Crypto Weekly: Market Swings Amidst Fear & Greed, ATH Coins Shine

Dear Readers,

Cryptocurrency prices were up and down on Thursday. Major coins like Bitcoin, Ethereum, Solana, Dogecoin, and Avalanche fell as much as 2%. On the other hand, tokens like BNB, XRP, Toncoin, Cardano, Tron, Litecoin, and Chainlink gained up to 4%. Overall, the global cryptocurrency market cap dipped 0.91% to roughly $2.27 trillion in the last day. Bitcoin dipped 1.60% to $61,370, and Ethereum fell below $3,000.

Highlights Of The Week

• Crypto enthusiasts eye the SocialFi sector for the next big trend despite challenges

• Optimism aims to enhance blockchain throughput with layer-3 applications on the OP Stack

• US House passes bill to overturn SEC guidance on bank-owned crypto, potential veto by President Biden looms

• National Bank of Rwanda seeks public input on retail CBDC feasibility study

• US House introduces bill to ban cryptocurrency mixers for two years

• Nexo allocates $12.5 million worth of tokens to users

• Coincheck and Thunder Bridge Capital file registration for merger and Nasdaq listing

• Tether invests in CityPay.io for cryptocurrency payment platform expansion

• Sophon secures $60 million for entertainment-focused AI and gaming ecosystem

• Chainalysis relocates regional headquarters to Dubai for closer collaboration with local government

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently sits at 55, indicating a market sentiment of Greed. This is a slight dip from yesterday's score of 64, perhaps reflecting growing concerns over potential regulation in the US and lingering uncertainty surrounding Federal Reserve interest rate decisions. Despite these headwinds, the overall mood remains optimistic, suggesting investors are still comfortable holding their digital assets.

ATH coins

Surpassing its all-time high (ATH) is a milestone that marks a cryptocurrency's prominence, showcasing a remarkable surge in demand. Yet, volatility remains an inherent feature of this dynamic market. Conducting comprehensive research is imperative before delving into investments in ATH coins. Here are a few noteworthy recent performers attaining ATH milestones.

WORLD PEACE PROJECT (TRUCE) token is celebrating a new all-time high (ATH) today! This social experiment token, built on the Arbitrum scaling solution for Ethereum, reached a price of $0.00006786. TRUCE is a decentralized and anonymous project aiming to promote peace through its social features. With a current price of $0.00005079 and a trading volume of $310,513.58, TRUCE is off slightly from its peak but still riding high.

Challenge (CT) is disrupting the esports scene! The CT token hit a new ATH of $0.01493 today. This project aims to decentralize esports, allowing players to compete in their favorite games and connect with others in a more democratic way.  CT is currently trading at $0.01058 with a daily volume of $307,802.77.

Prime Numbers Labs Ecosystem (PRNT) is making waves in the DeFi space! The PRNT token reached a new all-time high of $3.85 today. This project combines various DeFi services like lending, borrowing, NFT marketplaces, and staking into a single rewarding ecosystem. PRNT is currently trading at $3.76 with a daily volume of $695,026.

Joining the ranks of all-time high achievers today is Chuck (CHUCK), a community-driven meme coin with a heart for dogs! The CHUCK token reached a new peak of $0.02393. This project stands out in the meme coin crowd by focusing its charitable efforts on supporting dog charities within the BASE ecosystem.  Currently, CHUCK is trading at $0.02212 with a daily volume of $716,152.70.

While not reaching a new high today, PacMoon (PAC) is still worth celebrating! The community coin of Blast achieved its all-time high of $0.2056 yesterday. PacMoon plays a vital role within the Blast ecosystem, fostering a strong community connection.  Today, PAC is trading at $0.1897 with a daily volume of $4.11 million.

Top Movers (24H)

With the cryptocurrency market consistently demonstrating its potential as a viable investment platform, individuals who were once hesitant are now enthusiastically integrating it into their investment strategies, broadening their portfolios with a variety of digital assets. Furthermore, established crypto investors are strengthening their positions, leading to significant price upswings in various cryptocurrencies over the past 24 hours. Let's explore some familiar cryptocurrencies that have recently seen remarkable price increases.

Celsius (CEL) has emerged as a frontrunner with a staggering 67.94% price increase over the past 24 hours. This rally is primarily attributed to a recent token burn implemented by Celsius, and coincides with broader positive market trends, further fueling investor optimism for CEL. The current price of CEL sits at $0.9223, with a trading volume of $106.70 million in the last day.

Frontier (FRONT), a project aiming to revolutionize DeFi by offering cross-chain support, has also seen impressive gains. FRONT's price surged 38.76% within a day, currently reaching $1.71. This chain-agnostic decentralized finance (DeFi) aggregator aspires to integrate DeFi functionalities across various blockchains, including BandChain, Ethereum, Binance Smart Chain, and Harmony. The trading volume for FRONT sits at $390.34 million in the last 24 hours.

The gaming world is joining the crypto rally with Rainmaker Games (RAIN). RAIN, the token powering the Rainmaker Games platform, has experienced a 32.54% price increase over the past day. Currently priced at $0.002416, RAIN facilitates a free global platform where gamers can access hundreds of games, fostering connections between gamers, games, and creators worldwide. The trading volume for RAIN in the last 24 hours is $3.1 million.

UMA (UMA), a decentralized finance protocol established in 2018 by Allison Lu and Hart Lambur, both veterans of Goldman Sachs, has witnessed a 30.35% price surge in the last 24 hours. Founded with the goal of creating a universally fair, accessible, secure, and decentralized global market, UMA's token currently sits at $3.33, with a trading volume of $244.26 million in the last day.

Even Ampleforth (AMPL), an Ethereum-based cryptocurrency known for its algorithmically adjusted elastic supply, is not excluded from the gains. AMPL's price climbed 19.92% within the last 24 hours, reaching $1.31. The trading volume for AMPL in the last day is $4.56 million.

Non-Fungible Tokens – Developments

• Cristiano Ronaldo's motion to dismiss $1 billion class action lawsuit denied over NFT promotion on Binance.

• zbyte collaborates with Doha Design District for NFT-based ticketing system at TEFFA AI Revolution event.

• NFTBank launches NFTBank V2 with enhanced investment management features, including asset control.

NFTs To Watch (24H)

Persona, a collection of 8,875 unique NFTs launched on the Ethereum blockchain in February 2024, has experienced a surge in trading activity over the past 24 hours. Its trading volume skyrocketed by 414%, reaching 157 ETH. This significant rise in interest, with a total of 767 sales recorded, has made Persona a hot topic within the NFT community. Additionally, Persona offers a relatively affordable entry point for new collectors, with a current floor price of only 0.2 ETH.

The well-established Bored Ape Yacht Club collection continues to be a major player in the NFT space. Over the past day, its trading volume witnessed a solid increase of 56%, reaching a total of 691 ETH. This sustained popularity, despite only seeing 47 sales in the last 24 hours, demonstrates the enduring appeal of the Bored Ape Yacht Club. However, the price of entry for this collection is significantly higher compared to Persona. The floor price for a Bored Ape NFT currently sits at a hefty 14.99 ETH.

The Mutant Ape Yacht Club, a collection with ties to the prestigious Bored Ape Yacht Club, has also seen a noteworthy rise in trading activity. Its volume climbed by 31% within the last 24 hours, reaching 432 ETH. This collection offers an alternative route into the Bored Ape universe, with Mutant Apes obtainable through exposing existing Bored Apes to a specific in-game item or by participating in a public sale. The current floor price for a Mutant Ape NFT rests at 2.885 ETH, with 151 sales recorded in the last day.

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

Best Regards,
Crypto Recorder Team

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