Crypto Snapshot: Fear & Greed, ATH Coins, and NFT Highlights

Dear Readers,

The cryptocurrency market saw a strong surge, supported by clearer regulatory guidance after the recent U.S. presidential elections. Bitcoin (BTC), which reached an all-time high of $93,434 recently, is now undergoing a slight correction, trading at $90,745 with a 3.68% increase in the past 24 hours. Other major cryptocurrencies, including Ethereum (ETH), XRP, and Solana (SOL), also posted gains. Overall, the global cryptocurrency market capitalization rose by over 3.70%, hitting $3 trillion.

Highlights of The Week

• Phantom issued an emergency update for iOS users after reports of app resets locking users out of their wallets, with recovery dependent on remembering their seed phrases.

• BlockTower Venture Capital will continue to operate independently despite BlockTower Capital and Arca merging into a unified cryptocurrency investment platform.

• With Donald Trump’s reelection and a Republican-majority Senate, crypto firms are advocating for reforms and a "fresh perspective" on federal agencies, particularly the SEC.

• Curve Finance has introduced "Savings-crvUSD" (scrvUSD), a decentralized yield-bearing stablecoin designed to provide investors with “low-risk” returns and support the growth of its primary crvUSD stablecoin.

• Coinbase has acquired Utopia Labs to enhance its on-chain payments infrastructure through the Base network.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index recently climbed to an "extreme greed" level of 88, up from an "extreme greed" rating of 84 recorded just the day before. This increase aligns with a surge in cryptocurrency prices, as Bitcoin touched its all-time high yesterday. The elevated index level indicates growing investor confidence and a heightened willingness to engage in the market.

ATH Coins

Reaching an all-time high (ATH) represents exceptional performance and growing investor interest in a cryptocurrency. However, even at these record levels, market volatility remains a key factor. Conducting in-depth research is essential before investing in coins at their ATH. Below is a summary of the latest top performers that have recently achieved new ATHs.

In the latest developments in the meme coin space, Peanut the Squirrel (PNUT) on Solana has shown considerable activity. With an all-time high (ATH) of $2.47 recorded today, PNUT currently trades at $2.11 with a volume of $5.72 billion.

Pepe (PEPE), a deflationary meme coin launched on Ethereum, also reached its ATH of $0.00002524 today. Now priced at $0.0000224, PEPE’s trading volume has spiked to $20.84 billion, reflecting its ongoing popularity as a tribute to the Pepe the Frog meme, originally created by Matt Furie.

Meanwhile, Sui (SUI) has garnered attention following VanEck’s introduction of an investment product tied to it. Known for products linked to Bitcoin, Ethereum, and Solana, VanEck’s inclusion of SUI offers investors exposure to this token behind a high-performance Layer 1 blockchain, lauded for its horizontal scalability. SUI reached an ATH of $3.51 on November 14, 2024, and currently trades at $3.41, with a trading volume of $3.19 billion.

The meme coin scene on Solana also features Moo Deng (MOODENG), with a recent ATH of $0.511 and a current price of $0.4693 alongside a trading volume of $344.38 million.

Lastly, Goatseus Maximus (GOAT), the first meme coin created by truth-terminal, aims to fulfill “the prophecies of the ancient memeers.” GOAT achieved an ATH of $1.06 on Nov 14, 2024 and is now priced at $0.9499 with a volume of $525.18 million.

Top Movers (24H)

The increasing legitimacy of the cryptocurrency market as a credible investment avenue has led former skeptics to enthusiastically incorporate digital assets into their portfolios. Meanwhile, seasoned crypto investors are reinforcing their holdings, contributing to substantial price gains across several cryptocurrencies within the last 24 hours. Highlighted below are some of the leading cryptocurrencies that have recently experienced noteworthy price surges.

With a current price of $0.00793 and an impressive 201.03% increase, Pesto the Baby King Penguin (PESTO) has been making waves in the cryptocurrency market. Backed by a community-driven initiative, PESTO draws inspiration from the adorable king penguin recently born in Melbourne. Its trading volume has soared to $8.06 million, reflecting its growing appeal among investors looking for unique and engaging digital assets.

Priced at $0.08766 and up by 171.60%, Shoggoth (SHOGGOTH) is a Solana-based token gaining traction. With a trading volume of $25.82 million, this asset is appealing to those who favor the Solana blockchain's speed and efficiency, positioning Shoggoth as an intriguing option in the ever-expanding world of digital currencies.

BEERCOIN (BEER), currently priced at $0.0000235 and up by 141.38%, brings a playful twist to the crypto space with its unique positioning as the “liquid gold” of digital assets. Launched in 2024, BEERCOIN taps into the universal appeal of beer, capturing attention with a substantial trading volume of $23.66 million. It stands out as a novel, lighthearted asset for both crypto enthusiasts and casual traders.

Trading at $33.10 with a 110.12% increase, Keep3rV1 (KP3R) serves a practical purpose in the decentralized finance ecosystem. Designed as a decentralized platform, Keep3rV1 connects projects needing development services with those capable of providing them, boasting a trading volume of $21.24 million. It’s an essential tool for projects that require outsourced development and coordination, contributing to the DeFi infrastructure.

Billy (BILLY), priced at $0.103 with a 98.72% increase, is a community-driven memecoin based on the Solana blockchain. With a modest trading volume of $63.33, BILLY has nonetheless become a popular choice in the crypto world. Its vision—aiming to reach “billyons and billyons”—symbolizes its ambitious growth potential, driven by a community eager to see it rise.

Non-Fungible Tokens – Developments

• OpenSea users drop lawsuit over NFT securities claims after judge rules for arbitration, says users’ attorney.

• Polygon partners with Instagram to enable users to mint, display, and trade NFTs on the Polygon blockchain.

• SuperRare, a leading NFT art marketplace, collaborates with Chainlink to integrate its Cross-Chain Interoperability Protocol (CCIP), allowing seamless token transfers of RARE across multiple blockchains, including Base and Ethereum.

NFTs To Watch (24H)

In the NFT market, CryptoPunks remains a powerful player, reaching a volume of 1,718 ETH with 332% increase. Launched in 2017 as a set of 10,000 unique items, CryptoPunks not only pioneered digital collectibles but also inspired the ERC-721 standard. These iconic NFTs have been celebrated in high-profile venues like The New York Times, Christie’s of London, Art Basel Miami, and The PBS NewsHour.

The Bored Ape Yacht Club (BAYC), with a recent volume of 240 ETH and a 30% rise, boasts a floor price of 11.45 ETH. BAYC’s collection of 10,000 digital apes serves as exclusive membership cards, offering access to unique perks, such as THE BATHROOM, a collaborative graffiti board. As part of its growing roadmap, the BAYC community can unlock additional benefits over time.

Azuki, a collection of 10,000 avatars, has surged with an impressive 1,045% volume increase, totaling 210 ETH and a floor price of 4.48 ETH. Azuki avatars provide entry to The Garden, a creative hub where artists, builders, and Web3 enthusiasts come together to drive the decentralized future.

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

Best Regards,
Crypto Recorder Team

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