Weekly Crypto Snapshot: Bitcoin Resilient, ATH Coins Soar, and NFT News

Dear Readers,

The cryptocurrency market remains subdued today, although this has helped prevent additional downward pressure. Bitcoin (BTC) is holding steady around the $59,000 mark, while Ethereum (ETH), Solana (SOL), and XRP have fluctuated between gains and losses. The global crypto market cap experienced a marginal increase of 0.05%, reaching $2.09 trillion. As of this update, Bitcoin’s price stands at $59,651, reflecting a slight decline of approximately 0.43% over the past 24 hours.

Highlights Of The Week

• Cryptocurrency hackers have now stolen over $1.2 billion in 2024, with $1.21 billion lost year-to-date due to hacks and rug pulls.

• Digital asset management firm Parafi Capital has raised $120 million from investors, signaling robust growth in crypto funds.

• Indonesia is considering a ban on Telegram due to concerns over its moderation of illegal content, as reported by Jakarta Globe.

• Crypto.com has launched new global retail services in partnership with Standard Chartered Bank, offering USD, euro, and AED options.

• BlackRock has listed its Ethereum ETF on Brazil’s stock exchange B3, allowing trading under the ticker ETHA39.

Crypto Fear & Greed Index

Crypto Fear & Greed Index, the current value is 29, indicating a state of fear, down from yesterday's reading of 30, which also signaled fear. This slight shift in sentiment comes as market participants anticipate the upcoming release of the U.S. Personal Consumption Expenditures (PCE) data on Friday. The impending data release is contributing to a heightened sense of intrigue and uncertainty in the crypto market.

ATH Coins

Hitting an all-time high (ATH) reflects a cryptocurrency's elite status and increasing demand. Nevertheless, market volatility is a critical aspect to consider. Conducting in-depth research is essential before investing in ATH coins. Here are some of the latest top-performing cryptocurrencies that have reached ATH milestones.

The ATH (All-Time High) for APES (APES) was recorded at $0.02963 today. Currently, the token is trading at $0.02928 with a trading volume of $6.37 million. APES is a decentralized token designed to advance the future of Web3 culture. As a community-driven initiative, it supports a variety of creative fields including art, gaming, entertainment, and events, reflecting its commitment to fostering innovation across multiple sectors.

Verum Coin (VERUM) reached its ATH of $533.42 today. At present, it is valued at $525.94, with a trading volume of $925,488. Verum Coin is designed to enhance security, facilitate faster transactions, and improve storage efficiency for peer-to-peer transactions, offering a robust solution for users seeking reliable and efficient cryptocurrency options.

UbitEx (UB) reached an ATH of $1.57 today. The current price stands at $1.56, with a trading volume of $2.46 million. UbitEx Exchange is recognized for its innovation and efficiency in the fast-paced cryptocurrency trading landscape. Established by experienced market makers and crypto experts, UbitEx is tailored to meet the evolving demands of global traders, making it a prominent player in the exchange market.

Eurite (EURI) achieved its ATH of $1.11 yesterday and is currently trading at the same price of $1.11, with a trading volume of $9.04 million. Binance has recently announced its intention to list Eurite (EURI), a notable step as it is one of the first Markets in Crypto-Assets Regulation (MiCA) regulated Euro stablecoins to be featured on the platform, enhancing its accessibility and regulatory compliance.

The ATH for MetaDAO (META) was $2,939.48, reached yesterday. It is now priced at $2,618.44, with a trading volume of $1.66 million. Recently, MakerDAO underwent a rebranding to Sky as part of its "Endgame" overhaul. This strategic shift aims to make decentralized finance (DeFi) more accessible to a broader audience, reflecting the protocol’s commitment to innovation and user engagement.

Top Movers (24H)

Increasing recognition of the cryptocurrency market as a viable investment platform has led former skeptics to embrace it with enthusiasm, diversifying their portfolios with various digital assets. Seasoned crypto investors are also solidifying their positions, contributing to significant price rises in multiple cryptocurrencies over the past day. Let's look at some well-known cryptocurrencies that have recently seen notable price jumps.

In the past 24 hours, Crypto-AI-Robo.com (CAIR) has experienced a dramatic surge, with its price skyrocketing by an impressive 816.60% to reach $0.3281. This surge in value is supported by a trading volume of $2.33 million. CAIR TOKEN is at the forefront of revolutionizing content creation, blending AI, Blockchain, and Robotics to transform how content is produced and distributed in the digital age, much like how the Internet has transformed content distribution itself.

Meanwhile, PepeFork (PORK) has seen a notable rise of 42.93% over the past day, pushing its price to $0.061393. With a trading volume of $3.06 million, PepeFork capitalizes on the meme culture phenomenon, particularly drawing inspiration from the popular internet meme, Pepe the Frog. This cryptocurrency merges the playful and humorous elements of meme culture with the financial potential offered by blockchain technology.

Tranchess (CHESS) has also made significant gains, with its price climbing 34.22% in the last 24 hours to $0.2173. The trading volume for Tranchess has reached $33.14 million. Founded in 2020 by Danny Chong and his team, Tranchess Protocol benefits from the expertise of professionals from leading tech companies like Google, Facebook, and Microsoft, as well as prominent investment banks including Morgan Stanley, UBS, and BNP Paribas.

Fellaz (FLZ) has grown by 28.97% over the past day, with its price now standing at $3.29. The trading volume for Fellaz is $12.20 million. Fellaz operates as a multi-chain Web3 entertainment ecosystem, offering a metaverse content production and distribution studio, an NFT solution, and a decentralized fandom community.

Lastly, tomi (TOMI) has jumped 20.67% in the last 24 hours, increasing its price to $0.0481. With a trading volume of $22.03 million, tomi provides a decentralized Web3 ecosystem that emphasizes true ownership, robust privacy, and innovative DePIN technology, making it a notable player in the evolving landscape of decentralized technologies.

Non-Fungible Tokens – Developments

• Donald Trump's latest NFT collection, featuring 360,000 digital trading cards, has generated over $2 million in sales with less than 21,000 sold.

• Aptos is set to collaborate with NFT marketplace Rarible as the blockchain network experiences a surge in daily transactions.

• Devin Finzer, CEO of OpenSea, announced via social media that he received a Wells notice from the SEC.

NFTs To Watch (24H)

Milady Maker, a collection of 10,000 generative pfpNFTs inspired by street style tribes, is currently the top-trending NFT with a 98% increase in volume to 94.08 ETH over the past 24 hours. Its floor price is 3.8 ETH, and it has recorded 26 sales in the same period.

Jirasan, a collection of 10,000 NFTs offering premier membership access to the PG Group and Redacted ecosystem, has experienced a 59% increase in volume to 53.64 ETH. Its floor price is 0.425 ETH, and it has recorded 112 sales in the past 24 hours.

Redacted Remilio Babies, a collection of 10,000 neochibi pfpNFTs expanding the Milady Maker paradigm with the introduction of young J.I.T. energy and schizophrenic reactionary aesthetics,  has seen a 116% increase in volume to 24.52 ETH. Its floor price is 1.049 ETH, and it has recorded 22 sales in the past 24 hours.

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

Best Regards,
Crypto Recorder Team

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