The Weekly Crypto Roundup: Top-performing Coins, Market Lows, ICO Focus, and Airdrop Hype

Dear Readers,

Today's cryptocurrency market reflects a positive outlook, with Bitcoin (BTC) approaching the $67,000 mark and various altcoins experiencing notable gains. Ethereum is on the verge of reaching $3,700, while other prominent altcoins like Solana (SOL), XRP, and Cardano (ADA) have also seen significant increases. As of Tuesday, March 5, the Bitcoin price has risen by 2.15%, reaching $66,706. The overall cryptocurrency market boasts a substantial market cap of $2.49 trillion.

Highlights Of The Week

• Virginia Senate passes landmark bill for the creation of a crypto workgroup to study and recommend measures for tech expansion.

• Grayscale witnesses a removal of nearly 33% of its Bitcoin holdings on GBTC since converting into an ETF in mid-January.

• SEC delays decision on approving or rejecting BlackRock and Fidelity’s spot Ether ETFs.

• MicroStrategy plans to raise $600 million to buy more Bitcoin, aiming to increase its already significant BTC holdings.

• Judge Tana Lin partially satisfies SEC request for default judgment against Sameer Ramani in the Coinbase-related case, while ruling some cryptocurrency secondary sales as securities.

• Omni Network secures a $600 million deal in Ether from Ether.Fi for enhancing the security of the network and EigenLayer.

• Hong Kong’s SFC identifies and blocks fake websites impersonating local cryptocurrency exchanges.

Top Weekly Gainers

Amidst the chaotic fluctuations within the cryptocurrency sphere, acknowledged for its inherent unpredictability, astute traders showcase a knack for pinpointing Weekly Gainers brimming with lucrative prospects for financial advancement. By embracing a proactive approach and vigilantly monitoring market trends and price swings, investors can capitalize on these favorable instances, potentially reshaping their investment methodologies for optimal results.

In a week marked by impressive market movements, Mirror Protocol's governance token, MIR, stands out with a surge of 363.06%. Currently valued at $0.1304 and boasting a trading volume of $6.90 million, MIR's ascent reflects investor enthusiasm for the synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Shiba Inu (SHIB), the memecoin sensation, witnessed a staggering 289.63% increase in a single week, bringing its current price to $0.00003985 and a massive trading volume of $13.48 billion. The catalyst behind this surge is the impending debut of the 1.1 version of the Shib Name Service (SNS), allowing SHIB holders to personalize their tokens.

Amid the market fervor, Pepe (PEPE), a deflationary memecoin launched on Ethereum, soared by 271.67% in a week. Priced at $0.000007504 and with a trading volume of $4.34 billion, PEPE pays homage to the iconic Pepe the Frog internet meme created by Matt Furie.

Only1 (LIKE), the pioneering NFT-powered social media platform built on Solana, experienced a noteworthy 191.23% jump in a week, reaching a current price of $0.1091 and a trading volume of $10.43 million. Positioned as the most scalable blockchain to date, Solana provides the foundation for Only1's innovative approach to connecting social media users with content creators.

Numbers Protocol (NUM) made a significant impact in the market, with a notable 141.30% increase in a week, bringing its current price to $0.1361 and a trading volume of $8.93 million. Positioned as a trust-enhancing solution for AI companies, Numbers Protocol offers cost-effective verification and decentralized storage, enabling novel monetization strategies for digital content.

Top Weekly Losers

Amidst the dynamic landscape of the cryptocurrency domain, a weekly saga plays out, showcasing champions and challengers grappling with various obstacles. Negotiating the effects of regulatory changes, market swings, and unfavorable media scrutiny, participants find themselves in a critical moment. Despite setbacks in the form of losses, this juncture serves as a crucial chance for traders and investors to assess their strategies, dissect the factors contributing to setbacks, and intentionally chart a course for the prosperity of their future investments. Notably, several tokens witnessed significant declines in this week's cryptocurrency market.

Omax Coin (OMAX) faced a challenging week in the volatile cryptocurrency market, witnessing a substantial decline of 58.80%. Priced at $0.001787, with a trading volume of $1.78 million, OMAX Chain operates as a decentralized, open-source blockchain system. Omax, its native cryptocurrency, serves as a platform for various cryptocurrencies and facilitates the execution of decentralized smart contracts.

KIRA (KEX) experienced a notable 40.41% decrease in a week, currently priced at $0.1294, with a trading volume of $1.09 million. Positioned as a virtualization and consensus framework, KIRA stands out by enabling the deployment of trustworthy code without the need for smart contracts or complex infrastructure.

Orange (ORNJ) also faced a 24.31% plunge during the week, settling at a current price of $0.3439, with a trading volume of $6.15 million. Operating as a decentralized finance (DeFi) ecosystem, Orange offers a range of products and services designed to assist consumers and businesses in managing Bitcoin and other blockchain protocols.

Metaplex (MPLX) witnessed a decrease of 25.57% in the past week, with the current price at $0.1626 and a trading volume of $1.71 million. Positioned as a decentralized protocol on the Solana blockchain, Metaplex is dedicated to the creation, commerce, and use of digital assets.

L7 (LSD) experienced a significant 18.59% plummet over the week, settling at a current price of $9.17, with a trading volume of $3.64 million. L7 is a Web3 protocol for decentralized digital asset management, offering investment solutions for the global blockchain ecosystem.

Hot ICOs To Watch Out For

Active ICOs

K9 Finance, in the midst of its fundraising campaign that commenced on March 01 and concludes on March 06, aims to revolutionize the Shibarium blockchain with its liquid staking derivative (LSD) platform. Despite its ambitious goal of $1,600,000, K9 Finance has already garnered $1,500,000 in funds, showcasing the strong support and interest from the community.

Aether Games, a prominent game development studio, embarked on its ICO journey on December 15, with the campaign set to wrap up on March 07. Having raised $12,860,000 out of its $14,360,000 fundraising goal, Aether Games focuses on creating high-end games within the crypto and NFT realm, establishing a coherent franchise and metaverse.

Lastly, StarHeroes, currently in the midst of its ICO that began on February 28 and concludes on March 09, has accumulated $1,590,000 towards its $1,790,000 goal. Offering a cutting-edge gaming experience, StarHeroes combines competitive gameplay with an innovative in-game economy, providing players with a thrilling and addictive space battle experience in both web3 and web2 modes.

Upcoming ICOs

BRCStarter is set to kick off its fundraising campaign on March 06, concluding on March 08, with a fundraising goal of $1,020,000. This pioneering launchpad is uniquely tailored for BRC-20 projects, aiming to propel the adoption of these tokens within the crypto sector.

Masa, scheduled to start and end its ICO on March 07, has a fundraising goal of $17,690,000. Positioned as the World's Largest Decentralized Personal Data Network, Masa seeks to shift the power of data back to users, presenting an innovative approach to data ownership and privacy.

Dappad, with its ICO set to begin on March 18 and conclude on March 21, aspires to raise $2,720,000. Dappad Launchpad serves as a crucial link between Layer 2 projects and early investors, boasting versatile multichain capabilities.

Ended ICOs

YOUR Protocol wrapped up its sale on March 04, achieving its fundraising goal of $1,120,000 within a short timeframe from its February 29 start date. YOUR Protocol's accomplishment underscores the community's support for its vision and objectives.

Weave6, another standout project, concluded its ICO on March 02, exceeding its fundraising goal by raising $2,690,000. The Omnichain asset trading infrastructure provided by Weave6, featuring an indexer, marketplace, and launchpad, has evidently resonated with investors and enthusiasts alike.

Lastly, Style Protocol completed its fundraising campaign on February 29, reaching its goal of $1,720,000. The protocol's mission to bring monetization and utilization to virtual assets across games, metaverses, and virtual worlds has garnered substantial backing.

Hottest Airdrops

Bluefin

• Go to Bluefin website.

• Connect Sui wallet.

• Accept terms and onboard.

• In "Account," enter code: "v2-2kw0ud" for a 10% trading bonus.

• Get SUI and USDC on Binance.

• Use Portal bridge on Bluefin for USDCeth transfers.

• Deposit USDCeth on Bluefin.

• Trade on perpetuals to earn BLUE points.

• Bonus 10% for using the referral code.

• BLUE points convert to tokens (1:1) at TGE.

• 6% of total supply allocated to BLUE points collectors.

• Check Bluefin page for detailed reward info.

INIT Capital

• Visit INIT Capital website.

• Connect wallet, switch to Mantle network.

• Click "Join the Campaign."

• Follow on Twitter, join Discord, and verify.

• You're in the campaign!

• Get ETH/tokens on Mantle from Binance.

• Use Mantle bridge for token transfer, get free MNT for gas fees.

• Deposit/borrow tokens to earn points.

• Earn 1 INIT point for $100 lent, 7 points for $100 borrowed daily.

• Refer friends, earn 10% of their points.

• INIT points convert to tokens at launch.

• Read the Medium article for airdrop details.

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

Best Regards,
Crypto Recorder Team

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