency market.

In the past 30 days, the market value of AI-related cryptocurrencies has increased by 23%, rising from US$27 billion to US$33 billion. In particular, top-ranking AI tokens like TAO have risen by 50% in the past four weeks.

Investors’ confidence in the AI ​​field is recovering, and more and more funds are flowing into this emerging field.

But at present, most AI projects are not yet mature and are even regarded as "gimmicks." Many projects are still in the experimental stage and lack mature business models and practical applications. There is also uncertainty about achieving large-scale application in the short term, and caution is still needed.

04 TON: A rising star ready to go< /h2>

TON ecology has developed rapidly in the past year, covering many fields such as finance, storage, and payment. The emergence of multiple emerging projects such as PunkCity and HyperGPT shows TON’s diversity and innovation capabilities.

During TOKEN 2049, the combination of TON and TADA taxi services became a highlight.

TADA is the second largest taxi-hailing software in Singapore. It has launched a mini program "TADA mimi" integrating TON cryptocurrency through the Telegram platform. Users can directly use TON to pay for taxis. cost.

This innovation allowed many Web3 practitioners to experience the convenience of using cryptocurrency for real-world transactions for the first time, and also brought a high degree of discussion.

The market's biggest focus on TON is its user traffic potential. TON is regarded as a strong competitor in the L1 field with Telegram's huge user base (approximately 900 million users).

This user base provides unique advantages for TON's widespread application, and there is even a chance to achieve true large-scale popularization on this basis.

05 MEME: The craze continues, "popular fried chicken"

In this cycle, the market’s “criticism” against altcoins has never diminished. While many traditional value coins have underperformed, meme coins have stood out in the market, making the traditional value investing philosophy seem somewhat ironic.

Andrei Grachev, co-founder of DWF, posted a photo of the TOKEN 2049 speech containing the Solana ecological Meme coin BILLY Logo on the social platform, with a text caption to "Reveal Some Alpha". It hinted at important information or upcoming developments related to BILLY, triggering discussions within the industry.

During TOKEN 2049, some voices believed that Meme currency and its related infrastructure had the potential to create real income and occupy an important position in future transactions.

Meme currency may face fluctuations in the short term, but its potential is still promising. Many "serious" project developers and investors have begun to pay attention to Meme-related tracks, which to a certain extent also reflects the gap between the industry's desire for truly innovative projects and reality.

06 Market Sentiment

During this TOKEN 2049, the sentiments in the Chinese and English circles were relatively similar, and the overall sentiment was mainly optimistic, accounting for about 50%. In addition, only 10% of the tweets conveyed pessimistic sentiments, while the rest were mostly neutral.

On the one hand, emerging projects and ecosystems have shown strong potential, arousing expectations in the industry. Ecosystems such as Solana and TON are beginning to become more powerful.

Many people experienced using cryptocurrency to pay for taxi rides during the conference and expressed excitement about the launch of the application. Emerging projects demonstrate innovation and practical application potential, making people full of expectations for the future development of the industry.

On the other hand, the uncertainty and bottlenecks in the market also make people feel confused. Some projects that had high hopes have developed slowly and their popularity has begun to decline. For example, the restaking track that was a hot topic half a year ago has gradually lost its enthusiasm. The pre-market price of $EIGEN has dropped from a maximum of 10 dollars to the current 4 dollars. .

07 Summary

The cycle is still recovering and declining.

Emerging tracks continue to rise and fall.

In this attention game, "where will the future of encryption go?" has become the answer that some people are chasing.

Today, the market is beginning to re-examine the true value. Innovation and real application cases have become the focus, and perhaps only projects that truly address user needs can stand out in the fierce competition.

This TOKEN 2049 coincides with the Federal Reserve announcing that it has entered an interest rate cut cycle, creating good conditions for the market to rebound. In the future, as market sentiment improves and capital inflows increase, projects with real application value and innovative capabilities will receive more attention. The encryption industry may be able to re-find its direction amid challenges and inject new vitality into future development.