Crypto Pulse: Market Highlights, Coin Watch, and NFT Buzz

Dear Readers,

The cryptocurrency market experienced a significant upswing, driven by increased clarity on crypto regulations following the U.S. presidential elections. Bitcoin (BTC) surged past the $74,000 mark, reaching a price of $74,992, reflecting a 1.90% gain in the last 24 hours. Other major cryptocurrencies, including Ethereum (ETH), XRP, and Solana (SOL), also posted gains. Leading the day's top performers, Lido DAO (LDO), Ethena (ENA), and Aave (AAVE) each rose by more than 20%. Overall, the global cryptocurrency market capitalization grew by 2.56%, reaching $2.51 trillion.

Highlights of The Week

• BlackRock’s Bitcoin ETF saw record trading activity of $4.1 B following Donald Trump’s reelection as U.S. president.

• Bitcoin miner Hut 8 projects a 66% increase in self-mining hash rate by Q1 2025 after purchasing 31,145 Bitmain Antminers S21+.

• Analysts predict increased crypto product offerings following Donald Trump’s Nov. 5 election victory.

• Tether announced a large cross-chain swap of over 2 billion USDT from various blockchains to the Ethereum network on November 6, 2024.

• Bitfinex analysts foresee increased capital inflows and optimism in crypto markets after Donald Trump’s reelection as U.S. president.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index recently rose to an "extreme greed" level of 77, up from a "greed" rating of 70 recorded the day before. This uptick aligns with a surge in cryptocurrency prices, with Bitcoin hovering near its all-time high. The heightened index level reflects increasing investor confidence and a stronger inclination to participate in the market.

ATH Coins

Achieving an all-time high (ATH) signifies outstanding performance and increasing investor interest in a cryptocurrency. However, even at these peak levels, market volatility continues to be a significant consideration. Thorough research is vital before making investment decisions in coins at their ATH. Below is an overview of the most recent top performers that have reached new ATHs.

Grass (GRASS) reached an all-time high (ATH) of $2.89 today, with a current trading price of $2.40 and a volume of $491.81 million. Grass is building the first open, internet-scale web crawl powered by over 3 million users running nodes to gather petabytes of data for AI models.

UXLink (UXLINK) also reached an ATH of $1.20 today and currently trades at $0.8481 with a volume of $2.01 billion. As a user-driven Web3 social platform, UXLINK aims to foster mass adoption by introducing two-way, friend-type social relationships, unlike typical one-way following dynamics.

Sui (SUI) has also made significant strides, with an ATH of $2.38 reached today and a current price of $2.24, supported by a trading volume of $1.37 billion. Sui’s platform uses an innovative object-centric data model and the Move programming language, positioning it as a secure and scalable layer-1 blockchain designed to address the demands of global blockchain adoption.

Fwog (FWOG) achieved another ATH of $0.4825 today, following a previous high on October 30, 2024. It currently trades at $0.4723 with a volume of $34.42 million, signaling strong performance in recent weeks.

Finally, APF coin (APFC) reached an ATH of $0.8739 today, and has now edged slightly lower at $0.8401 with a trading volume of $2.32 million. APFC bridges cryptocurrency with tangible agricultural investments, backed by stable farmland market dynamics, providing a unique blend of digital and real-world value through APF Digital.

Top Movers (24H)

The growing legitimacy of the cryptocurrency market as a viable investment option has prompted previous skeptics to eagerly add digital assets to their portfolios. At the same time, experienced crypto investors are strengthening their positions, driving significant price increases in various cryptocurrencies over the past 24 hours. Below are some of the major cryptocurrencies that have experienced notable price surges recently.

SolarX (SXCH) leads the pack with a 124.35% price increase, now trading at $0.0228 and with a volume of $4.53 million. As the world’s first eco-friendly cryptocurrency miner, SolarX is revolutionizing the mining industry by using 100% solar energy to power its operations. This positions SolarX as a sustainable alternative to traditional mining, appealing to environmentally conscious investors and miners alike.

Following closely, Stader (SD) has also seen impressive growth, up by 65.83%, with a current price of $0.8733 and a trading volume of $19.22 million. Stader focuses on building crucial staking middleware infrastructure across multiple Proof-of-Stake (PoS) networks, offering robust solutions to retail crypto users, exchanges, and custodians, and helping facilitate the growth of the PoS ecosystem.

In the meme coin space, Moo Deng (MOODENG) stands out with a 35.05% price increase, currently priced at $0.2173 and a substantial trading volume of $147.02 million. Based on the Solana blockchain, Moo Deng leverages the power of meme culture within the crypto community, providing a lighthearted yet enticing investment opportunity for those looking to engage in this playful sector of the market.

Meanwhile, Pixelverse (PIXFI) has also experienced a solid 38.29% price increase, now trading at $0.003208, with a volume of $13.29 million. This cyberpunk-themed gaming ecosystem is building an innovative platform that integrates third-party developers, intellectual properties, and its own projects, creating a unique, immersive environment for both players and creators.

Lastly, pSTAKE Finance (PSTAKE), priced at $0.04761 with a 26.43% price change and a trading volume of $2.32 million, is offering an intriguing solution in the staking space. Backed by Binance Labs, pSTAKE enables users to liquid stake Bitcoin, earning rewards from Babylon’s Trustless BTC staking protocol while maintaining liquidity—a promising development for DeFi enthusiasts looking to maximize their returns.

Non-Fungible Tokens – Developments

• The NFT marketplace OpenSea will launch a new and improved platform in December, though specific details remain scarce.

• Sonic Labs will take a snapshot of wallets holding all six Sonic Shards on December 1, 2024, enabling eligible users to mint an exclusive NFT upon mainnet launch.

• The initiative includes an airdrop of 200 million S tokens, with 190.5 million designated for users who complete the Sonic Shard NFT collection.

• GCAC has expanded its partnership with EMTRI Corp. to enhance blockchain tracking and NFT couponing in California's cannabis market.

NFTs To Watch (24H)

Pudgy Penguins, a collection of 8,888 NFTs, has achieved success with a volume of 271 ETH, reflecting a 186% increase. The floor price currently stands at 8.50 ETH, with 34 sales recorded. This collection stands at the forefront of accelerating Web3 innovation through intellectual property utilization and community empowerment.

The Founder's Pirates, a key collection within the Pirate Nation ecosystem, has garnered 44 ETH in volume, marking a 267% increase. With a floor price of 0.81 ETH and 54 sales to date, these exclusive collectibles offer unique benefits to their holders, positioning them as a prized asset for collectors.

Lil Pudgys, a collection of 22,222 NFTs derived from the Pudgy Penguins universe, has seen a volume of 35 ETH and a 77% increase in its trading activity. The floor price is currently 0.80 ETH, with 47 sales recorded. Despite their smaller size, Lil Pudgys are a significant part of Pudgy Penguins' history, representing an essential facet of the broader Pudgy Penguins narrative and community.

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

Best Regards,
Crypto Recorder Team

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