Crypto Deep Dive: All-Time Highs, Market Movers & NFT Gems

Dear Readers,

Cryptocurrencies took a tumble on May 2nd. The US Federal Reserve's decision to hold interest rates steady, and hint at slower rate cuts, dampened investor enthusiasm. Despite an early morning rise, Bitcoin fell below $58,000. However, other major coins like Ethereum fared better. The overall market capitalization grew slightly, reaching $2.17 trillion.

Highlights Of The Week

• Pike, a DeFi protocol, clarifies the statement on USDC vulnerability post $1.6 million exploit.

• Patricia CEO refutes closure rumors, confirms Nigerian exchange still operational.

• Arkansas passes bills regulating crypto mining, awaiting Governor's approval.

• Infinex, decentralized exchange, to launch front-end on May 13, announces founder.

• Aave proposes protocol upgrade for next-gen version 4, seeks community feedback.

• MicroStrategy to launch decentralized identity solution on Bitcoin network.

• Riot Platforms reports $211.8 million net income for Q1 2024, misses revenue estimates.

• Oregon revokes Binance.US's license, barring it from transactions with Oregon consumers.

• Securitize raises $47 million in strategic funding round led by BlackRock.

• Bitvavo partners with Figment for staking infrastructure, expanding services for users.

Crypto Fear & Greed Index

Investor sentiment in the cryptocurrency market has cooled slightly, dipping into "Fear" territory on the Crypto Fear & Greed Index. Today's reading of 43 marks a shift from yesterday's "Neutral" score of 54, which coincided with the Federal Reserve's decision to maintain current interest rates. This suggests that while the market wasn't expecting a rate hike, the lack of a positive change may have tempered some investor enthusiasm.

ATH coins

When a cryptocurrency hits its all-time high (ATH), it solidifies its position among the top contenders, indicating a significant spike in interest. Nonetheless, the volatile nature of the market remains constant. Thorough research is essential prior to considering investments in ATH coins. Here's a glimpse of some recent high achievers scaling ATH peaks.

Joe coin (JOE), the meme coin inspired by the internet sensation "emoti guy", is having a record-breaking day! Today it reached its all-time high of $0.01585. Despite the recent surge, the price sits at $0.01309 with a current volume of $2.16 million.

Letit (LETIT), whose mission is to make cryptocurrency trading accessible to everyone through education and simplified processes, is celebrating an all-time high today! On May 2nd, 2024, Letit reached a price of $0.2398. Currently, the price sits at $0.2312 with a volume of $206,134.41.

Kamino Finance (KMNO), a Solana-based DeFi protocol offering lending, liquidity, and leverage services, reached its all-time high of $0.05074 today. The current price remains at $0.05074 with a trading volume of $18.09 million.

The Trillioner (TLC) crypto project, aiming to bridge the gap between traditional finance and the crypto world, is having a banner day! Today, Trillioner reached its all-time high of $63.33. Currently, the price sits at $63.25 with a volume of $1.67 million.

While not reaching a new high today, Fasttoken (FTN) is still worth mentioning. FTN, the native currency of the Bahamut blockchain, hit its all-time high of $1.98 yesterday, May 1st, 2024. The current price sits at $1.96 with a volume of $15.96 million.

Top Movers (24H)

As the cryptocurrency market continuously validates its status as a lucrative investment avenue, erstwhile skeptics are now embracing it with open arms, diversifying their investment portfolios with an array of digital assets. Moreover, seasoned crypto investors are doubling down on their positions, contributing to substantial price spikes across multiple cryptocurrencies in the past day. Let's delve into a few well-known cryptocurrencies that have experienced notable price surges recently.

In the lead among surging cryptocurrencies is SolCex (SOLCEX), a centralized exchange built on the Solana blockchain. SOLCEX saw a massive surge of 89.72% in the last 24 hours, with its current trading price sitting at $0.005801. The exchange boasts a seamless, secure, and accessible platform for trading a wide range of digital assets, and its current trading volume is $1.25 million.

Hot on SolCex's heels is Gari Network (GARI), a live streaming platform built on Web3 technology. GARI witnessed a significant increase of 64.84% in the last day, bringing its current price to $0.03295. Gari Network connects users with experts and creators through live conversations, audio chats, and text interactions. The current trading volume for GARI is $8.49 million.

Celsius (CEL), a prominent cryptocurrency lending platform, also joins the ranks of top gainers. CEL's price soared 52.13% in the last 24 hours, reaching $0.2159. This surge comes after Celsius burned an impressive 652.2 million CEL tokens, representing approximately 94% of the total supply. The current trading volume for CEL sits at $27.69 million.

Mdex (MDX), an automated market making (AMM) decentralized exchange protocol, isn't far behind either. MDX experienced a rise of 48.05% over the past day, reaching a current price of $0.05669. MDEX operates on the concept of fund pools, sharing some similarities with standard decentralized exchanges. The current trading volume for MDEX is $7.55 million.

Rounding out the list of top movers is HyperGPT (HGPT), a Web3 AI marketplace that leverages blockchain technology. HGPT jumped 29.25% in the last 24 hours, reaching a current price of $0.06858. HyperGPT offers a centralized access point to various AI applications, aiming to save users time and simplify management. The current trading volume for HGPT is $5.24 million.

Non-Fungible Tokens – Developments

• Bitcoin and Solana NFT markets break records in daily active traders (DAT) last week: Solana hits all-time high of 59,300 DAT, Bitcoin peaks at 25,600 DAT.

• NFT marketplace Blur introduces 'Blur on Blast', promising innovative cross-chain NFT transactions.

• Casio partners with Astar's zero-knowledge Ethereum Virtual Machine (zkEVM) to launch NFT collection celebrating Casio's 50th anniversary; Astar Network announces major partnership with Casio on X.

NFTs To Watch (24H)

In the top spot for NFTs to watch over the last 24 hours is Mutant Ape Yacht Club. They boast a trading volume of 328 ETH, reflecting a substantial 26% increase compared to yesterday. The current floor price to enter this exclusive club is 2.44 ETH, and they've seen a healthy 140 sales in the last day.

Next up is Redacted Remilio Babies, experiencing a surge in popularity with a 115% increase in trading volume, reaching 169 ETH in the last 24 hours. The floor price to join this collection of 10,000 neochibi profile picture NFTs currently sits at 1.798 ETH. They've also seen a strong showing in sales with 114 transactions in the past day.

Finally, Doodles makes the list with a notable 173% jump in trading volume, reaching 65.05 ETH over the last 24 hours. This collection of 10,000 unique characters, created by the renowned artist Burnt Toast, has a current floor price of 1.42 ETH. While sales numbers were lower at 47 compared to the other two, the significant volume increase suggests growing interest in this collection. 

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

Best Regards,
Crypto Recorder Team

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