The Weekly Crypto Rundown: Decoding Top Performers, Market Lows, Upcoming ICOs, and Airdrop Mania

Dear Readers,

The cryptocurrency market witnessed an upbeat turn today as Bitcoin (BTC) held firm above the $71,000 threshold, maintaining its momentum after peaking above $72,000. Additionally, Ethereum surged past the $4,000 mark, signaling strength in the market. Meanwhile, notable altcoins like Solana (SOL), XRP, and Cardano (ADA) demonstrated significant gains. Bitcoin inched closer to the $72,000 mark, registering a 0.81% uptick and reaching $71,674 as of the current writing on Tuesday, March 12. The cryptocurrency market flaunted a market capitalization of $2.69 trillion.

Highlights Of The Week

• President Joe Biden proposes a 30% tax on electricity used by crypto miners in the 2025 budget.

• Thailand's Securities and Exchange Commission allows private funds to invest in spot Bitcoin ETFs traded on US exchanges.

• El Salvador makes a 70% profit on Bitcoin following President Bukele's buying strategy amid a recent rally.

• Coinbase urges a court to compel the SEC to establish long-overdue rules for the crypto industry.

• VanEck waives sponsor fees for the first $1.5 billion in its Bitcoin Trust ETF until March 31, 2025.

• Donald Trump suggests a potentially positive stance on cryptocurrency if re-elected during a CNBC interview.

• Canadian Bitcoin miner Bitfarms purchases 51,908 Bitmain ASIC miners for $14 to $17.50 per terrahash.

• Tether collaborates with the Celo network, expanding its USDT stablecoin across various blockchain networks.

Top Weekly Gainers

In the whirlwind of cryptocurrency dynamics, renowned for its built-in volatility, perceptive traders exhibit an ability to discern Weekly Gainers loaded with promising chances for financial growth. By embracing a proactive mindset and attentively tracking market trends and price shifts, investors can seize these opportune moments, potentially revolutionizing their investment strategies for optimal outcomes.

The HUSL (HUSL) has experienced an exceptional week in the crypto market, witnessing 362.96% surge in value. Currently priced at $0.1114, The HUSL, introduced in September 2021, facilitates a transformative connection between musicians and their fans on a global scale through the utilization of NFTs and blockchain technology. With a current trading volume of $1.19 million, The HUSL is not only making waves in the market but also reshaping the landscape of the music industry by embracing cutting-edge solutions.

Amp (AMP) stands out among the weekly crypto gainers with a 225.87% surge in just one week, bringing its current price to $0.0165. With a substantial trading volume of $708.19 million, Amp operates as an open-source, decentralized protocol, offering collateral as a service. Described as the new digital collateral token, Amp provides instant and verifiable assurances for various forms of value transfer, positioning itself as a key player in the evolving crypto ecosystem.

Lithium (LITH) has also demonstrated a notable increase of 140.41% in the past week, reaching a current price of $0.003534, accompanied by a trading volume of $5.15 million. Lithium Finance, the DeFi protocol behind LITH, is dedicated to building collective intelligence for pricing the unpriced. As an emerging player in the decentralized finance space, Lithium Finance aims to contribute to the evolution of financial technologies and protocols.

Rally (RLY) has exhibited a strong performance in the crypto market, recording a 98.13% increase in the past week and currently priced at $0.02262. With a trading volume of $36.15 million, Rally operates on its native ERC-20 token, RLY, which powers the multi-chain RLY Network. The network allows users to obtain RLY on different blockchains through official bridges and canonical swaps maintained by the RLY Network Association.

Rainmaker Games (RAIN) has made a significant impact, surging by 98.86% in the past week and reaching a current price of $0.002583. With a trading volume of $2.64 million, Rainmaker Games serves as a free global platform connecting gamers, games, and creators worldwide. Offering a unique gaming experience, Rainmaker Games acts as a portal to the gaming world, fostering connections and interactions like never before.

Top Weekly Losers

In the dynamic world of cryptocurrencies, a weekly narrative highlights both successes and challenges. Facing regulatory shifts, market fluctuations, and media scrutiny, individuals in the space are at a crucial juncture. Despite setbacks, this moment provides traders and investors with a vital opportunity to analyze and adjust their strategies. This week, notable downturns were observed in various tokens across the cryptocurrency market.

Multichain (MULTI) has faced a challenging week in the crypto market, witnessing a significant 35.05% decrease in value, currently priced at $0.5541 with a trading volume of $1.34 million. Formerly known as Anyswap, Multichain positions itself as the ultimate router for web3, designed to facilitate arbitrary cross-chain interactions.

UniBot (UNIBOT) stands as another notable weekly loser, experiencing a 32.60% decline in value, bringing its current price to $43.86 with a trading volume of $67.36 million. UniBot is recognized as the fastest Telegram Uniswap sniper, providing users with lightning-fast swaps and snipers at the cost of a 1% transaction fee.

OmniCat (OMNI) has witnessed a 31.11% decline in value over the past week, reaching a current price of $0.0007354, accompanied by a trading volume of $4.59 million. As the first omnichain meme coin, OmniCat operates across seven different ecosystems and leverages LayerZero technology for native movement across various chains.

DeFrogs (DEFROGS) has plunged by 31.43% in the past week, with the current price at $725.10 and a trading volume of $1.01 million. This collection of 10,000 DeFrogs is enabled by an adjusted version of ERC404, an experimental token standard designed to facilitate persistent liquidity and semi-fungibility for Ethereum NFTs.

Hippocrat (HPO) has experienced a 20.52% fall in the past week, with the current price at $0.08072 and a trading volume of $8.41 million. Operating on the Ethereum platform, Hippocrat prioritizes patient-centric values with transparency and fairness, utilizing a decentralized DAO for decision-making that aligns with mutual ecosystem interests.

Hot ICOs To Watch Out For

Active ICOs

SatoshiDEX, a decentralized exchange (DEX) running on the Stacks blockchain, embarked on its ICO journey on February 29, and the sale is slated to wrap up on March 31. The project, utilizing the unique Proof-of-Transfer (PoX) consensus to connect with Bitcoin, aims to revolutionize decentralized trading. Despite its fundraising goal of $2,200,000, SatoshiDEX has secured $1,850,000 in contributions.

Oxya Origin, a standout in the gaming sector, initiated its ICO on March 4 with a closing date set for March 17. Focused on creating a powerful gaming ecosystem, Oxya Origin prioritizes engaging gameplay, immersive graphics, and a sustainable, player-owned economy. The ICO has already garnered significant support, with $1,980,000 raised towards its $2,310,000 fundraising goal.

EZswap Protocol, positioned as the first platform empowering gamers to seamlessly trade their in-game assets through an innovative in-game LP system, commenced its ICO on March 8, slated to conclude on March 13. With a fundraising goal of $1,150,000, the project has secured $1,000,000 in funds raised. EZswap Protocol's focus on facilitating asset trading within the gaming community is resonating well with backers, underscoring the demand for solutions that enhance the gaming experience through blockchain technology.

Upcoming ICOs

Ordify is poised to launch its ICO on March 18, with the closing date yet to be announced. The project seeks to raise $3,080,000 and stands out with its suite of carefully tailored products designed to enhance the investment experience across various blockchain networks. Ordify's comprehensive offering includes a launchpad, bridge, wallet, and potential future additions to the suite, reflecting a commitment to providing a holistic solution for users navigating the complexities of the cryptocurrency landscape.

Dappad, initiating its ICO on March 18 and concluding on March 21 with a fundraising goal of $2,720,000, introduces the Dappad Launchpad. This crucial element serves as a connective link bridging the gap between Layer 2 projects and early investors. Noteworthy is the launchpad's versatile multichain capability, positioning Dappad as an appealing option for those seeking diverse investment opportunities within the blockchain ecosystem.

Scheduled to kick off its sale on March 19 and conclude on March 24 with a fundraising goal of $2,720,000, Overlay brings an innovative protocol to the upcoming ICO scene. Overlay focuses on providing users with the ability to trade scalar, non-manipulable, and unpredictable data streams. This distinctive approach underscores Overlay's commitment to delivering a secure and efficient platform for users to engage with and trade unique data streams, addressing the evolving needs of the blockchain community.

Ended ICOs

StarHeroes recently completed its ICO, which ran from February 28 to March 09, raising $1,790,000 and meeting its fundraising goal. This gaming project offers a cutting-edge experience by combining competitive dynamic gameplay with an innovative in-game economy. In both web3 and web2 modes, players engage in fast-paced PvP galactic battles, where strategy and skill converge to create an addictive space battle experience.

BRCStarter, a dedicated launchpad for BRC-20 projects, concluded its sale from March 06 to March 08, achieving its fundraising goal by raising $1,020,000. This pioneering platform aims to advance the adoption of BRC-20 tokens within the crypto sector, emphasizing the market's interest and support for initiatives focused on specific blockchain standards.

Masa, the World's Largest Decentralized Personal Data Network, wrapped up its one-day ICO on March 07, raising $17,690,000 and meeting its fundraising goal. Masa's mission is to shift the power of data back to users, addressing concerns about data ownership and privacy within the decentralized space.

Hottest Airdrops

Bluefin

• Chat with the Ouinex Telegram bot.

• Join their Telegram group.

• Follow and retweet Ouinex on Twitter.

• Connect with them on Facebook, and optionally join LinkedIn for +10 OUIX.

• Submit your details, including your ERC-20 wallet address.

• Receive 40 OUIX tokens.

• Earn 5 additional OUIX for each successful referral.

• Await the token listing and distribution on the Ouinex exchange.

Wen Exchange

• Visit Wen Exchange airdrop page.

• Connect your Ethereum wallet.

• Follow on Twitter, join Discord for 400 WEN.

• Bonus tokens for bridging to Blast or depositing to Blur.

• Share airdrop tweet for a 50% boost.

• Earn 15% WEN from referrals.

• Claim tokens after mainnet launch.

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!