This Week in Crypto: Notable Profits, Setbacks, ICOs, and Airdrop Highlights

Dear Readers,

Cryptocurrency prices on Tuesday, November 7, showed mixed performance with significant fluctuations in major digital assets. Despite a slight dip in Bitcoin's value, the broader market remained resilient, potentially indicating a shift in investor focus towards alternative cryptocurrencies. Bitcoin's recent attention has been fueled by speculation around a Bitcoin Spot ETF approval and positive regulatory news, such as Ripple's partnership with the National Bank of Georgia for Digital Lari. In the last 24 hours, Bitcoin dropped 0.50% to $34,885, Ethereum rose 0.11% to $1,883, and Binance Coin (BNB) increased by 2.63% to $250.

Highlights Of The Week

• BNB Smart Chain (BSC) scams drop by 75% in Q3 2023, from $55.4M to $13.6M, per AvengerDAO report.

• Kenya aims to develop its crypto regulatory framework, led by the Blockchain Association of Kenya (BAK). 

• Kraken neither confirms nor denies plans for a layer-2 solution similar to Coinbase's Base network.

• Glassnode shifts focus from crypto tax projects to institutional investors and DeFi solutions, selling Accointing to Blockpit.

• SK Telecom to launch Web3 wallet service, T wallet, in collaboration with Aptos Labs and Atomrigs Lab.

• LHV Bank founder revealed as owner of 250,000 Ether stash worth $470M, but he no longer has the keys.

• Avalanche blockchain team, Ava Labs, lays off 12% of employees to reallocate resources.

• Moody’s Analytics launches stablecoin service using AI to predict depeggings and assess issuer stability.

• Binance's spot trading market share falls from 62% to 40% in late 2023.

Top Weekly Gainers

Within the cryptocurrency sphere, recognized for its intrinsic volatility, discerning traders can pinpoint the weekly frontrunners that present alluring opportunities for financial expansion. By taking a proactive stance and keeping a vigilant eye on market trends and price fluctuations, investors can make the most of these advantageous situations, potentially refining their investment strategies for optimal results.

This past week, the cryptocurrency world witnessed a meteoric rise in the popularity of GAMEE (GMEE). It saw its price soar from $0.003943 to an astounding $0.01713, marking a gain of over 334.44%. The trading volume for GMEE surged from a modest $245434 to $3.13 million during this period. GMEE is a mobile gaming hub with 40 million users and 7 billion gameplays, bringing together brands, gamers, and web3 communities through play.

One of the standout performers of the week was LimeWire (LMWR), which experienced an increase from $0.0861 to $0.3373, representing a 291.75% gain in price. The trading volume for LMWR escalated from $89756 to $6.17 million. LimeWire lets creators, artists, and brands build membership communities for recurring income, offering fans exclusive access to their content and journey.

PancakeSwap (CAKE) also made a leap in the crypto market, going from a very low $1.2394 to $2.29 in just one week. This increase of 84.77% can be attributed to PancakeSwap's strategic moves, such as listing USDⓈ-M CAKE Cake Perpetual Contract on Binance Exchange, which significantly expanded its user base due to Binance's large community.

Yet another coin that made headlines is WEMIX (WEMIX), which saw its price skyrocket from $1.2249 to $2.08 in just one week, representing an astonishing 69.81% gain. The trading volume for WEMIX increased from $5.90 million to $20 million. WEMIX serves as the primary currency within the expansive WEMIX ecosystem, facilitating transactions and covering gas fees.

Over the last week, Blur (BLUR) has seen an astonishing price rally, climbing from $0.2452 to $0.3896, reflecting 58.89% gain. This surge was catalyzed by OpenSea's announcement of staff layoffs, as Blur's trading volume surged from $25.65 million to $62 million.

Top Weekly Losers

In the ever-changing landscape of the cryptocurrency market, there is a coexistence of weekly leaders and those facing challenges, influenced by a fusion of regulatory shifts, market fluctuations, and unfavorable media coverage. While dealing with losses can be a demanding experience, they offer a crucial opportunity for traders and investors to evaluate their strategies, dissect the underlying causes of setbacks, and make informed decisions to guide their future investments towards success.

In the cryptocurrency market, COVER Protocol (COVER) was one of the hardest-hit assets this week. Its price plummeted by over 57.56%, crashing to a low value of $6.37. Its volume presently stands above $493,371. COVER Protocol operates as a digital currency within the Ethereum blockchain ecosystem.

KlubCoin (KLUB) has been slipping hard this prior week, in its fall from $0.02511 to its present low of $0.01691, translating to a downward movement of 32.66%. Volume in the last 24 hours remained at $753,629. Klubcoin is tailored for the electronic music scene, trusted by top clubs, festivals, and music brands worldwide. It provides Web3 ownership and rewards for both physical and digital events.

Pickle Finance (PICKLE) also suffered a major setback this week. Its price tumbled from $0.9839 to just $0.6803, resulting in a staggering 30.86% loss over the week. The trading volume for PICKLE remained at $991,030 in the last 24 hours. Pickle Finance is a yield aggregator that multiplies LPs on different chains. It lets users benefit from compounding without the hassle and costs of manual farming.

Another devastating fall seen this week was that of dHedge DAO (DHT) which dropped from a high of $0.08885 to its present low of $0.06658. This gradual price shed has caused DHT holders to lose about 25.06% of their holding value. Volume in the last 24 hours remained at $223,800. dHedge is a project centered around non-custodial mimetic trading for synthetic assets on the Ethereum platform.

Bluzelle (BLZ) experienced a slow and continuous price decline during the past week, resulting in a nearly 18.76% loss in its value from $0.3384 to $0.2749. TRG holders faced a challenging period as the cryptocurrency's price continued to decrease. Bluzelle is a decentralized storage network designed for the creator economy, offering top-notch security, unmatched availability, and resistance to censorship.

Hot ICOs to Watch Out For

Active ICOs

Celestia

Celestia initiated its sale on October 31, with the fundraising period set to conclude on November 14, having raised $56,500,000. Celestia's focus lies in establishing a modular consensus and data network tailored for scalable, secure Web3 applications.

Propbase

Propbase's ICO began on November 3 and will come to a close on November 7, aiming to secure $180,000 in funding. Propbase is an innovative blockchain-based platform for property transactions in promising global destinations.

Manilla Finance

Manilla Finance commenced its sale on September 1 and is set to wrap up on November 30. So far, they have garnered $1,100,000 towards their goal of $4,300,000. Manilla Finance is revolutionizing the payment of utility bills by leveraging digital currency in its Web 3.0 CeDeFi solution.

Upcoming ICOs

BitGain

BitGain's ICO is scheduled to kick off on November 10 and will run until November 14, with a fundraising goal of $350,000. BitGain AI is an innovative ecosystem that seamlessly blends AI-powered security, metaverse integration, an NFT marketplace, DApps, and a secure wallet.

Rapidchain

Following that, Rapidchain's sale is set to begin on November 27 and conclude on November 29, aiming to raise $280,000. Rapidchain differentiates itself as a high-performance blockchain network that forks from Ethereum, with a strong emphasis on boosting transaction speed.

GMatrixs

Lastly, GMatrixs is gearing up for its ICO in November (exact dates pending), with a fundraising goal of $6,500,000. GMatrixs is a groundbreaking Web3.0 integrated service ecosystem, positioned as the pioneer in the GameFi sector, emphasizing technological advancement.

Ended ICOs

Masternoded

Masternoded initiated its sale on November 1 and concluded on November 6, securing $800,000 in funding. Masternoded distinguishes itself as a decentralized, non-custodial, and community-owned platform for staking, liquidity provision, validator nodes, and borderless fiat transactions.

Chappyz

Chappyz's ICO began on October 26 and wrapped up on November 3, raising $1,630,000, matching its fundraising goal. Chappyz operates as an AI-powered plug-and-play protocol that fosters real-time community engagement and growth while rewarding community members.

Lamas Finance

Similarly, Lamas Finance commenced its sale on October 25, concluding on October 31, raising $50,000, meeting its fundraising goal. Lamas Finance is an authentic Solana-based DApp gaming hub, delivering genuine blockchain gaming experiences and essential DeFi functionalities.

Hottest Airdrops

CEX.IO

• Begin by visiting the CEX.IO giveaway page.

• Register on CEX.IO and complete the account verification process.

• Deposit funds and engage in trading activities on the Exchange Plus platform.

• Transfer your funds to a CEX.IO Savings account.

• Next, complete straightforward tasks on the gleam page.

• You could be the lucky grand prize winner of 500 USDT. Additionally, ten participants will each receive 100 USDT, and twenty-five participants will each be awarded 20 USDT. Good luck!

Chirp

• Go to the Chirp airdrop page.

• Connect your wallet.

• Engage in straightforward tasks to accumulate XPs.

• Don't forget to register your SUI wallet on the Zealy page.

• A total of 400,000 CHIRP tokens will be distributed evenly according to the number of XPs you accumulate.

• For additional details about the airdrop, refer to this Medium article.

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!