Gate Research Institute: Cryptocurrency Market Experiences Gentle Recovery | Tokenized Stock Asset Scale Reaches New High

Cryptocurrency Asset Overview

BTC (+0.02% | Current Price 88,660 USDT)

BTC has shown weak sideways consolidation over the past day, with prices fluctuating around 88,000–89,000 USD, with limited overall volatility. Short-term moving averages MA5 and MA10 have repeatedly converged and crossed with MA30, indicating that the market direction remains unclear, and the short-term trend favors sideways movement. Although MACD briefly turned positive, momentum remains limited, with green and red bars alternating frequently and hovering around the zero line, reflecting cautious sentiment among bulls and bears. Structurally, a confirmed breakout above the 89,500–90,000 USD range with increased volume could validate a continued short-term rebound; if prices fall back and break below 88,000 USD support, attention should be paid to the risk of testing the 87,000 USD support zone.

ETH (+0.02% | Current Price 2,980 USDT)

ETH remains relatively stable within a consolidation range, trading around 2,950–3,000 USD, performing slightly better than BTC. Regarding moving averages, MA5 and MA10 have shown slight upward movement, but MA30 has yet to form a clear trend support, indicating that short-term rebound momentum still needs further confirmation. MACD is slightly bullish near the zero line, with DIFF and DEA showing minor divergence but limited strength, and no clear trend breakout signals. If ETH can maintain above the 3,000 USD level and retest the 3,050 USD resistance, an upward continuation is likely; conversely, if it falls below 2,950 USD, a short-term retest of the 2,900 USD and 2,880 USD support zones may occur.

GT (-0.10% | Current Price 10.37 USDT)

GT has shown relatively stable performance over the past day, trading within a narrow range around 10.20 USD, with volatility significantly lower than major coins. The moving average system is in a consolidation state, with MA5, MA10, and MA30 lacking clear direction, indicating a wait-and-see market. MACD is slightly oscillating near the zero line, with weak bullish and bearish momentum, and no trend-driving signals in the short term. Overall, GT remains in a high-level consolidation phase. A sustained move above 10.30 USD could open upward space; if it falls below 10.00 USD, attention should be paid to the possibility of testing support around 9.80 USD.

Daily Gainers and Losers Tokens

In the past 24 hours, the overall crypto market has shown signs of mild recovery, with most assets closing higher, shifting from previous weakness to a more bullish pattern. BTC and ETH gained approximately +1.70% and +1.60%, respectively, leading the sector. Mainstream assets like SOL, XRP, and others also showed gains, with green blocks dominating the heatmap, indicating that capital is flowing back broadly rather than concentrating on specific assets, reflecting a relatively widespread emotional recovery. Sentiment indicators show the Fear and Greed Index at 21, still in the “Extreme Fear” zone, slightly lower than yesterday and last week, suggesting that despite price rebounds, investor confidence remains slow to recover, and market risk appetite has not significantly improved. Short-term trends remain vulnerable to emotional fluctuations.

ELIZAOS elizaOS (+48.41%, Market Cap $44.3 million)

According to Gate data, the current price of ELIZAOS token is $0.005757, up approximately 48.41% in 24 hours. ELIZAOS is an application layer project built around Web3 intelligent agents and interaction ecosystems, aiming to enable users to deploy, manage, and invoke autonomous on-chain and off-chain smart agents through the Agent Framework and directive coordination mechanisms. The project emphasizes “agent orchestration,” “composable strategies,” and “cross-scenario invocation,” with elizaOS Framework as the underlying development platform. Through multi-agent collaboration and expandable task modules, it supports applications such as prediction markets, automated trading, information scraping, and strategy execution.

The recent surge in ELIZAOS is likely driven by a resonance of technical developments and narrative-driven sentiment amplification. On one hand, the project team has recently announced key progress, including completing elizaOS Framework development, officially migrating from ai16z to the independent elizaOS brand, and restarting testing activities around agent prediction markets and strategy execution scenarios, accelerating the realization of the “intelligent agent tradable application” narrative. On the other hand, market enthusiasm for “Crypto × AI Agents” has revived, especially amid expectations of a trading cycle in Q1 2026 and a resurgence of intelligent agent narratives. As a representative asset in this sector with a circulating market cap of only $44.3 million, ELIZAOS has higher resilience and capital leverage potential, combined with renewed on-chain and community attention, resulting in a trend-level volume increase.

CC Canton Network (+20.34%, Market Cap $5.439 billion)

According to Gate data, the current price of CC token is $0.14896, up 20.34% in 24 hours. Canton Network, led by Digital Asset, is an institutional-grade financial blockchain network positioned as an “interoperable financial settlement layer” for regulated markets. Its core goal is to provide banks, custodians, clearinghouses, and large asset managers with a foundational infrastructure featuring privacy protection, permission control, and cross-chain composability.

The significant rise in CC is likely driven by expectations reinforced by the implementation of real-world asset tokenization narratives and progress in institutional collaborations. Recently, Canton Network completed the 3.4 version upgrade, with approximately 600 validator nodes smoothly migrated, focusing on enhancing scalability, developer experience, and institutional throughput. Official data shows that the network processes over $350 billion daily on-chain, laying a foundation for sustainable scaling as a financial infrastructure. Additionally, multiple core institutional collaborations have boosted market sentiment, including DTCC and Digital Asset announcing support for minting and using tokenized government bonds (USTs) on Canton in 2026, potentially enabling cross-asset settlement and global collateral management.

RECALL Recall (+24.47%, Market Cap $99.87 million)

According to Gate data, RECALL token is currently priced at $0.11944, up approximately 24.47% in 24 hours. Recall is an application layer protocol designed for AI trading agents and model evaluation scenarios, aiming to serve as a “public benchmark layer for AI trading capabilities.” Through real fund trading, traceable performance records, and open competition mechanisms, it evaluates the effectiveness of various language models (LLMs) and visual large models (VLMs) in actual trading decision-making.

The recent rise in RECALL is mainly driven by the upgrade of model trading competitions and accelerated application deployment. Recently, Recall launched real ETH trading competitions involving models like GPT-5.2, Claude Sonnet 4.5, Grok-4, with a comparison between “image-only” and “full market data,” along with a $15,000 reward pool to attract traffic and capital inflow. Previously, in the HyperliquidX agent challenge, the best yield reached +135.45%, reinforcing market expectations of “feasible real trading by AI.” In the context of the AI × Crypto sector heating up and high-frequency LLM iterations, RECALL, as one of the few projects with real trading validation and capability ranking mechanisms, is viewed as a structural beneficiary.

Daily New Listings

New Listing Details

• Subscription Project: PVPFun
• Token Name: PVP
• Listing Deadline: Until January 4, 2026, 20:00 (UTC+8)
• Participation Method: Stake GUSD, PVP to receive free tokens
• Total Airdrop: 60,000 PVP

Project Introduction

PVPFun is an infrastructure for programmable feasible products (PvP), enabling creators, developers, and communities to easily build, deploy, and profit from programmable on-chain applications and experiences.

Hot Topics Analysis

Tokenized stock assets reach new market cap high, structural growth momentum emerges

According to Token Terminal data, the total market cap of tokenized stocks has surpassed $1.2 billion, reaching a new high, reflecting the accelerating migration of traditional financial assets onto the blockchain. Current incremental capital mainly flows into tokenized versions of tech giants like TSLA, AAPL, NVDA, benefiting from advantages such as easier secondary market trading, 24-hour settlement, and lower cross-border investment barriers, continuously attracting crypto users and overseas investors. Meanwhile, on-chain data shows that trading depth and custody scale are expanding simultaneously, with market structure exhibiting positive feedback between capital and liquidity.

On a macro level, the surge in tokenized assets indicates that the “on-chain securitization” and “real-world asset on-chain (RWA)” pathways are accelerating. Growth is driven not only by speculative sentiment but also by clearer regulatory environments, improved compliant custody and clearing infrastructure, and faster institutional product deployment. In the short term, the record-high market cap may trigger an expansion cycle in the on-chain securities trading ecosystem; in the medium to long term, ongoing regulatory support and cross-chain liquidity solutions could make tokenized stocks a key bridge connecting crypto and traditional capital markets, potentially reshaping existing trading and clearing systems.

Ethereum’s structural consolidation nears completion, key window for direction in 2026

According to Matrixport data, during the previous cycle, Ethereum attracted significant new capital driven by narratives of “smart contract platform expansion” and “programmable currency,” with prices rising rapidly in 2020–2021, and market expectations briefly raised to $10,000. However, the trend did not continue, and ETH retreated from highs into long-term consolidation, mainly oscillating within a large triangle pattern. Attempts to break out of the range twice failed, quickly reverting to consolidation, indicating insufficient trend momentum and no consensus on direction.

Structurally, the current triangle pattern is converging, with decreasing volatility and prices approaching the end of the pattern. Before a confirmed breakout, ETH is likely to remain in a range-bound state, with a defensive strategy and event-driven trading as primary approaches. Once the long-term consolidation completes, 2026 could be a critical time for ETH to choose a direction: a breakout could initiate a new trend cycle; a confirmed breakdown would require attention to market sentiment decline and fundamental reassessment, with ongoing monitoring of trading structure, on-chain activity, and narrative recovery to identify potential trend reversals.

Ethereum staking demand warms up, validator queue significantly rebounds

Ethereum validator queue has expanded again after six months, now nearly twice the size of the exit queue, indicating a clear increase in staking demand. Latest on-chain data shows that incremental staking is mainly driven by institutions like BitMine and other digital asset treasury entities, which are reallocating ETH staking assets for stable yields and on-chain native returns. Additionally, Pectra upgrade has improved activation speed and staking efficiency, potentially driving new validator entries. Structurally, accelerated entry combined with slower exits supports network security and decentralization, positively impacting staking yields and active deposits in the short term.

In the medium term, Pectra’s performance improvements and economic model optimizations strengthen ecosystem expansion, enhancing ETH’s valuation as a “yield asset,” with institutional allocation willingness likely to continue. However, rapid accumulation of validator queues may prolong activation cycles and temporarily suppress staking yields; in macro or sentiment downturns, mass withdrawals could cause liquidity volatility. Overall, changes in validator queue structure reflect marginal improvements in Ethereum’s fundamentals, but whether the trend continues depends on the realization of upgrade benefits in actual data and market risk appetite.

**References:** - Gate, [https://www.gate.com/trade/BTC_USDT](https://www.gate.com/trade/BTC_USDT) - Farside Investors, [https://farside.co.uk/btc/](https://farside.co.uk/btc/) - Gate, [https://www.gate.com/trade/ETH_USDT](https://www.gate.com/trade/ETH_USDT) - Farside Investors, [https://farside.co.uk/eth/](https://farside.co.uk/eth/) - Gate, [https://www.gate.com/crypto-market-data](https://www.gate.com/crypto-market-data) - Investing, [https://investing.com/indices/usa-indices](https://investing.com/indices/usa-indices) - Investing, [https://investing.com/currencies/xau-usd](https://investing.com/currencies/xau-usd) - CoinGecko, [https://www.coingecko.com/en/cryptocurrency-heatmap](https://www.coingecko.com/en/cryptocurrency-heatmap) - Gate, [https://www.gate.com/announcements/article/48980](https://www.gate.com/announcements/article/48980) - X, [https://x.com/Cointelegraph/status/2005821333645492273?s=20](https://x.com/Cointelegraph/status/2005821333645492273?s=20) - X, [https://x.com/Cointelegraph/status/2005730354116596154](https://x.com/Cointelegraph/status/2005730354116596154)
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