Crypto Trends: Weekly Market Analysis, Top Coins, and NFT Newsflash

Dear Readers,

Cryptocurrency prices took a hit on Thursday as investors braced for the release of US inflation figures for September. Bitcoin led the decline, dropping by 2.61% to $60,831. Ethereum followed suit, falling 2.18% to $2,395. Other altcoins, including Solana, Dogecoin, and Toncoin, also experienced similar price drops. This downward trend is likely linked to the anticipated selloffs associated with the PlusToken scam. As a result, the overall cryptocurrency market capitalization shrank by 1.94% in the past 24 hours, reaching $2.13 trillion.

Highlights of The Week

• Cardano launches its first legally enforceable smart contract, governed by Argentina’s courts, allowing full payment in ADA.

• Crypto investigator ZachXBT uncovers 11 wallets linked to memecoin advocate Murad Mahmudov, holding over $24 million in Ethereum and Solana tokens.

• Retail crypto ownership has surged since 2020, says the Board of the International Organization of Securities Commissions (IOSCO), emphasizing the need for greater investor education in the space. 

• SEC charges three market makers and associated individuals with fraud and market manipulation; the DOJ and FBI are also involved in the investigation.

• FTX investors have dropped their proposed class-action lawsuit against the U.S. law firm Sullivan & Cromwell.

Crypto Fear & Greed Index

In the most recent update of the Crypto Fear & Greed Index, the current sentiment has shifted to a Fear level of 39, a notable change from the Neutral position of 49 observed just yesterday. This shift highlights the cautious mood among investors as they navigate the complexities of the market. Traders are particularly attentive to upcoming US economic data, which is anticipated to play a crucial role in shaping market dynamics. Given the current high volatility, this information could either alleviate concerns or intensify fear, prompting shifts in investor sentiment.

ATH Coins

Achieving an all-time high (ATH) signals exceptional performance and increasing interest in a cryptocurrency. Despite this, market volatility continues to play a significant role. Therefore, thorough research is crucial before investing in coins at their ATH. Explore the latest leading cryptocurrencies that have recently reached ATH levels.

Mini (MINI) reached its all-time high (ATH) of $0.066 today, with a current price of $0.059 and a trading volume of $12.22 million. Mini thrives as a vibrant, inclusive community where shared content creation and discussions drive project growth. The ever-expanding community strengthens the project’s development, founded on collective effort and mutual support.

Skibidi Toilet (SKBDI) achieved an ATH of $0.64 today and currently stands at $0.56, with $5.5 million in trading volume. Inspired by the viral "Skibidi Toilet" phenomenon, Skibidi is a Solana memecoin that merges humor with blockchain technology, creating a fun and engaging community-driven project.

Sigma (SIGMA) reached its ATH of $0.088 yesterday and is now priced at $0.073 with a trading volume of $21.46 million. Sigma is a crypto asset built around a community of like-minded individuals, driven by shared goals and interests. The project’s name reflects its focus on creating a chain-based community that resonates with internet culture.

Gigachad (GIGA) saw its ATH of $0.053 on October 9, 2024, and currently trades at $0.048 with a volume of $6.14 million. This coin draws its appeal from the popular Gigachad meme, with a strong social media presence led by Ernest Khalimov, the model behind the iconic image, boosting its popularity on platforms like Instagram.

Top Movers (24H)

The increasing recognition of the cryptocurrency market as a legitimate investment option has led previous skeptics to enthusiastically include digital assets in their portfolios. At the same time, experienced crypto investors are expanding their holdings, contributing to substantial price surges in several cryptocurrencies over the past 24 hours. Below is an overview of some major cryptocurrencies that have recently experienced notable price gains.

Prosper (PROS) has made headlines with a surge of 61.89%, currently priced at $0.4676. This impressive spike comes on the heels of Animoca Brands, a well-known player in the blockchain and gaming software space, announcing its intention to purchase more of Prosper’s native token. With a trading volume of $76.27 million, Prosper is clearly capturing the attention of investors.

Silly Dragon (SILLY) has also shown significant movement, soaring 51.76% to a current price of $0.0134. This playful character, deeply embedded in the Solana ecosystem, adds a refreshing narrative to the crypto landscape. With a trading volume of $9.45 million, Silly Dragon is quickly becoming a favorite among traders.

In the memecoin arena, ETHEREUM IS GOOD (EBULL) is making waves, up 48.64% and priced at $0.000961. This token aims to reignite interest in Ethereum's legacy within the memecoin community, underscoring the chain's historical significance. The current trading volume stands at $4.50 million, reflecting a growing enthusiasm among investors.

Another notable mover is Sad Hamster (HAMMY), currently trading at $0.02918, which reflects a 39.88% increase. This token, inspired by the viral Sad Hamster meme from TikTok, has garnered a dedicated community of memers striving to push $Hammy to the ambitious goal of reaching $1. With a trading volume of $1.96 million, it’s clear that the meme culture is alive and well in the crypto space.

Lastly, Choise.ai (CHO) has jumped 28.17% to a current price of $0.02728. As an enterprise crypto ecosystem, Choise.ai offers solutions to over 1 million users and more than 50 banks, fintechs, and startups worldwide, effectively bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi). The current trading volume is $4.09 million, highlighting its growing importance in the industry.

Non-Fungible Tokens – Developments

• Hyundai recently showcased the success of its NFT initiative by allowing an NFT holder to trade their digital asset for a physical product—a new 2025 Hyundai Santa Cruz.

• In an exciting blend of art and technology, five student projects from the University of The Bahamas have emerged as pioneering NFT creations, showcasing the potential of combining blockchain technology with artistic expression in the digital art landscape.

• Meanwhile, Ubisoft has partnered with Magic Eden to introduce its new web3 game, Captain Laserhawk: The G.A.M.E.

NFTs To Watch (24H)

Memeland Captainz leads the pack with a trading volume of 53.12 ETH, marking a 231% increase. The collection's floor price currently sits at 2.5 ETH, with 24 sales. These 9,999 pirate-themed Captainz and their crewz continue to explore the Broken Seas in pursuit of the legendary "Memeland" treasure.

Next up is Rektguy, boasting a 691% surge in volume, reaching 50.57 ETH. With a floor price of 0.74 ETH and 76 sales, this collection has captivated the community. Rektguy, born from the artistic vision of former trader turned digital artist OSF, was co-created with Mando and AlienQueen.

Finally, Mocaverse, the Animoca Brands membership NFT collection, has also made its mark. With a trading volume of 20.83 ETH (a 174% increase), a floor price of 1.5 ETH, and 14 sales, the 8,888 Mocas—spanning five distinct tribes (Angels, Builders, Dreamers, Connectors, and Neo-Capitalists)—continue to unite and thrive.

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

Best Regards,
Crypto Recorder Team

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