Unlock Exclusive Crypto Insights Now!

Dear Readers,

Strength continues to find itself consolidating throughout the cryptocurrency market in recent days, with positive sentiment creating the room for more bulls to jump into action. The king of crypto, Bitcoin, however, seemed to be facing a notable resistance at the $70,000 mark, even though briefly surpassing it on Monday. The consolidation remains a positive sign for the cryptocurrency market in general.

Highlights Of The Week

• A Russian Central Bank study recently revealed a 16.4% increase in Russian visits to major crypto exchanges, raising concerns over potential Western sanctions and user risks. This surge led to a reconfiguration of the Russian crypto market, especially after Binance's exit.

• Argentine CNV and Salvadoran CNAD officials met earlier last week to discuss bitcoin regulation and adoption, signaling a potential regulatory collaboration between the two countries. This follows earlier meetings focused on leveraging El Salvador's experience with cryptocurrency.

• JPMorgan has revealed its doubts about whether the SEC will approve solana or other spot crypto ETFs beyond bitcoin and ether. It cited ambiguity over ethereum's classification as a security. The SEC's approval of ether ETFs is seen as controversial and politically influenced by many specialists.

• A Chinese woman, Jian Wen, was arrested in the UK and sentenced to nearly seven years for laundering Bitcoin linked to a £5 billion fraud in China, where UK authorities seized over 61,000 Bitcoin. She denies all charges, claiming manipulation by a "mastermind."

• President Biden faces a June 3 deadline to decide on vetoing or signing a resolution overturning the SEC's controversial crypto rules. The resolution passed both the House and Senate despite a prior White House veto threat.

• 5,400% on Ethereum
• 10,800% on Chainlink
• 23,400% on Cardano

Top Weekly Gainers

Amid the ongoing crypto bull swing, the broader market is experiencing renewed optimism and a positive outlook not seen in a long time. Numerous winners are emerging from this market shift, resulting in crypto-holders locking in impressive gains. As of this newsletter's writing, the top crypto gainers of the week are outlined below:

Meme AI:

The standout winner this week is undoubtedly Meme AI (MEMEAI), which soared by an impressive 1750% in just seven days. This digital token functions as the native currency within the MEME AI ecosystem, enabling transactions and interactions for creating, sharing, and trading AI-generated memes and stickers.

Roost Coin:

Another notable winner is Roost Coin (ROOST), which saw a dramatic price surge yesterday, skyrocketing from $0.00090 to $0.02300, marking an astonishing 2400% increase. However, the peak was not maintained, and ROOST settled at its current price of $0.01600, resulting in a 1700% gain for the week. Despite this dip, the cryptocurrency's remarkable performance over the past seven days has led many in the market to dub it a hidden gem.

Tenti:

In a dramatic surge, Tenti (AIRTNT) experienced an extraordinary price increase of over 1600%, with trading volume reaching $47 million earlier today. Despite this impressive rise, market participants are urging caution, labeling the price jump as an artificial pump that could eventually collapse. These concerns stem largely from the absence of any recent project updates or developments.

Sora AI:

Sora AI (SORAI) experienced an impressive price surge over the past week, skyrocketing over 1400% from $0.00026 to $0.00370. Even more remarkable is Sora's current trading volume, nearing $1 million. The project has garnered significant interest since the AI boom, particularly due to its promising text-to-video feature.

Kitty AI:

During the past week, Kitty AI (KITTY) emerged as a remarkable performer, experiencing a substantial surge from $0.00028 to $0.00300, marking a phenomenal increase of over 1000%. This surge was largely fueled by bullish sentiment, with Kitty AI boasting a robust trading volume of $7 million. Kitty AI is tailored for AI enthusiasts and developers, serving as a pivotal component in an ecosystem dedicated to advancing AI tech.

Top Weekly Losers

Despite the market experiencing a remarkable bullish trend, numerous cryptocurrencies have still suffered significant price drops. Throughout the past week, many digital assets have inflicted substantial losses on their investors. As of the writing of this newsletter, the leading weekly decliners in the cryptocurrency space are outlined below:

Pepe AI:

This week, Pepe AI suffered a severe blow as its price plummeted by over 99%, plunging to $0.00000000132. Throughout the week, trading volume exhibited significant fluctuations, reaching peaks surpassing $23 million while plummeting to as low as $15,000 at times. This sharp decline in price occurs amidst increasing volatility surrounding this meme asset, known for its unpredictable fluctuations.

Cat (SOL):

Cat (SOL) also appears to be experiencing a significant decline in value lately following noteworthy news reports, taking its volume up to $40 million.

A freshly established wallet has splurged 1370 SOL ($230K) to acquire 632M CAT tokens, constituting 63.2% of the entire supply.

Nevertheless, despite this acquisition, there's a widespread sell-off underway, resulting in an 84% drop in CAT's value within just one week. Given its status as a meme token, such volatility isn't entirely surprising.

WJD:

WJD experienced a rapid decline in price shortly after its market debut. Despite being just over a day old, WJD finds itself among the week's biggest losers with a staggering 67% decrease, despite trading over $11 million in volume. As a meme token, it's anticipated to endure significant volatility given its rocky beginning.

Pambicoin:

The cryptocurrency newcomer, Pambicoin (PAMBI), has experienced a tumultuous ride in its first week of existence.

Initially, it soared from $0.01600 to $0.05800 before plummeting to $0.00096. Over the past two days, it has shown signs of recovery, with today's increase totaling 120%. Despite these fluctuations, Pambicoin has ultimately lost 71% of its value this week.

The market is still seeking a stable price range for this fledgling cryptocurrency, and continued volatility could be anticipated as trading volume stabilizes in the days and weeks ahead.

Hot ICOs To Watch Out For

Active ICOs

X RAYS

The ongoing token sale for the X Rays (RAX) protocol is currently underway and is set to conclude in approximately 48 hours. As of now, the ICO has amassed around $400,000 out of its targeted $2 million.

X Rays facilitates the tokenization of tangible assets like real estate or commodities, enhancing accessibility and liquidity in markets historically lacking in fluidity. This allows for fractional ownership and introduces a fresh avenue for investment. 

NuLink:

The NuLink ICO is still in full swing, staying active this week and poised to conclude within the next six days. Notably, the token sale has surpassed expectations, raking in $5.8 million compared to the initial goal of $200,000.

With the NuLink project, individuals retain control over their sensitive data, dictating access regardless of its storage location. Whether it's records or NFTs, the platform facilitates data encryption and streamlined sharing of access. 

StarkNet:

Another noteworthy ICO worth keeping tabs on is StarkNet (STRK), which has secured a hefty $282 million in funding. This ambitious initiative aims to wrap up its token sale by June 2024.

The Starknet Provisions Program, known as "Provisions," involves the distribution of StarkNet's own token (STRK) to eligible individuals, developers, and active community members who have contributed to the project.

By making the native token accessible to the community, StarkNet facilitates fee payments in STRK and fosters community involvement in network decentralization through participation in governance decisions and the decentralized proof-of-stake (PoS) framework planned for later phases.

Upcoming ICOs 

Lista:

The initiation of the Lista ICO is set to happen this week and is poised to grab attention across the market. This open-source liquidity protocol offers opportunities to earn yields on collateralized crypto assets and is anticipated to attract interest, particularly from individuals with substantial digital portfolios. Even before its official launch, Lista has secured $10 million in funding, highlighting the promising nature of its concept.

EstateX:

The widely acclaimed EstateX (ESX) has emerged as another noteworthy contender in the market spotlight lately. While its ICO is anticipated to launch sometime in June, the project has already secured $2.9 million in fundraising.

EstateX holds promise in opening doors for historically marginalized communities, providing them with access to wealth-building tools in real estate that were previously out of reach.

KvantsAI:

The Kvants.ai platform stands out as a significant asset to the cryptocurrency industry overall. This is evident from its ICO, which has already amassed an impressive $1.5 million, achieving 86% of its target even before the token sale commences. 

The platform operates as a decentralized asset management platform, providing access to AI-driven trading strategies. It serves as a hub for top-tier trading algorithms enhanced by AI and machine learning, aimed at facilitating more informed investment choices and support.

Ended ICOs

Laika AI:

The ICO of Laika AI (LKI), proved to be remarkably successful, pulling in an impressive $1.67 million, reaching its entire fundraising goal. LKI emerges as a highly promising AI utility token, attributing its overwhelming success to its innovative approach.

Laika AI represents a forward-thinking endeavor, blending artificial intelligence with blockchain security to spearhead decentralized intelligence solutions.

Peaq:

Peaq (PEAQ) stands as another notable instance of an ICO that was executed with distinction, sparking considerable chatter across the market.

Teneo's platform for machine tokenization transforms income-producing machines into fluid on-chain tokens. Its emphasis on Real-World Assets (RWAs) of machines and a multi-chain approach positioned it as our preferred blockchain solution.

Hottest Airdrops

Cryptopia: 

1. Head over to the Cryptopia airdrop page and register to join the airdrop.

2. After confirming your email and successfully logging in, kick off the airdrop adventure by selecting your preferred path within the game.

3. You'll have three exciting paths to choose from: Cryptopia, Pirates, and Bounty Hunters. Once you've made your choice, select one of the four factions displayed on the airdrop page.

4. Verify your Discord account, hop into the designated channel, and complete the verification process.

5. Link your wallet and switch to the Polygon network.

6. Rack up free power points by completing various tasks, such as completing X tasks, attaining special roles in the Cryptopia Discord server, signing up for an account in the actual game, visiting an in-game location, and crafting items within the game.

7. Boost your power points by owning frontier ships, with the ability to increase your points anywhere from +50% to +250%, depending on your ship's rarity.

8. Reach different milestones to unlock reward multiplier upgrades, enhancing your airdrop experience.

9. Invite your friends to earn an additional 100 power points. Plus, each indirect referral nets you even more power points.

Agora:

1. Begin your journey by navigating to the Agora Galxe and Zealy Quests pages.

2. Register for the airdrop by connecting through your preferred social media platforms or using your wallet address.

3. Engage in diverse social activities to accumulate XP without spending a dime.

4. The airdrop has set aside a generous pool of 1 million AGA tokens for distribution. 

Token Metrics:

1. Go to the Token Metrics Galxe Quest page.

2. Sign in using your X account, Discord account, or email address.

3. Finish simple social tasks to accumulate points without cost.

4. The greater the number of tasks you finish, the more points you'll gather, enhancing your chances to acquire a larger portion of TMAI token rewards.

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!