Weekly Crypto Roundup: Sentiment Rollercoaster, Standout Coins, and NFT Market Updates

Dear Readers,

Today's cryptocurrency market displayed a variety of movements. Bitcoin (BTC) neared the $73,000 mark once more, hitting its peak at $73,641, marking a new all-time high. Conversely, Ethereum witnessed a decline below $4,000. In addition, notable altcoins such as XRP and Cardano (ADA) experienced setbacks, while Solana (SOL) surged.

Bitcoin managed to uphold its position above $73,000, showing a minor increase of 0.23%, reaching $73,446 as of Thursday, March 14. Simultaneously, the cryptocurrency market showcased a collective market capitalization of $2.77 trillion.

Highlights Of The Week

• U.S. Attorney’s Office files civil forfeiture action on March 13 to return $2.3 million in cryptocurrencies to victims of online scams and fraud.

• Franklin Templeton publishes investor note on memecoins, stating they have no inherent value but could yield fast gains.

• Australian federal court dismisses lawsuit against Finder Earn, ruling it compliant with financial laws.

• Crypto firm 7RCC progresses towards launching environmentally-conscious spot Bitcoin ETF in the U.S.

• Elon Musk hints at adding Dogecoin as official payment method for Tesla cars in the future.

• NYSE threatens to delist Bakkt unless its average closing share price rises above $1.

• MicroStrategy announces proposed offering of $500 million convertible notes to acquire more Bitcoin.

• South Africa's FSCA approves 59 license applications from cryptocurrency platforms, subject to current regulations.

• Binance discloses cooperation with Nigerian authorities amid recent operational turmoil.

Crypto Fear & Greed Index

The Crypto Fear and Greed Index continues its ascent into the realm of extreme greed, surging by 7 points to reach a notable value of 88 today, following closely on the heels of yesterday's reading of 81. This surge coincides with Bitcoin's remarkable performance, as it breaches the $73,000 threshold to establish a new all-time high of $73,641, reflecting the fervent bullish sentiment dominating the cryptocurrency market.

ATH coins

Upon achieving its pinnacle market value, a cryptocurrency establishes itself among the distinguished ATH coins. This signals a noteworthy surge in coin demand, even though it doesn't ensure sustained growth. Given the considerable volatility in the digital currency space, thorough research and analysis are indispensable before contemplating investments in ATH coins. Presently, the following coins have excelled as exceptional performers, attaining notable ATH milestones in recent times:

Bitcoin (BTC) surged to new heights today, reaching an all-time high (ATH) price of $73,641. This remarkable milestone was driven by heightened interest from institutional investors. Currently trading at $73,478, Bitcoin maintains a significant trading volume of $48.40 billion, reflecting its enduring appeal and robust market presence.

OKB (OKB) also attained its ATH price today, peaking at $73.83. As a cryptocurrency issued by the OK Blockchain Foundation and the esteemed OKEx exchange, OKB enjoys widespread recognition and utility. With OKEx ranking among the largest exchanges globally, OKB is priced at $71.03 presently, accompanied by a trading volume of $49.11 million.

MX TOKEN (MX) achieved its ATH today, soaring to $3.91. Serving as the native token for the MEXC centralized exchange (CEX), MX TOKEN fuels the ecosystem and grants holders access to various platform benefits. With a trading volume of $32.69 million, MX TOKEN demonstrates resilience and traction within the crypto space.

Pepe (PEPE) made waves in the market, hitting an ATH price of $0.00001074. This deflationary memecoin, paying homage to the iconic Pepe the Frog internet meme, garnered substantial attention. Despite its whimsical origins, Pepe boasts a trading volume of $2.51 billion, showcasing its appeal to enthusiasts and investors alike.

Solchat (CHAT) emerged as a formidable contender, achieving an ATH price of $15.69. Built on the Solana blockchain, Solchat offers innovative communication features within a Web3 environment. Currently priced at $13.64, Solchat exhibits promising potential, accompanied by a trading volume of $33.85 million, underscoring its growing popularity and adoption.

Top Movers (24H)

The cryptocurrency market's unwavering reliability as an investment platform is evident as individuals who were once cautious now enthusiastically diversify their investment portfolios with various digital assets. Moreover, existing crypto investors are reinforcing their positions, resulting in notable price surges across different cryptocurrencies in the last 24 hours. Let's explore some well-known cryptocurrencies that have recently witnessed significant price increases.

Leading the pack is iMe Lab (LIME), whose price skyrocketed a staggering 97.97% in the past 24 hours. iMe Lab offers a comprehensive ecosystem built around a Telegram-based messenger, a cryptocurrency wallet, DeFi tools, and its native utility token, LIME. The platform allows users to send crypto in just a few clicks, making transactions fast, secure, and convenient. Trading activity for LIME is also heating up, with a current volume of $3.37 million.

X World Games (XWG) is another notable gainer, with its price climbing 73.33% within the last day. XWG is a Web3 company at the forefront of innovation in the next generation of gaming. They focus on both infrastructure and project development, aiming to bridge the gap between traditional and blockchain gaming. XWG is currently trading at $0.004177, with a daily volume of $9.56 million.

Bad Idea AI (BAD) also joins the party with a significant price increase of 63.01% over the past 24 hours. This surge comes on the heels of recent announcements regarding the project's milestones and strategic initiatives. Notably, Bad Idea AI's chatbot system has reached over 200,000 users across 235 groups, indicating strong user engagement and brand loyalty. BAD is currently priced at $0.00000007204, with a daily volume of $5.84 million.

Established players are not to be outdone. Aventus (AVT) witnessed a healthy gain of 47.51% in the last day. Aventus is known for its enterprise-grade blockchain solution designed for large partnerships that require millions of annual transactions. Aventus (AVT) is currently trading at $7.60, with a daily volume of $19.38 million.

Rounding out the list is ZeroSwap (ZEE), which experienced a 42.24% price jump within the last 24 hours. ZeroSwap offers a user-friendly platform for multichain token swaps with zero gas fees. They achieve this by using meta-transactions, where the platform itself pays the gas fees for users during on-chain swaps. ZEE is currently priced at $0.04993, with a daily volume of $1.19 million.

Non-Fungible Tokens – Developments

• Solana-based NFT trading platform Tensor to issue governance token $TNSR for protocol control.

• Reactor Motors Ethereum NFT collection of high-end racing cars to be adapted into a movie, directed by Pierre Morel.

• Sony files patent integrating non-fungible tokens (NFTs) into in-game mechanics, introducing "Super-Fungible Token" for gaming assets selection.

NFTs To Watch

Pudgy Penguins

Pudgy Penguins emerges as a titan within the NFT space, commanding attention with its robust volume of 882 ETH and a change of 113%. With a floor price of 13.70 ETH and 74 sales, this collection of 8,888 NFTs embodies the essence of Web3 innovation while championing values of love, empathy, and compassion. Beyond its monetary value, Pudgy Penguins serves as a beacon of positivity within its community, fostering a sense of camaraderie and belonging among enthusiasts.

Memeland Captainz

Memeland Captainz sets sail into the vast expanse of the NFT seas, capturing the imagination with its volume of 710 ETH and a change of 118%. Featuring 9,999 Captainz and their trusty pirate crews, this collection embarks on a daring quest through the Broken Seas in search of the fabled treasure known as "Memeland." With its floor price set at 4.03 ETH and an impressive 180 successful sales, Memeland Captainz offers enthusiasts not just an investment opportunity, but an immersive journey into a world of adventure and exploration.

Lil Pudgys

Despite their diminutive stature, Lil Pudgys stand tall within the NFT landscape, boasting a volume of 377 ETH and a change of 61%. Originating from the esteemed Pudgy Penguins lineage, this collection of 22,222 NFTs holds a special place in the hearts of collectors. With a modest floor price of 1.11 ETH and 351 sales, Lil Pudgys exemplify the notion that size does not dictate significance. They are not merely NFTs; they are a cherished piece of Pudgy Penguins history, embodying the essence of community and collective storytelling. 

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

Best Regards,
Crypto Recorder Team

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