Crypto Weekly Recap: Big Market Shifts, Fear & Greed, ATH Coins & NFT Buzz

Dear Readers,

On Thursday, February 6th, Bitcoin (BTC) and other major cryptocurrencies experienced mixed performance. While tokens like XRP, Solana, Dogecoin, Sui, Stellar, and Hedera dropped by as much as 2.5%, Bitcoin, Ethereum, BNB, Cardano, Tron, Toncoin, and Litecoin saw increases, with some rising by up to 4%. Bitcoin is currently up 1.29%, trading at $98,732, and Ethereum has jumped by over 3.27%, reaching $2,852. Additionally, the global cryptocurrency market cap grew by 1.02%, reaching approximately $3.23 trillion over the last 24 hours.

Highlights Of The Week

• Kraken co-founder Jesse Powell sues a high-priced apartment building’s co-op, alleging discrimination due to his crypto industry ties.

• Swedish crypto asset manager Virtune launches new crypto exchange-traded products (ETPs) in Finland, offering exposure to Avalanche and Cardano.

• Tether, the world’s largest stablecoin issuer, expands into artificial intelligence with several AI applications in development.

• TIGER 21 allocates up to $6 billion worth of crypto into its $200 billion portfolio, according to the network’s founder and chairman.

• MicroStrategy rebrands to “Strategy” and adopts a Bitcoin-themed visual marketing scheme.

• BlackRock prepares to launch a Bitcoin exchange-traded product (ETP) in Europe, as reported by Bloomberg.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently stands at a Neutral rating of 49, showing a slight dip from yesterday's Neutral score of 54. This change comes amid escalating trade tensions between the U.S. and China, which have put considerable pressure on the cryptocurrency market. These global trade issues seem to be affecting investor sentiment, contributing to the current state of caution in the market.

ATH Coins

Achieving an all-time high (ATH) represents a cryptocurrency's peak in both success and market attention. Still, market volatility remains a major factor to keep in mind. Thorough research is crucial before deciding to invest in coins at their ATH. Check out some of the latest high performers that have achieved ATH milestones.

Memdex100 (MEMDEX) reached its all-time high (ATH) price of $0.05807 today. Currently, the price stands at $0.0534, with a trading volume of $9.61M. Memdex100 is a meme coin created by the people, for the people. It was launched in response to frustrations with traditional financial markets, particularly hedge funds and stocks.

Fartboy ($FARTBOY) also reached its ATH price today, hitting $0.09361. As of now, the price is slightly lower at $0.09198, with a trading volume of $11.46M. FARTBOY is a community-driven project, with a team led by a Chief Technology Officer (CTO) and supported by a vibrant community of over 100,000 people.

AI Companions (AIC) saw its ATH price of $0.5478 yesterday. Today, the price has adjusted to $0.4249, with a trading volume of $15.01M. AI Companions is pioneering the next generation of digital relationships, blending Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and blockchain technologies.

Fasttoken (FTN) reached its ATH price of $3.94 yesterday, and currently, it remains strong at $3.93, with a trading volume of $50.27M. FTN is the native currency of the Bahamut blockchain, a public EVM-based Layer 1 solution. What sets it apart is its unique consensus mechanism, called Proof of Stake and Activity, which ensures security and scalability for the blockchain while maintaining decentralization.

Lastly, Alpha (ALPHA) achieved its ATH price of $0.2248 on February 04, 2024. Currently, it is priced at $0.07755, with a trading volume of $44.46M. ALPHA symbolizes more than just dominance; it represents true strength, leadership, and integrity. The project stands as a beacon of resilience and embodies the "GIGA Chad" mentality in the crypto space, inspiring confidence among its supporters.

Top Movers (24H)

As cryptocurrency continues to establish itself as a serious investment, former critics are now actively adopting it, diversifying their portfolios with various digital currencies. Experienced investors are also strengthening their positions, driving notable price increases in several cryptocurrencies over the past day. Here are some prominent cryptocurrencies that have experienced significant price advancements.

In the last 24 hours, MiraclePlay (MPT) has experienced 75.25% surge, bringing its price to $0.04075. This blockchain-powered e-sports platform continues to capture the spotlight, offering users the ability to host and join tournaments on their preferred blockchain networks. It saw a trading volume of $3.56 million.

Galaxis (GALAXIS) has also posted impressive gains, soaring 76.23% in just 24 hours to reach a price of $0.0006649. This no-code Web3 platform is empowering creators and communities by enabling them to take ownership and build in the decentralized world. Galaxis, with $1.01 million in trading volume, is emerging as a Web3 leader, attracting digital innovators.

Kappa (KAPPA) is another standout performer, gaining 44.59% in the last 24 hours, now priced at $0.04469. Positioned at the forefront of General Artificial Intelligence (AGI), Kappa is a self-evolving AI agent that pushes the boundaries of what's possible with machine learning. With $11.55 million in trading volume, this project is capturing attention in both AI and crypto, signaling its potential to reshape tech's future.

Brainlet (BRAINLET), a Solana-based memecoin, has seen a strong uptick of 31.32% in the past 24 hours, bringing its price to $0.003091. Combining the humor and culture of internet memes with the principles of decentralized finance, Brainlet is quickly gaining traction as a fun yet innovative asset within the crypto space. With a trading volume of $1.01 million, it's clear that this lighthearted token is finding its place among more serious projects.

Orion (ORN) has experienced a solid 19.29% increase in the past 24 hours, reaching a price of $0.9951. This DeFi platform is revolutionizing the way users access liquidity, seamlessly combining centralized and decentralized exchanges to provide the best asset prices available. With $3.34 million in trading volume, Orion is gaining prominence as a trusted DeFi platform for optimized trading.

Non-Fungible Tokens – Developments

• Ethereum layer-2 project MegaETH opts out of airdrop farming frenzy and launches The Fluffle NFT collection, offering ownership stakes to network participants.

• NFT infrastructure provider Reservoir raises $14 million to expand its services to new marketplaces, supporting Coinbase, MetaMask, and Magic Eden.

• The Gigaverse ROM NFT collection sells out all 6,900 NFTs in 10 minutes, generating $1 million, and introduces the "Chad Cartridge" reward for early buyers.

NFTs To Watch (24H)

Bit Bears by Berachain is a collection of 2,288 unique pixelated bears, launched in August 2022 on the Ethereum blockchain. The collection has seen an impressive 1108% surge in trading volume, reaching 839 ETH in the past 24 hours. Alongside this massive growth, the floor price has increased to 7.09 ETH with 118 sales recorded.

Azuki, a collection of 10,000 avatars, offers its holders exclusive membership access to The Garden, a digital space where artists, builders, and Web3 enthusiasts come together to shape the future of decentralized technology. Over the past 24 hours, Azuki has experienced a 55% increase in trading volume, now reaching 471 ETH. With a floor price of 3.0197 ETH and 133 sales, Azuki continues to maintain strong momentum in the market, appealing to both collectors and innovators.

The Band Bears collection features 1,162 digital bears, each one inspired by iconic musicians and bands. Launched in April 2022 on the Ethereum blockchain, the collection has recently seen 219% rise in trading volume, reaching 365 ETH in the past day. With a floor price of 14.24 ETH and 28 sales, The Band Bears continue to capture the attention of music fans and NFT collectors alike, solidifying their place in the growing intersection of music and digital art.

Best Regards,
Crypto Recorder Team

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