Crypto Weekly Review: Analyzing Sentiment, ATHs, Top Picks, and NFT Trends

Dear Readers,

Bitcoin (BTC), the largest cryptocurrency globally, experienced a 0.57% decrease, reaching $43,509 in Thursday's trading. Simultaneously, Ethereum, the second-largest cryptocurrency, saw a 1.5% decline, settling at $2,245. The overall market capitalization of cryptocurrencies worldwide also dipped by 0.76%, reaching approximately $1.59 trillion in the past 24 hours.

Highlights Of The Week

• Samourai Wallet accuses Bitcoin mining pool Ocean of censoring Whirlpool CoinJoin transactions and BIP47 notification transactions from Dec. 6; Ocean's executive denies claims, urges wallet provider to fix a software bug.

• Crypto industry short sellers face losses of at least $6 billion this year due to Bitcoin's significant rally since Jan. 1.

• U.S. Congress committee unanimously passes pro-blockchain bill, assigning the task of promoting blockchain deployment to the U.S. commerce secretary.

• Terraform Labs co-founder Do Kwon launches final appeal against Montenegrin court decision that could lead to his extradition.

• Federal judge accepts Binance founder CZ's guilty plea to money laundering; decision pending on whether he can leave the U.S. before February sentencing.

• Bitbuy and Coinsquare, two major Canadian crypto exchanges, surpass 1 billion Canadian dollars ($736 million) in assets under management.

• Hong Kong's Securities and Futures Commission issues warning on suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped.

• Binance reimburses users and delists Anchored Coins Euro (AEUR) stablecoin after its value surges over 200% post-listing.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently registers at 72, signaling a prevailing sentiment of greed that has persisted from the previous day. Bitcoin's positive sentiment has surged alongside the market correction, transitioning from deep fear to deep greed. Now on the brink of extreme greed, caution is advised, as historically, such levels have been associated with potential bearish trends. Investors should remain vigilant in light of the rapidly growing optimism in the market.

ATH coins

As soon as a cryptocurrency achieves its all-time high market value, it secures a position among the distinguished ATH coins. This denotes a significant surge in coin demand, although it doesn't assure continuous growth. Due to the substantial volatility in the world of digital currencies, comprehensive research and analysis are essential before considering investments in ATH coins. Currently, the following coins have excelled as outstanding performers, reaching notable ATH milestones in recent times:

Today marks a significant milestone for Beam (BEAM) as it hits an all-time high (ATH) price of $0.01685. As of now, the current price stands at $0.01616, maintaining a robust performance. The trading volume for Beam is noteworthy, totaling $100.28 million. Beam announced partnership with Immutable to integrate its blockchain gaming products into Immutable zkEVM.

Bonk (BONK) has also reached a significant ATH price of $0.000008904 today, fueled by increased capital on Solana blockchain and rising interest in riskier token. The trading volume for Bonk is substantial, clocking in at $103.74 million.

Inspect (INSP) showcases its market prowess by achieving an ATH price of $0.3247 today. Although the current price slightly decreased to $0.3025, the coin maintains a competitive edge. The trading volume for Inspect is $70.49 million, indicating a consistent level of market activity. Inspect powers Web3, improving user experiences on social platforms like X (Twitter) with its innovative layer 2 solution.

Mantle (MNT) demonstrates its strength by reaching an all-time high price of $0.6386, affirming its resilience and potential. Notably, Mantle has attracted significant market attention, with a substantial trading volume of $156.19 million. Mantle recently launched a liquid staking protocol on the Ethereum mainnet.

IAGON (IAG) has also achieved an ATH price of $0.1516, emphasizing its positive market performance. Today's price of $0.149 aligns closely with the ATH, indicating a steady trajectory. While the trading volume is comparatively lower at $1.01 million. IAGON connects decentralization and compliance for Web 3.0 through a shared storage economy.

Top Movers (24H)

With the cryptocurrency market steadily earning its reputation as a trustworthy avenue for investment, individuals who were once hesitant are now embracing it and broadening their investment portfolios to include a diverse array of digital assets. Additionally, modern-day crypto investors are strengthening their positions, resulting in significant price surges in several cryptocurrencies within the past 24 hours. Let's delve into a few well-known cryptocurrencies that have recently undergone price hikes.

PAID Network (PAID) has emerged as a standout performer in the last 24 hours, starting the day with a low price of $0.1581 and soaring to its current price of $0.2633, indicating a 66.54% increase. This surge in value has been accompanied by a substantial trading volume of $8.29 million. PAID Network serves as a versatile business toolkit catering to various requirements for business transactions.

Axelar (AXL) has also experienced a notable price surge, with a 61% change in value within the last day. Starting at a low of $0.6211, AXL has reached a current price of $1.00, supported by a significant trading volume of $47.37 million. South Korea-based cryptocurrency exchange Upbit announced it will list AXL.

BitTorrent (New) (BTT) isn't playing it cool either. With a significant 58.77% boost, going from $0.0000005033 to $0.0000007991, and a trading volume of $381.01 million, BTT is proving it's not one to be underestimated. BitTorrent, a favored peer-to-peer (P2P) file-sharing platform, has become more decentralized in recent years.

GameFi.org (GAFI) has seen a 47.56% increase in its value over the past 24 hours. Starting the day at $6.5669, GAFI has risen to a current price of $9.69, accompanied by a trading volume of $1.82 million. GameFi is a one-stop hub for game finance, serving studios, players, traders, and investors.

PARSIQ (PRQ) has demonstrated a strong performance with a 41.7% change in its value. Beginning at a low of $0.1187, PRQ has reached a current price of $0.1682. The coin has attracted a trading volume of $9.66 million. PARSIQ is a next-gen platform for blockchain monitoring and intelligence, offering analytics tools across diverse industries.

Non-Fungible Tokens – Developments

• Megadeth, the iconic American thrash metal band, unveils a new nonfungible token (NFT) collection on Dec. 5, providing fans with exclusive access to content and physical experiences.

• Despite rebranding to Parallel Finance with a focus on decentralized finance (DeFi), NFT lending protocol ParaSpace remains committed to its core product amid challenges in the sector.

• Investment firm Tiger Global marks down several investments, including stakes in prominent NFT projects like the Bored Ape Yacht Club (BAYC) collection and NFT marketplace OpenSea.

NFTs To Watch

In the past 24 hours, several NFTs have emerged in the market, each showcasing unique attributes and contributions to the evolving landscape.

BlockGames Dice

BlockGames Dice recorded a significant volume of 173 ETH, marking a change of 128% within past 24 hours. With a floor price of 0.59 ETH and 289 sales, BlockGames, formed in collaboration with Estoty, a leading mobile games studio, has a strong foundation backed by a user base of 50 million monthly active users.

Azuki

Azuki, another standout, demonstrated a volume of 376 ETH with a change of 41%, boasting a floor price of 6.67 ETH and 59 sales. Azuki offers a collection of 10,000 avatars, providing membership access to The Garden—an online space where artists, builders, and web3 enthusiasts converge to shape a decentralized future.

Pudgy Penguins

Pudgy Penguins, with a volume of 1522 ETH and a 20% change, features a floor price of 8.48 ETH and 178 sales. This collection of 8,888 NFTs aims to drive Web3 innovation through IP utilization and community empowerment. 

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!