HTX Weekly (04/18-04/24): The ongoing impact of STEPN's Twitter
- Others
1. Last Week’s Wrap-Up
Pioneer Zonen New Launch
| Listed Date | Projects | Maximum Gain Since Launch |
| 2022/04/22 | PLATO | 910% |
| 2022/04/22 | DODO | 28.9% |
| 2022/04/22 | CEL | 37.3% |
| 2022/04/21 | PRQ | 36.2% |
| 2022/04/21 | VEMP | 44.3% |
| 2022/04/19 | CAW | 115.4% |
2. What to Watch Out for This Week
>Margin Trading<
Margin Trading for NYM Now Available on HTX
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Margin Trading for AMP, XCN Now Available on HTX
https://www.huobi.com/support/en-us/detail/104904763830804
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>Spot Trading<
Brand-New Event: Trade RACA to Share 40,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 24 - 13:00 (UTC) on May 1, 2022
https://www.huobi.com/support/en-us/detail/44905115236216
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Brand-New Event: Trade CEL to Share 40,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 22 - 13:00 (UTC) on Apr 29, 2022
https://www.huobi.com/support/en-us/detail/24904945981497
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Brand-New Event: Trade PLATO to Share 50,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 22 - 13:00 (UTC) on Apr 29, 2022
https://www.huobi.com/support/en-us/detail/54904952183853
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Brand-New Event: Trade PRQ to Share 40,000 USDT Prize Pool！
Period: 15:00 (UTC) on Apr 21 - 15:00 (UTC) on Apr 28, 2022
https://www.huobi.com/support/en-us/detail/74904858920645
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Brand-New Event: Trade DAO to Share 60,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 21 - 13:00 (UTC) on Apr 28, 2022
https://www.huobi.com/support/en-us/detail/94904859571281
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Brand-New Event: Trade GQ to Share 28,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 20 - 13:00 (UTC) on Apr 27, 2022
https://www.huobi.com/support/en-us/detail/84904766714461
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Brand-New Event: Trade VR to Share 40,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 20 - 13:00 (UTC) on Apr 27, 2022
https://www.huobi.com/support/en-us/detail/24904771540801
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Brand-New Event: Trade LMR to Share 30,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 19 - 13:00 (UTC) on Apr 26, 2022
https://www.huobi.com/support/en-us/detail/64904683807494
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Brand-New Event: Trade ANML to Share 100,000 USDT Prize Pool！
Period: 13:00 (UTC) on Apr 19 - 13:00 (UTC) on Apr 26, 2022
https://www.huobi.com/support/en-us/detail/54904697056680
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>Market Makers<
Calling all Brokers, enjoy up to 60% Commission!
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>HTX Earn<
PrimeEarn High-Yield Tuesday 12th: Team-up and compete to win 45% APY for USDT
Launch time: 11:00 (UTC) on Apr 26, 2022
https://www.huobi.com/support/en-us/detail/24905113750064
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Enjoy Up to 40% APY on DOT with HTX Earn
Launch Time: 12:00 (UTC) on Apr 24, 2022
End Time: 12:00 (UTC) on Apr 30, 2022
https://www.huobi.com/support/en-us/detail/44905113731466
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Enjoy Up to 200% APY on CEL with HTX Earn
Launch Time: 12:00 (UTC) on Apr 22, 2022
End Time: 12:00 (UTC) on Apr 29, 2022
https://www.huobi.com/support/en-us/detail/64904940837625
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Enjoy Up to 200% APY on PRQ with HTX Earn
Launch Time: 12:00 (UTC) on Apr 21, 2022
End Time: 12:00 (UTC) on Apr 28, 2022
https://www.huobi.com/support/en-us/detail/84904859355130
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Enjoy Up to 180% APY on VISION with HTX Earn
Launch Time: 12:00 (UTC) on Apr 21, 2022
End Time: 12:00 (UTC) on Apr 28, 2022
https://www.huobi.com/support/en-us/detail/34904858577443
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3. Market Movers
| Cryptocurrency | Last Week’s Closing Price (USDT) | Weekly Change |
| PLATO | 0.03870500 | 287% |
| HBB | 1.76570000 | 227% |
| MTX | 0.00676528 | 151% |
| MEE | 0.00069643 | 136% |
| INDI | 0.43600000 | 115% |
| H20 | 0.75149900 | 112% |
| MT | 0.00021458 | 72% |
| INSUR | 0.79240000 | 47% |
| APE | 17.50350000 | 46% |
| STEEM | 0.47710000 | 39% |
4. Operating Metrics
| Security incidents | 0 |
| # of launched products | 6 |
| Contracts trading volumes | 13.79($billion) |
| Spot trading volumes | 13.13($billion) |
| On-chain user balances | 8.9($billion) |
Trading Volumes & On-chain Balances Chart
5.HTX Research Institute Analysis
Abstract
In the past two weeks, several meme coins (MEME) have successively seen relatively large increases. Although the time points and magnitude of increase are different, the market performance has shown that the craze of MEME that appeared in 2021 seems to be coming back. This weekly strategic report analyzes the recent overall performance of the Meme market, the characteristics of MEME, and the 4 MEME projects that have recently gained popularity.
In the past three weeks, the top 7 coins in the MIME
market capitalization have all experienced varying degrees of increase, with some nearly doubled in a single day. . MEME has five characteristics, for example, wide publicity in the community, large circulation, high price volatility, etc. Recently popular coins are Shiba, Shiba Predator, Dogelon Mars, Squawk & Chirp.
This week, we focus on the following events: 1) The ongoing impact of STEPN’s Twitter; 2) US$200 million debut sales for Moonbirds NFTs; 3Investments in blockchain games would be prospected – 2022 Q1 DappRadar x BGA Games Report.
Recently, Nirvana, a new algorithmic stablecoin project that ignited market sentiment, created a new type of AMM mechanism to solve the liquidity problem of algorithmic stablecoins. The following is a brief introduction and analysis of Nirvana, its innovation model and market performance.
1. Industry overview
I. Overall market trend
Influenced by macro factors such as accelerated pace of Federal Reserve rate hike and Russian-Ukraine War, the overall market value of the cryptocurrency market is not optimistic. As of April 22, 2020, the total market value of the cryptocurrency market decreased to US$1.88 trillion, down by 0.66% over the last week. Average daily volume is US$98.08 billion, up by 1.45% over the previous week. BTC’s market value accounted for 41.2%, and ETH’s market value accounted for 19.3%.
Last week, most of the top 100 cryptocurrencies by price were down, with only several up. The graph shows top 10 cryptocurrencies ranked by 7-day percentage increase of price, with STEPN achieving the greatest percentage increase. STEPN, a Web3 lifestyle app with Social-Fi and Game-Fi elements, gained wide attention during the week before last on Twitter, and the impact is still ongoing. According to CoinGecko on April 18, the market cap of the stablecoin Terra USD (UST) exceeded Binance. As a result, Terra UST became the third largest stablecoin by market value, and Terra crypto LUNA increased with maximum growth of 19.25% in the last week. Furthermore, the Ox protocol announced its partnership with Coinbase, which led its Token Ox (ZRX) to surge more than 50% that day.
II.NFT
In terms of NFT, Moonbirds trading volume increased significantly last week. Its trading volume reached US$55,549,157.96 in 24 hours on April 22. Since Moonbirds officially made its debut on April 16, its market cap has increased to US$250,998,276.61.
III.DeFi
IV.Layer2
Trade on the go with HTX App (iOS/Android)
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