Weekly Crypto Recap: Winners, Losers, ICO Spotlights, and Airdrop Alerts

Dear Readers,

On Tuesday, the cryptocurrency market experienced a sudden and widespread sell-off, leading to a 1% decrease in the global crypto market cap, which now stands at $1.65 trillion. Bitcoin's value swiftly declined by 2%, dropping from $43,400 to $42,500 within a few hours, marking a nearly 2% decrease over a 24-hour period. Additionally, prominent altcoins such as ETH, SOL, BNB, XRP, and others also saw a notable 2-4% decrease in value during the same timeframe.

Highlights Of The Week

• Bitcoin mining hash rate reaches new all-time high on Christmas day, adding pressure on miners amidst profitability slump.

• zkSync network faces outage on Christmas; developers work during the holiday to bring it back online within five hours.

• Debtors of defunct FTX propose separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed.

• SEC sets Dec. 29 deadline for spot Bitcoin ETF applicants to file final S-1 amendments, as reported by Reuters.

• Former BitMEX CEO warns that successful spot Bitcoin ETFs could "completely destroy" Bitcoin.

• Central Bank of Nigeria lifts restrictions on banks facilitating cryptocurrency transactions, anticipating increased competition between exchanges and P2P merchants.

• Base Network, nurtured by Coinbase, shows consistent growth with nearly $735 million total value locked (TVL), a 4% increase in the past week.

• Coinbase denies Senator Elizabeth Warren's allegations of employing former government officials to impede digital asset regulation progress.

• Turkish President appoints crypto and blockchain expert, Professor Fatma Özkul, to the central bank's monetary body.

Top Weekly Gainers

In the ever-fluctuating landscape of cryptocurrency, renowned for its inherent unpredictability, astute traders exhibit a talent for pinpointing weekly leaders that hold auspicious prospects for financial advancement. By adopting a proactive approach and vigilantly monitoring market dynamics and price fluctuations, investors can exploit these opportune instances, potentially revolutionizing their investment tactics to attain peak outcomes. In the fast-paced world of cryptocurrency, the past week saw impressive gains in the value of multiple digital assets.

Foremost among these standouts is Moonriver (MOVR), which has undergone an increase of 388.67%. Originating from a modest $6.71, MOVR's current valuation has reached a notable $32.79. This surge has been underscored by a substantial increment in trading volume, ascending from $4.33 million to a noteworthy $256.47 million. The market impact was further accentuated by Binance's recent announcement of the initiation of futures trading for Moonriver.

KIRA (KEX) has similarly distinguished itself with a surge of 374.7%, transitioning from a modest starting point of $0.02332 to its current valuation of $0.1107. Beyond the numerical ascendancy, KIRA sets itself apart with its virtualization and consensus framework, allowing for the deployment of trustable code devoid of reliance on smart contracts or intricate infrastructure. The associated trading volume for KIRA has experienced a significant uptick, progressing from $998,063 to $1.90 million.

Meanwhile, SORA (XOR) has notched a robust surge of 262.86%, elevating from an initial valuation of $0.0006898 to its present standing at $0.002503. SORA's distinctiveness lies in its overarching goal of establishing a supranational economic system and a democratic governance structure for equitable capital allocation. Trading volume for SORA has mirrored this upward trajectory, expanding from $197,166 to $1.06 million.

Convergence (CONV) has also exhibited a noteworthy price increase of 240.54%, transcending from an initial valuation of $0.0006519 to the current price of $0.00222. Convergence Finance, in pursuit of creating a secure and compliant DeFi ecosystem, has garnered attention by providing access to quality projects and IDOs. Trading volume for CONV has undergone a substantial surge, ascending from $339,628 to $10.11 million.

Elastos (ELA) has realized a rise of 231.04%, navigating from its initial valuation of $1.24 to the prevailing $4.13. The impetus behind this surge can be attributed to the introduction of Elastos' BeL2 layer-2 network designed to operate atop the Bitcoin blockchain. Accompanying this surge is a notable uptick in trading volume, escalating from $1.15 million to $4.00 million.

Top Weekly Losers

In the unending chaos of the cryptocurrency arena, there exists a mix of weekly victors and those encountering challenges, all maneuvering through the effects of regulatory shifts, market undulations, and adverse media scrutiny. Despite the challenges posed by losses, this proves to be a crucial juncture for traders and investors to assess their approaches, deconstruct the elements causing setbacks, and make intentional decisions to steer their forthcoming investments toward triumph. In the current week's cryptocurrency market, numerous tokens recorded significant losses.

DeFine (DFA) experienced a substantial setback in the past week, with its high price of $0.01631 plunging by -50.68% to the current price of $0.008044. DFA recoded the trading volume of $3.19 million in past 24 hours. DeFine operates as a social NFT platform, catering to a diverse array of creators, including artists, musicians, influencers, gamers, and athletes.

Gec (GEC) witnessed a sharp decline of -48.71% in the last week, with its high price of $0.7185 falling to the current price of $0.3685. The current trading volume for Gec stands at $1.16 million. Geometric Energy Corporation (GEC), a technology company at the forefront of sustainable energy, space, and computing industries, faced a significant setback in its valuation.

DFX Finance (DFX) exhibited a decrease of -26.61%, moving from a high price of $0.06993 to the current $0.05132. The trading volume for DFX is recorded at $3.19 million. DFX operates as an Ethereum-based decentralized exchange protocol, akin to Uniswap, with a dynamically tuned bonding curve optimized for fiat-backed stablecoins.

Storj (STORJ) saw a decline of -25.31%, with its high price of $1.0724 declining to the current $0.801. The trading volume for Storj stands at a substantial $115.73 million. Pronounced as "storage," Storj is an open-source cloud storage platform utilizing a decentralized network of nodes.

SELO+ (SELO) faced a drop of -24.2%, moving from a high price of $0.3958 to the current $0.3. The trading volume for SELO+ is reported at $1.15 million. SELO+ focuses on building web3 services connecting hyperlocal and online to on-chain, aiming to fulfill the evolving needs of users.

Hot ICOs to Watch Out For

Active ICOs

NFPrompt

In the current landscape of active Initial Coin Offerings (ICOs), NFPrompt stands out as a pioneering project in the Web3 space. With its sale initiated on December 20 and set to conclude on December 27, NFPrompt has raised $60,000,000. Functioning as the Prompt Artist Platform, NFPrompt enables users to transform their creative visions into AI-generated Non-Fungible Tokens (NFTs). The uniqueness of this platform lies in its approach, allowing collectors and enthusiasts not only to buy and sell NFTs but also to possess the original prompt used to generate each captivating image.

Aether Games

Aether Games has also entered the ICO arena with a sale that commenced on December 15 and is scheduled to wrap up on December 28. Having garnered $4,500,000 in funds out of its $8,180,000 fundraising goal, Aether Games positions itself as a prominent game development studio operating within the crypto and NFT realm. The studio distinguishes itself by crafting high-end games that are interconnected within the same franchise and metaverse, ensuring a cohesive and immersive gaming experience for its audience.

BitSwap

BitSwap, a notable player in the ongoing ICOs, initiated its sale on December 24 and is set to conclude on December 28, aiming to achieve a fundraising goal of $1,000,000. BitSwap Protocol introduces a groundbreaking concept as the first cross-chain swap designed for BRC20 and Bitcoin Ecosystem. This protocol offers a seamless trading experience for BRC20 assets across diverse blockchains, establishing itself as a key player in enhancing the interoperability of blockchain ecosystems.

Upcoming ICOs

Mar3 AI

Embarking on its ICO journey, Mar3 AI is scheduled to initiate its sale on January 8, with the fundraising crusade slated to conclude on January 12. The project sets fundraising goal of $1,520,000. Mar3 AI distinguishes itself as an AI-driven social decentralized application (dApp), fostering an environment where individuals can cultivate friendships while also capitalizing on opportunities within the Web3 space.

Digiverse

In the upcoming ICO landscape, Digiverse emerges as a standout contender, commencing its sale from January 9 and wrapping up on January 11. With a fundraising target of $1,400,000, Digiverse aims to carve its niche as a digital metaverse, aiming to create a perceptual realm of virtual reality. The project's vision is to offer users an immersive experience within the digital landscape, blurring the lines between reality and the virtual world.

IvendPay

Lastly, IvendPay, with an unconfirmed sale start date in January and a fundraising goal of $3,370,000, stands out as an international payment service facilitating cryptocurrency transactions across various channels such as point-of-sale terminals, mobile apps, e-commerce platforms, API integrations, and vending machines.

Ended ICOs

Manilla Finance

Manilla Finance recently completed its ICO, which ran from September 1 to December 25. Despite falling short of its fundraising goal of $4,300,000, the project raised $2,600,000. Manilla Finance positions itself as a Web 3.0 CeDeFi solution with a specific focus on enhancing the process of paying utility bills through the use of digital currency.

Liquid Crypto

Liquid Crypto concluded its ICO from December 14 to December 20, surpassing its fundraising goal of $2,710,000 by raising the exact amount. Positioned as the next generation of DeFi, Liquid Crypto offers a comprehensive suite of decentralized exchange (DEX) services, including liquidity pools, token swaps, and bridging features.

OVAL3

OVAL3, the first Rugby Web3 game globally, completed its ICO from December 13 to December 19. The project achieved its fundraising goal of $2,630,000 during this period. OVAL3 introduces a unique concept, allowing users to collect, play, and win official digital cards for an immersive gaming experience centered around Rugby.

Hottest Airdrops

edeXa

• Visit edeXa Zealy airdrop page.

• Connect your wallet.

• Complete quests for XPS.

• Top 500 XP scorers get up to $200 in EDX tokens.

• Refer friends for extra XPs.

• Top 10 referrers receive up to $100 in EDX tokens.

Kinza Finance

• Go to Kinza Finance website.

• Connect your BSC wallet.

• Get BNB/tokens on Binance.

• Pick a market, supply tokens.

• Borrow some tokens for extra points.

• Earn airdrop points (4% of total supply).

• Refer friends, get 10% of their airdrop at TGE.

• Points convert to KZA tokens after TGE.

• Check the Medium article for more 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!