The Crypto Week in Review: Top Gainers, Losers, ICOs & Upcoming Airdrops

Dear Readers,

Fueled by a confluence of market forces and renewed speculation about Donald Trump's presidential aspirations, Bitcoin surpassed the $63,000 threshold on Tuesday, a feat unseen in over two weeks. The former president, a vocal advocate for cryptocurrency, witnessed a surge in his projected victory due to a recent assassination attempt. The Ethereum (ETH) market also saw gains, with its price rising 1.03% to $3,380 in the last 24 hours.

Highlights Of The Week

• Binance-founded BNB Chain has introduced opBNB, a new layer-2 chain to address its scalability challenge, now launched as a testnet.

• The Mt. Gox cold wallet moved 47,229 Bitcoin worth almost $3 billion to an unknown address; Mt. Gox still holds 138,985 Bitcoin worth around $8.75 billion.

• Investment firm Metaplanet purchased another 21.88 Bitcoin worth over $1.2 million amid the recent Bitcoin rally, driving prices close to $65,000. 

• The US SEC has reportedly given preliminary approval to at least three asset managers for their spot Ether exchange-traded funds, possibly starting trading next Tuesday.

• Coinbase has shifted tactics in its effort to subpoena SEC Chair Gary Gensler, now seeking his private communications only while serving as Chair.

• Plaintiffs in a class-action lawsuit against Tether and Bitfinex filed an amended complaint accusing the companies of manipulating crypto prices through a deceptive scheme involving USDT.

Top Weekly Gainers

Within the rapidly shifting and naturally volatile cryptocurrency sector, astute traders have a talent for discovering Weekly Winners rich with potential for financial growth. By staying engaged and vigilantly tracking market trends and price changes, investors can capitalize on these prime opportunities, potentially transforming their investment strategies for the best possible outcomes.

Mdex (MDX) is the star performer this week, surging a whopping 161.23% over the last 7 days. This AMM decentralized exchange stands out by operating on both Ethereum and Huobi Eco Chain networks, allowing it to tap into liquidity from a wider crypto ecosystem. Currently priced at $0.06249, Mdex is backed by a daily trading volume of $28.07 million.

Undeads Games (UDS) has risen from the ranks of the undead to become a top gainer this week. This multi-genre gaming company, established in early 2022, aims to bring exciting and feature-rich experiences to the crypto space. The price of UDS has soared 77.91% in just the last week, reaching $1.46. While the daily volume sits at $6.07 million, Undeads Games is poised to grow its player base and value.

BarnBridge (BOND) has seen a significant jump of 62.17% over the past week. Currently priced at $2.04, BOND offers a unique DeFi solution. By using BarnBridge, users can create tradable tokens that expose them to market volatility in a controlled way. Though launched in March 2021, BarnBridge is still considered to be in its early stages, suggesting there's room for further growth.

Velodrome Finance (VELO) enters the scene as another top gainer this week. VELO is an AMM designed to be the central hub for trading and liquidity on the Optimism Network. Considered the next evolution of the Solidly Exchange model, VELO has grown 46.78% in just the last 7 days. With a current price of $0.09832, VELO is backed by a daily volume of $17.58 million.

Rounding out the top gainers this week is MANTRA (OM). This project focuses on security-first real-world asset (RWA) functionality. By operating on its own Layer 1 blockchain, MANTRA is capable of adhering to and enforcing real-world regulatory requirements. Over the past week, the price of OM has grown by 38.71%, reaching $1.27. With a daily trading volume of $80.78 million, MANTRA is making a strong case for itself in the DeFi space.

Top Weekly Losers

The ever-evolving cryptocurrency sphere uncovers weekly tales of both success and adversity. Participants navigate regulatory changes, market uncertainty, and undue media attention, arriving at a crucial juncture. Despite these setbacks, this week provides traders and investors with an essential opportunity to reassess strategies and forge a path toward success.

The cryptocurrency market has been hit hard this past week, with several tokens experiencing significant price drops. DOSE, a gamified fitness ecosystem token, took the biggest tumble, plummeting a staggering -68.63% over the last seven days. Its price currently sits at $0.0004468, with trading volume at a meager $4.63 million.

While not quite as severe, WAT, a meme-inspired cryptocurrency, also suffered a heavy blow, dropping -38.80% in the last week. Its current price is $0.00003682, with a trading volume of $5.16 million.

Even established players in the crypto space weren't spared. GAMEE, a popular play-and-own mobile gaming platform token, saw its price decline by -38.57% over the past week. It's currently trading at $0.02472, with a trading volume of $1.69 million.

Meme coins also weren't immune to the downturn. Hoppy, another meme coin with a colorful backstory, dipped -31.30% in the last seven days. Its current price is $0.0001128, with a trading volume of $5.63 million.

Rounding out the list of losers is Galaxis, a utility token. Though it fared better than the others, Galaxis still fell -26.29% over the past week. Its current price is $0.005653, with a trading volume of $1.97 million.

Hot ICOs To Watch

Active ICOs

WienerAI is currently conducting a presale. Their user-friendly AI interface leverages predictive technology to help users scour the cryptocurrency market and identify promising investment opportunities. The presale commenced on July 1st and concludes at the end of the month. Thus far, they've raised $7.23 million in a single funding round.

Symbiotic, a project focused on decentralized network security, is also running a point farming sale. Their sale began on June 11th and has garnered $5.8 million across two rounds of funding.

Dabcat, the native token of The Dabcat Ecosystem built on Base, is in the midst of a presale. The Dabcat Ecosystem is a comprehensive suite of DeFi tools that prioritizes security, enhances trading experiences, and incentivizes user participation through rewards. Their presale commenced on June 3rd and has secured $44,000 in its first round.

Upcoming ICOs

Waterfall Protocol, a high-scalable smart contract platform for building decentralized applications (dApps) and financial services, is gearing up for its Token Generation Event (TGE) on July 17th, 2024.  This distributed protocol leverages Directed Acyclic Graphs (DAGs) and a fast finality Proof-of-Stake (PoS) consensus mechanism. Waterfall has previously raised $2 million across two funding rounds.

Ethora, a decentralized options trading platform, is set to conduct an Initial DEX Offering (IDO) on Spores.  Their sale kicks off on July 25th and concludes on July 27th. Ethora is aiming to raise $150,000 through this offering.

Tanuki

Tanuki Launchpad, the first platform to offer support for a vast array of blockchains including Solana, SUI, SEI, Metis, ADA, AVAX, and more, will be conducting an IDO on KingdomStarter. The sale window opens on July 22nd and closes on July 23rd. Tanuki Launchpad has set a fundraising goal of $150,000.

Ended ICOs

zkSync is a trustless protocol designed to enable scalable and low-cost payments on the Ethereum blockchain. This is achieved through the utilization of zkRollup technology. Their Initial Coin Offering (ICO) concluded successfully on July 16, 2024, having raised an impressive $458 million across seven funding rounds.

Zeta Markets is building a revolutionary crypto perpetuals exchange powered by Solana. Their platform offers the perfect blend of features: users experience the speed and convenience of a centralized exchange while retaining full control and transparency over their assets through the underlying public blockchain network (Solana). Their ICO wrapped up on July 4, 2024, securing $13.5 million in funding across three rounds.

Promodex

Promodex recently concluded its Token Generation Event (TGE) on July 3, 2024. The ICO raised $918,000 throughout eight funding rounds. Promodex is a blockchain-based marketplace that connects campaigners with promoters for programmatic promotions.

Hottest Airdrops

Kroma

• Visit the Spectrum Kroma airdrop page.

• Connect your wallet.

• Earn KSP by using spETH-integrated DeFi services and games on Kroma.

• Accumulate other points: EigenLayer, WEMIX.e airdrop, ether.fi loyalty points, KRO allocations, and Kroma Spectrum points.

• KSP is awarded based on your contributions to the Spectrum ecosystem.

• Exchange points for KRO tokens.

• Refer friends to earn more points.

• Get a referral link by holding at least 0.001 ETH on Kroma or owning Kroma Quest Master or Guardian House NFTs.

Catalyst

• Go to the Catalyst website.

• Link your wallet.

• Switch to the OP mainnet and sign the message.

• Trade and add liquidity to earn free eggs.

• Generate a referral link and invite friends to earn additional eggs.

• Catalyst currently does not have its own token, but a future release is expected.

• Users who gather eggs might get an airdrop if the token is launched.

• For more information on the reward system, check the official guide.

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

Best Regards,
Crypto Recorder Team

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