Crypto Spotlight Weekly: Exposing Winners, Losers, ICO Trends, and Airdrops

Dear Readers,

Today, Bitcoin witnessed a notable decrease, plunging to an intraday minimum of $39,058. The decline in Bitcoin's value is primarily linked to substantial outflows from Bitcoin exchange-traded funds (ETFs). Ethereum (ETH) saw a 7.53% dip in its price, settling at $2,230. Solana observed a 10.04% downturn, reaching a price of $79.74. Concurrently, XRP experienced a 6.08% reduction, concluding at $0.5044.

Highlights Of The Week

• Mt. Gox trustee contacts creditors for identity verification and account confirmation, signaling progress in Bitcoin repayments after the exchange's hack.

• Spot Bitcoin ETFs experience $76 million in net outflows on the seventh day of trading, according to Bloomberg ETF analyst James Seyffart. 

• CoinShares predicts the emergence of a Bitcoin-based stablecoin in 2024, capable of competing in terms of speed and cost with other stablecoins in the market. 

• Coinbase, Paradigm, and Consensys advocate for a revision of proposed crypto mixer transaction reporting requirements by the U.S. Treasury, citing lack of specificity and resource drain. 

• The U.S. House Financial Services Committee pressures Meta to disclose any blockchain or crypto-related plans, citing five active cryptocurrency and blockchain-related trademark applications from 2022. 

• The U.S. Securities and Exchange Commission confirms falling victim to a "SIM swap" attack, leading to a false announcement on Jan. 9 about the approval of spot Bitcoin ETFs. 

• Binance's legal team urges the dismissal of a lawsuit by the SEC, questioning whether specific tokens qualify as securities.

Top Weekly Gainers

Within the tumult of the cryptocurrency realm, acknowledged for its intrinsic volatility, insightful traders showcase a knack for identifying weekly frontrunners laden with promising opportunities for financial growth. Through adopting a proactive mindset and vigilantly tracking market trends and price fluctuations, investors can capitalize on these advantageous moments, potentially overhauling their investment strategies to achieve optimal results.

Shido (SHIDO) has made a noteworthy entry into the weekly crypto gainers, boasting a 53.26% increase in its current price, now standing at $0.00972. With a trading volume of $3.19 million, Shido operates as a Decentralized Layer 1 Blockchain, capitalizing on the transaction speed, infinite scalability, and interoperability offered by the Cosmos platform.

Santos FC Fan Token (SANTOS) has surged by 46.04%, reaching a current price of $4.95 and showcasing a robust trading volume of $29.17 million. As the official fan token of the Santos FC football team, this cryptocurrency represents a unique collaboration between Santos FC and Binance Launchpool.

MANTRA (OM) has also experienced a significant jump of 43.26%, bringing its current price to $0.09513, with a trading volume of $75.44 million. Positioned as a first-of-its-kind, vertically-integrated, and regulatory-compliant blockchain ecosystem, MANTRA's growth underscores the market's recognition of its innovative approach and commitment to compliance.

iExec RLC (RLC) has surged by 41.84%, currently priced at $2.13, and with a substantial trading volume of $81.40 million. Leading the decentralized computing space, iExec offers a blockchain-based market network where individuals can monetize their computing power, applications, and datasets.

API3 (API3) has seen an upward movement of 40.66%, bringing its current price to $2.42, with a trading volume of $81.37 million. API3 aims to enable the construction, management, and monetization of decentralized versions of APIs at scale.

Top Weekly Losers

Amid the ongoing turbulence of the cryptocurrency arena, there is a mix of weekly victors and those facing challenges, all maneuvering through the effects of regulatory shifts, market fluctuations, and negative media scrutiny. Despite the challenges presented by losses, this serves as a crucial juncture for traders and investors to assess their approaches, break down the elements causing setbacks, and make intentional decisions to direct their future investments toward success. In this week's cryptocurrency market, several tokens underwent notable losses.

Neurai (XNA) has experienced a significant downturn in the weekly crypto market, plunging by 33.04% and currently priced at $0.002418, with a trading volume of $1.07 million. Launched on 04/17/2023, the Neurai project, driven by three dedicated electronics specialists with years of experience in IoT projects, seeks to connect their expertise with the blockchain world.

Inspect (INSP) finds itself among the top weekly losers with a decline of 29.88%, currently priced at $0.2076, and a trading volume of $1.98 million. Positioned as a vital component of Web3, Inspect introduces a layer 2 solution designed to enhance user experiences in expansive social ecosystems like X (Twitter).

Snek (SNEK), a deflationary memecoin launched on Cardano, has encountered a decline of 28.06%, currently valued at $0.0008618, with a trading volume of $2.25 million. SNEK holds the title of the Cardano network's highest-traded token, serving as a cohesive influence that unites various elements within the ecosystem.

Sei (SEI), as the first sector-specific Layer 1 blockchain specialized for trading, has faced a decrease of 26.24%, currently priced at $0.5909, with a substantial trading volume of $367.08 million. Sei aims to provide exchanges with an unfair advantage in trading.

Terra Classic (LUNC) has experienced a drop of 26.01%, currently priced at $0.00009354, with a trading volume of $69.78 million. The decline follows Crypto.com's announcement of delisting LUNC, a decision that has negatively impacted its market performance. This event underscores the influence that regulatory and platform decisions can have on the fate of specific cryptocurrencies within the broader market.

Hot ICOs To Watch Out For

Active ICOs

Devomon has emerged onto the cryptocurrency scene with an active ICO that commenced on January 15 and is slated to conclude on January 23. The project, specializing in anime-inspired content, has raised $3,860,000, bringing it close to its fundraising goal of $3,890,000. Devomon distinguishes itself by leveraging blockchain technology to provide gamers with ownership of in-game assets. As the premier anime-inspired brand in the blockchain space, Devomon showcases the innovative intersection between the world of gaming and decentralized technologies.

CodeX, another notable ICO in progress, initiated its sale on January 22 and is set to wrap up on January 24. With a current fundraising amount of $1,360,000 out of its $2,160,000 goal, CodeX offers an all-in-one, no-code Decentralized Application (DApp) development platform. This empowers users to seamlessly create, deploy, and manage complete DApps, including front-end, back-end, and smart contracts, without requiring extensive coding knowledge.

Project Hive, amidst its ongoing ICO that began on January 20 and ends on January 24, has gathered significant attention within the cryptocurrency community. Having raised $1,310,000, Project Hive is making strides towards its fundraising goal of $1,410,000. The project stands out as a Play-to-Earn turn-based RPG, emphasizing Player versus Player (PVP) dynamics, NFT items, a Clan system, and high-quality 3D graphics.

Upcoming ICOs

ZkLink is gearing up for an eagerly anticipated ICO set to commence on January 25 and conclude on the same day, with a fundraising goal of $23,190,000. Positioned as a Multi-Chain Rollup Infrastructure based on Zero-Knowledge Technology, ZkLink introduces a cutting-edge approach to enhance the efficiency and security of blockchain infrastructure.

Oxya Origin is set to make waves in the gaming ecosystem with its ICO scheduled to begin on January 27, and the conclusion date yet to be announced. With a fundraising target of $2,310,000, Oxya Origin envisions crafting a powerful gaming environment that prioritizes engaging gameplay, immersive graphics, and a sustainable, player-owned economy.

Animalia steps into the spotlight with its upcoming ICO starting on January 29, concluding at a later date yet to be disclosed. The project aims to raise $2,660,000 and stands as an independent free-to-play online NFT trading card game. Featuring crypto-inspired meme creatures and gemstones, Animalia seeks to bring a creative twist to the blockchain gaming arena.

Ended ICOs

NinjaRoll, which initiated its sale on January 19 and concluded on January 21, raised the entirety of its $200,000 fundraising goal. Operating as a decentralized gaming platform built on Injective, NinjaRoll showcases the potential of blockchain technology in revolutionizing the gaming industry.

Subsquid Network recently completed its ICO, which started on January 18 and ended on January 19, surpassing its fundraising goal with a total of $8,830,000. Positioned as an innovative decentralized data lake and query engine, Subsquid Network seeks to provide developers with efficient and permissionless access to data.

Sociapol, having started its ICO on January 13 and concluded on January 18, achieved its fundraising goal of $710,000. Operating as a VR-PC-Mobile cross-platform socializing, gaming, and collaboration space, SociaPol explores the intersection of virtual reality, gaming, and social interaction.

Hottest Airdrops

Masa

• Go to the Masa airdrop page.

• Provide your details and click "Get more info" to register.

• Accomplish easy social tasks to earn your MASA Airdrop Badge.

• Receive complimentary MASA tokens upon the Masa network launch.

• Earn 10 MASA for each successful referral.

• The top 100 referrers may receive up to 100,000 MASA each.

Script Network

• Go to Script Network's website.

• Sign up and connect your wallet.

• Use referral code "CcjSLXNcXV."

• Verify your email.

• Watch 60 mins of TV, then claim rewards on your dashboard.

• Earn points for referrals.

• Follow Medium article for testnet tasks.

• Set up a node as per the Whitepaper.

• Complete Zealy quests.

• Collect a BearX Labs NFT.

• Accumulate points for tasks.

• Points convert to SPAY tokens at launch.

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

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. I'll get back to you asap!