Crypto Fear Subsides as Bitcoin Recovers: Hot ICOs & Airdrops to Watch

Dear Readers,

Bitcoin has rebounded to $56,000, signaling a potential recovery after a steep decline. Experts attribute this surge to strong investor confidence, with many purchasing during the dip, betting on the long-term viability of digital currencies.

 Despite recent volatility, the global crypto market, now valued at $1.95 trillion, is demonstrating resilience, suggesting a possible bottoming out. Bitcoin climbed 4.27% in the past 24 hours to reach $55,827, having previously plummeted to $49,000.

 Ethereum also experienced a significant upswing of 6.31% in the same period, trading at $2,456. The broader crypto market has mirrored a recovery in equity markets, indicating a potential positive trend.

Highlights Of The Week

• ARK Invest resumed buying Coinbase (COIN) stock, purchasing 28,632 shares on Aug. 5 amid a market sell-off and Bitcoin dropping below $50,000.

• SEC filed a motion on Aug. 5 to deny Coinbase's request for internal emails from SEC Chair Gary Gensler and other documents related to digital assets.

• Crypto Fear & Greed Index fell to 17 on Aug. 5, entering the “Extreme Fear” zone for the first time in two years as spot Bitcoin ETFs saw $168.4 million in outflows.

• Xapo Bank received a local banking license in the UK and is launching new banking services for Bitcoin holders.

• Molly White and Public Citizen filed an updated complaint with the Federal Election Commission, alleging Coinbase violated US campaign finance laws.

Top Weekly Gainers

The cryptocurrency market is known for its rapid shifts and inherent volatility, where perceptive traders have a knack for spotting Top Weekly Gainers brimming with growth potential. By staying informed and closely observing market trends and price fluctuations, investors can take advantage of these key opportunities, possibly enhancing their investment strategies for the best results.

Neiro Ethereum (NEIRO) has experienced a meteoric rise, surging 316.39% in the past week to reach a current price of $0.2159. With a trading volume of $34.55 million, this new cryptocurrency has captured the market's attention. NEIRO boasts a total supply of 1 billion tokens and a zero buy/sell tax policy, fostering a community-driven approach. Positioned as the next big opportunity in crypto, it has drawn comparisons to Dogecoin's rapid ascent.

Matr1x (MAX), a cutting-edge platform merging gaming, AI, and esports on a blockchain infrastructure, has soared 152.45% in the last seven days to reach a price of $0.4199. Trading volume currently stands at $65.86 million. This impressive growth reflects the market's enthusiasm for Matr1x's innovative concept. As the platform continues to develop, it has the potential to become a major player in the gaming and entertainment industry.

Gifto (GFT), a pioneer in the crypto space, has seen a 65.27% increase in the past week, bringing its price to $0.0399. With a trading volume of $101.80 million, GFT's strong performance highlights its ongoing appeal. Known for its large crypto wallet and popular blockchain game, Gifto continues to expand its user base and solidify its position in the market.

Tribe (TRIBE), the governance token for the FEI algorithmic stablecoin, has grown 22.98% over the past week to reach a price of $0.57. Trading volume currently stands at $344,854. As a key component of the Fei ecosystem, TRIBE benefits from the project's focus on providing a decentralized solution to the stablecoin market.

BarnBridge (BOND), a DeFi platform pioneering tradeable tokens linked to market volatility, has seen a 14.66% increase in the past week, bringing its price to $2.12. With a trading volume of $6.84 million, BOND is gradually gaining traction. As the platform continues to develop and offer new products, it has the potential to attract a wider investor base and become a major player in the DeFi space.

Top Weekly Losers

The dynamic nature of the cryptocurrency market brings forth weekly narratives of victories and setbacks. Highlighting the Top Weekly Losers, traders and investors face regulatory changes, market unpredictability, and intense media focus, arriving at a pivotal point. Despite these hurdles, this week presents an invaluable opportunity to reassess strategies and steer towards success.

Metis (METIS) has encountered a significant downturn, plummeting 37.65% in the past week to a current price of $29.92. With a trading volume of $25.93 million, METIS, an Ethereum Layer-2 scaling solution aiming to address the blockchain trilemma and Ethereum's scalability issues, has experienced a notable setback.

Blast (BLAST) has suffered a steep decline, plummeting 36.28% to a current price of $0.009294. Despite a substantial trading volume of $78.37 million, the token has been impacted by the recent instability of its stablecoin, USDB, amidst market turmoil.

zkSync (ZK), an Ethereum Layer-2 scaling protocol utilizing ZK tech, has experienced a decline of 35.07%, bringing its current price to $0.1019, with a trading volume of $115.17 million. zkSync Era is a Layer-2 protocol that enhances Ethereum's scalability with advanced zero-knowledge (ZK) technology. Its goal is not just to increase Ethereum's transaction capacity but also to uphold its core values of freedom, self-sovereignty, and decentralization as it scales.

TokenFi (TOKEN), aiming to simplify crypto and asset tokenization, has seen a 30.87% decline, bringing its current price to $0.04656. Trading volume stands at $10.99 million. TokenFi seeks to streamline the process of cryptocurrency and asset tokenization, with the ultimate goal of becoming the leading tokenization platform globally.

Stacks (STX), a Bitcoin Layer for smart contracts, has experienced a 28.21% drop, bringing its current price to $1.33, with a substantial trading volume of $225.13 million. Stacks allows smart contracts and decentralized applications to leverage Bitcoin as an asset and conduct transactions directly on the Bitcoin blockchain.

Hot ICOs To Watch

Active ICOs

Fuel Network is currently undergoing an active ICO, having raised $81.5 million across four rounds since its July 8th launch. As an operating system tailored for Ethereum Rollups, Fuel aims to address key challenges in parallelization, state minimization, and interoperability without compromising performance.

PlayDoge is another active ICO in the presale phase, scheduled to conclude in Q3 2024. With a target of $5.79 million, this project combines the nostalgic appeal of Tamagotchi with the innovative world of cryptocurrency, offering users a unique gaming experience within a digital economy.

Conduit is executing a retrodrop ICO that commenced on June 25th, raising $44 million through three rounds. This platform simplifies the process of deploying OP Chains, handling the complexities of scalability, reliability, and upgrades on behalf of developers.

Upcoming ICOs

Impact is an upcoming IDO on Spores with a fundraising goal of $90,000. The IDO will start on August 9th and end on August 11th. Impact is a cross-chain bridge tailored for SVM chains. It enables seamless connectivity and interaction across different SVM-based networks.

Pika Protocol is set to launch its IEO on Gate.io on August 30th. As a decentralized perpetuals swap exchange built on Ethereum Layer 2, Pika Protocol is seeking to raise $30,000 through the token sale.

CratD2C is a promising project with a planned sale starting on September 30th. Having already raised $340,000 in previous rounds, CratD2C is developing a platform that combines DPoS and Layer-1 architecture to enhance blockchain security, speed, and scalability.

Ended ICOs

Matr1x has concluded its ICO on August 5th, raising a total of $20 million across five rounds. The platform positions itself as a next-generation web3 entertainment hub, leveraging creator DAOs to deliver immersive, multi-episode games set in a cyberpunk universe.

Injex Finance recently completed its community round on July 31st, securing $553K in funding. As an aggregator, Injex Finance aims to optimize the process of exchanging assets by providing users with the best available prices and conditions.

Rage Trade has also wrapped up its ICO on July 31st, raising $6 million through three funding rounds. The platform differentiates itself as a multi-chain perpetuals aggregator, offering access to a wide range of compatible blockchains, including EVM L2s, L1s, AppChains, and Cosmos.

Hottest Airdrops

Tari

• Go to the Tari airdrop page.

• Log in with X and link your Twitter account to start completing quests and earning rewards.

• Finish the first two eligibility quests to earn "Gems" points.

• Continue with the ongoing quests to accumulate more gems.

• Get 1,000 gems for every referral who joins and completes the first two eligibility quests.

• Owning Gen 0 or Gen 1 Yats allows you to earn ultra-rare 'Turtle Shells' and legendary 'Sky Hammers,' increasing your gems and airdrop potential.

• Your collected items will be converted to XTM tokens when the claim period opens.

• For more information about the airdrop, refer to this article.

Catalyst

• Go to the Catalyst website.

• Link your wallet to the platform.

• Change your network to the OP mainnet and sign the message.

• Begin trading and providing liquidity to earn free eggs.

• Generate a referral link and invite friends to join, earning more eggs.

• Catalyst doesn't have its own token yet, but it is likely to launch one in the future.

• Users who collect points (eggs) may receive an airdrop if Catalyst releases a token.

• For more details about the rewards, check out the official guide.

Best Regards,
Crypto Recorder Team

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