Bull Run Returns: Bitcoin Breaks $70k, Altcoins Follow Suit

Dear Readers,

In a welcome reversal, top cryptocurrency prices staged a significant rally on Tuesday, March 26th. Leading the charge was Bitcoin (BTC), which triumphantly surpassed the $70,000 threshold once more. Ethereum (ETH) mirrored this positive momentum, climbing decisively above $3,400. The bullish sentiment extended to prominent altcoins, with Solana (SOL), XRP, and Cardano (ADA) all experiencing noteworthy gains.

Bitcoin spearheaded the surge, boasting a 6.06% increase to reach a price of $70,960 at the time of writing. This impressive performance was further bolstered by Bitcoin's market capitalization, which currently sits at a staggering $2.68 trillion.

Highlights Of The Week

Osmosis became the most actively developed DeFi project in the last month according to Santiment.

Grayscale is confident that spot Ether ETFs will be approved in May.

Ripple faces a $2 billion penalty from SEC according to Ripple Labs chief legal officer.

London Stock Exchange to launch Bitcoin and Ether ETNs on May 28.

TrueFi introduces the Trinity protocol to improve the capital efficiency of on-chain real-world assets.

CommEx, the successor of Binance in Russia, is shutting down.

Philippines to block user access to Binance.

Top Weekly Gainers

In the midst of the cryptocurrency uproar, recognized for its intrinsic volatility, insightful traders demonstrate a flair for spotting Weekly Gainers teeming with promising opportunities for financial growth. By embracing a proactive mindset and closely monitoring market trends and price variations, investors can seize these propitious moments, potentially reshaping their investment strategies for optimal outcomes.

Leading the pack was UBXS Token (UBXS), which skyrocketed a staggering 270.98%. Currently priced at $0.34 with a trading volume of $4.41 million, UBXS aims to bridge the gap between the physical and virtual realms through innovative blockchain applications.

Hot on its heels was Soil (SOIL), a fully regulated DeFi protocol offering secure returns on stablecoins backed by real-world assets. SOIL surged an impressive 240.97% in the last seven days, reaching a current price of $2.19 with a trading volume of $2.75 million.

TokenFi (TOKEN) also witnessed significant growth, jumping 231.61% over the past seven days. This positive momentum can likely be attributed to a strategic partnership between Floki (TOKEN's sister company) and the World Table Tennis (WTT) Championships, solidifying TokenFi's position as the official cryptocurrency partner for the upcoming WTT Champions event in Incheon, South Korea. The current price of TOKEN sits at $0.18, with a trading volume of $116.74 million.

The institutional-grade blockchain space also saw impressive gains. Polymesh (POLYX), a permissioned blockchain designed specifically for regulated assets, surged 230.98% in the past 7 days. Polymesh boasts built-in financial features that allow users to operate on the blockchain with minimal fixed costs. The current price of POLYX is $0.66, with a trading volume of $1.59 billion.

Rounding out the list of top gainers is Propbase (PROPS), a real estate tokenization platform built on the Aptos blockchain. Propbase offers a novel and exciting way for users to invest in properties. In the last 7 days, PROPS surged 195.36%, reaching a current price of $0.13 with a trading volume of $2.69 million.

Top Weekly Losers

Within the volatile realm of cryptocurrencies, a weekly narrative reveals both success stories and challenges. Navigating regulatory changes, market fluctuations, and media scrutiny, individuals in the space find themselves at a turning point. Despite facing losses, this moment becomes a crucial opportunity for traders and investors to assess and adjust their approaches. Notably, this week witnessed significant downturns in various cryptocurrency tokens.

pNetwork (PNT) led the decline, plummeting a staggering 63.41% over the past seven days. The current price of PNT sits at $0.06 with a trading volume of $4.58 million. This sharp drop coincides with Binance delisting the token, citing its failure to meet their listing criteria.

Agoras: Currency of Tau (AGRS), the dynamic digital currency powering Tau Net, also witnessed a substantial decline, dipping 37.92% in the past seven days. Despite boasting a revolutionary platform that merges blockchain and artificial intelligence (AI), AGRS currently trades at $4.03 with a trading volume of $3.58 million.

The play-to-earn space wasn't exempt from the downturn, with PlayDapp (PDA) experiencing a 31.45% decrease in value over the past week. PDA, a global blockchain middleware provider, helps companies integrate blockchain technology and create NFTs. The current price of PDA is $0.13 with a trading volume of $49.02 million.

The gaming-focused Aurory (AURY) mirrored PDA's decline, dropping 31.46% in the last 7 days. AURY, a next-generation studio building a universe of web3 games, currently trades at $0.90 with a trading volume of $1.71 million.

Rounding out the list of top losers is Ampleforth (AMPL), an Ethereum-based cryptocurrency with an elastic supply. AMPL decreased 27.34% in the last week, reaching a current price of $1.38 with a trading volume of $9.65 million.

Hot ICOs To Watch Out For

Active ICOs

SatoshiDEX, a decentralized exchange (DEX) built on the Stacks blockchain, stands out for its connection to Bitcoin. Leveraging Proof-of-Transfer (PoX) consensus, SatoshiDEX aims to streamline digital asset exchange. Their ICO, launched on February 29th, is nearing its March 31st closing date. As of today, they've secured $1.5 million towards their $2.2 million goal.

For those interested in zero-knowledge technology, ZkLink presents a compelling proposition. This multi-chain rollup infrastructure offers a secure and scalable solution for blockchain transactions. ZkLink's ICO, which began on January 25th, has already achieved its ambitious $23.19 million target, demonstrating strong investor confidence. The sale concludes on March 31st alongside SatoshiDEX.

Finally, Letit caters to a different niche within the crypto sphere. This platform boasts an online application designed to enhance trading results in financial markets. Through detailed accounting and analysis of trade transactions, Letit empowers users to make informed investment decisions. Their ICO, launched on February 1st, continues until April 20th. They have currently raised $1.03 million, inching closer to their $1.43 million goal.

Upcoming ICOs

First up is Apeiron, a play-to-earn NFT game. Buckle up for an immersive gaming experience where you can not only have fun but also potentially earn rewards.  Their ICO kicks off on March 26th and concludes on April 11th, aiming to raise $18.9 million.

Next, for those intrigued by Decentralized Finance (DeFi), Umoja presents a captivating proposition. This upcoming ICO, with a fundraising goal of $10 million, empowers users to build "smart, self-sustaining money" through its DeFi protocol. While an exact start date within March is yet to be announced, keeping an eye on Umoja's developments will be worthwhile.

Rounding out the upcoming ICOs is GMatrixs, the first Web3.0 integrated service eco-platform specifically designed for the GameFi space. This technology-focused project aims to raise $6.5 million through its ICO, the exact start date of which is also forthcoming in March. GMatrixs promises to revolutionize the GameFi landscape, making it a potential game-changer worth watching.

Ended ICOs

ANote Music, which concluded its sale on March 25th, aims to revolutionize the music industry. Their focus on long-term growth and unlocking new revenue streams for music creators is a promising step for the future of music. They achieved their $700,000 fundraising goal.

OrangeDX, a first-generation Bitcoin DeFi hub, wrapped up its ICO on March 23rd. This ambitious project, aiming to empower users with a multifaceted trading and DeFi platform, achieved its $2.24 million target.

Finally, Pundu, an experiment in the meme-coin space backed by prominent figures, concluded its sale on March 23rd. This project, with a $3.1 million fundraising goal, met its target, demonstrating the continued interest in the meme-coin phenomenon.

Hottest Airdrops

UniRouter

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ether.fi

• Go to ether.fi's airdrop claim page.

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That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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