Weekly Crypto Rundown: Biggest Movers, Hottest Airdrops and Anticipated ICOs

Dear Readers,

Recently, major cryptocurrencies saw a drop in momentum. Bitcoin (BTC) decreased by over 2.08% in the past 24 hours, with its current value at $67,546. Similarly, Ethereum (ETH) dropped by 3.24%, now trading at $2,645. Other altcoins also experienced losses, including XRP, down by 0.71%, Toncoin by 2.34%, Avalanche by 2.80%, and Shiba Inu by 3.75%. As a result, the total global cryptocurrency market capitalization fell by 2.35%, bringing it to $2.33 trillion.

Highlights Of The Week

• Tether-backed Northern Data Group may sell its cryptocurrency mining business, Peak Mining, and is considering an IPO on Nasdaq next year.

• Despite record capital inflows from European investors into U.S. Bitcoin ETFs, Bitcoin remains below the $70,000 mark since July. 

• CFTC Chair Rostin Behnam hopes new U.S. leadership will expedite stalled crypto regulations, claiming the agency is currently “handcuffed.”

• Rising Bitcoin hashrate and the upcoming halving event could lead to consolidation among smaller mining firms as competition intensifies.

• Stripe is acquiring stablecoin platform Bridge for $1.1 billion, marking one of its largest acquisitions and advancing its stablecoin payment initiatives.

Top Weekly Gainers

In the rapidly changing cryptocurrency market, where fluctuations are constant, skilled traders excel by identifying the Top Weekly Gainers that present significant financial potential. By actively tracking market trends and price movements, investors can capitalize on these opportunities, potentially enhancing their investment strategies for improved success.

Param (PARAM) is currently priced at $0.01802, marking an 186.60% increase with a trading volume of $9.49 million. Param Labs is building a modular gaming ecosystem powered by the PARAM token, which supports independent games like Kiraverse and developer tools such as PixelToPoly. The ecosystem also includes a Layer-2 blockchain for scalability.

PowerPool (CVP), priced at $0.05559, has surged by 71.84% with a volume of $1.92 million. This protocol operates the decentralized DePIN network, PowerAgent V2, which facilitates DeFi automation and supports AI Agents with reliable transaction automation.

ApeCoin (APE), valued at $1.51, has risen 98.37%, boasting a volume of $1.33 billion. The ApeChain, a Layer-3 blockchain developed by ApeCoin DAO in collaboration with Yuga Labs, is gaining traction in the NFT space, attracting interest from crypto traders and enthusiasts.

Simon's Cat (CAT), at $0.00003953, has seen a 35.51% increase, with a trading volume of $372.41 million. As the officially endorsed memecoin of the beloved Simon’s Cat brand, this token has strong backing, leveraging its connection to the popular animated series that has garnered over 1.6 billion YouTube views.

Tybeng (TYBENG), priced at $0.0002302, has grown by 32.49% with a volume of $2.54 million. TYBENG powers the Benji Bananas ecosystem, rewarding players through swing-to-earn competitions and events like liquidity mining.

Top Weekly Losers

The cryptocurrency landscape experiences constant shifts, bringing both achievements and challenges. The "Top Weekly Losers" highlight the obstacles posed by changing regulations, market volatility, and media attention. Yet, this week offers traders and investors a key opportunity to reassess their strategies and strive for improved results.

Reef (REEF) is currently priced at $0.002092, reflecting a decrease of 68.20%. With a trading volume of $13.11 million, Reef stands out as a Layer-1 blockchain designed for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Built on the Substrate Framework, it offers impressive scalability, enabling near-instant, low-cost transactions.

Carv (CARV) is currently valued at $0.8338, down by 33.59%, with a trading volume of $56.36 million. CARV is constructing the largest modular Identity and Data Layer (IDL) for the gaming and AI industries. With integration across over 900 games and AI companies, CARV serves more than 10 million registered players, aiming to revolutionize digital identity and data management across these expanding sectors.

Pochita (POCHITA) is priced at $0.002281, with a 37.34% decrease in value, and a trading volume of $1.64 million. Positioned as the new face of Solana, Pochita leverages the robust infrastructure of the Solana blockchain, symbolizing a fresh and innovative approach to decentralized ecosystems.

Zeus Network (ZEUS) is currently trading at $0.217, a decrease of 24.20%, with a trading volume of $4.03 million. Zeus Network operates as a cross-chain communication layer on the Solana Virtual Machine (SVM). Its primary mission is to introduce Bitcoin liquidity to Solana, with its first decentralized application (DApp), APOLLO, serving as the key vehicle for this initiative.

WeWay (WWY)is valued at $0.001201, with a 24.04% decrease, and a trading volume of $1.05 million. WeWay positions itself as a Web3 ecosystem hub, fostering a vibrant community of developers, traders, investors, and IDO participants. Through its dynamic ecosystem and strategic global partnerships, WeWay is driving the widespread adoption of decentralized finance (DeFi) and blockchain technologies.

Hot ICOs To Watch

Active ICOs

In recent developments, Babylon began its sale on October 8, 2024, and successfully raised $88 million across six funding rounds. Babylon is at the forefront of designing security protocols that scale Bitcoin, aimed at securing the decentralized world.

Meanwhile, Zyfi (ZFI) launched its Public Community Round on October 8, 2024, with the sale running until October 29, 2024. Zyfi seeks to raise $2.2 million to further its mission as a Paymaster-as-a-Service, providing flexible and easily integrated solutions to accelerate the adoption of paymasters within the zkSync ecosystem.

Additionally, Solanex AI (SOLDEX), a decentralized exchange using AI-driven technology for optimized trade execution and liquidity management, began its sale on September 30, 2024, raising $344,000 in its first round.

Upcoming ICOs

K4 Rally (K4R) is an innovative blockchain-based rally racing game that seamlessly merges the thrill of real-world rallying with Play&Earn gaming. The K4R sale will run from October 23-24, 2024, with a fundraising goal of $250K.

Next up is FullHouse (FH), a revolutionary Web3 gaming platform that empowers users to truly be part of "The House." The FullHouse sale is also set for October 23-24, 2024, with a target to raise $200K.

Lastly, Huddle01, which has already secured $4.5M in two funding rounds, is redefining audio/video communication. Their 3-pronged approach includes a video meeting platform, an Audio/Vidoe infrastructure, and a decentralized RTC (dRTC) network. Huddle01’s next sale will begin on October 29, 2024.

Ended ICOs

Boundlesspay (BPAY) successfully concluded its fundraising campaign on October 22, 2024, raising an impressive $1.1 million across seven rounds. This innovative application transforms your smartphone into a secure mobile bank, featuring a pre-installed digital wallet and debit card that facilitates the storage and spending of digital currencies at merchants worldwide.

Puffer Finance (PUFFER) wrapped up its fundraising efforts on October 21, 2024, amassing a total of $24.27 million through eight rounds. Puffer is designed as an anti-slashing and permissionless liquid staking protocol, providing users with enhanced security and flexibility in their staking activities.

Cros (CROS)also completed its fundraising on October 21, 2024, securing $12.4 million in five rounds. Cros Chain is an advanced Ethereum Layer 2 and AI platform focused on in-game advertising, bridging the gap between advertisers, developers, and the vast community of 3 billion players globally.

Hottest Airdrops

GRVT

• Navigate to the GRVT website to get started.

• Click on the "Sign Up" button and register for a new account. After completing the registration, verify your email address.

• Finalize your Know Your Customer (KYC) process to ensure full access to the platform.

• Once registered and verified, you will receive 80 ZK tokens as a reward.

• To earn 100 ecosystem points, ensure you use the provided referral link during registration. Complete the form to claim your points (open for two weeks).

• Begin trading on the GRVT platform to accumulate additional GRVT points for free.

• Share the platform with your friends! The more friends you invite, the higher your reward allocation from the airdrop pool, which consists of 12% of GRVT tokens.

• Participate in the Zealy quest and earn another 100 ecosystem points.

• Verified KYC users can request access to the private GRVT Telegram channel by submitting a request through Discord. Simply open a ticket and ask for access.

• After gaining access to the Telegram channel, you'll be eligible to fill out a form to claim another 100 ecosystem points.

Defx

• Begin by visiting the official Defx platform.

• Link your crypto wallet to the site and ensure that your network is set to Arbitrum.

• Deposit USDC on the Arbitrum network, then place a few trades. This will allow you to begin accumulating points.

• Points are distributed every week, so your activity is continuously rewarded.

• Head to the referral page and generate your custom referral link.

• Share your referral link with your network. You can earn up to 45% of the fees generated by your referrals.

• The Defx team has confirmed that the points you earn will contribute to a retroactive airdrop. Your rewards will be based on your trading volume and how early you begin trading.

• For more information and updates, follow Defx on Twitter and join their Discord to keep track of the airdrop and other important announcements.

Best Regards,
Crypto Recorder Team

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