Weekly Crypto Review: Gainers, Losers, ICOs & Airdrops

Dear Readers,

Despite many anticipating April to start off with a bang for the crypto-markets, Tuesday saw a consistent decline along its most prime indicators. Bitcoin and Ethereum both saw price drops of nearly 5%.

In fact, the broader cryptocurrency markets saw early dips in Tuesday’s trade with waning sentiment. The latest data which indicates slowing inflation lends credence to this, as many turn to cryptocurrencies as a hedge against inflation. With yields on US government debt at their two-week peak, investors are taking a more cautious approach.

Bitcoin continues to struggle in its upward push. Within the last 24 hours, Bitcoin has hovered beneath the $67,000, mark, with many anticipating its fall to persist.

Highlights Of The Week

• Former FTX chief Sam Bankman-Fried, convicted of one of history's largest financial frauds, was sentenced to 25 years in jail, despite his remorseful plea. The conviction marks a stark downfall from what many perceived as being a crypto wonder kid to an incarcerated ex-billionaire.

• According to a recent report by the analysis firm, VettaFi, US cryptocurrency ETFs have been seeing increased inflows with Bitcoin's price rebounds. Newly launched funds have been attracting over $1.2 billion in assets this past week, driven mainly by renewed investor interest amid high demand for Bitcoin.

• In what is being hailed as a major crypto development,
  Google has introduced a feature that enables users to effortlessly check their cryptocurrency wallet balances directly through its search engine. This offers real-time insights into various blockchain networks including Bitcoin, Ethereum, and others. The milestone revolutionizes the accessibility and management of digital assets.

• Bitcoin miners reached a historic milestone in the month of March, recording a record-breaking $2 billion in earnings. With transaction fees contributing $85.81 million, March 2024 has been etched as the highest income month in the network's history, just ahead of the impending halving event. 

• 48 US Lawmakers have penned a letter to the SEC Chair to press on Ether's security status, warning of a potential market turmoil. With 48 signatories, they have unanimously demanded clarity on ETH's classification by April 9th as well as its implications for digital asset markets.

Top Weekly Gainers

With Bitcoin’s famed halving event approaching, despite present hesitation in the market, the past week has seen some tremendous winners. Certain cryptocurrencies in particular have been on a noteworthy rally.

In the following discussion, we'll delve into these standout performances and the factors contributing to their success.

Pokomon:

Pokomon (POKO), a blockchain token targeting the gaming sector, witnessed an extraordinary surge in price over the past week. Starting at $0.000011, its price skyrocketed to $0.000390, representing a phenomenal 3530% increase. Accompanied by a $3 million trade volume, this spike has drawn attention, with speculations suggesting its appeal to some of the largest fanbases in the world. This could continue to drive demand, particularly given its exceptionally low supply.

Andy:

Andy, the newly launched meme coin, experienced a staggering surge last week, with its price skyrocketing from $0.00000070 to $0.00001800, a 2444% increase. Trade volume surpassed a staggering $15 million, highlighting the craze around the coin.

Bitget, a top exchange, announced Andy’s listing on Solana, which has massively contributed to growing interest around the meme-based cryptocurrency.

Core:

Core, an L1 blockchain compatible with Ethereum Virtual Machine (EVM), witnessed a staggering take off last week, with its price rocketing from $0.09 to $3.50. This translates to an epic 290% increase, almost quadrupling its price. Even more impressive, the hype around Core, caused it to reach over $700 million in trade volume.

Powered by the innovative "Satoshi Plus" consensus mechanism, combining Bitcoin's mining hash and DPoS, Core has attracted market attention. Analysts foresee further potential gains if momentum persists, suggesting potential entry points during minor retracements amid a bullish sentiment shift.

Coinye West:

Coinye West (COINYE), the venerable homage to Kanye West and one of the oldest meme-coins, has seized the spotlight with an astounding surge in price. From a modest $0.0018, its price catapulted to a staggering high of $0.0340, boasting an unprecedented 16000% leap. The coin's trade volume soared past $4 million, echoing the broader bullish trend among meme coins. This surge coincides with a wider meme coin rush sparked by recent legal developments surrounding Coinbase.

Ada:

Ada, the cryptocurrency named after Anatoly Yakovenko's dog, experienced significant growth in the past week. Starting at $0.00057, its price soared to $0.00590, marking a tenfold increase and crossing $4 million in trade volume. The surge coincides with bullish chart indicators, hinting at continued momentum in the coming months. Yakovenko's frequent mentions of his dog typically contributes to heightened interest in Ada.

Top Weekly Losers

With the spectacular rise seen in the overall crypto-market, and bulls fully activated, there are also several names in the crypto-sphere that did not perform up to mark. In fact, these have even brought in quite the losses to its holders in the prior week. At the time of writing this newsletter, the top weekly losers among cryptocurrencies, are as follows:

CrazyPepe:

CrazyPepe, the memecoin, faced a devastating blow this week, plummeting by over 71% to a mere $0.000000000833. Despite a surge in trade volume, exceeding $1 million, the price continued its downward spiral. Nevertheless, some bullish investors are attempting to inject positivity into the situation. These calls appear increasingly futile given the downward price trajectory.

Bonk 2.0:

Throughout the past week, Bonk 2.0 faced a significant setback, dropping by 75% and remaining in the red. Its trading volume also notably decreased from $3.4 million to nearly $1 million. Interestingly, the community remains persistently optimistic about a potential price stabilization for the player, particularly considering its strong popularity in the Solana community.

Rex:

This week, Rex, the dinosaur-themed token, faced a significant downturn, underlining the volatile nature of even innovative crypto-tokens. Within 7 days, Rex dropped drastically from $0.0372 to $0.0096, causing substantial losses for the community—a staggering weekly decline of over 75%. The drop in trading volume, from $4 million to $1 million suggests that any potential of a bounce-back is far-fetched at present.

Eggy:

Eggy saw a consistent decline in the crypto market over the past week, plunging from over $0.0222 to now below $0.061, marking a staggering 73% drop in just the last week. Despite intermittent stability, and a brief $0.0440 peak, the past week was generally catastrophic for Eggy. This decline persists despite Ethereum's positive trends, hinting at a significant downfall that is likely to continue.

Avalox:

The meme and defi token on the Avalanche chain, Avalox underwent a turbulent week with trading volumes swinging from $500 to nearly $800,000. In this timeframe, its price sporadically dropped, hinting at substantial sell-offs that led to a sharp decline. Over seven days, Long's price plummeted from $28 to below $2.40.

Hot ICOs To Watch Out For

Active ICOs

SatoshiDEX:
The SatoshiDEX (DEX) ICO has surged, securing an impressive $1.5 million in just one month. Its success is credited to the project’s connection to Bitcoin, and its proof of transfer consensus mechanism. It is a unique offering that brings both innovation and flexibility to Bitcoin.

Through DEX, users can directly trade in Bitcoin, eliminating the need for costly Ethereum, as well as other wrapped assets.

SatoshiSync:

SatoshiSync (SSCN) represents an active ICO opportunity with $470,000 raised and a full day ahead. The ICO has followed a model of pioneering financial empowerment through innovative blockchain solutions.

Bridging traditional finance with blockchain, their token offers the first ever permissionless chain agnostic protocol for BTC L2 and for inscriptions.

SSCN’s game-changing aspect is its fully decentralized fully open market inscription creation tool. This essentially allows participants with zero coding skill, zero knowledge to participate in a cross-chain and permissionless manner.

PrivateAI

The PrivateAI (PGPT) token sale has achieved remarkable traction, reaching $1.19 million of its $1.86 million target. PGPT, driven by a Data-as-a-Service model, serves data owners and producers looking to monetize complex data sets.

It has a stellar roadmap ahead with many milestones expected throughout 2024. The token launch is one of the most important. The project also aims to establish decentralized research communities within this year, which will be built on the proof of data availability concept. This is a highly ambitious project which would engage with AI engineers and AI tools.

Upcoming ICOs 

GAMS3.GG:

This week, GAMS3.GG (G3) launches its highly anticipated ICO, already securing an impressive $4 million in funding pre-launch. It offers a solid gaming-oriented web3 network which comes with niche game discovery, reliable content, and valuable reviews.

G3 tokens can be staked on the network for badges that allow premium features and other privileges to its holders. Similarly, they can also be redeemed for exciting rewards such as early game access and seasonal battle passes.

In addition to these perks, G3 serves as the platform's currency, through which users can pay tournament entry fees and get access to other services and offerings.

Ordify:

Ordify (ORFY) is generating significant buzz in the cryptocurrency space with its upcoming token sale set to start later this week. Despite not having officially launched, ORFY has already achieved a remarkable 62% of its fundraising target, amassing an impressive $1.9 million.

ORFY positions itself as a suite of products catered to cryptocurrency investors looking to streamline their wallet, bridge, launchpad, and a lot more.

This synergy aims to catalyze the development and deployment of innovative participation that is based on a tier system, with each tier corresponding to a different pool weight. 

Umoja:

Umoja (UMJA) is poised for an upcoming ICO to raise $6 million through a token sale, later this month. Impressively, the project has already amassed $4 million in funds pre-launch.

Umoja stands out as the pioneer of smart money protocols, revolutionizing the landscape of digital assets. Unlike traditional cryptocurrencies, Umoja enables the creation of 'smart money' by integrating automated investment strategies into tokens. This empowers users to automate trading, mitigate market volatility risks, and enhance yield optimization. 

Ended ICOs

Ethena

The Ethena (ENA) ICO ended, ushering in a new era for derivative infrastructure stablecoins, amassing $6.5 million. Offering unparalleled bypassing of banking channels, Ethena aims to establish an Etherum-based synthetic dollar.

Ethena introduces groundbreaking innovations in decentralized finance (DeFi). Its synthetic dollar protocol, USDe, offers a censorship-resistant, scalable, and stable crypto-native solution, backed transparently on-chain.

By delta-hedging staked Ethereum collateral, USDe maintains peg stability. Additionally, Ethena pioneers the 'Internet Bond,' utilizing yield from staked Ethereum and market funding to create a crypto-native savings instrument.

BitBrawl:

The BitBrawl (BRAWL) ICO concluded remarkably, meeting its full $3.67 million fundraising goal. Recent chatter within the crypto sphere has highlighted the initiative's momentum.

BitBrawl revolutionizes the gaming industry with its Compete-To-Earn model, offering players the chance to earn rewards while engaging in skill-based PvP battles. Built on Solana, it boasts 20+ partnered project skins and 10,000 unique brawlers, ensuring a diverse and immersive experience.

Its focus on fun, interactive gameplay and sustainable tournament systems sets a new standard for web3 gaming, prioritizing enjoyment alongside earning potential and fostering a thriving gaming community.

Hottest Airdrops

XSwap Airdrop:

1. Visit the XSwap website.

2. Connect your wallet.

3. Navigate to "Swaps" and exchange tokens across different blockchains.

4. XSwap currently facilitates swaps on Ethereum, Optimism, Polygon, Matic, Base, Arbitrum, and Avalanche networks.

5. Explore the Bridging feature.

6. Earn points for each swap made.

7. Points are calculated based on swap count and volume.

8. Get 15% of the points earned by each referral.

9. While XSwap doesn't have its own token yet, it plans to launch one in the future.

10. Users accumulating points may qualify for an airdrop upon the token's launch. 

Gate.io Airdrop:

1. Register an account on Gate.io.

2. Undergo KYC2 verification.

3. Deposit a minimum of 100 USDT.

4. Higher deposits yield greater rewards.

5. Stand a chance to receive up to a 900 USDT contract voucher.

6. Sign up through the provided link to qualify for rewards.

7. Utilize contract vouchers to cover losses, trading, and funding fees.

8. Enjoy one month of VIP 2 level benefits.

9. Existing users can attain up to a 2,000 USDT contract voucher and one month of VIP 8 level benefits by completing specified trading volumes.

10. Rewards are limited to the first 500 participants and are distributed on a first-come, first-served basis.

11. VIP users receive Gate.io airdrops, with higher levels receiving a greater share. Actual profits depend on airdrop amount and selling price.

MYTH Airdrop:

1. Head to the MYTH Zealy airdrop page.

2. Connect with Zealy using Discord, WalletConnect, or email to enter the event.

3. Complete straightforward social tasks to earn XP.

4. Participate in quiz and true or false tasks for additional XP.

5. Accumulate XP to climb the leaderboard ranks.

6. Share in 6,250,000 MYTHx tokens during TGE, valued at around $1,000,000.

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!