Top Crypto Picks and the Latest NFT Happenings

Dear Readers,

Bitcoin has hit another record high today, reaching a price of $97,862.64 and pushing its market value to $1.92 trillion, driven by interest in ETF options and increased market activity. Currently, it is trading slightly lower at $96,899.04, up 4.69% over the past 24 hours. Meanwhile, other major cryptocurrencies showed smaller gains, with Ethereum (ETH), XRP, and Solana (SOL) rising by less than 2%. However, Bitcoin Cash (BCH) and Bitcoin SV (BSV) stood out, climbing by 20.19% and 12.35%, respectively. Overall, the global cryptocurrency market value increased by 2.71%, reaching $3.17 trillion.

Highlights of The Week

• Bitwise competes with VanEck and Canary Capital, registering a statutory trust in Delaware for a potential spot Solana ETF and hinting at filing an S-1 registration with the SEC.

• Phishing scammers impersonating Coinbase support earn five-figure weekly incomes, leveraging leaked data to target CEOs, CFOs, and software engineers.

• A Shanghai judge calls virtual currency a commodity with property attributes in commentary on a 2017 business dispute, providing insights into China's crypto legal framework.

• U.S. prosecutors announced criminal charges against five individuals believed to be members of Scattered Spider, a loosely organized group of hackers accused of infiltrating numerous U.S. companies to steal confidential data and cryptocurrency.

• The SEC has postponed its decision on Franklin Templeton’s proposed Crypto Index ETF, extending the review period until January 2025 to allow for further evaluation of the filing.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index recently edged lower, dropping from 83 to 82, yet it continues to signal "extreme greed." This slight decline follows a notable upswing in cryptocurrency prices, with Bitcoin reaching a fresh all-time high today. The sustained high level of the index reflects robust investor sentiment and an increased appetite for market participation, underscoring growing confidence in the current crypto rally.

ATH Coins

Achieving an all-time high (ATH) signifies a cryptocurrency's outstanding performance and heightened investor enthusiasm. Despite reaching these record-breaking levels, market volatility continues to play a significant role, underscoring the need for caution. Thorough and informed analysis is critical before committing to investments in cryptocurrencies at their ATH. Below is an overview of the latest standout performers that have recently set new ATH benchmarks.

WhiteBIT Coin (WBT) reached its all-time high (ATH) price of $24.28 on November 21, 2024. Currently priced at $24.14, WBT holds a market volume of $33.48 million. As the native coin of WhiteBIT, one of Europe’s largest cryptocurrency exchanges, WBT plays a key role in the platform’s expansive ecosystem. Founded in 2018, WhiteBIT has grown to become a leading crypto exchange with over 4 million users worldwide, continuing to expand its influence in the crypto market.

MESSIER (M87) achieved an ATH of $0.0001011 on November 21, 2024. The current price stands at $0.00009473, with a trading volume of $2.68 million. MESSIER is at the forefront of decentralized finance (DeFi) innovations, offering a diverse suite of solutions aimed at overcoming the challenges faced by cryptocurrencies. The project’s mission is to enhance the position of cryptocurrencies in the global financial system, making them a more formidable alternative to fiat currencies.

Dogecast (DOGECAST) reached an ATH price of $0.02581 on November 21, 2024. It is currently priced at $0.01568, with a volume of $7.79 million. Inspired by a viral tweet that encapsulated the spirit of meme culture, DOGECAST aims to bring the fun and energy of DOGE to the blockchain. By amplifying the influence of the popular meme cryptocurrency, DOGECAST seeks to engage users and foster a lively community.

The aixbt token (AIXBT) peaked at $0.05468 on November 21, 2024. Currently trading at $0.05513, AIXBT has seen a volume of $4.33 million. AIXBT is a crypto market intelligence platform powered by AI, designed to provide token holders with a strategic advantage in the rapidly evolving digital asset space. By leveraging advanced narrative detection and alpha-focused analysis, AIXBT automates the tracking and interpretation of market trends, offering users valuable insights into potential investment opportunities.

Orbitt Token (ORBT) reached an ATH of $0.3644 on November 21, 2024. At the time of writing, it is priced at $0.3512, with a trading volume of $2.77 million. Orbitt positions itself as a key player within the Solana Network, acting as a comprehensive hub that drives innovation and success for leading crypto projects. The platform provides a wide range of services tailored to both traders and developers, helping foster growth and success within the Solana ecosystem.

Top Movers (24H)

The growing recognition of the cryptocurrency market as a credible investment option has prompted former skeptics to embrace digital assets, integrating them into their portfolios with renewed enthusiasm. At the same time, experienced crypto investors are doubling down on their holdings, driving significant price increases across various cryptocurrencies over the past 24 hours. Below, we spotlight some of the top-performing cryptocurrencies that have recently achieved remarkable price surges.

The current price of Nutcoin (NUT) is $0.063238, reflecting a significant change of 747.59%. With a current volume of $2.52M, Nutcoin is a memecoin deployed on the Ethereum blockchain, featuring a fixed capped supply. Created for entertainment purposes, NUT aims to build a strong community around the creation and sharing of NUTS memes. This surge in value signals growing interest and engagement within the memecoin space.

BeFi Labs (BEFI) is currently priced at $0.03304, with a notable change of 114.44%. Its current volume stands at $1.75M. BeFi Labs connects Web3 users to the BRC20 ecosystem, enabling the use of tools like MetaMask for the instant trading of BRC20 tokens, all with zero transaction fees. This breakthrough innovation simplifies access to decentralized finance (DeFi) and enhances liquidity for users within the Web3 space.

Priced at $0.005659, Troy (TROY) has experienced a change of 47.51%. The current trading volume is $176.70M. As a global prime broker, Troy specializes in crypto trading and asset management services. It offers institutional clients and professional traders access to a range of products such as spot and margin trading, derivatives, data services, custody, lending, and staking—all within one account. This integration streamlines the trading experience for advanced users.

Fartcoin (FARTCOIN) is currently valued at $0.3265, showing a change of 45.43%. With a trading volume of $90.09M, Fartcoin is an innovative cryptocurrency project focused on promoting fairness, transparency, and inclusivity. By aiming to reshape the landscape of cryptocurrency, it attracts attention for its approach to building a more equitable and transparent crypto ecosystem.

PaLM AI (PALM) is currently priced at $0.6898, reflecting a change of 39.50%. The current volume stands at $1.01M. $PALM serves as the utility token for PaLM AI, a multi-platform AI chatbot. This token allows users to engage in various activities, including conversations, coding, image generation, and vision-based tasks. PaLM AI stands out by supporting different forms of input, such as voice messages and imagery, providing a rich and versatile experience for users.

Non-Fungible Tokens – Developments

• Blockchain Legal Precedent: An S.D.N.Y. Bankruptcy Judge approved Celsius’s motion for alternative service, allowing legal notifications via NFT airdrops to defendants' digital wallets.

• NFT Event Management Milestone: Naver Pay partnered with ShardLab to integrate NFT-based ticketing at DAN24, its annual tech conference, managing 20,867 NFTs and 8,849 transactions for 6,000 attendees in two days.

• Shaquille O’Neal Settlement: NBA legend Shaquille O’Neal agreed to an $11 million class-action settlement for Astrals NFT investors and resolved claims in an FTX lawsuit, pending court approval.

NFTs To Watch (24H)

This week, Memeland Captainz recorded a trading volume of 59 ETH, reflecting a +19% increase. With a floor price of 2.19 ETH and 25 sales, the collection of 9,999 Captainz continues its journey through the Broken Seas in search of the legendary treasure, “Memeland.”

Meanwhile, rektguy experienced a staggering +1,041% surge in volume, reaching 29 ETH. With a floor price of 0.43 ETH and 66 sales, this collection embodies the spirit of traders navigating crypto’s ups and downs, represented by the rektguy character—a nod to those "wrecked" by market swings.

Mocaverse, the membership NFT collection by Animoca Brands, saw a +350% volume increase, totaling 19 ETH. The 8,888 unique Mocas, categorized into five vibrant tribes—Angels, Builders, Dreamers, Connectors, and Neo-Capitalists—boast a floor price of 1.49 ETH with 17 sales, exemplifying unity and creativity within the community.

Best Regards,
Crypto Recorder Team

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