Weekly Crypto Recap: Gainers, Losers, ICO Insights, and Airdrop Updates

Dear Readers,

On November 14, Bitcoin entered the trading arena, experiencing a modest decrease of 0.76 percent. Despite this dip, it had a limited impact on Bitcoin's sustained price level. As of the current moment, the highest-valued cryptocurrency is trading at $36,745.

On the same day, Ether exhibited a marginal price increase of 0.15 percent, with its current value standing at $2,062. The majority of other cryptocurrencies followed Bitcoin's lead, registering losses. The prevailing volatility is attributed to anticipated data updates from the US, scheduled to be revealed later today.

Highlights Of The Week

• Organisation for Economic Co-operation and Development (OECD) survey reveals cryptocurrencies as the second most popular investment among French adults.

• Australian Taxation Office (ATO) issues guidance on capital gains tax (CGT) treatment for DeFi and wrapped crypto tokens.

• Crypto.com's Dubai entity granted Virtual Assets Service Provider (VASP) license, pending operational approval.

• BlackRock's filing suggesting an XRP exchange-traded product causes a brief 12% spike, subsequently losing value after confirmation of the filing being fake.

• The SEC may approve all 12 pending spot Bitcoin ETF applications by Nov. 17, with a reported "window" for approvals starting from Nov. 9.

• Cboe Digital announces Jan. 11, 2024, as the launch date for Bitcoin and Ether margin futures trading, aiming to be the first US platform offering both spot and leveraged derivatives.

• The US House FSC schedules a Nov. 15 hearing to delve into illicit activities within the cryptocurrency ecosystem.

• Bitget abandons plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.

• Tether increases its USDT token supply by 4 billion over the past month.

• The Indian Supreme Court declines to consider a PIL seeking regulations and guidelines for cryptocurrency trading in India.

Top Weekly Gainers

In the realm of cryptocurrency, notorious for its inherent volatility, astute traders have the capacity to identify the weekly frontrunners that offer promising possibilities for financial growth. By embracing a proactive approach and closely monitoring market trends and price changes, investors can capitalize on these favorable instances, potentially redesigning their investment strategies for achieving optimal results.

Crypto sensation FTX Token (FTT) stole the spotlight this week, soaring from $1.2216 to a dazzling $3.38. This 176.69% surge was accompanied by a trading volume spike from $37.26 million to an attention-grabbing $210.17 million. FTT serves as the inherent cryptocurrency token for FTX, a cryptocurrency derivative trading platform that was introduced on May 8, 2019.

Enter the ORDI (ORDI), making waves with a stellar performance. Starting at $9.1717, ORDI shot up to $20.50, boasting a 123.51% climb. Trading volume mirrored this surge, leaping from $56.85 million to a $340.27 million. The surge in ORDI coin was prominently driven on November 7th, propelled by the announcement from Binance, regarding the coin's listing.

Celestia (TIA) shook up the crypto scene, leaping from $2.44 to $5.38 in a week, a striking 120.49% gain. Its trading volume mirrored the excitement, skyrocketing from $84.65 million to a whopping $862.82 million. Celestia is the first easy-to-use modular blockchain network for deploying personalized blockchains with minimal effort.

Lightning struck the 0x Protocol (ZRX) market as it surged from $0.26 to $0.48, boasting a 84.62% gain. The thunderous rise was echoed in trading volume, soaring from $18.27 million to a thunderous $262.54 million. 0x is a decentralized exchange protocol for easy trading of ERC20 tokens and assets across various blockchains, including Ethereum, without relying on central intermediaries.

DFI.Money (YFII) emerged as a blazing star in the crypto sky, surging from $577.19 to $1012.74, a scorching 75.46% climb. Trading volume flared up from $4.39 million to a blazing $10.54 million. DFI.MONEY, or YFII, is a decentralized finance (DeFi) aggregator platform and a fork of the well-known yearn.finance (YFI).

Top Weekly Losers

Within the perpetually tumultuous realm of the cryptocurrency market, one encounters a mix of weekly champions and those enduring hardships, all under the sway of regulatory changes, market ups and downs, and adverse media attention. Although facing losses can be a trying experience, they provide an essential platform for traders and investors to assess their approaches, break down the factors behind setbacks, and make well-considered choices to direct their upcoming investments toward prosperity.

This week dealt a heavy blow to LimeWire (LMWR) token, witnessing an astonishing 39.39% weekly price plunge, leaving it at a mere $0.20. The trading volume for LMWR now stands at $1 million. LimeWire is a platform that enables content creators, artists, and brands to establish membership-based communities.

Gas (GAS) coin faced an unexpected downturn, with an 28.89% drop in its weekly price, settling at $8.37. The trading volume for GAS has dipped to $294.73 million. Gas is a NEO blockchain platform token designed primarily to serve as transaction fees for processing on the NEO network.

Veloce (VEXT) experienced a sharp decline of 28.57% in its weekly price, now valued at $0.35. Despite this, the trading volume for VEXT remains relatively stable at $3.50 million. Veloce grants you membership within Veloce Media Group, providing the opportunity to make a lasting impact on the group.

Trust Wallet Token (TWT) took a hit this week, witnessing a 21.74% plunge in its weekly price, settling at $1.26. The trading volume for TWT has decreased to $38.34 million. Trust Wallet Token, known as TWT, is a straightforward BEP-20 utility token offering various benefits and incentives to Trust Wallet users.

API3 (API3) token faced adversity with an 12.35% weekly price drop, bringing its value down to $1.49. Despite the setback, the trading volume for API3 stands at $10.65 million. API3 aims to enable the creation, management, and monetization of decentralized versions of APIs on a large scale.

Hot ICOs to Watch Out For

Active ICOs

Manilla Finance

Manilla Finance is currently in the midst of its ICO, which commenced on September 1 and is scheduled to conclude on November 30. Although their fundraising goal is a substantial $4,300,000, the project has secured $1,100,000 in contributions. Manilla Finance stands out as a Web 3.0 CeDeFi solution, dedicated to enhancing the efficiency of utility bill payments through the utilization of digital currency.

SANGO

SANGO, having initiated its ICO on July 25, is set to continue its fundraising efforts until December 31. With a commendable $1,000,000 already raised, SANGO distinguishes itself as The First Digital Monetary System Powered by the Bitcoin Blockchain. The project aims to make significant strides in reshaping the financial landscape through its innovative approach.

yPredict

yPredict, which began its sale on August 1, has achieved its fundraising goal of $6,500,000, having raised the entire amount. Notably, the end date of yPredict's ICO is yet to be announced. The platform prides itself on being an AI-powered solution, providing businesses of all sizes with accurate predictive analytics, showcasing the growing interest in the intersection of artificial intelligence and blockchain technology in the current market.

Upcoming ICOs

Rebase

Rebase, scheduled to kick off its sale on November 16, has set a fundraising goal of $8,650,000. Positioned as an AR Adventure & Web3 lifestyle application, Rebase promises users the opportunity to explore, collect, and redeem exclusive digital rewards in the real world, presenting a captivating blend of augmented reality and blockchain technology.

Solak GPT

Solak GPT, with its sale set to commence in November (exact dates pending), seeks to raise $100,000. Promoting a decentralized ecosystem, Solak offers a lightning-speed web 3 Browser/Extension with an integrated DeFi ecosystem, promising users a seamless and efficient browsing experience coupled with decentralized financial functionalities.

GMatrixs

Similarly launching its sale in November without specific dates, GMatrixs has outlined a fundraising goal of $6,500,000. Positioned as the first technology-focused Web3.0 integrated service eco-platform in the GameFi space, GMatrixs aims to bring innovation to the gaming industry through its integrated services, signaling the continued expansion of Web3.0 into diverse sectors.

Ended ICOs

Propbase

Propbase, which started its sale on November 3 and concluded on November 10, surpassed its fundraising goal by securing $230,000, exceeding the initial target of $180,000. Propbase distinguishes itself as a blockchain-based property transaction marketplace, focusing on investment properties in attractive and growing destinations globally.

Chappyz

Chappyz, having initiated its ICO on October 26 and concluding on November 3, achieved its fundraising goal of $1,630,000. Positioned as an AI-powered plug-and-play protocol, Chappyz focuses on building genuine community engagement and growth while providing real-time rewards to community members. The project's success highlights the demand for innovative solutions fostering authentic online communities.

Neutron

Neutron, which kicked off its sale on October 11 and concluded on October 30, raised $10,000,000. Neutron facilitates developers in easily constructing cross-chain applications using the Inter-Blockchain Communication Protocol (IBC) and offers DeFi decentralized applications with the comprehensive economic security of the Cosmos Hub, showcasing the growing interest in interoperability and security within the blockchain space.

Hottest Airdrops

EtherMail

• Visit Ethermail website.

• Click "Sign up for free."

• Connect Metamask, sign a transaction.

• Enter a secondary email.

• Click "Go to inbox" and activate Thor Protocol by "Retrieve Encryption Keys."

• Receive 250 EMC.

• Click "EMC" to invite friends, get 250 EMC per referral.

• Rewards initially in EMC, converted to $EMT after token launch.

• For airdrop details, check the Medium article.

Vela Exchange

• Visit Vela Exchange.

• Connect Arbitrum wallet.

• Go to the airdrop page.

• Eligible users claim free VELA tokens.

• Trade $3,000+ for 1 min for eligibility.

• Choose Red or Blue pill before claiming.

• Blue pill = immediate, lower rewards.

• Red pill = earn up to 8x by active trading.

• Check the airdrop tweet for 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!