Crypto Weekly Update: Top Gainers and Losers, ICOs and Airdrops

Dear Readers,

The crypto landscape painted a verdant picture on Tuesday, December 19, as the majority of cryptocurrencies recorded gains. Bitcoin, for instance, witnessed a 4.61 percent surge in value over the last 24 hours, reaching a current value of $43,081. This notable upswing follows a recent period of price correction marked by losses. In a parallel move, Ether joined the profit-making trend, boasting a 3.58 percent increase in price and currently trading at $2,247.

Highlights Of The Week

• Major applicants for a US Bitcoin ETF amend filings to comply with cash redemption model demanded by regulators.

• SEC delays decision on Ether ETFs including Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF to May 2024.

• Zooko Wilcox steps down as CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash (ZEC).

• US court orders Binance to pay $2.7 billion and former CEO CZ to pay $150 million to CFTC.

• Coinbase appeals SEC's denial of its petition for rulemaking on cryptocurrency used as securities.

• Revolut to temporarily halt cryptocurrency purchases on its UK business platform from the new year, allowing holding and selling.

• Cipher Mining scales operations with a new mega purchase of cryptocurrency mining devices.

Top Weekly Gainers

Amid the turbulence of the cryptocurrency realm, known for its intrinsic volatility, insightful traders possess the knack for identifying weekly frontrunners that harbor promising opportunities for financial growth. Through embracing a proactive mindset and closely tracking market trends and price changes, investors can capitalize on these advantageous moments, potentially overhauling their investment strategies to achieve optimal results.

Helium Mobile (MOBILE) stands out prominently, exhibiting an extraordinary surge of 612.05%, catapulting from a meager $0.001004 to $0.007149. The trading volume has seen a substantial boost, escalating from $3.67 million to an impressive $20.92 million. This surge is attributed to Helium Mobile's responsiveness to an influx of new signups and the necessity to counter suspicious account activities, leading to proactive modifications in its crypto rewards payouts policy.

Multibit (MUBI) has also made a significant mark with a noteworthy change of 268.16%, ascending from a low price of $0.08643 to the current price of $0.3182. The trading volume has surged from $17.43 million to a substantial $100.05 million. Setting itself apart, Multibit introduces the concept of a dual-sided bridge, pioneering seamless cross-network transfers between BRC20 and ERC20 tokens, contributing to the evolution of interoperability in the crypto space.

DIMO (DIMO) has carved its niche with 164.63% surge, transitioning from a low price of $0.2485 to the current price of $0.6576. The trading volume has seen a noteworthy increase from $1.04 million to $12.76 million. DIMO's commitment to transparency and innovation is evident through its open-source approach, unlocking new levels of trust in IoT networks by emphasizing transparency, privacy, composability, and reliability.

Bounce Token (AUCTION) has caught the attention of the market with a substantial 109.72% change, moving from a low price of $18.506 to the current price of $38.81. The trading volume has surged from $42.56 million to a noteworthy $203.86 million. Bounce Token's allure lies in its decentralized auction platform, leveraging blockchain to enhance transparency, efficiency, and accessibility in auctioning, bidding, and buying processes for Web3 users.

Toshi (TOSHI) has made waves with a significant 103.16% change, ascending from a low price of $0.00007669 to the current price of $0.0001558. The trading volume has increased from $895,994 to $2.27 million. Operating as a token on blockchain platforms such as Ethereum or EOS Blockchain, Toshi represents the dynamic nature and diversity within the cryptocurrency landscape, contributing to the ongoing innovation in the digital asset space.

Top Weekly Losers

Within the perpetual turmoil of the cryptocurrency market, one finds a combination of weekly champions and those facing hardships, all navigating the impacts of regulatory changes, market fluctuations, and negative media attention. While grappling with losses can be a demanding ordeal, it serves as an essential platform for traders and investors to evaluate their strategies, break down the factors contributing to setbacks, and make deliberate choices to direct their future investments towards success. In this week's cryptocurrency market, several tokens experienced notable losses.

FTX Token (FTT) saw a significant decline of 26.12%, with its high price at $4.8865 dropping to the current price of $3.61. FTT serves as the native cryptocurrency for FTX, a platform specializing in crypto derivatives trading since its launch on May 8, 2019.

Synthetix (SNX) followed suit with a 20.12% decrease, moving from a high of $4.6818 to the current price of $3.74. Synthetix is actively working on a decentralized liquidity provisioning protocol open for integration by various protocols.

BitTorrent (New) (BTT) faced a loss of 17.69%, shifting from a high of $0.00000143 to the current price of $0.000001177. Known for its peer-to-peer file-sharing and torrent platform, BitTorrent has been progressively decentralizing in recent years.

KuCoin Token (KCS) experienced a 16.32% decrease, moving from a high of $12.799 to the current price of $10.71. KCS, KuCoin's native token, was introduced in 2017 as a profit-sharing token, allowing traders to derive value from the exchange.

Lastly, Terra Classic (LUNC) exhibited a loss of 16.15%, moving from a high of $0.0001827 to the current price of $0.0001532. As a LUNC validator, the recent announcement by Lunanauts outlining plans to garner more support for the LUNC cryptocurrency triggered heightened interest in the broader crypto market amid the token's price decline.

Hot ICOs to Watch Out For

Active ICOs

OVAL3, which commenced its sale on December 13 and is set to conclude on December 19, has raised $1,730,000 of its $2,630,000 fundraising goal. Positioned as the world's first Rugby Web3 game, OVAL3 introduces a novel concept where enthusiasts can collect, play, and win official digital cards for an immersive gaming experience centered around Rugby.

Another notable ICO, Liquid Crypto, initiated its sale on December 14 and will run until December 20, having garnered $2,110,000 out of its $2,710,000 target. Positioned as the next generation of decentralized finance (DeFi), Liquid Crypto offers a comprehensive suite of decentralized exchange (DEX) services, including liquidity pools, token swaps, and bridging capabilities.

On a more extended timeline, Manilla Finance, which began its sale on September 01 and is scheduled to end on December 25, has raised $1,100,000 towards its ambitious $4,300,000 fundraising goal. Manilla Finance presents itself as a Web 3.0 CeDeFi solution, aiming to revolutionize the payment of utility bills through the use of digital currency.

Upcoming ICOs

GT-Protocol, with its sale commencing sometime in December, aims to raise $5,600,000 for its multichain protocol designed for managing DeFi investment pools and enabling decentralized copy trading on decentralized exchange (DEX) platforms.

GMatrixs, another project gearing up for a December launch (exact dates pending), is aspiring to secure $6,500,000 in funding. Positioned as the first technology-focused Web3.0 integrated service eco-platform in the GameFi space, GMatrixs promises to bring a fresh perspective to the intersection of technology and gaming.

Lastly, Metapotamians, also set to launch in December without specific dates, has a fundraising goal of $970,000. Emerging as a WEB 3.0 project, Metapotamians offers digital services within a unique universe and has garnered support from organizations affiliated with Turkey's largest companies in the realms of metaverse and NFTs.

Ended ICOs

Fusionist, a blockchain-based gaming company, initiated its sale on December 13 and concluded on December 18, raising $6,600,000. The company distinguishes itself by offering three games featuring collectible Non-Fungible Tokens (NFTs), tapping into the growing intersection of blockchain technology and gaming.

Another ICO, TheADA, commenced on December 12 and concluded on December 17, achieving its fundraising goal of $7,550,000. TheADA is a decentralized and scalable NFT staking protocol built on the Cardano blockchain, contributing to the expanding ecosystem of decentralized finance (DeFi) on Cardano.

Script Network, a layer 1 open-source live TV platform, protocol, and storage network, started its sale on December 11 and ended on December 16, meeting its fundraising goal of $1,250,000.

Hottest Airdrops

Data Ownership Protocol

• Visit the Data Ownership Protocol testnet page.

• Submit your email and click "Continue."

• Create a DOP wallet with a password and save your recovery phrase.

• Log in, connect your Metamask wallet.

• Connect your Twitter, and follow them.

• Claim Sepolia ETH and testnet DOP tokens.

• Encrypt, send, and decrypt tokens.

• Complete all seven steps.

• Get a referral link to earn 20% of friends' rewards.

• Participants completing all steps get DOP rewards at Q1 2024 launch.

• For testnet airdrop details, check the Medium article.

BRC20

• Visit the BRC20 Zealy page.

• Connect your wallet and sign up.

• Engage in quests to earn XPs.

• Top 1,000 participants on the leaderboard stand a chance to win .COM rewards:

  • 1st place: $3,000

  • 2nd place: $2,000

  • 3rd place: $1,500

  • 4th and 5th place: $1,000 each

  • 6th to 10th place: $400 each

  • 11th to 50th place: $150 each

  • 51st to 100th place: $100 each

  • 101st to 500th place: $20 each

• A total of $30,000 worth of .COM tokens is allocated for the airdrop.

• Ensure you submit your BTC address on the Zealy settings page to receive the rewards.

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

Best Regards,
Crypto Recorder Team

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