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Weekly Crypto Update: Leading Gainers, Notable Declines, and New ICO Launches
Crypto Recorder is a bi-weekly email newsletter Powered by StocksTelegraph.com
Dear Readers,
On Tuesday, leading cryptocurrencies experienced modest gains with investors showing more of the interest. Bitcoin (BTC) rose by more than 2.301% over the last 24 hours, now priced at $65,376. In contrast, Ethereum (ETH) saw an uptick of 2.88%, trading at $2,601. Other altcoins also made gains, with SOL rising by 2.37%, XRP by 1.56%, DOGE by 4.02%, and Shiba Inu by 2.60%. Overall, the global crypto market capitalization increased by 2.05%, reaching $2.27 trillion today.
Highlights Of The Week
Donald Trump-backed crypto project, World Liberty Financial, claims over 100,000 signups ahead of its public token launch on Oct. 15.
U.S. Bitcoin ETFs experience the largest inflow in four months, with $555.9 million net inflows on Oct. 14.
Monochrome Asset Management launches Australia's first Ether-backed ETF, managing $176,600 in assets.
U.S. presidential candidate Kamala Harris, while more crypto-friendly than President Biden, holds mixed views on crypto issues, including taxes and Bitcoin mining, according to Galaxy Research.
The Central Bank of the UAE grants in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework.
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Top Weekly Gainers
In the rapidly changing landscape of cryptocurrency, where market fluctuations are constant, skilled traders excel by identifying the Top Weekly Gainers that present significant financial potential. By remaining vigilant and actively tracking market trends and price movements, investors can seize these opportunities and enhance their investment strategies for improved outcomes.
ALL BEST ICO (ALLBI) has surged dramatically by 24063.20%, reaching a price of $0.05619 and a volume of $1.17M. ALLBI offers clients an all-in-one platform to create their cryptocurrency projects, providing services like website development, advertising, and administration, all facilitated by ALLBI tokens.
Skibidi Toilet (SKBDI), priced at $0.5037 with a 135.07% increase, is a Solana-based memecoin inspired by the viral "Skibidi Toilet" trend. Combining humor with blockchain technology, Skibidi seeks to engage its community through a fun and meme-centric ecosystem, with a current volume of $5.12M.
Baby Doge Coin (BabyDoge) is currently priced at $0.083121, reflecting a 43.90% rise. As the leading community meme coin on the BNB chain, BabyDoge initially started as a playful project aimed at raising awareness for animal adoption. Its popularity skyrocketed when Elon Musk tweeted about it, turning it into an adorable cultural icon.
Reef (REEF), which is currently valued at $0.006574, has rebounded with a 21.63% increase. Its recent growth is attributed to a series of development improvements, including the launch of a community developer fund to support ecosystem development, with a trading volume of $131.13M.
LimeWire (LMWR), priced at $0.1789 with an 18.93% increase, is making a comeback as a prominent AI Studio for content creation in music, image, and video. Originally a well-known file-sharing platform in the early 2000s, the rebranded LimeWire is now a social platform for artists, creators, and musicians, with a current volume of $4.67M.
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Top Weekly Losers
The dynamic cryptocurrency landscape presents a blend of gains and losses each week. The Top Weekly Losers highlight the ongoing challenges posed by regulatory changes, market volatility, and media attention. Despite these hurdles, this week offers a valuable opportunity for traders and investors to reevaluate their strategies and aim for improved results.
Littlemanyu (MANYU) is currently priced at $0.01122, reflecting a significant 64.04% decline, with a trading volume of $10.48 million. This memecoin pays tribute to the popular black SHIBA INU from TikTok, which boasts over 20 million followers worldwide. Manyu, a beloved dog in the community, captivates audiences with videos showcasing spa care, massages, and the royal treatment he receives from his owner.
Similarly, Galaxis (GALAXIS), priced at $0.001105 with a 36.95% drop and a volume of $1.77 million, offers a no-code Web3 platform that empowers creators and communities to gain ownership, providing a versatile framework for building and managing communities free from the constraints of traditional platforms.
On another front, PepeCoin (PEPECOIN) is priced at $2.09, down 32.47% with a trading volume of $3.83 million. The coin is poised for a transformative phase with the introduction of a deflationary burn event aimed at reducing its supply, thereby creating a potential supply shock and increasing its rarity.
In the meme coin arena, Moo Deng (MOODENG) is trading at $0.1153 with a 22.17% decrease and a volume of $81.52 million.
Lastly,MAGA Coin (MAGA), currently priced at $0.0001586 and experiencing an 18.91% decline with a volume of $15.18 million, combines humor and cryptocurrency in a unique offering, designed to bring joy to its users while revolutionizing the blockchain landscape.
Central banks are buying gold at record levels—the fastest pace in over 55 years. With inflation climbing and the Fed cutting rates, gold is set to skyrocket. Goldman Sachs predicts continued bullish momentum, while JP Morgan has dubbed this a "golden era for gold."
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Hot ICOs To Watch
Active ICOs
Babylon, which specializes in designing security protocols to scale Bitcoin and secure the decentralized world, kicked off its sale on October 8, 2024. The project has raised $88 million across six rounds to date, demonstrating strong investor confidence in its vision.
Cros, a next-generation Ethereum Layer 2 and AI platform, launched its SHO (Strong Holder Offering) on DAO Maker on October 14, 2024. This platform connects advertisers, developers, and over 3 billion players worldwide through in-game advertising. With a fundraising goal of $500K, the sale is set to conclude on October 21, 2024.
Zyfi, a Paymaster-as-a-Service platform aimed at enhancing flexibility and integration within the zkSync ecosystem, started its public community round on October 8, 2024. With a target of $2.2 million, the sale will run until October 29, 2024, offering an innovative solution to accelerate the adoption of paymasters in the decentralized space.
Upcoming ICOs
Rebel Bots Epic War, developed by Rebel Bots Studio, will commence its sale on October 17, 2024. Having already secured $2.1 million in three fundraising rounds, Rebel Bots aims to revolutionize gaming by leveraging Web3 technology to deliver an enhanced and immersive gaming experience.
Moonveil Studio, known for its team of gaming industry veterans, is also launching its sale on October 22, 2024. With $9 million raised across two rounds, Moonveil's innovative approach promises to capture the attention of both gamers and investors alike.
Finally, K4 Rally, a unique blockchain-based rally racing game, will hold its sale from October 23-24, 2024, with a fundraising goal of $250,000. K4 Rally offers an exciting blend of real-world rally racing and the Play&Earn model, pushing the boundaries of what blockchain gaming can achieve.
Ended ICOs
Scroll concluded its latest fundraising round on October 11, 2024, raising $83 million across five rounds. The project focuses on developing an Ethereum Virtual Machine (EVM)-compatible zk-Rollup, supported by a robust proving network.
Similarly, Kima closed its fundraising on October 10, 2024, having raised $6 million through six rounds. Kima's unique protocol enables secure, seamless money transfers across both traditional financial (TradFi) and decentralized finance (DeFi) ecosystems, without the need for smart contracts.
On the same date, Omnia finalized its fundraising, securing $3.5 million in six rounds. Omnia offers decentralized infrastructure that ensures untraceable access to blockchain technology.
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Hottest Airdrops
NebulaStride
Begin by visiting the official NebulaStride airdrop page.
Link your EVM-compatible wallet to participate in the event.
Engage in various tasks, such as following NebulaStride on social media; Minting an NFT pass; and Claiming Lootboxes.
You are entitled to open two free Lootboxes daily. Rewards from these Lootboxes include NFTs, tokens, custom avatars, and more.
Ensure to check in daily to earn GM streaks. These streaks contribute to your daily activity and boost your NST airdrop allocation.
Earn 500 NST for every friend you invite. Get an additional 150 NST for each person your friend invites. You will also receive 10% of your referrals' spending.
NebulaStride is planning to introduce new features and improvements during this phase of the airdrop.
NST tokens will be distributed on any EVM-supported networks, including Ethereum (ETH), Binance Smart Chain (BNB), Optimism (OP), Arbitrum (ARB), Polygon (POL), and Avalanche (AVAX).
WalletConnect
Begin by visiting the WalletConnect airdrop registration portal.
Link your mobile wallet or connect using the WalletConnect QR code.
Click on "Register Here" to initiate your profile setup, then connect your Ethereum wallet address.
Enhance your profile by adding multiple wallet addresses and linking any GitHub accounts you may have.
Enter your email address as part of the registration process.
Eligibility for the airdrop will be assessed based on your previous activity and engagement with the WalletConnect network.
Adding multiple wallet connections can increase your chances of qualifying, as eligibility depends on both activity and usage.
A total of 50,000,000 WCT tokens are allocated for the season 1 airdrop.
Further details regarding the claim process will be shared in November.
For more comprehensive details, refer to the official WalletConnect airdrop document.