Crypto Recap: Market Greed, High-Flying Coins and NFT Collections to Watch

Dear Readers,

The cryptocurrency market experienced a significant downturn on Thursday, mirroring the slump in global tech stocks. Bitcoin (BTC) and Ethereum (ETH) witnessed price drops of 3.2% and 8.41%, respectively, trading at $64,239 and $3,164. The overall market capitalization also fell by 4.28% to $2.31 trillion in the last 24 hours. Popular altcoins like Solana, Dogecoin, Cardano, Avalanche, Shiba Inu, Polkadot, and Chainlink were not spared either, registering declines in their prices.

Highlights Of The Week

• U.S. spot Ether ETFs see net outflows of $113.3 million on their second trading day, primarily due to heavy losses from Grayscale’s Ethereum Trust.

• Riot, an American Bitcoin mining giant, acquires Kentucky-based Block Mining in a $92.5 million deal.

• Swiss crypto bank Sygnum Bank, with $4.5 billion in client assets, announces profitability after a significant increase in crypto trading volumes in the first half of 2024.

• MonoSwap, a decentralized exchange and staking platform, reports a malicious hack on July 24 and warns users against staking or adding additional funds. 

• BitcoinOS (BOS) successfully verifies the first zero-knowledge (ZK) proof on Bitcoin’s mainnet on July 24, enhancing functionality and scalability without altering the blockchain’s base layer.

Crypto Fear & Greed Index

Despite the recent slump in cryptocurrency prices, with major markets experiencing significant losses, the Crypto Fear & Greed Index remains in "Greed" territory, at a value of 68. This stands in contrast to yesterday's even greedier sentiment of 69. This suggests that investor sentiment may be disconnected from current market conditions, possibly due to yesterday's optimism or a belief that the current slump is temporary.

ATH coins

When a cryptocurrency hits an all-time high (ATH), it signifies its elite status and a spike in demand. Yet, the market's volatility cannot be ignored. Detailed research is necessary before investing in ATH coins. Here are some of the most recent top performers that have reached ATH milestones.

Today, Avail (AVAIL) reached a new all-time high (ATH) of $0.2439, before settling at $0.2125 with a substantial trading volume of $159.4 million. This milestone underscores Avail's commitment to accelerating the unification of Web3 through its advanced modular technology stack, which enhances data availability, aggregation, and shared security.

Qudefi (QDFI) also celebrated a new ATH of $0.09693 today. It is now trading slightly lower at $0.09639, with a trading volume of $1.65 million. Qudefi is designed to bridge the gap between individual investors and large financial institutions, leveraging advanced AI for risk management and trading software to facilitate this connection.

In the gaming sector, Unlighted (ULD) hit an ATH of $1.95 today. Currently priced at $1.92 with a trading volume of $2.03 million, Unlighted is revolutionizing the battle royale genre with its blockchain-infused, looting-based gameplay that offers players true ownership and unparalleled rewards.

Meanwhile, 3space Art (PACE) achieved an ATH of $0.18 yesterday. It is now trading at $0.1631, with a volume of $216,552. 3space Art merges the digital and physical art worlds, providing a platform where artists and collectors can showcase digital art at offline events and exhibitions.

LinqAI (LNQ) also reached an ATH yesterday, peaking at $0.281. It is currently trading at $0.2566 with a volume of $2.97 million. LinqAI stands at the forefront of integrating innovative AI with practical business solutions, offering versatile and adaptable technology for both traditional sectors and the emerging Web3 space.

Top Movers (24H)

As the cryptocurrency market continues to establish itself as a credible investment avenue, former skeptics are now fully embracing it, adding a range of digital assets to their portfolios. Seasoned crypto investors are also solidifying their positions, contributing to significant price rises across different cryptocurrencies in the past 24 hours. Let's take a closer look at a few familiar cryptocurrencies that have recently experienced remarkable price surges.

UZX (UZX), a novel trading platform designed to bridge the gap between centralized and decentralized exchanges, surged 29.58%, currently priced at $1.57 with a trading volume of $14.71 million. UZX aims to provide a secure, transparent, and efficient trading experience by combining the strengths of both CeFi and DeFi models.

Oasys (OAS), a game-specific blockchain, soared 24.67% to its current price of $0.05278.  Oasys boasts a trading volume of $14.66 million and tackles scalability challenges often faced by traditional blockchains handling the high transaction volume of the gaming world.

In the realm of DeFi (Decentralized Finance), Solend (SLND), a Solana-based lending protocol, recently rebranded as Save and relaunched on save.finance. While sporting a new name, SLND still saw a 24.23% price increase before the rebrand, reaching its current price of $0.632. However, the trading volume for SLND is a modest $374,636.

Zano (ZANO), a privacy-centric blockchain ecosystem launched in 2019, gained 22.48% in the last day, reaching its current price of $3.04 with a trading volume of $679,849. Zano utilizes cryptographic techniques like ring signatures and stealth addresses to make transactions untraceable.

Rounding out the gainers is Galxe (GAL), a Web3 infrastructure builder that empowers developers and projects to leverage credential data. GAL's price increased 12.70% over the past day, reaching its current price of $3.27 with a trading volume of $13.32 million. Galxe's open and collaborative infrastructure allows Web3 projects to build better products and communities by utilizing credential data.

Non-Fungible Tokens – Developments

• Sky Mavis announces upgrades to its NFT trading platform, Mavis Market, enhancing features and functionality.

• OKX Marketplace launches the ‘BitCell NFT Allowlist Giveaway’ in collaboration with Cellula, offering 200 guaranteed allowlist spots and 1,000 first-come, first-served spots for the BitCell NFT.

• Animoca Brands’ Mocaverse NFT collection partners with Ton Blockchain to advance the adoption of web3 technology.

NFTs To Watch (24H)

Mocaverse

Leading the pack for NFT gainers over the past 24 hours is Mocaverse. This collection boasts 8,888 unique beings called Mocas, further divided into five distinct tribes: Angels, Builders, Dreamers, Connectors, and Neo-Capitalists. Mocaverse saw a significant 27% increase in trading volume, reaching a total of 31.80 ETH. The current floor price for a Mocaverse NFT sits at 1.49 ETH, with 22 NFTs finding new owners within the last day.

Memeland Captainz

Next up is Memeland Captainz, setting sail on a wave of trading activity with a 30% rise in volume over the past 24 hours. This collection features 9,999 unique pirate NFTs, each captain searching for the legendary treasure known as "Memeland."  The current floor price for a Memeland Captainz sits at 2.58 ETH, although only 13 NFTs were sold during the past day, suggesting a focus on higher-value trades within the collection.

Kanpai Pandas

Finally, Kanpai Pandas rounded out the top performers with a staggering 56% surge in trading volume, reaching a total of 29.59 ETH within the last 24 hours. This collection features 8,888 unique pandas, self-described as "chain omni-chain pioneers" who built a strong brand and community. The current floor price for a Kanpai Panda sits at a more accessible 0.969 ETH, with 26 NFTs changing hands over the past day.

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

Best Regards,
Crypto Recorder Team

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