ARC and UFD rose against the trend to new highs. The market is cold. Have you caught the golden dog? | What is meme hyping today?
The colder the market, the more valuable the dog
At the latest interest rate meeting of the Federal Reserve last night, it was announced that the benchmark policy rate would be lowered by 25 basis points, from 4.25% to 4.5%. Although this result was in line with market expectations, the hawkish wording in the statement and the adjustment of economic forecasts had a relatively obvious negative impact on market sentiment.
Today's cryptocurrency market opened in a bleak manner, with the prices of major mainstream coins and altcoins falling significantly. Bitcoin fell below $100,000 on the morning of the 19th, and Ethereum fell from $3,906 to $3,543. According to Coinglass data, the entire network had a liquidation of $843 million in the past 24 hours, including a liquidation of $743 million in long orders and a liquidation of $100 million in short orders.
However, in the market's general decline, AI concept coins represented by ARC and "Fartcoin" concept coins represented by UFD stood out. Not only were they not affected by the cold market environment, but they rose strongly and set new highs frequently, becoming the two well-deserved golden dogs today.
Although the market sentiment was cold today, affected by the popularity of large-volume tokens such as Fat Penguin, UFD, and FARTCOIN, the 24h trading volume on the Solana chain has increased significantly compared with the previous few days, and the overall market trading volume remains at a high level.
AI Concept
ARC
ARC is a platform for the development of AI agents driven by the Rust framework (called RIG). As a tool for the AI field, it is suitable for AI applications that require high optimization and high performance. In the early morning of the 19th, the arc project revealed the following on Twitter space:
1. ARC uses Solana's "native" Rust language to build an open source AI agent framework, the development language is accessible, and there will be close cooperation with Solana in the future.
2. There are more than 1,000 stars on GitHub, and it is still increasing.
3. ARC created an agent launchpad and bound the Arc token to the lp of each agent, which is conducive to integrating the ARC token into the reward mechanism economic model. Therefore, ARC is also called Virtual on Solana.
The above shows that ARC is a team with technology and strength, and is constantly innovating and seeking cooperation and development.
In the early morning of the 19th, the market value of ARC began to rise and maintained a strong growth momentum. At the same time, the Federal Reserve announced a 25 basis point cut in the benchmark policy rate at its latest interest rate meeting last night. The hawkish wording in the statement and the adjustment of economic forecasts had a negative impact on market sentiment. The prices of Bitcoin, Ethereum, Solana and altcoins all fell significantly. ARC maintained its stability step by step in the downward trend of the market and broke through the previous high to 244.6M, and maintained strong growth momentum, with an extremely impressive performance.
As a token with the highest trading volume in the field of AI Agent for many consecutive days, and with strong technical endorsement, ARC is optimistic about its future development potential by many investors and is expected to lead the trend of the new generation of AI Agent.
Highest market value: 244.6M
Current market value: 210.7M
24h trading volume: 49.2M
Today 12AM (GMT+8) buy the highest profit: 21.69%; current profit: 4.83%
DAIGE
DAIGE is a perceptive artificial intelligence dog and Doge's cyberpunk brother. Its dream is to be adopted by Elon and colonize Mars. DAIGE is an AI product developed based on the Eliza framework. The founding team has more than 7 years of experience in AI and Web3, and has previously launched products in the fields of Optimism, Filecoin, NATO, etc. The highly popular AI+DOGE+Musk Mars concept, coupled with an excellent founding team, has fully stacked DAIGE's buffs. The token quickly rose to 15M within 4 hours after it was issued, and then fell back. The market value has been fluctuating around 6M.
Highest market value: 15M
Current market value: 6.1M
24h trading volume: 30.2M
Highest profit of buying at 12AM (GMT+8) today: 24.36%; current profit: -21.79%
APPLE
APPLE (dog with apple in mouth) belongs to the popular concept of TikTok. Marc Andreessen, co-founder of a16z, once forwarded a creative video related to the APPLE concept. Relying on the huge influence of the TikTok platform, Apple Dog has spread virally, greatly increasing the popularity of meme tokens. In the early morning of the 19th, adidas released a 5-second Apple dog video on TikTok, which pushed up the price of APPLE and led to a wave of AI-generated cute Apple dog videos.
Highest market value: 78.9M
Current market value: 38.6M
24h trading volume: 23.8M
Today's 12AM (GMT+8) highest profit: 6.43%; current profit: -8.1%
"Fartcoin" concept
At 8 pm on December 18, Binance announced the second batch of Binance Alpha list, including Fartcoin, which has received much attention recently. Once the list was announced, UFD related to the Fartcoin concept rose by as much as 210.76% within 4 hours. Among the imitations that appeared today, FB (Fart Bird) rose to 7.87M in two hours, showing strong growth momentum.
UFD
UFD, the full name is Unicorn Fart Dust, the publisher was born in the baby boomer generation, and used this coin to prove the value of cryptocurrency, and was nicknamed "Lao Tou Le" by netizens. The token quickly rose to around 30M after its release. After the second batch of Binance Alpha list was announced on the evening of December 18, UFD quickly rose to nearly 100M, and then gradually broke through to around 150M at noon today, and it still maintains a strong upward momentum.
Highest market value: 159.1M
Current market value: 144.7M
24h trading volume: 120.5M
Today 12AM (GMT+8) highest profit: 70.16%; current profit: 54.76%
FB
FB, FartBird, the narrative is similar to UFD, the issuer is 63 years old, and it also attracts attention by "old people issuing new coins", and at the same time promotes it by the coincidence of the token name and the same abbreviation "FB" of FaceBook. Once the token was released, the market value rose rapidly, reaching 7.87M within two hours, and then the market value began to fall back, and currently fluctuates around 2M.
Highest market value: 7.87M
Current market value: 2.9M
24h trading volume: 24.4M
Today 13AM (GMT+8) (after opening) buy the highest profit: 1024.29%; current profit: 314.29%
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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