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Market Swings and Rising Stars: This Week's Crypto Headlines
Crypto Recorder Team
April 09, 2024
Crypto Recorder is a bi-weekly email newsletter Powered by StocksTelegraph.com
Dear Readers,
The price of Bitcoin dipped on Tuesday, trading below its recent all-time highs. Investors are looking for clues about the upcoming halving event and important U.S. inflation data. Bitcoin, the world's biggest cryptocurrency, fell 2.44% in the past day to $70,426. This decline is likely due to investors waiting for the release of U.S. inflation data on Wednesday, which could impact interest rates.
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Highlights Of The Week
BitMEX co-founder Ben Delo faces class-action lawsuit over alleged price manipulation.
Coinbase-backed Base network surpasses Arbitrum in active addresses on Ethereum layer-2.
US securities regulator delays decision on NYSE's spot Bitcoin ETF options trading.
1inch Network introduces a new debit card with the crypto-to-fiat bridge in partnership with Mastercard and Baanx.
Polkadot blockchain hits a record high with over 600,000 active addresses.
Detained Binance executive Tigran Gambaryan pleads not guilty to money laundering charges in Nigeria.
Frax Finance approves $250 million allocation of USDe to a new liquidity pool via community governance proposal.
HashKey Group launches global crypto exchange, HashKey Global, in Bermuda, following Coinbase's footsteps.
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Top Weekly Gainers
Amid the tumultuous cryptocurrency scene, acknowledged for its inherent volatility, discerning traders exhibit a talent for identifying Weekly Gainers brimming with promising opportunities for financial growth. Through the embrace of a proactive mindset and meticulous tracking of market trends and price fluctuations, investors can capitalize on these opportune moments, potentially revolutionizing their investment strategies for optimal outcomes.
Leading the charge was Medieval Empires (MEE), a blockchain strategy game featuring actor Engin Altan Düzyatan. The MEE token skyrocketed 114.34% in the last seven days, reaching a current price of $0.02613. Trading volume for MEE sits at $1.15 million over the past day.
Following closely behind was MATH (MATH), a one-stop crypto platform offering a digital wallet, decentralized app store, and staking services. The MATH token itself jumped an impressive 103.46% over the past week. Currently, MATH is priced at $0.3835, with a daily trading volume of $32.73 million.
DeFi protocol Bella Protocol (BEL) was another major gainer in the last 7 days. The BEL token surged 93.6%, reaching a current price of $2.01. The daily trading volume for BEL sits at $98.44 million. Bella Protocol offers a suite of financial products designed to simplify and broaden access to crypto banking.
Nervos Network (CKB), an open-source public blockchain ecosystem, also saw significant gains this week. The CKB token soared 90.35% in just seven days. Currently, CKB is priced at $0.03251, with a daily trading volume of $313.20 million. Nervos Network's focus is on creating a peer-to-peer crypto-economy where users can access a wide range of secure blockchain services.
Rounding out the top gainers this week was Alephium (ALPH). The ALPH token grew by 56.58% over the past week. The current price of ALPH sits at $3.44, with a daily trading volume of $3.58 million. Alephium's project aims to address challenges faced by decentralized applications, focusing on accessibility, scalability, and security.
Charlie Shrem first bought Bitcoin in 2011, and has been called "Bitcoin royalty" after its 200,000% rise since.
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Top Weekly Losers
In the ever-evolving world of cryptocurrencies, weekly narratives unfold, spotlighting triumphs and challenges. Individuals in the space grapple with regulatory shifts, market uncertainties, and unwarranted media attention, reaching a pivotal moment. Despite setbacks, this week provides traders and investors with a critical opportunity to analyze strategies and outline a path for success. Noteworthy downturns were observed in several cryptocurrency tokens during this week.
DUKO (DUKO), the self-proclaimed "meme coin with a heart," took a hefty tumble, plunging 45.21% over the past seven days. Despite its focus on community and humor, DUKO's current price sits at $0.001572 with a daily trading volume of $4.11 million.
Wormhole (W), a leading platform facilitating connections between different blockchains, wasn't immune to the downturn. The W token declined 34.97% in the last 7 days, reaching a current price of $0.8971. The daily trading volume reached at $390.96 million.
v.systems (VSYS), an open-source network for building decentralized applications, also faced a setback this week. The VSYS token plummeted 24.87% in the last seven days, bringing its current price to $0.001405. The daily trading volume for VSYS sits at $2.42 million.
Ellipsis (EPX), the project behind the Phoenix decentralized protocol built on Solana, wasn't spared from the decline either. The EPX token fell 21.67% this week, reaching a current price of $0.0002792. Daily trading volume for EPX sits at $4.37 million.
Rounding out the top losers this week is Waves (WAVES), a versatile blockchain platform supporting various applications. The WAVES token fell 20.45% over the past week, bringing its current price to $3.27. Its trading volume remains steady at $84.51 million per day.
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Hot ICOs To Watch Out For
Active ICOs
SatoshiDEX is a decentralized exchange (DEX) built on the Stacks blockchain, a layer-2 blockchain connected to Bitcoin through Proof-of-Transfer (PoX) consensus. Their ICO sale started on February 29th and is nearing its end date of April 30th. They have already raised over $1.5 million towards their $2.2 million fundraising goal.
Ordify is a suite of investment products designed to enhance your experience across various blockchain networks. Their offerings include a launchpad, bridge, and wallet, with plans to explore adding further tools to the suite in the future. Their ICO sale just started on April 4th and will run until April 10th. They have nearly reached $2 million towards their $3.08 million fundraising goal.
Finally, there's GAM3S.GG, a web3 gaming platform that combines game discovery, reliable content, trustworthy reviews, and investment opportunities. Launched on April 4th, their ICO aims to raise $5 million and is on track to achieve that target, having already secured $4 million. Their sale will continue until April 11th.
Upcoming ICOs
Umoja, a DeFi protocol that empowers anyone to build smart, self-sustaining money, has its ICO sale scheduled for sometime this April. Though the exact start date remains undisclosed, their $10,000,000 fundraising goal indicates a highly ambitious project.
Legends of Elysium, an innovative strategic play-to-earn card game set in a fantasy world, is also set to launch its ICO this April. With a fundraising target of $2,070,000, they aim to bring a new dimension to the world of crypto gaming.
Lastly, we have Engines of Fury, a Runescape-inspired duel arena game built on Unity. This project boasts rich 3D visuals and a variety of single and multiplayer gameplay modes. Their ICO sale is also planned for sometime in April, with a fundraising goal of $4,500,000.
Ended ICOs
R Games, a gaming platform offering a variety of gameplay options like story mode, street racing, and more, concluded its ICO on April 7th. The project, which began its sale on March 28th, managed to hit its fundraising target of $1,840,000.
PrivateAI, the world's first Data-as-a-Service platform powered by knowledge graphs, recently concluded its ICO on April 7th. Their innovative platform allows data owners and producers to securely showcase and monetize their complex datasets and intellectual property. The project raised its $1,860,000 goal, demonstrating the potential of PrivateAI's solution in the data monetization landscape.
SatoshiSync, the first permissionless chain agnostic protocol for inscriptions and BTC L2, wrapped up its ICO sale on April 3rd. Designed to operate across various blockchains, SatoshiSync aims to streamline processes for inscriptions and Bitcoin layer 2 transactions. The project achieved its fundraising target of $1,120,000, paving the way for further development and the implementation of its protocol.
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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. I'll get back to you asap!