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Weekly Crypto Pulse: Sentiment Analysis, Top Performers, and NFT Exploration
Crypto Recorder Team
November 09, 2023
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Dear Readers,
On Thursday, November 9, Bitcoin recorded a 3.85% increase in its value, reaching a total of $36,305. This marks the highest value Bitcoin has achieved so far this year. Interestingly, November 9, 2021, was also the date when both Bitcoin and Ether achieved their last known all-time highs (ATHs) of $68,000 and $4,890, respectively.
While both BTC and ETH are currently below their previous ATHs, they are trading at significantly higher prices compared to earlier this year. Ether experienced a 1.76% growth in the last 24 hours, and its current value stands at $1,913.
Highlights Of The Week
Ubisoft teams up with Immutable for Web3 gaming development.
Ritual secures $25 million in Series A funding for AI infrastructure in crypto.
US securities regulator open to the revival of FTX with lawful leadership.
Australian crypto exchange CoinSpot hit by $2.4 million hack due to a probable private key compromise.
Marathon Digital Holdings witnesses 670% YoY revenue increase in Q3, driven by a five-fold rise in Bitcoin production.
SEC challenges Binance's legal arguments in its attempt to dismiss a lawsuit.
SEC considers approving 12 pending spot Bitcoin ETF applications in the coming eight days.
Linekong Interactive invests $15 million in Bitcoin network-related projects.
Near and Polygon developers collaborate to create "zkWASM," enabling WASM-based networks to join Polygon ecosystem for the first time.
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Sigma Lithium has return an almost identical 2,706% since it began trading in 2018.
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Crypto Fear & Greed Index
The Crypto Fear & Greed Index currently indicates a sentiment of "Greed" at a level of 69, with yesterday's reading also showing a "Greed" sentiment at 66. This surge in greed may be attributed to the anticipation surrounding the future of Bitcoin's price, which is hinging on the approval of a spot BTC Exchange Traded Fund (ETF) by the US Securities and Exchange Commission (SEC).
As Bitcoin enthusiasts and investors eagerly await the SEC's decision, the crypto market remains in a state of optimism, with hopes that such regulatory approval could pave the way for a bullish run, possibly pushing Bitcoin's price towards its target of $49,000.
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ATH coins
Once a cryptocurrency reaches its highest market value, it secures a place among the top-performing all-time high (ATH) coins. This indicates a substantial increase in coin demand, but it does not guarantee sustained growth. Given the notable volatility within the realm of digital currencies, conducting comprehensive research and analysis becomes paramount when considering investments in ATH coins. Currently, the following coins have stood out as exceptional performers, achieving notable ATH milestones in recent times:
OKB (OKB) has reached a significant milestone by attaining an all-time high (ATH) price of $59.13 today. As of now, the coin's current price is $58.76, with a trading volume of $27.12 million. OKB stands as a cryptocurrency introduced by the collaborative efforts of the OK Blockchain Foundation and the Maltese cryptocurrency exchange, OKEx.
Kaspa (KAS) is another cryptocurrency that has hit its ATH price of $0.08506 today, indicating increasing demand for this digital asset. Currently, Kaspa's price stands at $0.08712, with a trading volume of $97.22 million. Kaspa is a cryptocurrency using PoW with GHOSTDAG, a protocol that lets parallel blocks coexist and reach consensus.
PAAL AI (PAAL) is yet another coin that has reached its all-time high today, with an ATH price of $0.1346. Its current price is $0.1285, with a trading volume of $1.44 million. PAAL is a chatbot powered by AI and ML technologies. It simplifies tasks usually requiring human intelligence, like understanding natural language, recognizing images, making decisions, and solving problems.
The cryptocurrency Beam, a native token of the Beam network, has also achieved its all-time high today, with an ATH price of $0.006332. Interestingly, its current price remains at the ATH level of $0.006332, with a trading volume of $2.88 million.
Polygon Ecosystem Token (POL) has seen its ATH price reach $0.8382 today. Even though it's a noteworthy achievement, the current price of POL is $0.8106, with a trading volume of $1.31 million.
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Top Movers (24H)
As the cryptocurrency market continues to establish itself as a credible investment choice, individuals who were once apprehensive are now embracing it and broadening their investment horizons to encompass a wide array of digital assets. Furthermore, contemporary crypto investors are fortifying their holdings, leading to substantial price surges in several cryptocurrencies over the last 24 hours. Let's take a closer look at a selection of prominent cryptocurrencies that have recently undergone price surges.
FTX Token (FTT) has shown substantial resilience in the cryptocurrency market, with an 81.82% price increase in the last 24 hours. It began at a low price of $1.21 and is now trading at $2.20. The current trading volume for FTX Token stands at $213.12 million. FTT serves as the proprietary cryptocurrency token for the crypto derivatives trading platform FTX, which was introduced on May 8, 2019.
Netvrk (NTVRK) has witnessed an even more significant 82.18% price surge, soaring from $0.1852 to $0.3374 in the past day. With a trading volume of $2.26 million, this cryptocurrency is making waves in the market, attracting attention from investors who are looking for high-growth opportunities. Netvrk is a blockchain-based social virtual realm where users can craft and profit from their creations.
GAMEE (GMEE) has captured the interest of crypto enthusiasts with a notable 64.39% price increase over the last 24 hours. Starting at $0.01553, its current price stands at $0.02553, and it boasts a trading volume of $3.68 million. GAMEE is a global play-to-own mobile gaming platform with 40 million users and 7 billion gameplays, Telegram's top game publisher.
Zigcoin (ZIG) has made a solid move, showing a 64.24% increase. It commenced at $0.01208 and is now trading at $0.01984. ZIG's trading volume is relatively high at $7.69 million. Zignaly is a modern social investment platform that links top fund managers worldwide with digital asset investors.
Bonk (BONK) has displayed a substantial 57.87% increase in the past 24 hours, despite its initial low price of $0.000001106. BONK is currently trading at $0.000001746 and has attracted considerable trading volume, reaching $43.48 million. BONK is Solana's first dog-themed coin, created "for the people, by the people," offering a 50% supply airdrop to the Solana community.
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Non-Fungible Tokens – Developments
UV lights identified as the probable cause of health issues at Yuga Labs' ApeFest in Hong Kong.
Coatue Management slashes OpenSea NFT platform stake value by 90%.
Nansen blockchain analytics reports consistent growth in weekly Ether sales volume for NFTs.
NFTs To Watch
In the past 24 hours, the NFT market has seen some activity with several standout collections gaining significant traction.
Bored Ape Kennel Club
The Bored Ape Kennel Club has experienced a surge, with a trading volume of 212 ETH and a change of 329%. The floor price currently stands at 1.99 ETH, and it has witnessed 106 sales during this period. The Bored Ape Kennel Club is a prominent digital community created on the Ethereum blockchain in June 2021, featuring an extensive collection of 9,602 unique items.
DeGods
DeGods, a digital art collection and global community, also made waves with a trading volume of 799 ETH, marking a substantial change of 225%. The floor price for DeGods NFTs is now 3.41 ETH, and they've achieved a substantial 235 sales in the past day.
Azuki Elementals
Azuki Elementals, featuring 20,000 unique characters within the Garden, demonstrated robust performance with a trading volume of 347 ETH, a change of 191%, and an affordable floor price of 0.73 ETH. This collection saw 513 sales in the last 24 hours, indicating strong interest in the diverse domains of Azuki Elementals.
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!