Crypto Weekly Highlights: Fear & Greed, ATH Achievements, Market Shifts, and NFTs

Dear Readers,

Bitcoin gained on Thursday, building on its overnight gains as investor sentiment improved following the Federal Reserve's decision to keep its rate cut projections intact and avoid significant changes amid growing economic uncertainty. XRP stood out in the crypto market, hovering near a two-week high after the SEC dropped its ongoing lawsuit against Ripple, the token's issuer.

Bitcoin saw a 3.14% increase, reaching $85,981.50. Other altcoins also saw gains, with Ether rising 3.87% to $2,012, Cardano up 2.78%, Solana climbing 6.33%, and Polygon advancing by 2.7%.

Highlights Of The Week

• Dubai government has launched the pilot phase of a project to convert real estate assets into digital tokens on the blockchain.

• Pakistan is working on developing a legal framework for cryptocurrency to attract international investors.

• Crypto exchange Bitnomial has voluntarily dismissed its lawsuit against the US Securities and Exchange Commission ahead of launching Ripple XRP futures in the US.

• Crypto exchange Kraken is nearing a $1.5 billion acquisition of trading platform NinjaTrader, expanding its customer base and crypto futures offerings in the US.

• Crypto custody and trading firm Bakkt Holdings has appointed a new co-CEO and is cutting some services to focus on its crypto offerings after losing two major clients.

• Volatility Shares is launching two Solana futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently stands at a Neutral level of 49, reflecting a shift in market sentiment. Yesterday, the index was in the Fear zone at 32, highlighting a more cautious outlook. This change can be attributed to a significant boost in the crypto market following the Federal Reserve's decision to keep interest rates unchanged, coupled with the indication of two rate cuts later this year. Additionally, the pause in quantitative tightening has further strengthened investor confidence, contributing to the improved sentiment in the market.

ATH Coins

An all-time high (ATH) indicates a cryptocurrency’s peak value, which often reflects greater market interest. Still, the potential for market fluctuations should be carefully considered. It’s important to do comprehensive research before investing in coins at their ATH. Check out some of the standout cryptocurrencies that have recently reached ATH milestones.

Tutorial (TUT) has surged to an ATH of $0.06043. Currently, the price sits at $0.05130 with a trading volume of $122.82 million. This AI-driven platform serves as an invaluable tool for those looking to navigate the complexities of blockchain technology, cryptocurrency, and the BNB chain ecosystem. By offering an accessible learning experience, Tutorial is empowering users to engage more deeply with the digital finance world.

Not far behind in terms of growth is Saros (SAROS), which also achieved an ATH of $0.0511 today. Although the current price is slightly lower at $0.04866, with a volume of $1.01 million, Saros has evolved significantly from its origins as a decentralized exchange (DEX) on the Solana blockchain. The platform has evolved into a full Web3 experience, with ID management, DePIN, and integrated payments to improve the Solana ecosystem.

Meanwhile, Plume (PLUME) is making waves with its ATH of $0.2475 today. With a current price of $0.2189 and a volume of $102.31 million, Plume Network stands at the forefront of real-world asset (RWA) integration. As the first Layer 1 (L1) RWA chain built specifically for RWAfi, Plume is accelerating the adoption of real-world assets in the blockchain space, offering a crucial bridge between traditional finance and decentralized technologies.

In the realm of Shariah-compliant financial solutions, Comtech Gold (CGO) has reached an ATH of $98.30 today, with a current price of $97.91 and a volume of $375.05K. ComTech is setting a precedent as the first fully Shariah-compliant token, providing a unique investment opportunity for those seeking ethical financial solutions in the cryptocurrency market.

Finally, Pell Network (PELL) has recorded an ATH of $0.01827, with a current price of $0.01635 and a trading volume of $9.21 million. Pell Network is driving innovation in the Bitcoin ecosystem by utilizing BTC restaking to enhance Bitcoin’s financial ecosystem (BTCFi). This strategic development unlocks Bitcoin’s full security potential, positioning Pell to play a key role in the future of decentralized finance.

Top Movers (24H)

With growing acceptance of cryptocurrency as a viable investment, former doubters are now joining the trend, broadening their portfolios with different digital assets. Seasoned investors are also increasing their holdings, which has led to notable price increases in multiple cryptocurrencies over the last day. Let’s dive into some cryptocurrencies that have seen impressive price surges lately.

Gems (GEMS) leads the pack with a 82.91% surge in the last 24 hours, pushing its price to $0.04393. This surge has been fueled by a trading volume of $6.4 million, signaling a rising interest in its platform. Gems is a blockchain launchpad, offering a unique opportunity for projects to raise funds through private token sales, making it a key player in the fundraising space.

Close behind, KYVE Network (KYVE) has also posted a substantial gain of 77.22%, bringing its value to $0.02045. With a trading volume of $1.32 million, KYVE is continuing to gain traction as it simplifies the process of decentralized data validation, ensuring immutability and facilitating efficient data retrieval. The platform’s innovation is making decentralized data more accessible and reliable for a variety of use cases.

Not far behind, Artificial Liquid Intelligence (ALI) has seen a rise of 62.83%, with its price reaching $0.009014. The token has experienced a trading volume of $4.63 million, highlighting growing interest in its unique proposition. ALI utilizes the power of AI, combining it with blockchain technology through its ERC-20 token to fuel the ALI Protocol and its decentralized applications (dApps).

On the reward systems front, Pluton (PLU) has made waves with a solid 43.54% price increase, now priced at $1.00. With a trading volume of $3.62 million, Pluton is reshaping loyalty programs. As a decentralized loyalty rewards token, it is challenging traditional reward systems by offering businesses and users greater flexibility, transparency, and control in their loyalty programs.

Lastly, BugsCoin (BGSC) has captured attention with a 36.06% increase in value, bringing its price to $0.005696. The token has seen substantial trading activity, with a volume of $19.98 million. Built on the Binance Smart Chain (BSC), BugsCoin leverages blockchain technology to address key challenges, positioning itself as a promising asset in the blockchain ecosystem.

Non-Fungible Tokens – Developments

• Colle AI (COLLE) expands its integration with Grok AI to automate NFT transactions and royalties, enhancing efficiency, accuracy, and transparency across multiple blockchains.

• Planetarium Labs launches the highly anticipated Immortal Statue NFT Collection for Immortal Rising 2, offering exclusive NFTs, premium in-game benefits, token airdrops, and legendary status. 

• Punkvism announces the upcoming launch of its new NFT project, Punky Society, aiming to bring K-NFTs to the global stage.

NFTs To Watch (24H)

The NFT market has been buzzing recently, and here are some of the top collections to keep an eye on over the past 24 hours.

First up is Bored Ape Yacht Club, which has seen an impressive surge in activity, with a volume of 102 ETH and a 685% increase in volume. This collection of 10,000 unique Bored Ape NFTs, each residing on the Ethereum blockchain, remains one of the most sought-after digital collectibles. Despite only 8 sales in the last 24 hours, its floor price stands strong at 12.6432 ETH, reflecting its high demand and exclusivity.

Next, Pudgy Penguins is making waves with a volume of 102 ETH, marking an 87% increase in sales. This collection of 8,888 NFTs is known for its focus on accelerating Web3 innovation through strong IP utilization and community-driven initiatives. With 11 sales recently and a floor price of 9.89 ETH, Pudgy Penguins continues to capture attention for its unique approach to the NFT space.

Lastly, Doodles has also seen significant movement, with a volume of 86.25 ETH and a 257% increase in activity. This collection, featuring 10,000 vibrant characters created by renowned artist Burnt Toast, is a staple in the NFT community. In the last 24 hours, 28 sales took place, and the floor price currently sits at 3.21 ETH, reflecting its growing popularity and artistic appeal.

Best Regards,
Crypto Recorder Team

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