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Weekly Crypto Digest: Fear & Greed, ATHs, Top Movers, and NFT Highlights
Crypto Recorder Team
September 19, 2024
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Dear Readers,
Bitcoin (BTC) increased by almost 3%, reaching a price of $62,106.92. A recent 50-basis point rate cut by the US Federal Reserve provided a significant boost to cryptocurrencies worldwide. Prominent altcoins such as Ethereum (ETH), Tether, BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano saw gains of up to 5%. The total market capitalization of the global cryptocurrency market is now $2.15 trillion, reflecting a 3.37% rise in the past 24 hours.
Highlights Of The Week
The SEC has initiated its first action against crypto “pig butchering” scams, charging two allegedly fraudulent trading platforms.
Binance CEO Richard Teng is urgently working to bring executive Tigran Gambaryan back to the U.S. as his health deteriorates.
Solana has launched its new smartphone, “Seeker,” at half the cost of its predecessor, promising features beyond just free memecoins.
Louisiana has completed its first crypto payment, allowing residents to pay for state services with selected cryptocurrencies.
Donald Trump became the first former U.S. president to use Bitcoin in a transaction while visiting a New York City bar known for accepting crypto.
Richard Heart, founder of Hex and PulseChain, has been remanded into custody in Finland on charges of tax evasion and assault.
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Crypto Fear & Greed Index
The current Crypto Fear and Greed Index stands at 49, indicating a neutral sentiment in the market, a shift from yesterday's fear level of 45. This change is largely attributed to the US Federal Reserve's recent announcement of a 50 basis point reduction in the benchmark fed funds rate, marking the first cut in four years.
This pivotal monetary policy shift has positively impacted major cryptocurrencies, suggesting that traders are responding optimistically to the potential for increased liquidity and investment in the crypto space. As the market digests this news, sentiment is stabilizing, reflecting a cautious yet hopeful outlook among investors.
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ATH Coins
Reaching an all-time high (ATH) highlights a cryptocurrency's standout performance and growing interest. However, market volatility still exerts a substantial influence. It’s important to conduct in-depth research before investing in coins at their ATH. Check out the latest top performers that have recently achieved ATH status.
Cloud (CLOUD) token has reached an all-time high (ATH) price of $0.3755 today, currently trading at $0.3757. With a trading volume of $16.06 million, CLOUD serves as a governance and utility token within the Sanctum ecosystem. It empowers holders to participate in decision-making processes by staking CLOUD to qualify partners for the Sanctum Verified Partner program.
AI Companions (AIC) has also achieved an ATH of $0.1094 today, though it is currently priced at $0.09603. The token's trading volume stands at $6.14 million. AIC is at the forefront of revolutionizing digital relationships, leveraging a combination of AI, virtual reality (VR), augmented reality (AR), and blockchain technologies to create immersive experiences.
Strawberry AI (BERRY) reached an ATH of $0.1841 today, with its current price at $0.1677 and a trading volume of $1.97 million. This advanced AI is specifically tailored for the web3 environment, enabling users to query topics related to web3, cryptocurrency, and blockchain through smart agent integration, offering a unique interaction experience.
The HugeWin (HUGE) token has hit an ATH of $0.001007 today, with its current price slightly lower at $0.001005 and a trading volume of $13.17 million. Built on the Ethereum blockchain, HUGE serves as the native cryptocurrency for the HugeWin ecosystem, representing an innovative approach to combining digital currency with gaming and rewards.
UXLINK (UXLINK) reached its ATH of $0.7469 yesterday, currently priced at $0.6774 with an impressive trading volume of $875.51 million. The surge in UXLINK’s value can be attributed to Binance’s announcement of its listing on the futures platform, featuring a USD-margined perpetual contract for UXLINKUSDT with leverage options of up to 75 times.
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Top Movers (24H)
The rising credibility of the cryptocurrency market as a viable investment has led former skeptics to enthusiastically incorporate it into their portfolios, investing in various digital assets. Meanwhile, seasoned crypto investors are reinforcing their stakes, resulting in substantial price gains for several cryptocurrencies in the last day. Here are some of the key cryptocurrencies that have seen remarkable price boosts recently.
Ellipsis (EPX) has experienced a remarkable surge, with its current price reaching $0.00001918—an increase of 54.01% over the last 24 hours. With a trading volume of $4.42 million, Ellipsis operates on the BNB Smart Chain (BEP20) platform, positioning itself as a noteworthy player in the crypto landscape.
ZeroLend (ZERO) also made headlines, soaring to a price of $0.0002517, reflecting a substantial rise of 34.18%. The platform boasts a trading volume of $6.40 million and is recognized as the largest lending market on Layer 2. ZeroLend offers innovative services, including liquid restaking tokens (LRTs) and real-world assets (RWAs), all facilitated through account abstraction for smoother transactions.
Parcl (PRCL) saw a significant increase as well, with its price climbing to $0.2013—a rise of 31.05%. The Parcl Ecosystem, which includes Parcl, Parcl Labs, and Parcl Limited, supports the Parcl Protocol, a decentralized exchange that enables users to gain exposure to real estate prices, whether going long or short. The trading volume for Parcl reached an impressive $21.23 million.
Kava (KAVA) is another noteworthy mover, with its current price at $0.4053, marking an increase of 29.70%. With a trading volume of $140.91 million, Kava stands out as a Layer-1 blockchain that merges the speed and interoperability of Cosmos with the robust developer capabilities of Ethereum.
Lastly, Sei (SEI) has shown promising growth, reaching a price of $0.332, up by 21.42%. With a trading volume of $251.36 million, Sei is distinguished as the first sector-specific Layer 1 blockchain, designed specifically for trading and providing exchanges with a competitive edge.
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Non-Fungible Tokens – Developments
Infinex's new NFT collection has generated over $40 million in sales within just four days, despite a sluggish market for top NFT collections.
The Digital Chamber is urging U.S. crypto users to support a bill that categorizes non-fungible tokens based on their use cases.
Two SEC commissioners criticized the agency for pressuring NFT-themed restaurant Flyfish Club into a $750,000 settlement.
NFTs To Watch (24H)
Pudgy Penguins
In the past 24 hours, Pudgy Penguins has seen a trading volume of 126 ETH, reflecting a significant 131% increase. With a current floor price of 11 ETH and 12 sales recorded, this collection of 8,888 NFTs is making waves in the Web3 space. Pudgy Penguins stands out not only for its vibrant community but also for its commitment to fostering innovation through intellectual property utilization.
Bored Ape Yacht Club
Another collection gaining traction is the Bored Ape Yacht Club, which has achieved a trading volume of 103 ETH, marking a 120% increase over the last day. The floor price for these unique digital collectibles is currently set at 11.8989 ETH, with 9 sales reported. Comprising 10,000 distinct Bored Ape NFTs, this collection is firmly established on the Ethereum blockchain and continues to captivate collectors with its exclusive offerings and vibrant community.
Mutant Ape Yacht Club
The Mutant Ape Yacht Club is also making headlines, boasting a trading volume of 92.75 ETH and 156% increase. With a floor price of 2.0667 ETH and 44 sales, this collection of up to 20,000 Mutant Apes is generated through exposure to a vial of Mutant Serum or through a public minting process.
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. We'll get back to you asap!