Weekly Crypto Insights: Milestones, Hurdles, ICO Highlights, and Airdrops

Dear Readers,

Today, cryptocurrency prices persist in their decline, indicating a pause in investor activity following a recent bullish market surge. The preceding month and the commencement of December proved advantageous for the cryptocurrency market, with traders redirecting their attention to risk-oriented assets. Examining the primary cryptocurrency values, the price of Bitcoin has fallen by 1.61% as of the current writing, settling at $41,633 on Tuesday. Concurrently, another prominent digital asset, Ethereum, has experienced a decline of 1.30%, reaching $2,216 at the time of writing.

Highlights Of The Week

• Dubai’s VARA grants conditional license to Enjinstarter’s AYA platform for crypto asset and investment services.

• Bitcoin core developer Luke Dashjr denies involvement in adding Bitcoin inscriptions to the US NVD's CVE list.

• El Salvador's "Volcano Bonds" for Bitcoin reportedly receive regulatory approval, set to launch in early 2024.

• Senator Elizabeth Warren announces five more senators cosponsor her bill targeting money laundering in digital assets.

• FIFA to launch its own NFT collection in collaboration with Modex ahead of the 2023 Club World Cup in Saudi Arabia.

• X-Spot Global, owned by Huobi Global co-founder Leon Li, wins injunction against Huobi for unauthorized use of the "Huobi" trademark in Hong Kong.

• Immutable selects Transak as the sole payment service provider for its zkEVM, facilitating fiat and Web3-based payments in gaming environments.

Top Weekly Gainers

Within the ever-changing landscape of cryptocurrency, renowned for its inherent volatility, perceptive traders have the ability to identify weekly frontrunners that offer promising prospects for financial expansion. By adopting a proactive approach and closely monitoring market trends and price fluctuations, investors can capitalize on these favorable instances, potentially refining their investment strategies to achieve optimal results.

BitTorrent (New) (BTT) has emerged as the standout performer this week, witnessing an astonishing surge of 181.57%. Starting at a low price of $0.0000004926, it has now reached $0.000001387. This change has been accompanied by a substantial increase in trading volume, soaring from $63.60 million to $195.77 million. BitTorrent, a popular P2P file-sharing platform, has become more decentralized in recent years.

Bonk (BONK) has also experienced significant gains, boasting a change of 100.68% over the week. From its low price of $0.000006428, Bonk's current price stands at $0.0000129. The trading volume for Bonk has seen a notable increase from $85.24 million to $138.08 million. BONK, akin to memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), debuted on December 25, 2022.

Helium (HNT) has demonstrated its strength with an 88% change in value, moving from a low price of $2.75 to the current price of $5.17. The trading volume for Helium has surged from $2.46 million to $17.56 million. Helium operates as a decentralized blockchain network designed for Internet of Things (IoT) devices.

Avalanche (AVAX) has exhibited an 84.05% change, transitioning from a low price of $22.13 to the current price of $40.73. The trading volume for Avalanche has seen a dramatic increase from $567.35 million to $3.11 billion. Avalanche's recent surge is driven by a notable increase in transaction volumes surpassing earlier figures this year.

Beam (BEAM) rounds out the list of top weekly gainers with a noteworthy change of 76.45%. Starting at a low price of $0.01223, Beam's current price stands at $0.02158. The trading volume has experienced a considerable uptick from $26.51 million to $75.16 million. The $BEAM token functions as the primary cryptocurrency for the Beam network, an online gaming platform supported by the Merit Circle DAO.

Top Weekly Losers

Amidst the consistently turbulent terrain of the cryptocurrency market, one encounters a mix of weekly standouts and those enduring challenges, all influenced by regulatory shifts, market ups and downs, and adverse media attention. Although facing losses can be a daunting experience, they furnish a crucial opportunity for traders and investors to assess their methodologies, dissect the elements behind setbacks, and make informed choices to steer their upcoming investments towards prosperity.

Within the realm of top weekly losers, Terra Classic (LUNC) faces a substantial setback with a significant downturn of -24.82%. Originating from a high price of $0.0002409, Terra Classic's current valuation rests at $0.0001811. This downturn is accompanied by a considerable reduction in trading activity, as reflected in the current volume of $176.06 million. Terra is a blockchain protocol employing fiat-pegged stablecoins to drive globally stable and secure payment systems.

Storj (STORJ) has also encountered a downturn, experiencing a change of -21.14% from its high price of $0.856 to the current valuation of $0.675. The trading volume for Storj has diminished to $33.96 million. Storj is an open-source cloud storage platform, using a decentralized network of nodes for hosting user data.

Conversely, Sei (SEI) stands out among the weekly losers with a change of -15.8%, moving from a high price of $0.2917 to the current valuation of $0.2456. The trading volume for Sei remains at $162.41 million. Sei is the first blockchain exclusively tailored for trading, offering exchanges a unique advantage.

TokenFi (TOKEN) faces a decrease in value with a change of -14.04%, transitioning from a high price of $0.04687 to the current valuation of $0.04029. The trading volume for TokenFi is $7.95 million. TokenFi aims to be the world's premier platform for simplifying crypto and asset tokenization.

Maverick Protocol (MAV) concludes the roster of top weekly losers, contending with a change of -11.03%. Beginning from a high price of $0.351, the current valuation for MAV is $0.3123. The trading volume for Maverick Protocol stands at $9.09 million. Maverick Protocol boosts industry efficiency with its Maverick AMM as a DeFi infrastructure provider.

Hot ICOs to Watch Out For

Active ICOs

Green Gold, launched by ZEETOX, entered the fundraising arena on December 8, with a goal of $1,650,000. As of now, they have raised $1,150,000 for their innovative simulation blockchain game, GREENGOLD, which embraces the GameFi 2.0 revolution.

Another notable project, GPT Plus, commenced its sale on December 6 and is set to conclude on December 14. With a fundraising goal of $350,000, GPT Plus is on a mission to expand the frontiers of human-like text generation, offering a comprehensive tool for businesses, creators, and developers.

Lastly, Script Network, an open-source layer 1 live TV platform, protocol, and storage network, initiated its sale on December 11, aiming to raise $1,250,000 by the time it concludes on December 16. As of now, Script Network has accumulated $750,000 in funds.

Upcoming ICOs

TheADA, commencing its sale on December 12 and concluding on December 17, aims to secure $7,550,000 in funding for its ambitious venture—a Decentralized and Scalable NFT Staking Protocol built on the Cardano Blockchain.

Simultaneously, GT-Protocol, with exact sale dates yet to be disclosed for December, has a fundraising goal of $5,600,000. This project focuses on revolutionizing the decentralized finance (DeFi) landscape through its multichain protocol designed for managing investment pools and enabling decentralized copy trading on decentralized exchange (DEX) platforms.

Additionally, bitsCrunch is gearing up for its ICO, scheduled to start on December 14 and end on December 15, with a fundraising target of $7,650,000. bitsCrunch distinguishes itself as an AI-powered, decentralized NFT data platform, providing developers with a quick and easy solution to construct reliable NFT applications (dApps).

Ended ICOs

Finceptor, whose sale spanned from December 04 to December 11, reached its fundraising goal of $910,000. Positioned as a multi-chain liquidity and community growth platform, Finceptor focuses on supporting both unlaunched and publicly-traded tokens through innovative mechanisms such as liquidity vaults and DeFi bonds.

Another notable ICO, Rebase, started on November 16 and concluded on December 04, exceeded its ambitious fundraising goal of $8,650,000 by securing the sum of $8,650,000. Rebase distinguishes itself as an Augmented Reality (AR) Adventure and Web3 lifestyle application, offering users the opportunity to explore, collect, and redeem exclusive digital rewards in real life.

Finally, Bitago, with a sale period from November 28 to December 04, raised $2,300,000, meeting its fundraising goal. Bitago operates as a blockchain-based loyalty program, rewarding customers with cryptocurrencies for their purchases.

Hottest Airdrops

edeXa

• Go to the edeXa Zealy airdrop page.

• Connect your wallet securely.

• Engage in quests to accumulate XPS and boost your score.

• The top 500 participants with the highest XP scores will be eligible to receive rewards, with a potential value of up to $200 in EDX tokens.

• Increase your chances by referring friends to earn additional XPs.

• The top 10 referrers will be rewarded with up to $100 worth of EDX tokens.

CEX.IO

• Head to the CEX.IO giveaway page.

• Register on CEX.IO and go through the account verification process.

• Perform straightforward tasks on the gleam page.

• Stand a chance to win exciting prizes: one fortunate participant will receive $500 worth of BTC, while ten others will each receive $50 worth of ETH, and 50 lucky participants will be awarded 20 USDT each.

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

Best Regards,
Crypto Recorder Team

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