Crypto Chronicles: Sentiment Shifts, All-Time Highs, and Featured NFTs

Dear Readers,

On Thursday, major cryptocurrencies showed mixed performance as investors awaited speeches from Federal Reserve officials, including Chair Jerome Powell, which could provide clues about the future of U.S. interest rates. Bitcoin rose slightly by 0.16% to $63,781, while Ethereum fell by 0.04% to $2,620.

Several other cryptocurrencies like BNB, XRP, and Chainlink also saw declines, whereas Solana, Dogecoin, Toncoin, Cardano, Tron, Avalanche, and Shiba Inu recorded gains. The total market capitalization for cryptocurrencies stands at $2.25 trillion, reflecting a 0.32% increase over the past day.

Highlights Of The Week

• The Open Network (TON) blockchain is gearing up for a massive influx of users from the Web3 game Hamster Kombat, urging validators to prepare for increased system demand.

•  Binance continues to serve some Russian clients despite its announcement of a full exit from the Russian market in 2023.

•  Taurus and Aktionariat have teamed up to enable trading of tokenized shares from SMEs in Switzerland on the Taurus Digital Exchange (TDX).

•  PayPal announced that its Business accounts can now buy, sell, and trade crypto directly from their accounts, with the feature available across the U.S., excluding New York merchants.

•  Truflation, a blockchain-based inflation data platform, confirmed a malware attack, with estimates of losses reaching up to $5.2 million.

•  A new Digital Asset User Protection Foundation is being established in South Korea to assist customers in retrieving funds from defunct cryptocurrency exchanges, following approval from the Financial Services Commission (FSC). Activities are expected to commence in October.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently sits at a neutral 50, reflecting a shift from yesterday's greed level of 59. This change comes as major cryptocurrencies traded mixed on Thursday, with investors closely monitoring upcoming Federal Reserve speeches, particularly from Chair Powell, and the impending release of the core PCE price index on Friday. The fluctuating index highlights the market's cautious sentiment as participants assess macroeconomic indicators and their potential impact on cryptocurrency trends.

ATH Coins

An all-time high (ATH) represents a cryptocurrency's peak achievement and enhanced interest from investors. Despite this milestone, market volatility remains a critical element. Prior to investing in coins that have reached their ATH, thorough research is vital. Here are some of the most recent top performers to achieve ATH levels.

Auki Labs (AUKI) has reached an all-time high (ATH) price of $0.02331 today, with a current price of $0.02304. The trading volume stands at $120,358.77. Auki Labs specializes in creating posemesh domains—virtual real estate designed for shared augmented reality experiences. This innovative platform empowers users to manifest their knowledge and imagination in the minds of others, paving the way for a new dimension in virtual interactions.

Aguri-Chan (AGURI) has hit an ATH of $0.00001519 today, while the current price is $0.00001113. The token has a significant trading volume of $1.91 million. Inspired during a stroll in the park in August 2024, Aguri-Chan was born from the joy of Kabosumama and her spirited Shiba Inu, Neiro, who is the successor to the legendary Kabosu.

The HugeWin (HUGE) has achieved an ATH price of $0.001083 today and is currently trading at the same price. Its trading volume is at $14.82 million. Built on the Ethereum blockchain, HUGE serves as the native cryptocurrency for the HugeWin ecosystem, effectively merging digital currency with gaming and rewards, thus enhancing user engagement in the gaming world.

EchoLink Network (ECHO) has reached an ATH of $0.129 today, with its current price slightly lower at $0.1283. The trading volume is $340,896.01. EchoLink operates as a Solana-based blockchain oracle specifically designed for DePIN IoT devices. By connecting various IoT devices, it collects and verifies data through a unique proof mechanism, producing credible reports that enhance the reliability of IoT applications.

Yesterday, Gou (GOU) reached an ATH price of $0.02273, but it is currently priced at $0.01442 with a trading volume of $3.76 million. What sets Gou apart is its strong cultural ties and artistic roots. Unlike typical meme coins that often chase fleeting trends, Gou is founded on original intellectual property crafted by in-house artists, making it a unique and meaningful addition to the crypto space.

Top Movers (24H)

With the cryptocurrency market gaining greater legitimacy as a major investment avenue, even previous doubters are now eagerly adopting it and diversifying their portfolios with diverse digital assets. Experienced investors are also increasing their positions, which has led to considerable price hikes in numerous cryptocurrencies over the past day. Let’s explore some of the prominent cryptocurrencies that have recently experienced notable price surges.

UNKJD (MBS) has made waves in the crypto market, currently priced at $0.0333 after a surge of 65.45% in the last 24 hours. With a trading volume of $1.32 million, UNKJD is positioning itself as a next-generation esports metaverse. This innovative platform enables players to Create, Play, Compete, and Earn, transforming the way gamers engage with their hobbies and each other.

Seamless (SEAM) has also experienced a significant boost, with its current price at $1.81, reflecting a 49.56% increase in the past day. The trading volume for SEAM stands at $9.89 million. This rally is largely driven by Base's recent announcement to scale its network by increasing gas limits by 1 Mgas/s each week. This strategic move is part of a broader goal to reach 1 Ggas/s, ultimately facilitating on-chain access for one billion users.

In the fitness domain, DOSE (DOSE) has gained traction, now priced at $0.0003669 after a 40.21% increase in the last 24 hours. With a current trading volume of $2.20 million, DOSE is carving out a unique space in the gamified fitness ecosystem. By employing game design techniques and play-to-earn mechanics, it enhances the real-world workout experience, encouraging users to engage in fitness in a fun and interactive way.

ZeroLend (ZERO) has seen its price rise to $0.0005584, marking a 38.10% increase in the past day, supported by a robust trading volume of $12.76 million. As the largest lending market on Layer 2 solutions, ZeroLend is offering a variety of services, including liquid restaking tokens (LRTs) and real-world assets (RWAs). This positions it as a critical player in the rapidly evolving decentralized finance landscape.

Finally, CateCoin (CATE) has seen a notable growth of 27.24%, bringing its current price to $0.063518 with a trading volume of $1.27 million. As the first cat-themed meme coin, CateCoin aims to add real value to the meme world. Its platform empowers creators to turn their memes into NFTs, allowing them to earn money in a decentralized manner while fostering creativity within the community.

Non-Fungible Tokens – Developments

• SNOOPLE, a new meme coin inspired by Snoopy, is set to launch an NFT Marketplace aimed at boosting community engagement and celebrating creativity in the crypto space.

•  Two customers, Anthony Shnayderman and Itai Bronshtein, have filed a class-action lawsuit against OpenSea, alleging the NFT marketplace offered unregistered securities through its NFTs.

•  SEC Chair Gary Gensler caused a stir in a recent hearing by suggesting that Non-Fungible Tokens (NFTs) should be classified as securities, prompting backlash from the crypto community and lawmakers who oppose this classification.

NFTs To Watch (24H)

Azuki

In the past 24 hours, Azuki has shown remarkable activity, with a trading volume of 96.12 ETH, reflecting a staggering 1560% increase. The current floor price stands at 5.89 ETH, and there were 15 sales during this period. Azuki offers a unique collection of 10,000 avatars that grant membership access to The Garden—a vibrant corner of the internet where artists, builders, and Web3 enthusiasts converge to foster a decentralized future.

Bored Ape Yacht Club

The Bored Ape Yacht Club continues to make waves, boasting a volume of 69.14 ETH and a notable 503% change in volume over the last day. With a floor price of 11.69 ETH and 6 sales recorded, this collection of 10,000 distinctive Bored Ape NFTs stands out as a highly sought-after digital collectible on the Ethereum blockchain.

Redacted Remilio Babies

Another interesting contender is Redacted Remilio Babies, which has garnered a volume of 48.46 ETH, representing a 110% change. The floor price for this collection of 10,000 neochibi profile picture NFTs is currently at 0.79 ETH, with 62 sales taking place. This project expands the Milady Maker paradigm, infusing it with youthful energy and a unique aesthetic that captures attention in the digital art space.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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