Discover This Week's Top Crypto Performers Now!

Dear Readers,

The cryptocurrency market is experiencing a slight uptick today, March 28th, 2024. Bitcoin (BTC) is leading the charge with a gain of 0.71%, reaching a price of $70,561.14. Ethereum (ETH) is also showing positive movement, up 0.24% at $3,583.12. Binance Coin (BNB) is the biggest gainer among the listed currencies, rising 2.09% to $589.00. Solana (SOL) trails behind with a modest increase of 0.56%, currently priced at $187.04. Trading volume remains high across the board, indicating continued activity in the market.

Highlights Of The Week

• Vitalik Buterin proposes incentivizing better decentralization of Ethereum by penalizing correlated failures among validators

• THORChain achieves over $10 billion in total monthly trading volume for the first time, sparking debate among Bitcoin maximalists on safety

• Over $1 billion worth of United States Treasurys now exist across Ethereum, Polygon, Solana, etc., aided by the launch of BlackRock USD Institutional Digital Liquidity Fund

• "BlobScriptions" method for minting data to Ethereum blockchain increases Blob fees and gains viral attention

• BlackRock CEO Larry Fink expresses satisfaction with firm’s spot Bitcoin ETF performance, reiterates bullish stance on Bitcoin

• KuCoin announces $10 million Bitcoin and KCS token airdrop amidst U.S. Justice Department charges against the exchange

• Tether Operations Limited expands AI focus, launches global recruitment drive for top-tier talent

• $7.5 billion token merger vote involving SingularityNet, Fetch.ai, and Ocean Protocol set for April 2

• Fidelity files S-1 application for spot Ether ETF with option to stake part of ETH holdings

Crypto Fear & Greed Index

Investor sentiment in the crypto market remains in the zone of "Extreme Greed" according to the Fear & Greed Index. Today's score of 80 sits slightly below yesterday's 83, but both figures suggest a market driven by optimism and potentially risky buying behavior. This could be a sign for caution for those considering entering the market, as periods of extreme greed often precede price corrections.

ATH coins

Digital currencies are known for their wild price swings. While reaching an all-time high (ATH) signifies a surge in demand, it doesn't ensure future success. Thorough research is crucial before investing in ATH coins, given the inherent volatility of the cryptocurrency market. Here are some recent high performers that have broken ATH barriers:

NAVI Protocol (NAVX) reaches a new peak of $0.3601. This impressive feat comes just today, indicating strong momentum for the NAVX token. While the current price sits slightly lower at $0.3407, the trading volume of $19.01 million suggests active interest in the market. NAVI Protocol: modular DeFi infrastructure with leading lending, LSDeFi on Sui, capital-efficient lending, robust LST DeFi services, and open-sourced smart contracts/SDK for high liquidity.

Propbase (PROPS) joins the party, reaching its ATH of $0.2331 today as well. Similar to NAVX, the current price of $0.2257 reflects a slight dip, but the $5.99 million trading volume hints at ongoing activity. Propbase tokenizes real estate on the Aptos blockchain for fractional ownership and easy investment.

Polytrade (TRADE) presents a unique case. Today marks its all-time high of $2.68, but interestingly, the current price remains exactly at that level. This suggests sustained buying pressure keeping the price at its peak, with a trading volume of $5.19 million further solidifying this notion. POLYTRADE uses blockchain to transform receivables financing, connecting buyers, sellers, insurers, and investors for a smooth trading experience.

REI Network (REI) showcases a different story. While reaching an ATH of $0.3171 today, the current price sits at $0.2191. This drop might indicate profit-taking by some investors, but the substantial trading volume of $467.27 million suggests there's still significant interest in REI. REI Network is a next-generation blockchain framework. Designed for scalability, it offers Ethereum compatibility, high transaction speeds, and a fee-free experience.

Sanko GameCorp (DMT) takes the crown for the most significant price jump. The token skyrocketed to a staggering $60.01 today, marking its all-time high. Despite a slight correction to the current price of $57.50, the massive trading volume of $481,645.74 suggests a surge in investor activity surrounding Sanko GameCorp. DMT is a cryptocurrency powering games built on the Arbitrum platform.

Top Movers (24H)

With the cryptocurrency market continuing to demonstrate its trustworthiness as an investment avenue, those who previously hesitated are now eagerly adopting it, diversifying their investment portfolios with a range of digital assets. Moreover, existing crypto enthusiasts are consolidating their holdings, resulting in notable price spikes across various cryptocurrencies in the last day. Let's delve deeper into a few well-known cryptocurrencies that have experienced substantial price hikes recently.

KlimaDAO (KLIMA) is making a significant stride towards a greener future with a 58.06% surge in the last 24 hours. Currently priced at $3.72 with a trading volume of $3.05 million, KlimaDAO is building the infrastructure for a transparent and global Digital Carbon Market to accelerate climate finance.

Artrade (ATR) is stepping into the art world spotlight with a 48.15% gain in the past day. This Solana-powered marketplace for art Real World Assets (RWA) is currently trading at $0.05736 and has a trading volume of $3.98 million.

BarnBridge (BOND) is showing strong momentum with a 39.82% increase in the last 24 hours. Founded in 2019, this DeFi protocol focuses on tokenizing risks, essentially creating tradeable tokens for market volatility exposure. BarnBridge is currently priced at $6.29 with a significant trading volume of $103.95 million.

Blocksquare Token (BST) is making its mark on the real estate blockchain space with a 33.70% jump in the last day. Blocksquare, a technology company building infrastructure for transferring real estate assets onto the internet, is currently trading at $0.9013 with a volume of $4.05 million.

NuNet (NTX), the first project launched from the SingularityDAO Launchpad, is up 30.91% in the past 24 hours. Currently priced at $0.08932 with a trading volume of $2.04 million, NuNet is poised for further development.

Non-Fungible Tokens – Developments

• Ethereum reclaims top position in NFT market with daily sales reaching US$17.02 million

• VeChain launches Marketplace-as-a-Service (MaaS) platform to simplify blockchain adoption for businesses

• NFT game Munchables on Ethereum Layer 2 Blast loses $62 million in exploit, but team assures community: "All funds are safe"

NFTs To Watch

Azuki

The anime-inspired Azuki project continues to impress! Over the past 24 hours, Azuki saw a staggering 365% increase in volume, reaching a total of 1239 ETH.  The floor price also rose to 5.49 ETH, reflecting strong demand for these avatar NFTs. With a whopping 224 sales happening in that timeframe, it seems Azuki's exclusive online community, The Garden, is attracting a lot of attention.

Lil Pudgys

Lil Pudgys continue their impressive run!  These adorable penguin companions saw a 131% surge in volume, reaching 267 ETH traded within the last day. The floor price remains steady at 1.17 ETH, and 248 Lil Pudgys found new homes.

Azuki Elementals

Don't forget about the Azuki Elementals! This collection of 20,000 characters, residing within the four domains of the Azuki Garden, experienced a 166% change in volume over 24 hours, reaching 190 ETH. The floor price sits at an attractive 0.48 ETH, and with 343 sales happening during this period, it's clear that the Azuki ecosystem is booming. 

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

Best Regards,
Crypto Recorder Team

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