Weekly Crypto Radar: Analyzing Sentiment Changes, Top Picks, and NFT Insights

Dear Readers,

Today, the crypto market is mostly doing well, with big cryptocurrencies bouncing back. But not all digital currencies are doing as well, some are still facing challenges. Bitcoin, the main cryptocurrency, is slowly recovering and might reach $40,000. As of Thursday, January 25, Bitcoin's price has gone up by 0.27%, reaching $40,063. On the other hand, Ethereum's price has dropped by 0.50%, landing at $2,224, and Binance Coin (BNB) has seen a 0.53% decrease, bringing its price to $291.

Highlights Of The Week

• Blackberry's research arm identifies financially motivated attacker targeting high-net-worth Mexican crypto exchanges and banks.

• Former Binance CEO Changpeng Zhao seeks to pledge multibillion-dollar stake in Binance.US for temporary travel approval, court filing reveals.

• Unauthorized use of third-party email provider confirmed as cause of malicious emails to Trezor hardware wallet users.

• US securities regulator delays decision on BlackRock's proposed spot Ether ETF, citing the need for additional review time.

• Ripple Labs and SEC engage in a war of letters over Ripple's financials and institutional sales contracts.

• Bitwise makes Bitcoin addresses of its spot BTC ETF fund public, two weeks after trading availability.

• Florida named "best state" for cryptocurrency taxes, while New York is deemed the worst, as per CoinLedger data.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index has seen a big change, shifting from a long period of "Greed" to a more balanced "Neutral" state. This switch is noteworthy as the index has consistently shown "Greed" since mid-October 2023. The change comes after a significant drop in Bitcoin's price, going below $40,000. Yesterday's index was a "Neutral" 48, and last week it was a "Greed" 63. The current index is now at a balanced "Neutral" 52. This shift suggests a possible rethinking of how investors feel about the cryptocurrency market, following a period of prolonged optimism.

ATH coins

Once a cryptocurrency reaches its peak market value, it earns a place among the distinguished ATH coins. This signals a significant upswing in coin demand, but it doesn't promise sustained growth. Given the substantial volatility in the digital currency landscape, thorough research and analysis are crucial before considering investments in ATH coins. Presently, the subsequent coins have distinguished themselves as exceptional performers, attaining notable ATH milestones in recent periods:

Manta Network (MANTA) has made headlines today by reaching an all-time high (ATH) price of $3.30, showcasing substantial growth. Despite the current price resting at $3.24, the recent positive developments, such as the listing on Bithumb and a successful airdrop for early supporters, have significantly contributed to MANTA's surge. Notably, the trading volume for MANTA stands at a robust $801.79 million.

Thoreum V3 (THOREUM) has achieved an ATH price of $1,266.05, emphasizing its prominence in the crypto space. As a hyper-deflationary, liquidity mining token, THOREUM advocates for a HODL strategy. The current price remains at the ATH level, and the trading volume stands at $96,367.

Fluxbot (FLUXB), Solana's leading Telegram AI trading bot, has reached an ATH price of $0.1087, although it is currently trading at $0.08821. The accompanying trading volume of $3.56 million suggests active engagement with Fluxbot's innovative features, facilitating next-generation trading across the Solana ecosystem.

DeFinder Capital (DFC) has hit an ATH price of $2.49, solidifying its position as a noteworthy cryptocurrency. The current price is $2.48, and the trading volume stands at $1.97 million. DFC distinguishes itself by adopting a decentralized autonomous organization (DAO) approach, positioning the token as a flexible platform for social engagement.

Honk (HONK) takes a unique stance as the first goose-themed coin on the Solana blockchain, achieving an ATH price of $0.01015. Currently trading at $0.009578, HONK draws inspiration from the audacious goose in the viral video game "Untitled Goose Game." The trading volume for HONK is notable at $5.59 million.

Top Movers (24H)

With the cryptocurrency market consistently establishing itself as a trustworthy investment platform, individuals who initially approached it with caution are now enthusiastically adopting it and broadening their investment portfolios to include a diverse array of digital assets. Moreover, contemporary crypto investors are consolidating their positions, contributing to notable price surges in several cryptocurrencies over the past 24 hours. Let's take a closer look at some familiar cryptocurrencies that have recently encountered significant price hikes.

ritestream (RITE) takes the lead with a surge of 59.41%, reaching a current price of $0.06374 and a trading volume of $3.12 million. Ritestream, driven by the mission to democratize the creator economy for Film and Television, operates in four key areas: Streaming, Cryptoknights, Metaverse, and Launchpad.

Following closely, Ark (ARK) has experienced a significant increase of 38.13%, now priced at $1.06, with a substantial trading volume of $203.97 million. ARK stands out as a cryptocurrency and blockchain-based development platform that empowers individuals to create fully customizable and interoperable blockchains.

Aleph.im (ALEPH) is another notable performer, surging by 43.87% to achieve a current price of $0.2998 and a trading volume of $5.96 million. Aleph.im operates as an open-source crosschain network, offering decentralized database services, including file storage, computing, and a decentralized identity (DID) framework.

Lisk (LSK) has experienced a significant jump of 41.13%, setting its current price at $1.38. The trading volume for Lisk is notable, reaching $174.45 million. Binance Futures has recently announced the launch of futures trading with up to 50x leverage for Lisk, a blockchain application platform.

Finally, Ampleforth (AMPL) demonstrates a increase of 31.58%, reaching a current price of $1.34 and a trading volume of $3.01 million. Ampleforth operates as an Ethereum-based cryptocurrency with an algorithmically adjusted circulating supply.

Non-Fungible Tokens – Developments

• Find Satoshi Lab's new video game, Gas Hero, has generated $90 million in NFT trading since its launch earlier this month.

• South Korean telecom giant KT Corporation is shutting down its NFT platform, MINCL, as of March 4.

• Magic Eden introduces a long-term reward program on the Solana platform, featuring an inclusive reward model developed over the past year.

NFTs To Watch

In the past 24 hours, Kanpai Pandas has emerged as a standout in the NFT space, boasting a trading volume of 181 ETH and a staggering change of 174%. With a floor price of 2.48 ETH and 81 successful sales, Kanpai Pandas is not just an NFT collection but an omnichain experience. It seamlessly combines exclusive collaborations and major brand partnerships with on-chain game theory, offering tangible real-world utility to its holders.

The Bored Ape Yacht Club has navigated the past 24 hours with a notable trading volume of 453 ETH and a respectable change of 18%. With a floor price of 26 ETH and 18 successful sales, this collection of 10,000 unique Bored Ape NFTs stands out on the Ethereum blockchain. Beyond the digital realm, each Bored Ape serves as a membership card to the Yacht Club, unlocking exclusive benefits.

Milady Maker has made waves in the past day with a trading volume of 252 ETH and a modest change of 9%. Featuring a floor price of 2.93 ETH and 90 sales, Milady Maker is a collection of 10,000 generative pfpNFTs showcasing a neochibi aesthetic inspired by street style tribes. The fusion of generative art and street style creates a visually striking and culturally relevant collection.

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

Best Regards,
Crypto Recorder Team

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