Exploring the Crypto World: Market Trends, Top Coins, and NFT Innovations

Dear Readers,

Bitcoin has hit a new milestone, surpassing the six-figure mark during its all-time high today and continuing its upward trajectory. In the last 24 hours, its value has increased by 6.35%, trading at $102,935. Other major cryptocurrencies have shown mixed performance: Ethereum (ETH) gained over 4%, while XRP dropped by 8.28% and Solana (SOL) declined by about 0.22%. Overall, the global cryptocurrency market expanded by 3.21%, reaching a valuation of $3.65 trillion.

Highlights of The Week

• Haliey Welch’s memecoin “HAWK” plunged 90% post-launch, sparking controversy over alleged insider sales, which Welch denies.

• BIT Mining credits widened profit margins to its pivot to Dogecoin and Litecoin mining with LD3 machines acquired from Bee Computing.

• Bankrupt exchange Mt. Gox transferred 24,000 Bitcoin worth $2.5 billion to an unknown address after the cryptocurrency crossed $100,000.

• Hut 8’s stock jumped nearly 8% after announcing a $500 million stock repurchase program aimed at strategic growth and Bitcoin reserves.

• Nine crypto founders secured spots in Forbes’ 2025 finance category, representing a third of the list.

• Solana’s Austin Federa co-founded DoubleZero, a protocol aimed at enhancing bandwidth and reducing latency for blockchain and gaming networks.

• Binance.US listed memecoin Pepe as competition grows among U.S. crypto exchanges to capture the memecoin market.

• India’s digital asset revenues are projected to exceed $6 billion in 2024, with BitGo exploring entry into the market.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index has risen from an “Extreme Greed” score of 78 to 84, signaling a boost in market sentiment. This increase coincides with Bitcoin surpassing the six-figure mark. The sustained high levels on the index demonstrate robust investor optimism and an increased eagerness to participate in the market, underscoring growing confidence in the current cryptocurrency rally.

ATH Coins

Achieving an all-time high (ATH) is a significant accomplishment for any cryptocurrency, signaling strong market performance and growing investor trust. Yet, even at these record-breaking levels, the market's inherent volatility serves as a critical reminder to proceed with care. Thorough, informed research is vital when considering investments at such elevated positions. Here’s a review of the latest cryptocurrencies that have recently hit new ATH milestones.

Sui (SUI) is making notable strides in the cryptocurrency market, currently trading at $3.78, just below its all-time high (ATH) of $4.00 reached today. The coin has garnered significant attention with a trading volume of $2.51 billion. In an exciting development, Republic, a private market investment platform, and Sui Foundation have partnered to launch the Sui LaunchPad, with DeLorean Labs as the first token issuer on this new platform.

OX Coin (OX) is currently priced at $0.03362, just shy of its ATH of $0.03456 set today. The cryptocurrency is experiencing a trading volume of $3.12 million. OX.FUN, the derivatives exchange behind OX, offers a platform where users can trade over 200 cryptocurrencies with leverage of up to 50x. The exchange also supports memecoin collateral, which allows for greater portfolio diversification.

WeFi (WFI) is nearing its ATH of $0.2797, which was reached earlier today, and is currently trading at $0.2743 with a trading volume of $1.78 million. WeFi stands out in the crypto space as a cutting-edge financial ecosystem, combining wallets, crypto-collateralized cards, neobank features, and advanced AI-driven compliance powered by Zero-Knowledge Proofs.

Morphware (XMW) is also trading near its ATH of $0.1395, with the current price sitting at $0.1333 and a trading volume of $1.59 million. As a leader in Web3 AI, Morphware offers a range of services including Large Language Models, AI Agents, and decentralized machine learning solutions, positioning itself as a key player in the Web3 ecosystem.

GAMA Coin (GAMA) is trading at $0.9409, still below its ATH of $1.18, which was reached earlier this week on Tuesday. With a trading volume of $4.78 million, GAMA powers the GAMA Web3 gaming platform, where players earn tokens through victories while token burns occur with losses, creating a deflationary mechanism that enhances its value proposition.

Top Movers (24H)

The cryptocurrency market is steadily establishing itself as a credible investment option, attracting previous skeptics who are now embracing digital assets with renewed interest. At the same time, experienced crypto investors are boosting their stakes, driving significant price increases in several cryptocurrencies over the past 24 hours. Here, we spotlight some of the top performers that have shown remarkable growth recently.

SwftCoin (SWFTC), the native cryptocurrency of the SWFT Blockchain platform, has made the biggest leap with a 61.34% price increase. Trading at $0.01158, SWFTC operates across multiple blockchains, including ERC20 and Binance Smart Chain. The token has generated a remarkable trading volume of $138.94 million, reflecting its strong market momentum and versatility.

Following closely behind, Giant Mammoth (GMMT) has seen a significant 55.47% increase. Priced at $0.01793, this token, tied to the Web3 lifestyle service platform built on the proprietary Giant Mammoth Chain, has captured considerable market attention. With a trading volume of $2.54 million, GMMT is positioning itself as a notable player in the crypto market, drawing investor interest alongside SWFTC’s rise.

Wilder World (WILD) also stands out with a strong 54.18% increase in value. Trading at $0.6625, WILD powers the Wilder World metaverse, offering utility for trading, generating resources, and governance. With a trading volume of $12.06 million, WILD's growth highlights the ongoing demand for tokens tied to immersive metaverse experiences, solidifying its place among the top movers.

In a similarly impressive showing, Smoking Chicken Fish (SCF), the governance token for the decentralized Church of the Smoking Chicken Fish, has surged by 51.25%. Priced at $0.05937 with a trading volume of $8.79 million, SCF’s unique niche has garnered attention, contributing to its swift rise in the market.

Finally,PolkaBridge (PBR),the decentralized cross-chain protocol bridging Polkadot with other blockchains, has seen a 31.34% increase. Trading at $0.1088, PBR’s price surge is complemented by a trading volume of $2.36 million, further emphasizing its potential in enabling seamless cross-chain interoperability within the growing decentralized finance (DeFi) ecosystem.

Non-Fungible Tokens – Developments

• Yuga Labs has acquired the tech team of Tokenproof to strengthen its NFT infrastructure, aiming to enhance accessibility and utility in the Web3 space.

• Alien Worlds blockchain game issued a warning about the resurgence of fake NFT collections, urging its community to verify the authenticity of NFTs before purchasing.

• Recent data from Blur shows a significant recovery in floor prices of blue-chip NFT collections, with increases exceeding 30% across the board over the past week.

• RTFKT, the NFT virtual sneaker creators acquired by Nike in 2021, announced they will sunset operations in January 2025.

NFTs To Watch (24H)

Bored Ape Yacht Club

The Bored Ape Yacht Club continues to dominate with impressive statistics, seeing a volume of 727 ETH in the last 24 hours, reflecting a significant 65% increase in volume. With 33 sales recorded, the floor price for these unique digital collectibles now stands at 23.25 ETH. The Bored Ape Yacht Club is a collection of 10,000 distinctive Bored Ape NFTs, living on the Ethereum blockchain, offering holders exclusive benefits and access to a thriving community.

Pudgy Penguins

Another collection making waves is Pudgy Penguins, which has seen a volume of 650 ETH, marking an 81% surge in volume. The sales for this collection reached 43, with the floor price sitting at 16.33 ETH. Pudgy Penguins consists of 8,888 NFTs that not only offer unique artwork but are also accelerating Web3 innovation through the strategic use of intellectual property and the empowerment of its vibrant community.

Lil Pudgys

Lil Pudgys, a collection of 22,222 NFTs originating from the Pudgy Penguins universe, is also witnessing strong performance. With a volume of 241 ETH and a 34% increase in volume, Lil Pudgys have sold 147 NFTs in the past 24 hours. The floor price for this collection is currently 1.64 ETH. As an integral piece of the Pudgy Penguins history, Lil Pudgys continues to be a notable part of the NFT landscape.

 
Best Regards,
Crypto Recorder Team

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