Crypto Weekly Review: Analyzing Sentiment, ATHs, Top Picks, and NFT Trends (1)

Dear Readers,

Today, cryptocurrency prices experienced robust growth, indicating a shift in investor attention towards riskier assets after recent decisions by the Federal Open Market Committee (FOMC). Notably, Bitcoin demonstrated a 4.01% increase over the past 24 hours, reaching $42,816. Among other leading cryptocurrencies, Ethereum witnessed a 4.43% surge, reaching $2,276, while XRP observed a 3.26% rise, reaching $0.626.

Highlights Of The Week

• Gemini Earn creditors face dissatisfaction as a proposed reorganization plan may reduce Bitcoin payouts to around 30% of their current market value.

• The SEC insists on a "cash" redemption model for spot Bitcoin ETFs, diverging from alternative proposals, including one by BlackRock.

• Yearn.finance seeks the return of $1.4 million from arbitrage traders due to a multisignature scripting error that led to a significant drain on the protocol's treasury.

• Immutable's Web3 gaming platform plans to eliminate gas fee payments for gamers with the launch of its zero-knowledge proof-based scaling platform in early 2024.

• The SEC delays a decision on a spot Ether ETF proposed by Invesco and Galaxy Digital, leaving approval or disapproval pending.

• Hitachi Research & Development collaborates with Concordium Foundation to develop a "proof of technology" for a biometric crypto wallet.

• The U.S. FASB announces that crypto assets will be represented at fair value in accounting from late next year, allowing more realistic valuation for crypto companies and institutions.

• Iota integrates its Shimmer EVM-compatible chain with Fireblocks to meet institutional demand for asset tokenization.

• Coinbase announces that institutional investors on its international exchange can now access spot crypto trading services.

Crypto Fear & Greed Index

Crypto Fear & Greed Index rises to 72 from yesterday's 65, indicating increased investor greed. Strong gains today suggest a shift to riskier assets post-FOMC decisions. Earlier declines this week were tied to concerns about U.S. inflation and macroeconomic events. The rise in greed levels reflects renewed optimism, possibly driven by positive market developments or changing economic perceptions.

ATH coins

Once a cryptocurrency reaches its peak market value, it cements its status among the elite ATH coins. This signals a notable uptick in coin demand, yet it doesn't guarantee sustained expansion. Given the considerable volatility in the realm of digital currencies, thorough research and analysis are imperative before contemplating investments in ATH coins. At present, the subsequent coins stand out as exceptional performers, attaining noteworthy ATH milestones in recent periods:

Injective (INJ) has surged to an all-time high (ATH) price of $31.85, marking a significant milestone. As of today, the current price of INJ stands at $31.82. The trading volume for Injective is notably substantial at $395.39 million. Injective is a finance-centric blockchain, powering the next wave of DeFi applications like decentralized exchanges, prediction markets, and lending protocols.

Beam (BEAM) has also hit an ATH today, reaching a price of $0.02728. Despite a slight dip in the current price to $0.02616, BEAM maintains a robust trading volume of $159.09 million. The BEAM token is the native cryptocurrency of the Beam network, an gaming platform supported by the Merit Circle DAO.

Bonk (BONK) has achieved an ATH price of $0.00001484 on Coinbase listing. The current price for BONK is slightly lower at $0.00001456, with trading volume of $265.75 million. BONK, Solana's first dog-themed coin, operates on a "for the people, by the people" principle, with 50% of its total supply airdropped to the Solana community.

Kujira (KUJI) has experienced an ATH price of $5.08 today. KUJI's current price is $5.01, and the coin maintains a trading volume of $4.76 million. The KUJI token functions as both a governance and revenue-sharing token within the Kujira ecosystem.

Top Movers (24H)

As the cryptocurrency market consistently establishes itself as a reliable investment avenue, those who were once cautious are now wholeheartedly adopting it and expanding their investment portfolios to encompass a varied range of digital assets. Furthermore, contemporary crypto investors are fortifying their positions, leading to substantial price spikes in various cryptocurrencies over the last 24 hours. Let's explore some familiar cryptocurrencies that have recently experienced noteworthy price increases.

In the tumultuous world of cryptocurrency, Helium Mobile (MOBILE) has emerged as a standout performer in the last 24 hours. Experiencing a staggering 190.63% change, the current price has soared to $0.002688 from a low of $0.0009249. This surge is underscored by a robust trading volume of $15.53 million. Helium Network is a decentralized wireless project using blockchain, letting people and organizations create and manage networks with token rewards.

Artisse (CATHEON) is making waves in the cryptocurrency market with 160.28% change in the last 24 hours. Starting from a low of $0.002019, the current price has surged to $0.005255. The trading volume for Artisse stands at a noteworthy $3.3 million. Catheon Gaming, rated #1 Blockchain Emerging Giant in Asia Pacific by HSBC and KPMG, is a leading integrated platform for blockchain gaming and entertainment.

Cook Finance (COOK) has witnessed a substantial uptick in value, boasting a 136.9% change over the last 24 hours. From a low of $0.0003184, the current price has climbed to $0.0007543. The trading volume for Cook Finance is comparatively modest at $601,530. Cook Finance is a transparent and flexible DeFi Index platform catering to diverse users, offering easy selection of indexes across multiple chains.

Toshi (TOSHI), the cat named after Satoshi Nakamoto, is commanding attention in the cryptocurrency space with a 135.57% change in the last 24 hours. Starting at a low of $0.00006359, the current price has surged to $0.0001498. The trading volume for Toshi is a significant $3.99 million.

FUNToken (FUN) completes the list of top movers with a 66.72% change. Transitioning from a low of $0.004754 to the current price of $0.007926, FUNToken is demonstrating resilience in a dynamic market. The trading volume for FUN is particularly substantial at $127.39 million. The FUNToken has been crafted exclusively for the online gaming and gambling sector.

Non-Fungible Tokens – Developments

• Line Next secures $140 million for the development of a global NFT marketplace, set to launch in January 2024, bolstering the NFT ecosystem.

• Donald Trump initiates his third NFT drop, "MugShot," focusing on the theme of his ongoing criminal indictments.

• NFT entrepreneur Wylie Aronow states he will not be rejoining Yuga Labs, the NFT firm he co-founded, despite making "steady progress" in his health.

NFTs To Watch

Otherside Koda

Otherside Koda has made waves in the NFT space over the past 24 hours, boasting a robust trading volume of 473 ETH, reflecting 429% change. The floor price for a Koda currently stands at 4.85 ETH, with 83 sales. Kodas, enigmatic celestial beings from Otherside, remain shrouded in mystery regarding their origins and culture. Nevertheless, their magical abilities and scientific knowledge play a pivotal role in sustaining the thriving world of Otherside.

Milady Maker

On a different note, Milady Maker has garnered significant attention with a trading volume of 488 ETH, showcasing 231% change in the last 24 hours. Priced at a floor of 2.65 ETH, Milady Maker is a collection of 10,000 generative pfpNFTs, each exuding a neochibi aesthetic inspired by street style tribes. The collection has achieved notable 179 sales, establishing itself as a unique and visually captivating addition to the NFT landscape.

Mutant Ape Yacht Club

The Mutant Ape Yacht Club stands out with a trading volume of 1176 ETH, reflecting an 80% change. With a floor price of 5.46 ETH and a total of 217 sales, this collection introduces a captivating concept wherein Mutant Apes, up to 20,000 in number, can be created by exposing an existing Bored Ape to a vial of MUTANT SERUM or by participating in the public sale. The Mutant Ape Yacht Club's innovative approach adds a fascinating layer to the evolving world of NFTs, combining elements of creativity, rarity, and community engagement. 

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