Crypto Landscape: Market Trends, Major Coins, and NFT Developments

Dear Readers,

Bitcoin, after nearing the six-figure mark during its all-time high last Friday, is once again on an upward trend. Over the past 24 hours, it has climbed 1.49%, currently trading at $95,789. This growth is attributed to heightened interest and increased trading activity. Other prominent cryptocurrencies are also experiencing gains, with Ethereum (ETH) rising over 4.97%, and BNB advancing by approximately 5.55%. The global cryptocurrency market as a whole grew by 3.53%, reaching a total value of $3.31 trillion.

Highlights of The Week

• Uniswap achieved a record-breaking monthly trading volume across Ethereum Layer 2s, signaling potential outperformance within the Ethereum ecosystem.

• ZachXBT's investigation connected a former Fortnite player and cybersecurity analyst to memecoin scams stealing approximately $3.5 million.

• Bitwise has applied for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund, originally launched in 2017.

• China-based SOS Ltd surged 40% in shares after announcing plans to purchase $50 million worth of Bitcoin for its US operations. 

• Tornado Cash developers face criminal charges, and lawsuits are pending against the US Treasury for allegedly overstepping in sanctioning its smart contracts.

• River reported 62 publicly traded companies employing Bitcoin treasury strategies, with MARA acquiring 6,474 BTC through a $1 billion offering.

• Transparency in public blockchains deters institutions from Web3, though zero-knowledge technology could address privacy concerns, per Avidan Abitbol.

• Vancouver Mayor Ken Sim proposed adding Bitcoin to the city's balance sheet as part of a financial diversification strategy.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index has climbed from a "Greed" score of 75 to an "Extreme Greed" level of 77, highlighting an improvement in market sentiment. This shift aligns with a significant rise in cryptocurrency prices and speculation that Bitcoin could reach six figures by year-end. The consistently high index level indicates strong investor optimism and a heightened willingness to engage in the market, reflecting growing confidence in the ongoing crypto rally.

ATH Coins

Reaching an all-time high (ATH) is a remarkable milestone for any cryptocurrency, reflecting both exceptional market performance and increased investor confidence. However, even at these record peaks, the inherent volatility of the market remains a key factor, emphasizing the importance of a cautious approach. Conducting thorough and well-informed research is essential before making investment decisions at such high levels. Here’s a look at the latest cryptocurrencies that have achieved new ATH records.

Vector Smart Gas (VSG) reached an all-time high (ATH) price of $0.007069 today and is currently trading at $0.0064, with a volume of $2.03 million. Powered by Vector Smart Chain (VSC), an innovative Layer 1 blockchain, VSG is set to revolutionize decentralized finance (DeFi), enterprise solutions, and the integration of real-world assets (RWA).

NeuralAI (NEURAL) also achieved an ATH price of $11.30 today, now trading at $10.67 with a volume of $1.74 million. At the intersection of AI and blockchain, NeuralAI is transforming 3D asset creation by utilizing advanced machine learning to convert text and image inputs into high-quality 3D models, making asset creation easier and more efficient for developers.

ParallelAI (PAI) hit an ATH of $0.6601 today and is now priced at $0.6361, with a volume of $3.26 million. With the surge in demand for GPUs driven by generative AI, ParallelAI is tackling the optimization of parallel processing for AI developers, helping to address the growing gap between supply and demand in the GPU market.

Rizzmas (RIZZMAS), with an ATH price of $0.0001549 today, is currently trading at $0.0001359 and has a volume of $83.64 million. This holiday-themed token blends the festive spirit with crypto trading, using references to Santa and Christmas while fostering community engagement and generating excitement within the market.

PinLink (PIN) reached an ATH price of $1.05 today, now trading at $0.9314 with a volume of $1.99 million. As the pioneer behind the first RWA-Tokenized DePIN protocol, PinLink is enabling AI developers to tokenize real-world assets (RWAs), opening new revenue streams and reducing physical infrastructure costs for AI and decentralized finance applications.

Top Movers (24H)

The cryptocurrency market is increasingly gaining traction as a legitimate investment avenue, winning over former skeptics who are now incorporating digital assets into their portfolios with fresh enthusiasm. Meanwhile, seasoned crypto enthusiasts are amplifying their investments, contributing to notable price surges across multiple cryptocurrencies in the last 24 hours. Below, we highlight some of the standout performers that have recently experienced impressive growth.

Sperax (SPA) has experienced impressive growth, with its price now sitting at $0.02172, reflecting a 130.03% increase. The token's trading volume has surged to $51.05 million, indicating rising interest from investors. As the core of the Sperax protocol, SPA supports an ecosystem that includes the first-ever auto-yield stablecoin, USDs, alongside a range of decentralized finance (DeFi) applications. This positions Sperax as a key innovator in the crypto world.

Cookie (COOKIE) is also making waves, currently priced at $0.0377, marking a 75.99% increase. With a trading volume of $3.62 million, COOKIE serves as the utility and governance token within the Cookie Ecosystem—a collaboration between Cookie DAO and Cookie3. It stands out as the first MarketingFi token, tapping into the $366 billion digital marketing industry and redistributing value across users, creators, and businesses, fostering a more equitable ecosystem.

NetMind Token (NMT) has seen significant growth, now priced at $3.72, up by 75.08%. Its trading volume has reached $17.04 million. Built on the Ethereum blockchain, NMT is a crucial component of the NetMind Power platform, a decentralized network that repurposes idle GPU resources for AI and machine learning tasks. The token facilitates transactions and rewards within the platform, fueling its expansion and functionality.

Synesis One (SNS) has surged to a price of $0.02928, reflecting a 61.39% increase, with a trading volume of $2.01 million. This decentralized autonomous organization (DAO) blends play-to-earn gaming with AI dataset creation. By rewarding users for generating AI training datasets, Synesis One is turning data creation into a fun and profitable activity, advancing the development of AI technologies.

APX (APX) has reached a price of $0.08439, up by 25.76%, and boasts a trading volume of $6.22 million. As the native token of APX Finance, it fuels the leading decentralized exchange (DEX) for crypto derivatives on the BNB Chain. Offering both order book and on-chain perpetuals across major blockchains, APX provides traders and stakers with powerful tools and opportunities in the evolving DeFi landscape.

Non-Fungible Tokens – Developments

• Recent data from CryptoSlam reveals Bitcoin's on-chain NFT sales have increased by over 80% in the past 30 days, surpassing $167 million, signaling growing interest in the Bitcoin NFT market. 

• Side Protocol shared on X that the allocation for holders of Runestone, Quantum Cats, Bad Kids, and CelestineSloths NFTs has been fully claimed, following the removal of the final step Discord verification and Captcha human verification. 

• Starting Nov. 27, Kraken's NFT marketplace entered withdrawal-only mode, beginning a three-month withdrawal period before its complete closure. The company aims to focus on new products and services instead.

• JMJ Mach combines traditional watchmaking with NFTs and blockchain, creating a new category of luxury timepieces that exist both physically and digitally as unique assets.

• Moonray's recent NFT mint on OpenSea saw over 220,000 "Jadeon Adam" character skins claimed by players on Coinbase's Ethereum-based Layer-2 network, Base, marking a shift from Bitcoin to Ethereum for the game.

NFTs To Watch (24H)

In the latest NFT market updates, Milady Maker has reached a volume of 199 ETH, showing a 31% increase, with 34 sales and a floor price of 6.10 ETH. This collection of 10,000 generative profile picture NFTs features a neochibi aesthetic inspired by street style tribes.

Meanwhile, Mutant Ape Yacht Club has seen a significant volume of 193 ETH, marking a 324% increase. With 86 sales and a floor price of 2.25 ETH, this collection consists of up to 20,000 Mutant Apes, which are created either by exposing a Bored Ape to a vial of Mutant Serum or through a public mint.

Lastly, Courtyard.io has recorded 89 ETH in volume, with a 146% rise, 5,981 sales, and a floor price of 10.82 POL. This groundbreaking marketplace allows users to tokenize and trade physical cards on the blockchain, offering a unique and innovative way to own and interact with collectible assets.

Best Regards,
Crypto Recorder Team

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