This Week in Crypto: Leading Market Gainers, Decliners, and Future ICOs

Dear Readers,

Crypto prices have struggled to maintain yesterday's rally, with the global market now showing a general downward trend, as indicated by the crypto heat map. The total market capitalization has fallen by 2.28%, settling at $2.16 trillion. Bitcoin, which peaked at $64,413 earlier today, has seen a notable pullback and is now trading at $62,267, marking a 1.92% decrease in the past 24 hours. Similarly, Ethereum has also faced a decline, dropping 2.48% to a price of $2,425.

Highlights Of The Week

• U.S. Supreme Court declines to hear Battle Born Investments' case over 69,370 Bitcoin, worth $4.38 billion, seized from Silk Road.

• 21Shares urges EU regulators to create a unified regulatory framework for including crypto in investment products.

• Hong Kong's Securities Futures Commission plans to issue more licenses to crypto exchanges and digital asset firms by year-end.

• European Central Bank official proposes a "European ledger" to unify European digital assets and money for increased efficiency.

• National Bank of Bahrain launches its first Bitcoin investment fund aimed at institutional investors in the Middle East's Gulf Cooperation Council.

Top Weekly Gainers

In the ever-evolving world of cryptocurrency, where volatility is the norm, experienced traders thrive by pinpointing the highest-performing assets each week that exhibit strong financial prospects. By staying alert and closely monitoring market trends and price shifts, investors can capitalize on these opportunities, potentially refining their investment strategies for better results.

GenomeFi (GENO) is leading the pack with a current price of $0.04195, reflecting an increase of 81.17% and a trading volume of $1.914 million. This innovative platform aims to enhance genome and bio content through an AI-based Web3 genome Decentralized Identifier (DID) system. By bridging the gap between bio Web2.0 companies and Web3.0, GenomeFi utilizes AI big data technology to create a bio content business model and offers DID services through NFTs.

Suiman (SUIMAN) follows closely, priced at $0.002951 after a 58.37% rise, with a robust volume of $8.85 million. Developed on the Sui blockchain, Suiman is designed to provide users with a seamless token experience within the Sui ecosystem. Launched in 2024, the project features a total supply of 1 billion tokens, with a portion of the liquidity pool permanently burned to enhance long-term scarcity.

First Neiro On Ethereum (NEIRO) has also made waves, trading at $0.001687 with a 48.20% increase and a staggering volume of $1.16 billion. This unique project honors Neiro, a newly-adopted Shiba Inu dog previously owned by the famous Kabosu, the original Doge. The NEIRO token is the first of its kind deployed on Ethereum, fully owned and managed by its passionate community.

Civic (CVC) is another noteworthy contender, currently priced at $0.1743, marking a 28.07% gain and a volume of $303.94 million. Civic provides a blockchain-based identity management solution, empowering individuals and businesses to maintain control and protection over their personal identity information.

Cheems (CHEEMS) has surged significantly, now trading at $0.061576 with an increase of 124.99% and a volume of $3.81 million. After facing various market challenges, Cheems has relinquished control over its contract, committing fully to the market and its community.

PolySwarm (NCT) rounds out our list with a current price of $0.01812, experiencing a 19.75% increase and a trading volume of $8.70 million. As a crowdsourced threat intelligence marketplace, PolySwarm offers an effective way to detect, analyze, and respond to emerging threats that often evade traditional solutions.

Top Weekly Losers

Each week, the ever-changing cryptocurrency market showcases both advancements and setbacks. The leading weekly decliners underscore the persistent challenges of regulatory shifts, market instability, and media scrutiny. Nevertheless, this period provides traders and investors with a valuable chance to reevaluate their approaches and strive for better outcomes.

SelfKey (KEY) currently stands at $0.003587, reflecting a sharp drop of 32.61%. Binance, a leading cryptocurrency exchange, has issued a warning to delist several tokens, including SelfKey, causing increased market discussions.

VIDT DAO (VIDT), priced at $0.03338 with a 26.20% decline, continues to make strides in the blockchain world. As an open-source platform, VIDT DAO leverages timestamping technology within its Web3 ecosystem to enhance data and document integrity, restoring digital trust through blockchain solutions.

Beam (BEAM), with a current price of $0.01513 and a 24.48% decrease, serves as the native crypto asset of the Beam network, a platform empowering gamers and developers through the Beam DAO. This gaming ecosystem is shaping the future of the industry by fostering collaboration among creators.

Render (RENDER), trading at $5.20 with a 21.56% dip, remains the top provider of decentralized GPU-based rendering solutions. By connecting node operators with artists seeking scalable 3D rendering capabilities, Render Network is transforming the digital creation process.

SUNDOG (SUNDOG), priced at $0.2465 after a 21.83% drop, has garnered significant attention following its partnership with Burrito Wallet. This collaboration has strengthened its presence in South Korea, where SUNDOG recently surpassed BTC and ETH in trading volume on Coinone.

Hot ICOs To Watch

Active ICOs

Since its sale began on September 19, 2024, Sonic has raised $12 million across three funding rounds. As an atomic chain SVM, Sonic is designed to fuel a sovereign gaming economy on Solana, allowing developers to build independent game economies seamlessly integrated within the Solana ecosystem.

Formerly known as Tortle Ninja, AutoLayer is making strides as the premier LRTfi hub on Arbitrum. With a sale that started on September 30, 2024, and is set to conclude on October 10, 2024, the project has already raised $2.5 million across three rounds, cementing its position as a key player in the Layer 2 finance landscape.

Kima Network, which kicked off its sale on October 4, 2024, and will end on October 10, 2024, has fundraised $6 million through six rounds. This cross-ecosystem money transfer protocol offers seamless, secure interoperability between traditional finance (TradFi) and decentralized finance (DeFi) without relying on smart contracts, ensuring secure and efficient transactions across platforms.

Upcoming ICOs

The Babylon project will launch its sale on October 9, 2024. Having fundraised $88 million over six rounds, Babylon focuses on developing security protocols that enable Bitcoin to secure a decentralized world.

Following this, the deBridge sale is set to begin on October 15, 2024. With $5.5 million raised across three rounds, deBridge offers a cross-chain interoperability and liquidity transfer protocol, facilitating truly decentralized asset transfers between various blockchains.

Finally, the CratD2C sale will take place from October 17 to October 21, 2024. CratD2C has raised $559,000 in four funding rounds and aims to set a new benchmark in the blockchain space by combining the strengths of Delegated Proof of Stake (DPoS) with Layer-1 architecture, ensuring enhanced security, speed, and scalability.

Ended ICOs

The sale for Trakx ended on October 7, 2024, raising $3.69 million across five rounds. As a regulated platform for crypto-index trading, Trakx provides thematic Crypto Tradable Indices (CTIs) and innovative trading strategies, making it a significant player in the evolving crypto market.

DexToro concluded its sale in the fourth quarter of 2024, achieving a total fundraising of $268,000 over two rounds. This decentralized on-chain derivatives protocol, developed by a team of professional traders and developers, aims to create open, secure, and powerful financial products that enhance the trading experience.

Degen Distillery's sale ended on October 1, 2024, with a fundraising total of $1.84 million across five rounds. The company is transforming the spirits industry through its innovative concept of Social Distribution, a groundbreaking marketing model enhanced by smart contracts and digital assets within blockchain ledgers.

Hottest Airdrops

 YouHodler

• Navigate to the designated campaign page for the YouHolder Zealy airdrop.

• Sign in using your email address, Discord account, or WalletConnect.

• Complete various tasks to accumulate XP.

• Follow the YouHodler Discord server to stay informed about the latest Zealy tasks.

• Aim to complete as many tasks as possible to enhance your YHDL bag!

ZAP

• Navigate to the official ZAP website to get started.

• Link your wallet to the ZAP dashboard for seamless interaction.

• Choose the BASE option available on the Drops Landing page.

• Enter Chapter 3 to explore all the available projects.

• Finish every mission within each project to maximize your XP and share in the reward pool associated with each individual project.

• Become a member of their Discord community to receive the latest announcements and updates.

• Follow ZAP on X and enable notifications to stay informed about new missions and rewards.

Best Regards,
Crypto Recorder Team

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