Crypto Pulse: Weekly Sentiment, Winners, and NFT News

Dear Readers,

Bitcoin experienced a downturn on Thursday, reversing its recent upward trend. The market's optimism, fueled by the prospect of a more crypto-friendly regulatory environment under a potential Donald Trump presidency, was overshadowed by persistent concerns regarding the potential distribution of tokens from the defunct Mt. Gox exchange.

Bitcoin's value decreased by 0.40% to $64,878, while Ethereum, the world's second-largest cryptocurrency, fell by 0.85% to $3,452. Despite the decline, Ethereum maintained relative strength amidst anticipation of the U.S. Securities and Exchange Commission approving spot Bitcoin exchange-traded funds.

Highlights Of The Week

• Web3 security firm Cyvers detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on Ethereum, with $234.9 million moved to a new address funded by Tornado Cash.

• Bankrupt crypto lender BlockFi announced it will start its first interim crypto distributions through Coinbase this month as part of a partnership to facilitate distributions efficiently.

• Reports on a Mt. Gox creditor subreddit indicated multiple login attempts on user accounts, raising fears of a potential cyberattack.

• The SEC approved two spot Ethereum ETFs — Grayscale Ethereum Mini Trust and ProShares Ethereum ETF — for listing on the NYSE’s Arca electronic trading platform.

• OKX announced its exit from Nigeria and will halt services for all Nigerian customers as revealed in an email to Nigerian clients on July 17.

Crypto Fear & Greed Index

Crypto markets have experienced a dramatic shift in sentiment this week, as evidenced by the Crypto Fear & Greed Index soaring from 29 to 61. A confluence of factors has driven this rapid ascent. Speculation surrounding a potential second Trump presidency has intensified, buoyed by the former president's vocal support for cryptocurrencies. Furthermore, a weakening US dollar, amidst growing expectations of Federal Reserve interest rate cuts beginning in September, has provided additional tailwinds for the crypto market.

ATH coins

An all-time high (ATH) marks a cryptocurrency's ascent to the upper echelons, reflecting a rise in demand. Despite this, the market remains inherently volatile. It's important to conduct comprehensive research before investing in ATH coins. Here are some of the latest top performers that have achieved ATH milestones.

Pirate Nation (PIRATE) surged to a new all-time high of $0.419 today, demonstrating strong investor interest in the free-to-play pirate-themed RPG built on Proof of Play’s Apex chain. Despite a slight pullback to its current price of $0.3952, the coin maintains a robust trading volume of $12.93 million, indicating continued market activity.

Gigachad (GIGA), the Solana-based memecoin inspired by the popular internet meme, achieved its ATH of $0.01642 today. While currently trading at $0.01553, the coin has managed to secure a substantial trading volume of $6.78 million.

Qudefi (QDFI), an AI-powered investment platform bridging individual investors and financial institutions, reached a new peak of $0.06423 today. The coin has experienced a minor correction to its current price of $0.06415, but its trading volume of $1.98 million indicates sustained investor involvement.

Undeads Games (UDS) achieved its highest price point of $2.34 today, showcasing strong investor confidence in the multi-genre gaming company. While the price has pulled back to $1.62, the coin still boasts a substantial trading volume of $4.46 million, suggesting continued market interest in its play-to-earn and play-to-own gaming model.

Kinka (XNK), a real-world stablecoin backed by Daiichi Commodities, maintained its value close to its all-time high of $2,480.89, which was reached yesterday. Currently trading at $2,466.77 with a volume of $219,966, the coin demonstrates stability and reliability, reflecting its backing by a publicly traded company and a major crowdfunding platform.

Top Movers (24H)

The persistent validation of the cryptocurrency market as a powerful investment option has converted many former skeptics into enthusiastic adopters, diversifying their investment portfolios with digital assets. Additionally, seasoned investors in the crypto space are fortifying their positions, resulting in notable price increases in various cryptocurrencies over the last day. Let's explore some of the well-known cryptocurrencies that have recently seen impressive price surges.

MyNeighborAlice (ALICE) led the pack with a 24.12% increase, pushing its price to $1.45 and boasting a trading volume of $145.21 million. As a farming-themed play-to-earn builder game on Chromia, ALICE continues to captivate players with its opportunity to own virtual islands, collect and build items, and foster a digital community.

Following closely, Guild of Guardians (GOG) climbed 18.39% to reach $0.08427, supported by a trading volume of $7.73 million. This multiplayer fantasy action RPG, built on Immutable X, aims for global dominance by empowering players to assemble Guardian teams and earn rewards through thrilling quests.

OORT (OORT) showcased a strong performance with an 18.06% rise, bringing its price to $0.1574 and trading volume to $1.91 million. Focused on developing trustworthy AI, OORT underscores the importance of transparency and unbiased data as AI integration becomes increasingly prevalent.

Rocket Pool (RPL) joined the upward trend with a 16.04% increase, reaching $20.48 and maintaining a trading volume of $34.41 million. As a decentralized Ethereum staking pool, Rocket Pool offers attractive rewards of up to 4.33% APR for ETH2 staking, solidifying its position in the Ethereum ecosystem.

Rounding out the top performers, Orange (ORNJ) saw a 15.17% increase, bringing its price to $0.1272 and trading volume to $8.03 million. As a decentralized finance (DeFi) ecosystem, Orange provides a comprehensive suite of tools for individuals and businesses to manage Bitcoin and other blockchain protocols.

Non-Fungible Tokens – Developments

• Donald Trump, the likely Republican presidential nominee, announced plans for a fourth NFT collection, citing the success of his previous releases..

• Pickle Rick ($PRICK) memecoin on Solana is preparing for major CEX listings, starting with OKX; users who mint one of the 101 Pickle Rick NFTs will get 75% cashback in $PRICK and a raffle ticket for a 1,000 SOL prize pool.

•  Singapore-based travel service conglomerate Trip.com faced criticism from the crypto community after announcing the termination of its NFT project called Trekki.

NFTs To Watch (24H)

Pudgy Penguins

Pudgy Penguins dominated NFT trading in the past 24 hours with a staggering volume of 187 ETH, representing a massive 454% increase. This collection of 8,888 NFTs, known for its emphasis on community, love, and empathy, saw 18 sales with a floor price of 10.599 ETH.

Doodles

Doodles experienced a significant 116% increase in trading volume, reaching 108 ETH over the past 24 hours. This original collection of 10,000 generative art characters, featuring 32 unique 1-of-1 pieces, continues to be a sought-after asset. With 51 NFTs changing hands and a floor price of 2.173 ETH, Doodles solidified its position as a leading NFT collection.

Memeland Captainz

Memeland Captainz demonstrated steady growth with a 32% increase in trading volume, totaling 65.81 ETH. This collection of 9,999 pirate-themed NFTs captured the attention of 25 buyers, with a floor price of 2.64 ETH.

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

Best Regards,
Crypto Recorder Team

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