Crypto Highlights of the Week: Standout Coins, Market Drops, and ICOs to Keep an Eye On

Dear Readers,

On Tuesday, February 18, cryptocurrencies saw a decline, with Bitcoin maintaining a value above $95,000. However, several major altcoins, such as Solana and Dogecoin, dropped by up to 4%. Market sentiment was cautious due to lower trading volumes. Bitcoin fell by 0.99%, settling at $95,197, and Ethereum dropped 1.77% to $2,662. Over the last 24 hours, the global crypto market cap decreased by 1.89%, reaching $3.13 trillion.

Highlights Of The Week

• Tether has signed an agreement with Guinea to explore blockchain and peer-to-peer technology adoption in the country.

• Argentina’s president, Javier Milei, denies promoting the controversial Libra token and addresses fraud suits and impeachment calls.

• The European Securities Regulator has proposed guidelines for assessing knowledge and competence requirements for crypto asset service provider staff under new EU crypto regulations.

• Shares of Hong Kong-based investment firm HK Asia Holdings Limited surged nearly 100% after the firm revealed it had purchased one Bitcoin.

• US securities exchange MEMX has filed with the SEC for approval to list an XRP exchange-traded fund (ETF) as a "Commodity-Based Trust."

• Binance co-founder and ex-CEO Changpeng Zhao has denied rumors that the exchange is up for sale.

Top Weekly Gainers

The fast-moving and uncertain cryptocurrency market may pose difficulties, but skilled traders excel at finding the Top Weekly Gainers with great financial promise. By staying aware of market trends and fluctuations, investors can leverage these opportunities to optimize their investment approaches and achieve better performance.

Taraxa (TARA) has been one of the standout weekly performers, with its price surging by 81.37%, reaching $0.007801. The platform’s EVM-compatible smart contract architecture, powered by the innovative t-Graph consensus and blockDAG technology, offers a solution for Web3 to address real-world problems. TARA's trading volume hit $2.17 million.

Another notable weekly gainer is Zebec Network (ZBCN), which soared by 62.28%, bringing its price to $0.001543. Zebec's decentralized network is designed to facilitate continuous value flows, which can serve both Web2 and Web3 companies. This unique infrastructure enables real-time, seamless transactions, making Zebec a key player in the evolving decentralized finance (DeFi) landscape. The trading activity for ZBCN peaked at $55.83M.

Telcoin (TEL) also saw a strong increase of 42.84%, pushing its price to $0.01016 in the last 7 days. As the native medium of exchange, reserve asset, and protocol token for the Telcoin ecosystem, TEL plays a crucial role in its decentralized financial platform. Telcoin is designed to empower users with decentralized financial services, further solidifying its place in the growing Web3 and DeFi space. Telcoin saw a trading volume of $13.75M million.

BinaryX (BNX) experienced a notable 32.81% increase in price, reaching $0.9206 in the last 7 days. As the platform’s cryptocurrency, BNX serves as the backbone of the BinaryX ecosystem, which includes a decentralized autonomous organization (DAO) and products such as games that utilize the token. The total trading volume for BinaryX amounted to $135.62M.

Finally, PancakeSwap (CAKE) has gained 30.80% over the past week, with its price rising to $2.59. Built on the BNB Chain, PancakeSwap enables users to trade tokens directly without relying on centralized exchanges. CAKE's trading volume reached a total of $248.63 million, highlighting its continued success in the decentralized finance space.

Top Weekly Losers

The cryptocurrency market is always in flux, with weekly reports of both gains and losses. The Top Weekly Losers showcase the difficult reality of managing regulatory developments, market fluctuations, and media influence. Nevertheless, this week brings a crucial opportunity for traders and investors to refine their strategies and pursue more promising results.

Among the notable losers is Test (TST), which currently sits at $0.08957. The token, originally deployed on the BNB Chain as a test asset for a tutorial on launching meme tokens, experienced a sharp 61.05% drop over the past seven days. The trading volume for TST totaled $137.83 million.

Another major loser is Solayer (LAYER), which saw a 50.59% decrease, bringing its price down to $0.6376. Known for being the first hardware-accelerated blockchain, Solayer leverages programmable chips to achieve over 1 million transactions per second, offering 100 Gbps+ bandwidth and near-zero latency. LAYER saw a trading volume of $106.94 million

In the meme coin category, Fartcoin (FARTCOIN), a token on the Solana blockchain, experienced a notable drop of 50.48%, bringing its price to $0.3305. Designed to combine humor, community engagement, and cryptocurrency, Fartcoin’s volatility is a clear reflection of the speculative nature of meme coins, with a current trading volume of $122.41M.

Similarly, Hey Anon (ANON), an AI-powered DeFi protocol aimed at simplifying decentralized finance interactions, saw a significant decrease of 48.67%, bringing its price down to $4.68. The protocol, which aggregates essential project-related information for users, is facing a rough week in the market, with its trading volume at $11.33M.

Lastly, AI Rig Complex (ARC), a platform combining AI and Web3 technology to enhance decentralized ecosystems, also took a hit. The token’s value declined by 44.73%, now priced at $0.1743, with a trading volume of $32.63M.

Hot ICOs To Watch

Active ICOs

Pindora (LUCIA)

The Pindora project is currently hosting an IDO (Initial DEX Offering) on Paid Network. The sale for LUCIA, a privacy-preserving decentralized AI assistant, began on February 17 and will run until February 19. The fundraising goal for this round is set at $100K. LUCIA is designed to offer a secure and private AI assistant, leveraging the latest in decentralized technology.

WalletConnect

WalletConnect is hosting an IDO (Initial DEX Offering) on Bitget, which also began on February 17 and will end on February 19. The fundraising goal for this round is a substantial $4 million. WalletConnect serves as the decentralized Web3 messaging layer and a widely adopted standard for connecting blockchain wallets to decentralized applications (dApps), enhancing the Web3 user experience.

SpeedThrone

SpeedThrone is currently in its SHO (Single Token Offering) on DAO Maker. The sale started on February 16 and will conclude on February 21, with a fundraising target of $510K. SpeedThrone is an innovative AI agent-integrated gaming ecosystem that seeks to redefine the Web3 gaming experience, aiming to raise the standards of how gaming and blockchain can intersect in the next generation.

Upcoming ICOs

ChirpPad

ChirpPad will be launching its IDO (Initial DEX Offering) on BullPerks, with the sale starting on February 20 and ending on February 21. The fundraising goal for this round is set at $250K. ChirpPad is a SocialFi launchpad with a deflationary token model. It combines funding and a unique protocol for social monitoring, creating an innovative platform for users to engage in social finance.

State 1

State1 will kick off its IDO (Initial DEX Offering) on Spores, starting February 21 and running through February 23. The fundraising target for this round is $100K. State1 is an innovative ecosystem designed to help businesses and users create a seamless XR and Web3 presence, providing ready-to-use immersive solutions for the next generation of digital interaction.

Stabble

Stabble will begin its public sale on February 21, with the sale ending on February 24. To date, Stabble has already fundraised $3.03M in six rounds. Stabble is a Solana-native decentralized exchange, built upon the automated market maker (AMM) conversion function originally introduced by the Uniswap protocol, offering a robust platform for decentralized trading.

Ended ICOs

Pandana

Pandana wrapped up its presale on February 11, raising $1.8 million. Pandana is a Solana-based memecoin that stands out for its unique approach, combining high-quality content with compelling storytelling to create a new standard in the cryptocurrency space.

Mind AI

Mind AI completed its IDO (Initial DEX Offering) on Seedify on February 11, with a total of $1.2 million raised across three rounds. Mind AI is a cutting-edge crypto analytics platform designed to help investors make more informed decisions, utilizing data-driven insights to enhance their investment strategies.

Solayer

Solayer’s sale ended on February 11, having raised $22.5 million in six rounds. Solayer is focused on building the restaking network natively on the Solana blockchain, offering a robust solution to improve staking mechanisms and further enhance the Solana ecosystem.

Hottest Airdrops

Arcadia

• Start a new room or enter an existing one

• Choose your preferred game

• Select the blockchain network

• Set your stake (minimum $0.01, may vary by chain/token)

• Pick the number of rounds (if needed)

• Confirm your transaction

• Join their Telegram channel

Kaito AI

• Head to the Kaito AI Yaps platform

• Click “Sign In” and link your X account

• If you face authentication issues, retry or switch to desktop mode on mobile

• Hit “Become a Yapper”

• Choose “Start Yapping”

• Click “Continue”

• Join the waitlist

• Begin creating content and interacting with the crypto community

• Add your ETH and SOL wallets on your profile page

• Check out the Yaps by Kaito leaderboard

• Cast your vote for your top project each week
  

Best Regards,
Crypto Recorder Team

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