Weekly Crypto Insights - Success Stories, Challenges, and Unveiling the Latest ICO & Airdrop Trends

Dear Readers,

On Tuesday, major cryptocurrency tokens exhibited a mixed performance with a prevailing negative trend. Bitcoin, Solana, Avalanche, Chainlink, Polygon, and Internet Computer experienced declines, while Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polkadot, Toncoin, and Shiba Inu showed positive movements. As of 4:50 AM ET, Bitcoin recorded a 1.38% decrease, trading at $51,624, and Ethereum saw a 1.29% drop, reaching $2,879. During the past 24 hours, the overall cryptocurrency market cap decreased by 1.04%, settling around $1.96 trillion.

Highlights Of The Week

• Ether's approaching $3,000 fuels speculations of a potential "altseason," but some analysts remain cautious about its immediate arrival.

• Starknet sees a significant drop in active users over the past week amid growing dissatisfaction with its Starknet Provisions Program airdrop.

• BlackRock intensifies media advertising for its recently launched Bitcoin ETF, positioning it as "progress" rather than a currency.

• The United Kingdom aims to pass new laws regulating stablecoins and crypto staking within the next six months.

• Record-breaking inflows propel crypto ETPs to AUM levels not seen since the 2021 bull market peak, according to CoinShares.

• Traditional financial institutions and brokerages rush to obtain digital asset licenses for crypto trading in Hong Kong, less than a year after regulatory approval.

• Researchers explore predicting positive crypto trading outcomes using emoji sentiment on social media in a recent multidisciplinary study.

• Binance discontinues support for leveraged tokens paired with Tether on Feb. 19, affecting tokens like BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN.

• South Korea's ruling party, the People Power Party, seeks to delay crypto gains taxes for an additional two years as part of its campaign promises for the April general election.

Top Weekly Gainers

Amid the tumult of the cryptocurrency landscape, acknowledged for its intrinsic volatility, insightful traders exhibit a knack for identifying weekly frontrunners laden with promising opportunities for financial growth. Through adopting a proactive mindset and vigilantly tracking market trends and price fluctuations, investors can capitalize on these advantageous moments, potentially revolutionizing their investment strategies to achieve optimal results.

Worldcoin (WLD) has emerged as the top weekly gainer in the cryptocurrency market, experiencing a surge of 154.51% in just one week. The current price stands at $7.02, accompanied by a substantial trading volume of $1.44 billion. Notably, the Worldcoin community marked a significant milestone by announcing that the World App, Worldcoin's wallet, has surpassed 1 million subscribers this week, adding a layer of community-driven enthusiasm to its remarkable price performance.

Livepeer (LPT) follows closely with a substantial gain of 102.14% within the week, reaching a current price of $15.57. The trading volume for Livepeer stands at $160.69 million. The surge in value is attributed to the release of Sora, a groundbreaking generative AI system by OpenAI, enabling the generation of realistic videos from text input.

Orion (ORN) showcases a notable growth of 81.35% in the past week, currently priced at $1.72, with a trading volume of $37.23 million. Positioned as a suite of decentralized finance (DeFi) trading products, Orion offers users instant access to aggregated liquidity from both centralized and decentralized exchanges.

Artificial Liquid Intelligence (ALI) has also demonstrated a noteworthy increase of 81.11% in the past week, reaching a current price of $0.04328. The trading volume for ALI stands at $3.83 million. The AI Protocol, powered by the ALI Utility Token, a native ERC-20 token, plays a central role in decentralized applications within the ecosystem.

Arweave (AR) has experienced a substantial jump of 56.72%, bringing its current price to $14.73, with a trading volume of $120.81 million. The Arweave Ecosystem is gaining attention for its innovative features, including a hyper-parallel computer and Proof-of-Stake (PoS) computation within Arweave. These features, showcased on the recently launched Testnet, contribute to Arweave's notable weekly gain and position it as an intriguing player in the evolving cryptocurrency landscape.

Top Weekly Losers

In the midst of the ever-changing dynamics of the cryptocurrency space, a diverse mix of weekly winners and those grappling with challenges emerges. All are confronted with the repercussions of regulatory shifts, market volatility, and negative media scrutiny. Despite facing setbacks in the form of losses, this juncture becomes crucial for traders and investors to reflect on their strategies, dissect the factors causing hindrances, and make intentional decisions to guide their future investments towards success. In this week's cryptocurrency market, numerous tokens witnessed significant declines.

Multichain (MULTI) has emerged as the top weekly loser in the cryptocurrency market, experiencing a substantial decline of 34.13% within the week, bringing its current price to $0.8431 with a trading volume of $6.62 million. The notable downturn in MULTI's value is further compounded by its recent delisting from Binance. Formerly known as Anyswap, MULTI positioned itself as a versatile router for web3, emphasizing its role as infrastructure designed for arbitrary cross-chain interactions.

Shapeshift FOX Token (FOX) follows suit, plunging by 23.06% in the past week and currently priced at $0.07257, with a trading volume of $2.05 million. ShapeShift, known for its borderless, self-sovereign, cross-chain crypto trading platform and portfolio manager, faces challenges amid the broader market's volatility.

DeFiChain (DFI) is another significant weekly loser, witnessing a plummet of 23.17% and reaching a current price of $0.08249, with a trading volume of $6.93 million. DFI, a blockchain platform dedicated to maximizing the potential of decentralized finance (DeFi) within the Bitcoin (BTC) ecosystem, grapples with market trends that have impacted its standing in the crypto landscape.

LUKSO (LYX) has experienced a downswing of 22.29% in the past week, with the current price at $6.21 and a trading volume of $2.42 million. LUKSO, dubbed the Blockchain for the new digital lifestyle, was created by former Ethereum Developer Fabian Vogelsteller, known for his contributions to ERC20 and ERC725 standards.

MANTRA (OM) rounds out the list of top weekly losers, witnessing a decrease of 21.74% to reach a current price of $0.2368, with a trading volume of $21.82 million. MANTRA operates as a Cosmos SDK-based L1 blockchain, addressing regulatory compliance gaps in the Cosmos ecosystem.

Hot ICOs To Watch Out For

Active ICOs

Forgotten Playland is currently in the midst of its Initial Coin Offering (ICO), having commenced its sale on February 14 and set to conclude on February 20. The project, a free-to-play online party game slated for release in the first quarter of 2024, has fundraised $9,750,000 out of its $10,000,000 goal. Developed and backed by Vermilion Studios, Forgotten Playland aims to bring an exciting and engaging gaming experience to users, emphasizing accessibility through its free-to-play model.

Style Protocol is actively raising funds through its ongoing ICO, which began on February 15 and is scheduled to end on February 29. With a current fundraising amount of $1,320,000 out of a $1,720,000 goal, Style Protocol aims to revolutionize the virtual asset landscape by providing monetization and utilization opportunities across various games, metaverses, and virtual worlds. The project envisions a comprehensive approach to enhancing the value and utility of virtual assets in the gaming industry.

Aether Games is in the final stages of its ICO, which started on December 15 and is set to conclude on February 29. The game development studio has raised $12,860,000 out of its $13,310,000 fundraising goal. Specializing in creating high-end games within the crypto and NFT realm, Aether Games ensures a cohesive experience for players by building all its games within the same franchise and metaverse. The studio's approach combines cutting-edge technology with the growing market for blockchain-based gaming experiences.

Upcoming ICOs

Patex

Patex is gearing up for its ICO, set to kick off on February 28, though the conclusion date remains to be announced. With a fundraising goal of $2,130,000, Patex distinguishes itself as the inaugural blockchain designed to serve the extensive Latin American population, introducing a groundbreaking block model that prioritizes community rewards over traditional miner incentives.

Overlay

Overlay protocol is poised to launch its ICO on February 29, running until March 02, aiming to raise $2,720,000. What sets Overlay apart is its innovative approach, offering users the capability to engage in the trading of scalar, non-manipulable, and unpredictable data streams. This unique feature positions Overlay as an intriguing player in the evolving blockchain landscape.

GMatrixs

In the realm of GameFi, GMatrixs is preparing for its ICO in February, without specifying exact dates, and targets a substantial fundraising goal of $6,500,000. Positioned as the pioneering technology-focused Web3.0 integrated service eco-platform in the GameFi space, GMatrixs aims to bring cutting-edge solutions to the decentralized gaming sector.

Ended ICOs

Pixels recently concluded its Initial Coin Offering (ICO) from February 09 to February 19, raising $7,200,000. The project is dedicated to building a platform that allows users to create games seamlessly integrating digital collectibles. This unique approach adds a new dimension to the gaming experience, combining blockchain technology and digital assets to create innovative and engaging gameplay.

BeFi Labs, whose ICO ran from January 19 to February 18, reached its fundraising goal of $2,300,000. Positioned as a pioneer in CeDefi innovation, BeFi Labs leads the way in converging Web3 users into the expansive BRC20 ecosystem. The platform enables instantaneous and zero-fees trading of BRC20 tokens by seamlessly integrating with popular wallets like MetaMask. BeFi Labs' contribution to decentralized finance and web3 integration showcases the evolving landscape of blockchain technologies.

Ta-da, having concluded its ICO from January 18 to February 09, raised $4,550,000, meeting its fundraising goal. Ta-da's platform is designed to facilitate seamless interactions between AI companies and users, providing a streamlined experience for both parties involved.

Hottest Airdrops

• Visit B² Network Buzz airdrop page.

• Use invite code "IrsRO."

• Follow on Twitter, connect wallet, sign up.

• Deposit BTC, wBTC, USDT, USDC, ETH, BTCB, ORDI, SATS, MATIC.

• Withdraw bridged assets in April 2024.

• Earn yield and points based on staked assets and time.

• Get extra points for referrals.

• Collect parts to build mining rigs.

• Phase 3: Mine B² tokens with more rigs.

• 5% B² supply airdropped to participants.

• Join Odyssey campaign for more tokens.

• Check Medium article for Buzz airdrop details.

INIT Capital

• Visit INIT Capital website.

• Connect wallet, switch to Mantle network.

• Click "Join the Campaign."

• Follow on Twitter, join Discord, verify.

• You're now part of the campaign.

• Obtain Mantle-compatible tokens from Binance.

• Use Mantle bridge to transfer tokens, get free Mantle for gas fees.

• Deposit or borrow tokens to start earning points.

• Earn 1 INIT point for every $100 lent, 7 points for every $100 borrowed daily.

• Refer friends, earn 10% of their points.

• INIT points convert to INIT tokens after token launch.

• Check the Medium article for airdrop details.

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!