Crypto Insights Weekly: Sentiments Analysis, ATHs, Top Performers, and NFT Discoveries

Dear Readers,

On Thursday, November 16, Bitcoin rebounded from recent losses, securing a 4.42 percent gain and bringing its current value to $37,385. This positive momentum extended to various other cryptocurrencies, with Ether registering a gain of 2.95 percent, reaching a value of $2,044 at the time of this update. Notably, stablecoins like Tether, Ripple, and USD Coin also joined the profit trend, making their mark on the favorable side of the cryptocurrency price chart.

Highlights Of The Week

• Turkey mulls crypto market regulations, emphasizing licensing and taxation to exit FATF "grey list" and address global ranking.

• South Korea's NPS acquires over 280,000 Coinbase shares in Q3 2023, witnessing a 39% increase in value post-purchase.

• Philippines Bureau of the Treasury introduces 10 billion pesos ($179 million) in one-year tokenized treasury bonds, canceling the scheduled traditional auction.

• Binance to launch a Thailand-based crypto exchange in early 2024 through a joint venture with Gulf Energy Development.

• NYDFS announces new regulations on Nov. 15, mandating crypto companies to seek approval for coin listing and delisting policies.

• Paxos obtains in-principle approval from Singapore’s regulator for a new entity set to launch a U.S. dollar-backed stablecoin.

• Grayscale Investments strategically uses its Ether futures ETF application as a "trojan horse" to influence SEC approval for its spot Ether ETF.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index presently registers at 70, signaling a prevailing sense of greed among investors. This uptick from yesterday's reading of 60 coincides with a significant upswing in crypto prices. The catalyst for this surge appears to be the positive reception of recent economic data, notably the release of the U.S. Consumer Price Index and Producer Price Index earlier this week. These pivotal indicators, instrumental in gauging inflation, have instilled a renewed sense of confidence in investors, fostering an environment conducive to risk-taking and contributing to the current state of market greed.

ATH coins

After a cryptocurrency attains its peak market value, it earns a spot among the top-performing all-time high (ATH) coins. While this signifies a significant surge in coin demand, it doesn't assure continuous growth. Due to the considerable volatility in the world of digital currencies, it becomes crucial to undertake thorough research and analysis before contemplating investments in ATH coins. Presently, the following coins have distinguished themselves as outstanding performers, reaching noteworthy ATH milestones in recent periods:

Today, Beam (BEAM) achieved its all-time high (ATH) price at $0.01012, showcasing a notable performance in the cryptocurrency market. The current price for BEAM is slightly lower at $0.009756. Despite a minor dip, the coin has maintained an active trading volume of $19.37 million. BEAM token is the native crypto asset for the Beam network. It unites gamers and developers to influence the gaming industry's future.

Banana Gun (BANANA) demonstrated a robust performance by reaching an all-time high (ATH) price of $16.55 today. The current price stands at $15.31, and the coin has recorded a trading volume of $1.90 million. Banana Gun is a sniper tool enabling users to swiftly secure upcoming launches or purchase tokens through a Telegram bot.

PAAL AI (PAAL) experienced a notable milestone today with an all-time high (ATH) price of $0.1958. Although the current price has seen a slight decrease to $0.1865, the coin remains actively traded with a volume of $2.63 million. PAAL is an advanced AI chatbot streamlining tasks like natural language understanding, image recognition, decision-making, and problem-solving.

Bittensor (TAO) reached its all-time high (ATH) price of $174.39 today, signaling a significant achievement in the crypto space. The current price is slightly lower at $167.08, accompanied by a substantial trading volume of $6.66 million. Bittensor is the open-source protocol fueling a decentralized, blockchain-based machine learning network.

TRAC (TRAC) also attained an all-time high (ATH) price of $3.72 today, showcasing a strong performance. The current price is $3.64, and the coin has sustained a trading volume of $4.3 million. Trac, part of Ordinals' infrastructure project, strives to establish a decentralized system for tracking and accessing Ordinals-related protocols like BRC20, sats domain names, etc.

Top Movers (24H)

As the cryptocurrency market solidifies its position as a reputable investment option, individuals who previously hesitated are now adopting it and expanding their investment portfolios to include a diverse range of digital assets. Additionally, present-day crypto investors are strengthening their positions, resulting in significant price increases in various cryptocurrencies within the past 24 hours. Let's delve into a few notable cryptocurrencies that have recently experienced noteworthy price surges.

Kaspa (KAS) stands out prominently, experiencing a 40.77% change. Priced between $0.09704 and $0.1415, Kaspa, utilizing a proof-of-work (PoW) model and implementing the GHOSTDAG protocol, has reached a current price of $0.1341.

Render (RNDR) closely follows, boasting a 32.47% change and currently priced at $3.06. This surge is attributed to the recent listing of Render on the Japanese exchange, Binance RNDR. The token's value fluctuated between $2.31 and $3.19, with a substantial trading volume of $384.84 million, indicating increased interest and activity.

Avalanche (AVAX) has seen a noteworthy 24.99% increase, reaching $23.56. Functioning as a layer one blockchain, Avalanche serves as a platform for decentralized applications and custom blockchain networks. With a trading volume of $1.92 billion, Avalanche reflects a robust engagement within the market.

ORDI (ORDI) has recorded a 21.1% change, currently priced at $26.23. The token, with a price range between $21.66 and $27.55, exhibits a trading volume of $442.35 million, signifying its significance and influence in the current market trends.

Synthetix (SNX) has observed an 18.45% change, priced at $3.21, with a low of $2.71 and a high of $3.31. Synthetix is actively involved in constructing a decentralized liquidity provisioning protocol. The current trading volume stands at $148.84 million, underlining its integral role in the decentralized finance (DeFi) ecosystem.

Non-Fungible Tokens – Developments

• Dairy Queen partners with Weirdo Ghost Gang (WGG) for a pop-up NFT store in Chengdu, China.

• OpenSea users report a new email phishing attack with malicious links posing as the NFT marketplace.

• Creator of Mutant Ape Planet NFT collection pleads guilty to wire fraud in a New York federal court.

• Disney collaborates with Dapper Labs to launch a nonfungible token (NFT) platform.

NFTs To Watch

Pudgy Penguins

Pudgy Penguins has emerged as a noteworthy NFT collection in the past 24 hours, boasting a trading volume of 334 ETH and a substantial 27% change. With a floor price set at 5.33 ETH and a total of 62 sales, Pudgy Penguins is not just an NFT project; it's a community-driven force of 8,888 unique digital assets. This collection is actively contributing to Web3 innovation by leveraging intellectual property and fostering empowerment within its community.

Project AEON

Project AEON has made a significant impact within the NFT landscape in the past day, garnering a trading volume of 281 ETH and an extraordinary 28067% change. With a modest floor price of 0.14 ETH and 1716 sales, Project AEON is proving to be a dynamic force within the NFT market.

Moonbirds

Moonbirds, with a trading volume of 253 ETH and a 9% change, is making waves as the art collector's preferred profile picture (PFP). Boasting a floor price of 2.19 ETH and 125 sales, Moonbirds positions itself as more than just a collection of 10,000 digital artworks. Each piece within the collection offers holders exclusive experiences, fostering a direct connection with the artists behind the NFTs. 

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

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. We'll get back to you asap!