Crypto Weekly Spotlight: Sentiment Analysis, ATHs, Top Picks, and NFTs

Dear Readers,

Today, Bitcoin briefly surged to $38,000, reaching its highest point in the past 19 months. However, amidst market turbulence, the pioneer cryptocurrency recorded a decline on Thursday, November 30, settling at $37,695. November turned out to be a lucrative period for the crypto market, witnessing a steady climb in Bitcoin's value up to its current position. Ether, on the other hand, experienced a 2.06 percent loss, bringing its present value to $2,037.

Highlights Of The Week

• Canadians express overall negative sentiment towards Canada’s CBDC initiative in a recent public consultation, aligning with Bank of Canada’s concerns.

• Bankrupt crypto exchange FTX gains approval to sell $873 million in trust assets to repay creditors impacted by its 2022 collapse.

• Swiss asset manager Pando Asset unexpectedly enters the U.S. spot Bitcoin ETF race, while BlackRock meets with regulators to discuss an updated ETF model.

• Brazil Senate approves new income tax rules, potentially requiring Brazilians to pay up to 15% tax on income from cryptocurrencies held on foreign exchanges.

• Binance announces the discontinuation of support for all Binance USD (BUSD) products from Dec. 15, following Paxos halting new coin minting.

• HashFlare's founders, facing 18 counts of fraud and money laundering in the U.S., successfully appeal extradition from Estonia.

• Wally Adeyemo, U.S. Treasury Department deputy secretary, explores new sanctions tools for pursuing bad actors in the crypto space, citing the recent settlement with Binance.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index stands at 74 today, indicating a prevailing sentiment of greed, slightly up from 72 yesterday and 66 last week. Investors are treading cautiously amidst regulatory challenges and uncertainties in the crypto space. Recent market gains are attributed to anticipation of a Bitcoin Spot ETF approval and other positive catalysts, highlighting the delicate balance between optimism and caution in the crypto landscape.

ATH coins

When a cryptocurrency attains its peak market value, it earns a place among the prestigious ATH coins. This signals a significant uptick in coin demand, but it doesn't guarantee continuous growth. Given the substantial volatility inherent in digital currencies, conducting thorough research and analysis is paramount before contemplating investments in ATH coins. At present, the following coins have excelled as exceptional performers, reaching noteworthy ATH milestones in recent periods:

QToken (QTO) reached its all-time high (ATH) today, hitting $0.1678. Despite a marginal decrease to $0.1677 in the current price, the coin is actively traded with a volume of $1.56 million. Qoneqt aims to enhance genuine communication among online communities and individuals by promoting real identities.

Guacamole (GUAC) also achieved its ATH today, reaching $0.0000002914. Although the current price has experienced a slight dip to $0.0000002543, GUAC boasts a substantial trading volume of $3.4 million. GUAC is a memecoin crafted for the people who savor the essence of memes, relish the perfect pairing of toast and chips, all within the flourishing era of avocados.

Gorilla (GORILLA) celebrated its ATH today at $0.02414, with the current price standing at $0.02326. The coin demonstrates robust market activity with a trading volume of $4.82 million. GORILLA, a meme token, merges viral appeal with real-world utility, offering a unique investment beyond typical meme tokens.

Autonolas (OLAS) recently achieved an ATH of $2.91, recorded yesterday. The current price is $2.75, accompanied by a trading volume of $2.73 million. OLAS offers a cohesive platform catering to services like automation, oracles, and collaboratively owned AI.

Solcasino Token (SCS) joined the ranks of ATH achievers yesterday, reaching $0.01844. Despite a slight decrease in the current price to $0.01591, SCS maintains a notable trading volume of $3.84 million. Solcasino.io stands out as the premier crypto casino on the Solana network.

Top Movers (24H)

As the cryptocurrency market continues to gain traction as a reliable investment option, individuals who were previously skeptical are now embracing it and diversifying their investment portfolios to include a wide range of digital assets. Furthermore, contemporary crypto investors are reinforcing their positions, leading to substantial price increases in multiple cryptocurrencies in the last 24 hours. Let's take a closer look at some notable cryptocurrencies that have recently experienced price surges.

XYO (XYO) has exhibited a remarkable performance in the last 24 hours, with its price surging from a low of $0.003894 to the current level of $0.00671, representing a substantial change of 72.32%. The trading volume for XYO during this period stands at $29.11 million. XYO functions as a digital currency and runs on the Ethereum platform.

AIOZ Network (AIOZ) has also emerged as a strong mover, experiencing a notable price increase from $0.1001 to $0.1628, indicating a change of 62.64% within the 24-hour timeframe. The trading volume for AIOZ Network has reached $40.02 million. The AIOZ Network constitutes a decentralized Content Delivery Network (CDN) established on their proprietary Blockchain.

Gemie (GEM) showcases a noteworthy performance with a price change of 51.77%, moving from a low of $0.00192 to the current price of $0.002914. Despite a relatively lower trading volume of $1.06 million, Gemie's significant percentage change highlights its potential for volatility and trading opportunities. Gemie stands as a metaverse platform and NFT marketplace with a focus on Asian entertainment, revolving around fan culture.

Dreams Quest (DREAM) has demonstrated a considerable price increase of 37.66% in the last 24 hours, moving from a low of $0.001994 to the current price of $0.002745. The trading volume for Dreams Quest during this period stands at $1.87 million. Dreams Quest, an open-world, action-adventure, role-playing mobile game, is developed by Shakiti Studios, a subsidiary of Dreams Quest.

IOTA (IOTA) has experienced a notable change, with its price increasing by 35.54% from a low of $0.1739 to the current price of $0.2357 after the announcement of the new IOTA Foundation in the UAE. IOTA has witnessed a substantial trading volume of $771.72 million in the last 24 hours.

Non-Fungible Tokens – Developments

• Recent research studies suggest that personal experiences play a crucial role in driving the NFT market, revealing social and psychological factors influencing market dynamics.

• A new Bitcoin NFT marketplace plans to cut network fees related to Bitcoin Ordinals inscriptions by utilizing the Internet Computer Protocol (ICP).

• Azuki DAO, a community DAO linked to an NFT collection, undergoes a rebrand to "Bean" and drops a proposed lawsuit against the collection's founder, Zagabond, involving a $39 million minting incident.

NFTs To Watch

In the last 24 hours, several notable NFTs have emerged as significant players in the market.

CLONE X - X TAKASHI MURAKAMI

One standout is CLONE X - X TAKASHI MURAKAMI, which has witnessed a substantial volume of 374 ETH, reflecting a change of 75%. The floor price for this NFT is currently set at 1.49 ETH, and it has seen a total of 250 sales. CLONE X - X TAKASHI MURAKAMI: 19.5K unique digital items on Ethereum blockchain since Dec 2021, blending Murakami's iconic art with blockchain tech.

Yogapetz

Another noteworthy NFT is Yogapetz, experiencing a substantial volume of 202 ETH with a change percentage of 202%. The floor price for Yogapetz stands at 0.59 ETH, and it has achieved 328 sales. Yogapetz is a collection of 10.1 thousand unique items created on the Ethereum blockchain in August 2023.

Pixelmon - Generation 1

Pixelmon - Generation 1 has caught the attention of the market with a volume of 166 ETH, marking a change of 110%. The floor price for Pixelmon - Generation 1 is set at 1.09 ETH, and it has garnered a total of 140 sales. Pixelmon - Generation 1 is a blockchain-based project that emerged in February 2022, operating on the Ethereum blockchain.

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

Best Regards,
Crypto Recorder Team

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