This Week in Crypto: Leading Gainers, Losers, ICOs & Airdrops

Dear Readers,

The cryptocurrency market exhibited mixed price action today. Bitcoin (BTC), BNB (BNB), and Solana (SOL) experienced volatility, while XRP reached a high of $0.62 over the past 24 hours. The global market capitalization for cryptocurrencies declined by 0.87% to $2.42 trillion. The price of Bitcoin settled at $67,916, representing a decrease of 0.52% in the last day. Conversely, Ethereum with the ticker symbol ETH, traded at $3,518, reflecting a gain of 1.08% from yesterday.

Highlights Of The Week

• Mt. Gox moved over 47,500 Bitcoin worth nearly $3.2 billion to two unknown addresses on July 23.

•  Spot Ether ETFs have been approved to begin trading in the US on July 23, following SEC approval on July 22.

•  NPC Labs, founded by three ex-Coinbase employees, raised $21 million to boost GameFi development on Coinbase’s Ethereum layer-2 network Base.

•  Bitcoin miner HIVE Digital Technologies plans to build a 100-megawatt mining site in Paraguay, aiming to more than double its mining hashrate.

•  Swan Bitcoin CEO Cory Klippsten announced the company would cancel its plans for an IPO “in the near future” after shutting down its mining operations.

Top Weekly Gainers

Within the rapidly shifting and naturally volatile cryptocurrency sector, astute traders have a talent for discovering Top Weekly Gainers rich with potential for financial growth. By staying engaged and vigilantly tracking market trends and price changes, investors can capitalize on these prime opportunities, potentially transforming their investment strategies for the best possible outcomes.

Leading the charge is Alephium (ALPH), surging over 54% in the past seven days. This explosive growth is attributed to the news of ASIC (Application-Specific Integrated Circuits) being introduced for mining by industry giant BITMAINtech. These specialized chips could significantly boost Alephium's mining efficiency and potentially propel the token further. At its current price of $1.91, Alephium is backed by a trading volume of $4.37 million.

Hot on Alephium's heels is Tokemak (TOKE), a decentralized protocol designed to streamline liquidity within the DeFi (Decentralized Finance) space. TOKE soared over 50% in a week, reaching a current price of $0.8803. This impressive gain is supported by a trading volume of $9.78 million, showcasing investor confidence in Tokemak's ability to create a more efficient and sustainable DeFi ecosystem.

Meanwhile, Hippocrat (HPO) is making its mark in the healthcare sector. This blockchain-based platform, currently priced at $0.06935, aims to revolutionize medical data management by offering secure, transparent, and efficient solutions. HPO surged nearly 47% in 7 days, with a trading volume of $95.02 million, indicating growing interest in its potential to transform the healthcare industry.

Helium (HNT) also jumped nearly 40%, fueled by a recent milestone. Helium Mobile, a decentralized wireless phone service powered by blockchain technology, surpassed 100,000 subscribers for the first time. This achievement highlights the growing adoption of Helium's innovative approach to mobile connectivity. At its current price of $5.04, Helium is backed by a trading volume of $20.04 million.

Rounding out the top gainers is BinaryX (BNX), the native token of the BinaryX ecosystem. This platform, which began as a decentralized derivatives trading system, saw its token value appreciate over 33% during the past week. The rise in BNX, currently priced at $1.58, suggests growing interest in BinaryX's offerings within the decentralized finance landscape. The token is supported by a trading volume of $36.19 million.

Top Weekly Losers

The ever-evolving cryptocurrency sphere uncovers weekly tales of both success and adversity. Among these stories, Top Weekly Losers highlight the challenges participants face as they navigate regulatory changes, market uncertainty, and undue media attention, arriving at a crucial juncture. Despite these setbacks, this week provides traders and investors with an essential opportunity to reassess strategies and forge a path toward success.

Galaxis (GALAXIS) experienced a steep decline of over 30% in the past seven days. Despite having a current trading volume of $2.19 million, the price of GALAXIS has dropped to $0.003921. GALAXIS is a utility token that unlocks various benefits and features within its platform.

Mintlayer (ML), a Layer 2 solution built on the Bitcoin blockchain, saw its price fall by more than 25% in past 7 days. Currently trading at $0.1317 with a volume of $1.82 million, Mintlayer aims to bring DeFi, smart contracts, and other functionalities to the Bitcoin network.

Phantasma (SOUL), a feature-rich Layer 1 blockchain built with Unity developers in mind, witnessed a price drop of over 23% in one week. The current price of SOUL sits at $0.07979, with a trading volume of $4.88 million. Phantasma offers an easy-to-use connector for dApps, wallets, and the blockchain through Phantasma Link.

WazirX (WRX) took a significant hit this week, falling more than 23% after a cyberattack on its multisig wallets on July 18th. The attack resulted in the theft of $230 million. WRX is currently trading at $0.1237 with a volume of 9.62 million.

Deri Protocol (DERI), a decentralized platform for crypto derivatives trading built on open-source technology, saw a 1-week decrease of over 15%. Compared to the other listed tokens, DERI's decline was less severe. It currently trades at $0.02235 with a volume of $2.77 million.

Hot ICOs To Watch

Active ICOs

PlayDoge

PlayDoge is a mobile game that combines the nostalgia of Tamagotchi virtual pets with the exciting world of cryptocurrency. Launched in Q2, 2024, the PlayDoge ICO has already raised $5.79 million in its first funding round. This innovative game allows players to raise virtual pets while simultaneously learning about and interacting with the world of cryptocurrency.

WienerAI

Looking to identify the next big gems in the crypto market? WienerAI, a project launched in Q3, 2024, might be the solution. WienerAI's user-friendly AI interface empowers users to scour the crypto market for hidden opportunities. Their impressive technology has garnered them $7.23 million in their first funding round.

Solana VM

Solana VM is a revolutionary platform for developers built on the Solana blockchain. Launched in Q2, 2024, this project allows developers to seamlessly deploy Ethereum applications (dApps) without needing major reconfiguration. This eliminates a significant hurdle for developers and fosters innovation within the blockchain space. The Solana VM ICO has raised $3.16 million in its first round.

Upcoming ICOs

CratD2C

CratD2C is a pioneering platform in the blockchain space that is set to launch its Initial Coin Offering (ICO) on September 30th, 2024. They have already fundraised $340,000 across 4 rounds. CratD2C combines the robustness of Delegated Proof of Stake (DPoS) with Layer-1 architecture, aiming to achieve a new standard in security, speed, and scalability within the blockchain industry.

Injex Finance

Injex Finance is an upcoming cryptocurrency exchange aggregator with a to-be-announced ICO launch date. Their platform aims to simplify the exchange process for users by finding the best price and conditions for exchanging two digital assets. Injex Finance has set a fundraising goal of $1.5 million for their ICO.

zkCross Network

zkCross Network is another project with an upcoming ICO, partnered with the OpenPad platform. Their launch date is yet to be announced. zkCross Network is driven by a vision to create a unified value layer that facilitates optimized value movement across the entire Web3 spectrum, encompassing blockchains, DeFi protocols, and decentralized applications (DApps). Their ICO aims to raise $100,000.

Ended ICOs

Tanuki

Tanuki Launchpad stands out as a trailblazer, being the first platform to offer support for a wide range of blockchains under one roof. Solana, SUI, SEI, Metis, ADA, AVAX, and more - all conveniently accessible on Tanuki. Their IDO on KingdomStarter concluded on July 23rd, raising $504.18K across two rounds.

Dabcat

Marking its territory in the DeFi space, Dabcat concluded its presale on July 20th. This native token of The Dabcat Ecosystem, built on Base, garnered $47K in a single round.  The Dabcat Ecosystem prioritizes security and aims to enhance user experience by offering a comprehensive suite of DeFi tools that incentivize user participation through rewards.

Blast

A Layer 2 solution offering native yield for Ethereum (ETH) and stablecoins, Blast, concluded its Point Farming event on June 26, 2024. The event garnered significant interest, raising $20 million across two rounds.

Hottest Airdrops

Acki Nacki

• Click the link to start the Acki Nacki Telegram bot.

• Farm as many Boosts as possible in Phase 1 to increase $NACKL coin rewards.

• In Phase 2, Boosts will enhance your Block Rewards.

• Play a simple game: move your fingers on the screen to generate random numbers.

• These numbers verify transactions on the Acki Nacki blockchain and earn you $NACKL coins.

Super Champs

• Visit the Super Champs Rewards Program website.

• Sign up by connecting your Metamask and completing the registration process.

• Complete various quests available on the dashboard.

• Quests include social, gameplay, and invite-based tasks. Earn and claim Quest Points upon completing tasks.

• Quests are categorized into Seasonal Quests, Special Limited Time Quests, and Daily Quests.

• Earn additional points by holding the Genesis NFT from the Super Champs: Racket Rampage Genesis Collection.

• Use your quest points at the end of the season to compete for CHAMP tokens.

 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!