Crypto Weekly Recap: Exploring Sentiment, Top Performers, and NFT Frenzy

Dear Readers,

An upward trajectory characterized the performance of Bitcoin today, the leading cryptocurrency, with a notable 2.18% increase. Ethereum, securing its position as the second most favored token, saw a slight uptick of 0.07% from yesterday, commanding a current trading value of $2,213. Attentively scrutinizing these pivotal players, the cryptocurrency community seeks to decipher their movements as precursors to broader market shifts. Simultaneously, the global cryptocurrency market capitalization has expanded to $1.64 trillion, reflecting a discernible 1.91% rise in the last 24 hours.

Highlights Of The Week

• Singapore-based crypto hedge fund Three Arrows Capital faces asset freeze, with a court locking over a billion dollars of founders' assets. 

• U.S. appeals court finalizes the legal process, officially confiscating 69,370 Bitcoin and other cryptocurrencies from the defunct dark web marketplace Silk Road. 

• Brazil overtakes Nigeria in Bitcoin interest, securing the second spot globally; El Salvador maintains the top position according to Google Trends data. 

• Crypto marketing war intensifies as spot Bitcoin ETF issuers release three new ads in just two days. 

• Cardano Foundation collaborates with Brazil’s Petrobras to provide blockchain education and explore technology applications in the energy sector. 

• Ledger, the hardware crypto wallet provider, commits to reimbursing all affected users following the Ledger Connect Kit exploit.

• Coinbase-backed blockchain Base partners with Sound.xyz, enabling artists to mint music within the Base ecosystem, announced on Dec. 19.

• Ripple achieves a regulatory milestone in Ireland as the Central Bank of Ireland approves the firm as a virtual asset service provider (VASP).

Crypto Fear & Greed Index

The Crypto Fear & Greed Index presently stands at 70, signaling a Greed sentiment in the market, slightly lower than yesterday's 74. This marks a consistent Greed trend over the past week, with a reading of 72. The sustained Greed suggests an optimistic market outlook, possibly influenced by positive developments or strong fundamentals. Investors should remain vigilant, adapting strategies to the dynamic nature of the cryptocurrency landscape.

ATH coins

The moment a cryptocurrency attains its highest-ever market value, it establishes itself among the distinguished ATH coins. This signifies a noteworthy increase in coin demand, although it doesn't promise continual growth. Considering the substantial volatility in the digital currency landscape, comprehensive research and analysis are crucial before delving into investments in ATH coins. Currently, the following coins have stood out as remarkable performers, achieving significant ATH milestones in recent times:

Today marks a significant milestone for Sei (SEI) as it attains an all-time high (ATH) price of $0.4073. Distinguished as the inaugural sector-specific Layer 1 blockchain, Sei focuses on trading, offering exchanges a distinctive edge in the market. The current trading price rests at $0.3948, accompanied by a substantial volume of $617.89 million, underscoring Sei's prominence in the realm of digital assets.

In parallel, dogwifhat (WIF) has also surged to a new ATH today, reaching $0.2378. Functioning on the Solana platform, WIF is a cryptocurrency that has carved its niche in the dynamic crypto landscape. With a current trading price of $0.2196 and a trading volume of $125.45 million, WIF maintains its relevance in the ever-evolving crypto ecosystem.

Astroport (ASTRO) elevates to new heights today with an ATH of $0.2816. Floating above the Cosmos ecosystem, Astroport serves as a neutral marketplace, facilitating trade for entities across the galaxy. The current trading price is $0.2797, accompanied by a trading volume of $776,009, emphasizing Astroport's position as a pivotal player in the crypto space.

CheckDot (CDT)

CheckDot (CDT) achieves an ATH today at $0.9958, solidifying its role as an essential checkpoint for verifying cryptocurrency projects. With a current trading price of $0.9829 and a trading volume of $512,411, CheckDot remains a crucial component in the crypto validation landscape.

ALEX Lab (ALEX)

On a slightly different note, ALEX Lab (ALEX) celebrated its ATH yesterday at $0.4732. Recently incorporated into Bitget's Innovation Zone, BTC Ecosystem Zone, and DeFi Zone, ALEX Lab stands out as a trailblazer in the Decentralized Finance (DeFi) space. Currently priced at $0.4443, with a trading volume of $18.65 million, ALEX Lab continues to make waves in the cryptocurrency industry.

Top Movers (24H)

With the cryptocurrency market steadily building its reputation as a dependable investment option, individuals who were initially hesitant are now embracing it and diversifying their investment portfolios to include a wide range of digital assets. Additionally, present-day crypto investors are solidifying their positions, resulting in significant price upswings in several cryptocurrencies in the past 24 hours. Let's examine a few well-known cryptocurrencies that have recently seen price surges.

Over the past 24 hours, Elastos (ELA) has taken the crypto stage by storm, undergoing an extraordinary 193.88% change in value. Starting at a modest $1.96, it has soared to $5.76, drawing attention with a substantial trading volume of $43.56 million. Elastos strategically entered the spotlight by introducing a Bitcoin layer-2 network, utilizing innovative staking tools to entice liquidity.

In the expansive landscape of the Cosmos Blockchain, Stride (STRD) has carved its path with a robust 48.36% growth in the last 24 hours. From a starting point of $2.13, it climbed to $3.16, generating notable activity with a trading volume of $1.33 million. Operating as a multichain liquid staking zone, Stride allows users to stake IBC-compatible tokens and receive stTokens in return, fostering a unique and dynamic ecosystem.

Dypius (DYP) has also made waves with a 45.83% increase in the last 24 hours, transitioning from $0.24 to $0.35, while boasting a trading volume of $3.90 million. Dypius distinguishes itself as a potent, decentralized ecosystem, emphasizing scalability, security, and global adoption through cutting-edge infrastructure.

Raydium (RAY) has captured the crypto community's attention with a commendable 36.55% change, starting at $0.8495 and reaching $1.16, accompanied by a substantial trading volume of $70.04 million. As an automated market maker (AMM) and liquidity provider on the Solana blockchain for the Serum decentralized exchange (DEX), Raydium plays a pivotal role in facilitating decentralized trading.

Solanium (SLIM) has demonstrated a significant 34.2% increase over the past 24 hours, moving from $0.3351 to $0.4497, with a trading volume of $3.65 million. Functioning as a decentralized platform for fundraising and trading on the Solana blockchain, Solanium offers a comprehensive suite of features, including a DEX UI, staking, wallet management, governance, and a launchpad.

Non-Fungible Tokens – Developments

• China's Ministry of Science and Technology promotes Web3, encouraging NFT business models.

• DeFi leader BendDAO integrates Bitcoin for groundbreaking NFT loans, transforming crypto financing.

• China Mobile introduces LinkNFT, an NFT-free market, enhancing Web3.0 access for Hong Kong citizens.

NFTs To Watch

In the past 24 hours, three noteworthy NFT collections have demonstrated significant activity.

Pudgy Penguins

Pudgy Penguins, boasting a trading volume of 786 ETH, experienced 86% change. The floor price for these 8,888 NFTs stands at 10.90 ETH, and a total of 75 sales were recorded. Pudgy Penguins, not merely a collection but a catalyst for Web3 innovation, leverages intellectual property and community empowerment. Symbolizing love, empathy, and compassion, these penguins radiate positive vibes for all.

The Grapes

Another notable collection, The Grapes, generated a trading volume of 237 ETH, reflecting a 94% change within the past day. With a floor price of 2.88 ETH and 95 sales, The Grapes consists of 3,333 meticulously crafted NFTs. This collection transcends Web3, becoming a cross-media, family-friendly entertainment intellectual property. The Grapes extends its influence into gaming, TV, and various products, positioning itself at the core of licensing endeavors.

Moonbirds

Moonbirds, with a trading volume of 231 ETH and a 92% change, presents itself as the art collector's preferred profile picture (PFP). Boasting a floor price of 1.69 ETH and 144 recorded sales, Moonbirds encompasses 10,000 digital artworks. Owning a piece from this collection grants holders access to unique experiences, fostering connections with artists and allowing them to champion the showcased art. 

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

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. We'll get back to you asap!Weekly Crypto Roundup: Sentiment Analysis, Leading Performers and the NFT Hype