Crypto Recap: Market Trends, Top Coins, and NFT Highlights

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Dear Readers,

The cryptocurrency market recently saw a notable upward shift, driven by increasing regulatory clarity in major global economies. Bitcoin (BTC) surpassed the $67,000 milestone, peaking at $67,358, marking about 1% rise over the past 24 hours. Other prominent cryptocurrencies, such as Ethereum (ETH) and XRP, followed suit with price gains, while Solana (SOL) slightly declined. BONK and Mog Coin (MOG) emerged as the top performers of the day. Overall, the global cryptocurrency market capitalization grew by over 2%, reaching $2.32 trillion.

Highlights of The Week

• Trump-supporting Political Action Committee (PAC) "Trump 47" has raised $7.5 million in cryptocurrency since July for his presidential campaign.

• Bitcoin and high-risk memecoins dominated the third quarter, causing crypto venture capital funding to drop 20% to $2.4 billion, as mid-tier projects were overlooked.

• Almost one-third of surveyed individuals believe Bitcoin will surpass $100,000 by year-end, with 76% of private wealth in Asia already invested in digital assets.

• Radiant Capital paused operations after suffering a $58 million cybersecurity breach on BNB Chain and Arbitrum.

• The SEC filed over 20 lawsuits against crypto-related firms in 2023, with the overturn of Chevron vs. NRDC having minimal impact on its enforcement strategy.

Crypto Fear & Greed Index

The most recent Crypto Fear & Greed Index has recorded a value of 71, reflecting a minor drop in the Greed index from a score of 73 the previous day. This slight adjustment occurs amidst a rise in cryptocurrency prices in recent days, driven by recent decisions from central banks and a broader acceptance of cryptocurrencies worldwide. The improved sentiment indicates an increasing readiness among investors to participate in the market.

ATH Coins

Hitting an all-time high (ATH) signifies exceptional performance and increasing attention towards a cryptocurrency. Despite this achievement, market fluctuations continue to play a significant role. Thorough research is crucial before investing in coins that are at their ATH. Explore the most recent top performers that have reached new ATH levels.

In 2024, memecoins have continued to capture investors' attention, particularly those based on Solana. Among them is Goatseus Maximus (GOAT), which has seen an incredible surge in value, climbing 7,000% shortly after its launch. With an all-time high (ATH) price of $0.369 reached today, GOAT’s current price stands at $0.2994, backed by a trading volume of $173.46 million.

ParallelAI (PAI) is another standout, a decentralized financial payment network that is reshaping the traditional payment infrastructure using blockchain technology. PAI reached an ATH of $0.5052 today and currently trades at $0.4403, with a volume of $2.64 million.

In the realm of stablecoins, Tether Gold (XAUt) continues to provide value by offering ownership of gold in a 1:1 ratio to a physical bar meeting the standards of the London Bullion Market Association (LBMA). Today, XAUt hit an ATH of $2,684.08 and is now priced at $2,682.67, with a $4.50 million trading volume.

Another promising memecoin, Klaus (KLAUS), established by an experienced team, has gained attention through strategic partnerships with key opinion leaders (KOLs), influencers, and crypto media. KLAUS hit its ATH of $0.0519 today and currently trades at $0.04833, with a $6.73 million trading volume.

Lastly, XBorg (XBG), launched in 2022 as a SwissBorg spin-off, is focused on revolutionizing the gaming industry with its player identity protocol. By enabling players to own and leverage their data, XBorg aims to enhance the digital gaming experience. With a recent ATH of $0.3636 on October 16, 2024, XBorg’s current price is $0.2791, accompanied by a trading volume of $5.87 million.

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.

In the latest market update, several standout cryptocurrencies have made significant movements. OmniCat (OMNI), currently priced at $0.0001096, saw a change of 73.16%. With a trading volume of $2.23M, OmniCat is the first omnichain meme coin, operating across seven ecosystems. It utilizes LayerZero technology, allowing seamless movement across chains.

Botto (BOTTO), priced at $0.523, experienced a change of 52.29% with a volume of $1.48M. Botto is a decentralized autonomous artist powered by a growing community. Since its launch on October 8, 2021, Botto creates 350 art pieces weekly, with the community voting on their preferences.

OpenLeverage (OLE), now valued at $0.0169, recorded a 45.10% change and a trading volume of $2.12M. OpenLeverage is a permissionless margin trading protocol, allowing traders to long or short any trading pair on decentralized exchanges (DEXs) securely and efficiently.

Meanwhile, Virtuals Protocol (VIRTUAL) is currently priced at $0.1018 with a 26.11% change and a volume of $7.30M. This AI x Metaverse protocol is shaping the future of virtual interactions.

Ethervista (VISTA) stands at $7.93, reflecting a 21.82% change and $2.71M in volume. As the native currency of the Ethervista DEX, $VISTA has a capped supply of 1 million tokens. Ethervista implements a value-compounding deflationary model where each token burn not only reduces supply but also elevates the price floor.

Non-Fungible Tokens – Developments

• NFT holders sue Eden Gallery, alleging failure to deliver on a promised metaverse-based private club for the Meta Eagle Club, which raised $13 million from 12,000 NFT sales.

• Elon Musk retweeted an NFT whale's support for Republican candidate Donald Trump, hinting at a potential cabinet position focused on government efficiency.

• Web3 social platform BreadnButter (BREAD) has officially launched 'BreadnBuddies,' its first NFT collection featuring 4,000 exclusive NFTs.

NFTs To Watch (24H)

In recent NFT market updates, Milady Maker saw a significant increase in trading activity, with a volume of 247 ETH, marking a 199% rise. The floor price stands at 4.98 ETH, with 56 sales. Milady Maker is a unique collection of 10,000 generative PFP NFTs, characterized by a neochibi aesthetic inspired by street style subcultures.

Meanwhile, Bored Ape Yacht Club recorded a volume of 189 ETH, reflecting a 75% increase. The floor price is 11.11 ETH, and 17 sales were made. This collection of 10,000 distinctive Bored Ape NFTs offers not only ownership but also exclusive membership perks, including access to THE BATHROOM, a collaborative graffiti board for members.

Lastly, Redacted Remilio Babies reported a volume of 106 ETH, showing a 116% rise in activity. With a floor price of 1.29 ETH and 85 sales, this collection of 10,000 neochibi PFP NFTs extends the Milady Maker universe, blending young J.I.T. energy with a distinctive schizophrenic and reactionary aesthetic.

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

Best Regards,
Crypto Recorder Team

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