Weekly Crypto Recap: Top Gainers, Market Slumps, and ICO Highlights

Dear Readers,

Bitcoin is undergoing a correction this Tuesday, trading at $97,606, which represents a 0.73% drop after recently surpassing the $100,000 mark and hitting a new all-time high last week. This surge was fueled by significant institutional interest. The broader cryptocurrency market followed suit, with Ethereum (ETH) falling 3.20% to $3,750 and Solana (SOL) dropping 4.36% to $217. Over the last 24 hours, the total cryptocurrency market capitalization has decreased by 3.00%, now standing at $3.47 trillion.

Highlights Of The Week

• Max Resnick, a blockchain researcher, transitioned from Ethereum infrastructure firm Consensys to Solana research firm Anza, after critiquing Ethereum’s layer 2 scaling focus and advocating for base layer scaling like Solana.

• Binance CEO Richard Teng stated it's premature to discuss reentering the US market, despite an incoming pro-crypto administration, following Binance’s exit a year ago.

• Google’s Quantum AI team unveiled a chip solving a problem in under five minutes, a task that would take a supercomputer 10 septillion years, but experts suggest it doesn’t currently threaten crypto encryption.

• Bitmain expanded production in the US to counter supply chain issues, as Bitcoin miners face delays in ASIC deliveries due to escalating US-China trade tensions.

• Floki and Mastercard launched a crypto debit card supporting eight blockchains and various cryptocurrencies, available in physical and virtual forms across 31 European countries.

• Elon Musk declared himself a “volunteer IT consultant” for US President-elect Donald Trump, aligning with the administration’s focus on government efficiency.

• Former Binance CEO Changpeng "CZ" Zhao speculated that China might adopt a Bitcoin reserve strategy, inspired by proposals from the incoming US administration.

Top Weekly Gainers

In the constantly evolving and highly volatile cryptocurrency landscape, where prices can shift unpredictably, seasoned traders thrive by identifying the highest-potential assets each week. By staying alert to market trends and price fluctuations, investors can take advantage of these opportunities and adjust their strategies to boost returns. The cryptocurrency market continues to present exciting developments and significant price movements across various tokens.

In the latest market updates, Shadow Token (SHDW) is currently priced at $0.7809, marking a remarkable 61.01% increase. With a trading volume of $4.95 million, SHDW powers the Shadow dePIN ecosystem, offering decentralized storage, compute, and network orchestration. Users are leveraging SHDW for seamless decentralized data storage and a variety of other utilities, making it a cornerstone of the ecosystem's infrastructure.

Meanwhile, Humans.ai (HEART) is priced at $0.04178, reflecting a 51.17% increase and a trading volume of $2.2 million. Known as "AI with a heart," Humans.ai is leading the way in pioneering the first framework for ethical AI and blockchain integration. This innovative approach combines the power of artificial intelligence with blockchain technology to drive ethical advancements.

Orca (ORCA) is another standout performer, trading at $5.00 with a significant surge of 49.85% and a robust trading volume of $95.22 million. Positioned as Solana's most user-friendly decentralized exchange (DEX), Orca is one of the first general-purpose automated market makers (AMMs) on Solana. The platform simplifies asset swaps, liquidity provision, and yield earning, offering users an intuitive interface for seamless trading.

Hacken Token (HAI) has also made strides, now priced at $0.06871 after climbing 32.05%. With a trading volume of $1.25 million, HAI is operated by the decentralized hDAO and serves as a Work-to-Earn, utility, and governance token. Hacken supports community-driven initiatives, providing its members with tools and resources to make a tangible impact within the ecosystem.

Lastly, Wrapped Mantle (WMNT) is trading at $1.18, experiencing a 28.67% rise and a trading volume of $6.2 million. Mantle is making waves in Ethereum scaling by utilizing a modular chain approach. By integrating decentralized data availability with Ethereum roll-ups, Mantle is leading the charge toward the next generation of hyper-scalable Layer 2 blockchain solutions.

Top Weekly Losers

The cryptocurrency market is dynamic, experiencing regular cycles of growth and decline. The "Top Weekly Losers" list underscores how factors such as regulatory shifts, market volatility, and media influence can profoundly affect asset prices. Although this week shows a downturn, it presents an opportunity for traders and investors to reevaluate their strategies and strive for better results in the future.

SelfKey (KEY), priced at $0.001381, has seen a 40.07% decrease, accompanied by a trading volume of $10.05 million. SelfKey is a blockchain-based identity platform that facilitates secure management of identity data, including KYC requirements, for both individuals and organizations. With its focus on decentralized identity, SelfKey has partnered with institutions such as Standard Chartered Bank, Bitmax exchange, EQIBank, and GSR to drive forward the adoption of secure digital identity solutions.

In the gaming sector, Heroes of Mavia (MAVIA), valued at $1.44, has experienced a 35.10% decline with a trading volume of $39.67 million. This Web3 MMO strategy game is set in a fantasy world where players build and defend bases, battle rivals, and earn valuable in-game resources such as Gold, Oil, and Ruby. Despite the market drop, Heroes of Mavia remains a significant title in the rapidly expanding world of blockchain-based gaming.

Synesis One (SNS), trading at $0.03005, has seen a 31.24% decrease, with a trading volume of $1.75 million. Synesis One addresses AI development challenges by leveraging a decentralized autonomous organization (DAO) model and incorporating play-to-earn incentives. This approach helps generate high-quality datasets that are crucial for training advanced AI algorithms, positioning Synesis One as a key player in the AI and blockchain space.

Finally, OORT (OORT), priced at $0.2028, has experienced a 23.71% decline, with a trading volume of $8.01 million. OORT focuses on building a decentralized AI ecosystem by emphasizing diverse data sources and addressing biases within AI models. Drawing inspiration from technologies like ChatGPT and Google Gemini, OORT aims to create a fair and transparent AI framework that can drive innovation in the space while promoting equity and trust.

Hot ICOs To Watch

Active ICOs

Seraphnet (DLLM)

Seraphnet is currently running a public sale from December 9 to December 12, 2024, with a fundraising goal of $2.8M. The platform serves as a decentralized base layer for Generative AI applications, offering a multi-layered infrastructure that ensures unbiased, ideologically-transparent outputs. Additionally, Seraphnet prioritizes data privacy, incorporating Fully Homomorphic Encryption (FHE) to safeguard user data.

Wild Forest (WF)

The IDO for Wild Forest is being held on Impossible Finance, running from December 4 to December 12, 2024. The sale aims to raise $90K. Wild Forest is an engaging single-screen real-time strategy game that offers an open economy and dynamic PvP battles, providing players with an immersive and competitive gaming experience.

Cyclean (CCL)

Cyclean is hosting an SHO on DAO Maker from December 7 to December 14, 2024, with a fundraising goal of $700K. This blockchain-based platform is dedicated to promoting eco-friendly energy solutions and the adoption of electric vehicles. The name "CYCLEAN" merges "Cycle" and "Clean," reflecting its commitment to creating a more sustainable environment through renewable energy initiatives.

Upcoming ICOs

Pentagon Games (PEN)

Starting December 11, 2024, Pentagon Games will launch its Initial DEX Offering (IDO) on Chainboost, running through December 13, 2024. The project aims to raise $25K, with a vision to create a multichain entertainment hub powered by the zkEVM-based Pentagon Chain. This platform will offer secure, immersive, AI-driven 3D experiences while integrating brands and intellectual properties with Web3 technologies.

Glacier Network (GLS)

Glacier Network will begin its public sale on December 11, 2024, and will run until December 18, 2024, with a fundraising goal of $2M. Glacier is an L2 rollup network designed to empower decentralized applications (DApps) and provide programmable data composability solutions. Through its L2 rollup technology, Glacier facilitates seamless management of datasets with GlacierDB, enabling more efficient and scalable DApp development.

Active Token (ACTIVE)

Active Token ($ACTIVE), the utility token behind the YayPal ecosystem and the AIHubben AI gaming platform, will commence its sale on December 11, 2024. To date, $100K has been raised over four rounds. The Active Token rewards players for their activity within the ecosystem and offers unique utility within Non-Fungible Tokens (NFTs), providing tangible benefits for users.

Ended ICOs

SupraOracles (SUPRA)

The sale for SupraOracles (SUPRA) concluded on December 10, 2024, raising $27.9 million across 10 rounds. SupraOracles is a groundbreaking blockchain platform known for its ambitious approach and innovative features, positioning itself as a key player in the blockchain space.

U2U Network (U2U)

U2U Network, the Layer 1 blockchain built on Direct Acyclic Graph (DAG) technology and EVM-compatible, completed its sale on December 9, 2024, raising a total of $23.8 million in 8 rounds. This project aims to revolutionize blockchain technology through its unique infrastructure.

War Three Kingdom (W3KT)

War Three Kingdoms (W3KT), a Web3 RPG game inspired by the historical Three Kingdoms period, concluded its sale on December 8, 2024. The sale raised $2.5 million in 4 rounds. The game, available on Telegram and mobile platforms, brings an exciting historical experience to the world of Web3 gaming.

Hottest Airdrops

Sonic Labs

• Visit the official Sonic Labs airdrop platform.

• Connect your Web3 wallet.

• If prompted, enter the invite code: ghdnsu.

• Navigate to blaze.soniclabs.com.

• Claim testnet tokens (FAST) from the faucet.

• Perform swap transactions using the testnet tokens.

• Interact with various platform features to explore the ecosystem.

•  

Swing

• Visit Galaxy Exchange

• Connect your cryptocurrency wallet to the platform

• Select your source chain and the token to swap

• Choose your destination chain and the token to receive

• Review transaction details and complete the swap

• Accumulate Swing Points automatically

• Track earned points through the Galaxy Exchange dashboard

Best Regards,
Crypto Recorder Team

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