STOCKS TELEGRAPH

Category: Crypto News

  • Crypto Market Weekly Highlights

    Crypto Market Weekly Highlights

    The crypto market is still struggling to gain stable footing, after suffering its worst week of the year, owing to the FTX crash. Bitcoin, in only the last 10 days has shed more than a fifth of its price and is at its lowest price point since 2020. Given present conditions, market panic and skepticism are highly palpable. Analysts and traders alike have been questioning the fragility of the crypto market as a whole, given its sensitivity to scandals such as the FTX bankruptcy, and the LUNA crash seen earlier this year.

    Crypto-Highlights of the week

    Following the market tumble seen in the prior week, centralized exchanges are facing immense pressure as withdrawal requests continue to pile up. According to data from cryptoquant.com, as much as $3.4 billion has been pulled out from various exchanges in a single week. Given this crisis, the viability of the proof-of-reserves concept is increasingly coming into question, across the crypto spaces.

    The CEO of Binance, Changpeng Zhao announced yesterday plans to form an industry recovery fund, which will work towards gaining control over the deteriorating market impacts, as a result of plummeting capitalization. Zhao further stressed the need for transparency across the crypto industry and a proactive relationship with regulators across the world.

    In the early hours today, BTC price saw a resurgence after its dismal fall, climbing from $15,800 to over $16,700. This upward shift came immediately after bullish statements by the internet’s most popular billionaire, Elon Musk. Musk’s belief that Bitcoin will thrive despite its present challenges, has initiated a rally among crypto bulls. Dogecoin too had surged by 10% in the last 24 hours, in the wake of this optimistic outlook.

    After a government-level push towards crypto-adoption throughout the Russian Federation, the digital ruble is now seeing adoption in mobile banking applications for the convenience of users. Although this is still continuing as part of a testing phase, it signals clear progress toward the paper-less money normalization in the sanction-stricken country.

    The investment giant and Shark Tank celebrity, Kevin O’Leary has made some serious statements regarding the recent FTX fiasco, on account of his heavy stake in the exchange. He has labeled the event as being a turning point for the industry and has made the decision to push for crypto regulations in Washington, in a personal capacity.

  • Crypto-Market: Weekly Overview & Sentiment

    Crypto-Market: Weekly Overview & Sentiment

    After several weeks of stability finally attained in the cryptocurrency market, the illusion of resilience has been shattered. With, BTC and ETH both experiencing a hard plummet overnight to 2020 levels, the wider market is in utter chaos with little clarity as to how far this descent will take the crypto-market. The trigger to initiate this panic seemingly links to the highly anticipated Binance-FTX deal, which turned sour earlier this week.

    Highlights of the week

    • The FTX acquisition move by Binance, which many anticipated to be a game-changing consolidation in the crypto-market ended up a flop when Binance decided to kill the deal. The management cited financial vulnerabilities, a looming bankruptcy, as well as ongoing investigations by federal agencies, after due diligence.
    • In the panic that followed the FTX-Binance deal collapse, the prices of the top crypto names are in their worst free-fall seen in years. Bitcoin fell below $16,000, whereas Ethereum made it to a low below the $1,100 mark. The market experienced these prices back in 2020, and the market is eagerly attempting to make an upward climb back, in these conditions.
    • The EU is on track to follow through with digital currency issuances seen in some of the top emerging economies in the prior months, including both China and India. The European Central Bank president, Christine Lagarde stated that a legislative proposal will move ahead in the coming months, to create a functioning framework for a digital Euro.
    • With the US mid-term elections finally at a close, a report shows that the cryptocurrency industry had spent millions of dollars on lobbying industry-friendly political candidates. As the issue of tighter crypto regulations continues to be a hot topic in Congress, many are seeking to create room for legislative leeway. These lobby groups have been promoting an environment that could see a crypto-activity surge in a sustainable manner.
    • Despite all of Elon Musk’s controversies since taking over Twitter, Dogecoin, which is increasingly assuming the role of a proxy for sentiment around the billionaire, continues to take on a soaring climb. One reason behind this market hype links to anticipations of dogecoin integration into the Twitter ecosystem, after several hints by Elon Musk himself.

    Crypto fear & greed index

    Following its improvement in the prior weeks, sentiment surrounding the wider crypto-sphere has also seen an excruciating plummet. The crypto fear & greed index slipped from 30 to 22, in a single day, indicating a downgrade from ‘fear’ back to ‘extreme fear’ once again. The reversal in market perception comes as Binance pulled out of its FTX acquisition deal, sending shockwaves across the market.

    Bitcoin, Ethereum, and some of the top stablecoins dropped to multi-year lows overnight, which seemingly compounded the market fear in a domino effect. Traders were already on edge with regard to the market, following recent interest rate hikes. Recent developments, however, have caused serious concern about the safety and sustainability of crypto exchanges, along with the market in general.

  • Crypto Winners This Week

    Crypto Winners This Week

    Despite the market-shattering news, we scan for the pockets of optimism still existing across the crypto market, where resilient bulls continue to push up the prices of the cryptocurrencies they believe in. A number of coins had been caught up in this persistent rally and had successfully made it to new highs not surpassed before. These cryptocurrencies are as follows:

    ATH coins

    Crypteriumcoin

    Crypto Volatility Token (CVOL) took off spectacularly in recent days, more than doubling its price from below $60 to almost $128. This denoted an all-time high for the token, since being in circulation from late February, this year. The rise amounts to CVOL being a safeguard crypto-asset, as it is pegged to the volatility of both Bitcoin and Ethereum, hence the bullish rally towards it.

    Crypteriumcoin 

    Crypteriumcoin (CCOIN) has also been a top performer in these tumultuous times, despite being in the market for a little over a week. Its trajectory has been upward without a drop, and it has constantly been raising its bar with each coming day. At present, it made it to $0.0334, a record high, which it is set to continue to surpass, in the coming hours and days, until the market settles on an adequate fair value for it.

    AllStars Digital

    AllStars Digital (ASX) has been seeing an epic price rally in recent days, that has pushed its price up from $0.069 to an all-time high of $0.099, in less than a week. The interest around ASX comes after it received its verification status from Coin Market Cap, during the start of the month, and has resulted in a volume surge. Many expect the take-off to continue by a considerable degree and reach new heights in the coming days.

    Mafia World Cup 

    Mafia World Cup (MWC), the recently launched cryptocurrency has been booming ever since being introduced to the wider crypto-market. It has taken on a phenomenal climb today, and almost quadrupled its price from $0.0069 to $0.0282. MWC is essentially a betting token, and one that is pushed by the risk-averse folk in the market, hence its take-off in these market conditions.

    Petals 

    Petals (PTS) has been in full-throttle this past week, climbing from $0.00119 to phenomenal highs, and ultimately hitting a peak price of $0.00362, earlier today. Since July, PTS has constantly been climbing to high peaks and seeing immediate price corrections. This latest mark for the cryptocurrency is the highest its ever it reached, and has impressively maintained these gains.

    Top Movers (24H)

    With all the fear surrounding the market, and many saying that a short-term collapse is underway, most cryptocurrencies have been having a rough shakeout in the last few days. Even the crypto-stars themselves, BTC and ETH had not been immune from these disruptions. However, sifting through the wide sea of losers, certain cryptocurrencies emerge as delivering substantial gains, in the last 24 hours. These crypto-names, as supported by their persistent backers, at the time of this Stocks Telegraph issue, are as follows:

    Counos X

    Counos X (CCXX) was the most significant of the day’s winners, which saw a price surge from $36 to over $170, translating to a daily gain of 372%. With a trading volume of nearly $3 million, CCXX seems to be a favorite among bulls, and has been rising phenomenally from the $18 mark, throughout the week. The cryptocurrency has remained stable at that starting point since May 2022, until its recent take-off, which has surprisingly picked up speed after the BTC & ETH crashes.

    Peanut

    Peanut (NUX) saw a spectacular price take-off today, pushing its price up from $0.0115 to $0.0413. This 220% climb amounts to Peanut’s largest single-day rise in 2022, with a volume figure that is constantly shooting up by the hour. The rally seemingly links to the business partnership announcement between Peanut and SolidProof.io, which many are taking highly positively.

    Cryptofi

    Cryptofi (CFI) is a project that saw its token launch in the market in the last three days, and remained mostly stable, until a price shoot-up earlier today. Since then, CFI has more than doubled its price from $0.00015 to $0.00031. At one point during the day, it had peaked at the $0.00055 mark, which was a short-lived all-time high, seeing an immediate price correction. This new NFT game project continues to gather a fan following and a price rally, that is impressive to watch unfold.

    Mask Network

    Mask Network (MASK) is one of the most prominent names on today’s list of top crypto movers, not due to the magnitude of its gains, but rather as a result of its trade volume of over $470 million. This crypto-asset, amid such heavy volume, has climbed from $2.42 to $3.34, translating to a single-day climb of almost 40%. The project has been in the public’s eye since its announcement this week of launching a social media platform, named Firefly.

    Marinade

    Marinade (MNDE) saw an epic climb today from $0.08 to an impressive $0.24, which bought its crypto-holders an appreciation of 300%. Despite the volume of $6.42 million seen today, this gain could not sustain and had fallen to 113%, as MNDE dropped to $0.17. Since the project relates to the staking of SOL, and getting liquid mSOL, it is no surprise that Marinade has been climbing against the wider crash.

  • NFT Weekly Updates

    NFT Weekly Updates

    Along with cryptocurrencies, the NFT markets are also feeling the forceful shocks coming from the FTX deal going sour with Binance. FTX’s own NFT and gaming projects have been plummeting hard owing to liquidity strains, raising concerns about the sustainability of these projects. The contagion, however, is evidently making it to other prominent NFTs, as a result of Solana tanking. As a result, there is a prevailing sense of fear and uncertainty towards the NFT market in general.

    In a major milestone update, the top NFT market platform, OpenSea, has made the decision to enforce creator royalty fees, effective immediately. The move comes after it faced severe pressure from NFT market participants on its platform, including top creators such as Yuga Labs. This onslaught of backlash had come when OpenSea shared its intentions of planning to make these royalties optional, which understandably saw resistance from both creators and collectors alike.

    The British government, earlier this week, officially launched an investigation into the various risks that are inherent to NFT markets. The move is stated to be a precursor to the development of an enhanced regulatory framework that could be implemented within the UK, whilst protecting the financial interests of its citizens. Since the area of focus is NFTs, rather than blockchain and cryptocurrencies in general, the initiative is being led by the country’s department overseeing media, culture, and sport.

    NFTs to Watch

    Moonbirds NFT

    Moonbird NFTs are the talk of the town, given their rising popularity, and their function as utility-enabled profile pictures. The collection features 10,000 owl-themed characters that are diverse, and highly distinct from one another. Their attraction comes from their unique pool of rare power traits.

    Holding a Moonbird NFT gives the user exclusive access to the project’s private club and Discord platforms. Holding or ‘nesting’ these birds would allow further benefits to accrue over time, allowing the characters to upgrade, and become more valuable. Nesting over time also facilitates enhanced drops and ecosystem-specific rewards.

    Chromie Squiggle NFT

    The Chromie Squiggle NFT collection is one that targets digital art enthusiasts in particular. It features exciting art forms that are contemporary as well as generative, resulting in dynamically appealing pieces. Through the use of blockchain technology, these unique art experiences are substantially enhanced, under the Art Blocks project umbrella.

    Squiggles in particular are the brainchild of Erick Calderon and are cursive lines or ‘squiggles’ which function as scripts for a smart contract. They are thus personal signatures of the creator which manifest the core of Art Blocks

     

    Keep up with our latest issues on Stocks Telegraph for similar exciting stories and opportunities.

  • Crypto Winners and Losers of the Week

    Crypto Winners and Losers of the Week

    Owing to the newfound macroeconomic stability that is beginning to make the rounds in the markets, stocks are not the only class of securities that have been on a rise. Crypto assets too have taken off considerably, especially in the last week. The most significant among these winners are as follows:

    Top Weekly Gainers

    DeFi Forge

    DeFi Forge (FORGE) was launched into the crypto market last week following a successful ICO. The market evidently was evidently impressed by the project, resulting in an upward price rally taking FORGE up from $0.036 to $0.395, in a matter of days. Following this high peak, which translated to almost 1000%, the cryptocurrency began a corrective descent in its volatile trajectory. At present, FORGE stands at $0.215, making its net gains for the week a remarkable 464%.

    Janus Network

    Another top performer this week was Janus Network (JNS), which took on a climb on Friday, and exploded in price by Saturday. The cryptocurrency started off the week at a price of $0.045, and after its massive upward surge, stood at the $0.46 mark by Sunday. Interest in JNS is reflected in its trade volume figures, which jumped from $12,000 to almost $900,000 in a matter of days. This came about following a series of back-to-back project updates, which have instilled confidence among supporters of the Janus Network. By the end of the week, JNS gains translate to a whopping 760% rise.

    8PAY

    In a somewhat anticlimactic weekly price curve, 8PAY also comes in as a winner of the week, after managing to almost quadruple its price from $0.0072 to $0.0281. This translates to a strong weekly gain of 294%. However, on Saturday, the cryptocurrency peaked at a high point of $0.0689, when its volume climbed beyond the $2 million mark. At that point, the gains were an incredible 855%. Despite the subsequent correction, 8PAY holders have won big this week.

    Square Token

    Square Token (SQUA) has entered its second week of a momentous climb, following widespread favor among crypto holders in the Latin American world. The last week saw a sustained climb that took SQUA up from $40.30 to $109.62, translating to a 172% rise. Volume on SQUA presently holds at over $17 million, suggesting its climb is far from over.

    MASQ

    After a slow rise from $0.064, MASQ saw a price surge on Sunday, which was the beta test day for the project, resulting in a peak price of $0.278. During this peak point, MASQ had risen by over 333%, which led to further hype from crypto-market participants. At one point, trade volume exceeded $5 million. In the following days, however, the bears got the better of MASQ’s movement, bringing in a decline in price, and putting its net weekly gains at 206%.

    Top Weekly Losers

    Where some crypto names in the market rose by considerable degrees during the week, others have seen sharp movements in the other direction. Several cryptocurrencies had taken on a large fall, bringing significant losses to their holders. At the time of writing this Stocks Telegraph article, the following names are the top losers of the week:

    Solana

    Solana (SOL), after an uncertain week, began a hard plunge today, as its trade volume reached a six-month high at $3.4 billion. There was an evident battle between the bears and the bulls, with regard to Solana, with the bears eventually gaining the ground, resulting in a dip from $38 to $25, and translating to a 35% fall. The negative sentiment surged after reports suggesting Alameda Research holding liabilities worth $8 billion, and poor liquidity.

    FTX Token

    FTX token has been undertaking a steady downward slip this week, and then went on a free-falling price plummet as its trade volume made it from $100 million to over $1 billion. Over the course of the week, FTX fell from a high of $26.33 to a low of $15.33, indicating a price drop of 42%. This widespread pessimism seems to trace back to the potential Alameda contagion, whose balance sheet holds large volumes of both SOL and FTX. The market expects heavy selling to take place imminently, hence the mass sell-offs.

    Art Gobblers Goo

    Art Gobblers Goo (GOO) has been falling big time throughout the week. As the NFT by the creators of the TV show, Rick and Morty, GOO made the news last week, after a highly successful launch. However, as controversy regarding ‘allow list’ mechanisms and procedures surfaced, the market has been losing confidence fast. In just seven days, GOO dropped from a high of $1518 to less than $18. The price loss on GOO, in the crypto-market presently stands at almost 99%.

    Optimus OPT3

    Optimus OPT3 (OPT3) also made it on this week’s list of top losers, given its hard descent from $1.61 to $0.32. The cryptocurrency’s loss over the week amounts to a stinging 80%. Volume in the last 24 hours has jumped 56% to over $12 million. Sentiment across social media toward OPT3 remains highly negative, with many questioning its utility.

    Amateras

    Amateras (AMT) has seen a bumpy ride this week, with constant gear shifts in both directions. AMT started off the week at $0.0089, and after the sudden booms and busts is now down to $0.0035, translating to a 61% drop. Its volume has been largely stable above $1.5 million throughout the week. Based on its irregular price curve seen in the week, many are suggesting that AMT has all the markings of an attempted rug-pulling.

  • Hottest ICO and Airdrop Opportunities Available

    Hottest ICO and Airdrop Opportunities Available

    Active ICOs

    ECO

    The ICO for ECO (ECOX) is making quite a disruption in the market and is expected to come to a close later today. The token sale has reeled in a staggering $35 million sum for the project.

    As a service, ECO is a compelling concept that seeks to cut away the clutter and complexity that typically defines blockchain solutions. ECO is a highly simplified, and user-friendly service, which displays a single balance figure. ECO offers double the yield of that of a conventional checking account.

    Crypto Pirates

    Crypto Pirates (PST) is a captivating P2E NFT game featuring space pirates. Players that hold the relevant NFTs will be granted access to this captivating world and will hold the opportunity to begin the pirate’s journey of glory and riches. The game has been gaining an interesting fan following, given the rich concept it offers. There is much appeal to exploring the deep space, and collecting valuables, as well as battling it out with competing pirate ships to win big.

    The ICO has pulled in $340,000 of its initial $520,000 target, with an additional two days to go.

    Hashflow

    Another ICO that is on everyone’s mind right now is the governance token, Hashflow (HFT). This blockchain protocol allows its holders to earn passive income in a capital-efficient manner, and with a pricing strategy of their choice. The most compelling point of appeal with HFT is its zero-fee trading system. Hashflow uses Bitcoin algorithms to make transactions MEV-resistant and protects against sandwich attacks and frontrunning. Even though this token sale will stretch till December, a staggering $28.2 million has already been raised.

    Upcoming ICOs

    GoatFi

    GoatFi (GFI) is the next big crypto concept, which aims to become a favorite among football fans. At its core, GFI is a card trading game, but at a deeper level, it offers so much more. It combines NFTs with P2E gaming, as well as SocialFi. The most exciting aspect of GoatFi is that real-life player performance, in the world cup, will influence NFT collection points.

    The ICO is set to start in the coming weekend and has already received $1.26 million in funding, and its $750,000 target has been raised to over $2 million.

    VJRAM

    The VJRAM metaverse platform is another highly anticipated ICO, which will begin by next week. It has already reeled in a sum of $2.75 million against its $3.75 million target, with the hype around it expected to surge as the token sale launches.

    VJRAM is designed to be an ultra-immersive and social experience for both players and spectators. The world is accessible by VR devices, with VJRAM being the in-game cryptocurrency of use. Project developers aim to list the VJRAM coin on global crypto exchanges after its launch, to boost its meta-economy.

    LasMeta

    The LasMeta (LASM) ICO is another one to keep on your radar, as its proving to be quite promising, based on the chatter surrounding the project. Having raised $680,000 of its $2.52 million target, LASM is aiming for success on its token sale initiation on the 16th of November.

    LASM is a P2E poker game, set in a metaverse platform. The project is built on the Ethereum blockchain and is entirely community-driven. It seeks to maximize the fun of a traditional poker experience through immersive virtual reality.

    Ended ICOs

    Quoll Finance

    After meeting its full fundraising target of $500,000, the Quoll Finance (QUO) ICO had come to a close last week.

    QUO holders can take advantage of a premium and stabilized yield that is capable of producing long-term alpha. The veToken concept, which has a successful track record of governance on both Ethereum and Avalanche, serves as the foundation for this blockchain service’s operation and offers a superior value proposition and token distribution.

    Bictory Finance

    The Bictory Finance (BT) ICO was another that ended on a spectacular note yesterday and raised an incredible $12.02 million sum against a $150,000 goal.

    The BT project is essentially an inclusive token acting as a cross-chain ecosystem. Within the wider ecosystem, BT intends to serve as a one-stop shop token that can be used for all of the holder’s needs. The user-centric focus of the token and the cutting-edge web3 technologies provided in an open ecosystem truly elevate Bictory to a favorite among enthusiasts. This explains the astronomical success of its token sale.

    Hottest Airdrops

    Houndrace Airdrop

    1. Go to the Houndrace contest page.
    2. Enter your information to register.
    3. Now finish quick tasks and gain entries.
    4. To attain eligibility for this giveaway, make sure to collect at least 120 entries.
    5. Join daily for new challenges and more entries.
    6. There will be a total of 38 contestants chosen, and the first-place winner will get 5 Houndrace NFTs and 90 USDT, the second-place winner will receive 4 Houndrace NFTs and 50 USDT, and the third-place winner will receive 3 Houndrace NFTs and 30 USDT. Users in positions 4 through 9 will receive two Houndrace NFTs and ten USDT apiece, while users in positions 10 through 38 will receive one Houndrace NFT and ten USDT each.

    Huobi Global Airdrop

    1. Make an account for Huobi through its official website.
    2. Complete the KYC verification process.
    3. All entrants trading NEW spot pairs during the course of the event will have the opportunity to share between 21.5 million NEW tokens. The prize pool will be directly proportional to the trading volumes in the spot volume.
    4. For an additional winning opportunity with Huobi Global, check out the event page.
    5. Those meeting the trade criteria standards could win a chance to share the $1 million prize pool.

    FTX Airdrop

    1. Register on the official FTX homepage.
    2. Through this referral link, you can save up to 5% in transaction fee
    3. Ensure that your account is verified according to KYC level two.
    4. Tap on the gift button on the official website or app, and enter the promotional code, “FTXF1AD”. This will allow you to claim an exclusive NFT.
    5. The previous step will automatically place you into a prize pool, which gives you the opportunity to win two tickets to the F1 Grand Prix 2022 held in Abu Dhabi.
    6. For detailed information regarding this airdrop, you may consult this article.

    Keep up with Stocks Telegraph to remain updated on these weekly opportunities

  • Crypto News & Highlights

    Crypto News & Highlights

    Throughout the last week, the cryptocurrency market demonstrated considerable strength after its persistent trend of the prior month. On Friday, a report was published that revealed that 261,000 additional jobs were added to the American economy, adding a further boost to the market, and resulting in surging prices of both Bitcoin and Ethereum. Improving economic indicators promise to bring a much-awaited pressure release in the crypto-markets that have borne the costs of all the disruptions this year had brought.

    Crypto-Highlights of the week

    The US Department of Justice revealed yesterday a 2021 raid it carried out which saw the recovery of almost $3.4 billion worth of bitcoin. This stands as the second-largest seizure by US government authorities to date. James Zhong pleaded guilty to the fraud, which he committed via the illegal Silk Road marketplace.

    The Financial Action Task Force (FATF) has stated its plans to clamp down hard on governments taking a negligent approach to crypto-asset oversight. Thereafter, the international body elaborated on plans to make annual assessments of countries to ensure sufficient regulatory controls exist on digital assets to restrict money laundering and terror financing.

    According to sources, the Internal Revenue Service (IRS) is preparing to clamp down hard on those exploiting tax vulnerabilities in the world of crypto-assets. Bloomberg reveals that the body’s criminal investigation division is likely to initiate legal action on hundreds of cases. The IRS has been increasing its focus on cryptocurrency in prior years, seizing a record high of $7 billion worth of digital assets this year alone.

    In keeping up with the trend seen across the high-growth economies of the world, Argentina too is considering the adoption of an ‘Argentine Digital Peso’. The proposal comes from one of the leading bankers in the country, Carlos Maria De Los Santos, who argues that crypto-transactions hold tremendous potential in widening the nation’s tax net, as well as ensuring a net surplus to the Argentine economy.

    According to reports, Lebanon has been seeing a surge in crypto-activity following its bankruptcy and complete economic destabilization. As its national currency sheds value, citizens have been mining cryptocurrencies, and using them in stores across the country, as an alternative to fiat currency.

  • NFT News and Opportunities

    NFT News and Opportunities

    After much speculation, Meta Technologies finally broke the silence and announced its plans of incorporating NFTs onto Instagram. The company stated that it aims to allow Instagrammers to mint and sell collectible content to interested parties. The breakthrough may cause a fundamental shift in NFT market dynamics, considering the brand value inherent to Instagram, as the world’s most popular photo and video-sharing social media platform. The feature is still in its pilot phase, and will initially be available to users in the USA before it expands the program internationally.

    One of the most popular television series of the generation, Game of Thrones, may be well on its way to getting exclusive NFTs for fans and investors. The TV network, HBO has partnered up with Warner Brothers Discovery for this project, which it has labeled “Game of Thrones: Build your Realm”. In their realms, users will be able to buy characters relating to the television series, which can upgrade with companions, weapons, and other similar equipment. The official launch is expected to take place later this month.

    The internet browsing company Opera recently announced the launch of an NFT tool labeled DegenKnows to be integrated into its web3 browser. DegenKnows essentially is an analytics and exploration application, which allows users to keep track of selected NFTs, and monitor various fundamentals relating to it. What is most impressive about the tool is its innovative capability of providing users with off-chain analytics from social media sources, such as Discord channels and Twitter threads.

    NFTs to Watch

    KPR NFT

    KPR is currently the talk of the town in the world of NFTs, with its trade volume exceeding 432 ETH.

    The KPR project caters primarily to world-building enthusiasts and storytellers by unlocking the potential the metaverse and NFTs have to offer in this realm of creativity. Throughout 2022, the developers of KPR have built a rich world with captivating texture packs and immense depth. However, those holding the KPR NFT would act as Keepers to this world and fill its void with fantastical stories and incredible lore to give it life.

    Art Gobblers NFT

    The Art Gobblers NFT stands as one of the most popular NFTs out there, as a result of its reputation as a brainchild of the creators of the popular animated television show, Rick and Morty. Moreover, the collection features characters drawn in the Rick and Morty art style and boasts a total volume of a whopping 9,632 ETH.

    The Art Gobblers project essentially labels itself as ‘an experimental decentralized art factory’ allowing artists to create and sell their art.  Users purchase pieces of art, which Art Gobblers gobble up and produce goo as a result. The more art stored within the NFT, the higher the user’s ‘Goo Production Rate’.

  • Crypto Winners of the Week

    Crypto Winners of the Week

    Throughout the course of the week, a number of crypto names have performed spectacularly. A lot of these names, riding the wave of positive market sentiment, have broken prior records and made it to all-time highs. At the time of this writing, the following cryptocurrencies made it to unprecedented new highs:

    ATH Crypto Names

    Son of Doge

    Son of Doge (SOD) is a crypto name that embarked on a price take-off this week, in a manner that it had not previously done in the four months it has been in the trade. In fact, the last three days saw it shoot up from $0.00071 to an all-time high of $0.00094. As part of the dogecoin family, SOD also has been seeing rising popularity after Elon Musk’s Twitter acquisition.

    Square Token

    Square Token (SQUA) also took off phenomenally this week, in a rise from $23.35 to an ATH witnessed today of $63.64. SQUA’s present daily trade volume of over $5 million, is the highest it has seen since late June, indicating record interest in the token. This indicates that it may continue its upward climb to cover even more unchartered territory throughout the day.

    Kindly Coin

    Kindly Coin (KIND), the humanitarian blockchain player, after two months of decline, has finally exploded in price in a manner that was never seen before. KIND took off from $0.054 to $0.150 in an instantaneous manner. However, much to the dismay of its holders, this peak saw an immediate price correction to $0.059, making the joys short-lived. Volume has declined by over 15% in the last 24 hours, making a further take-off highly unlikely.

    Battle for Giostone 

    Battle for Giostone (BFG) after a volatile 20 days of trade, has finally succeeded in breaking its earlier ATH record from last Saturday of $0.0567, earlier today. BFG rose to $0.0572, after a spectacular volume surge, bringing in impressive gains for its holders. These high points in such quick succession likely indicate that this new crypto-market entrant is possibly on an upward trajectory, set to establish a stable price that its holders a comfortable with.

    Dotori

    Dotori (DTR) also made a breakthrough yesterday, setting a new price record it had never seen before since being launched in the market, in May of this year. DTR shot up to $3.85, at the point when its volume instantaneously surged to over $12 million. The crypto asset is clearly riding a bullish wave and has seen an additional price surge of 10% earlier today.

    Top Movers (24H)

    Keeping true to the resurgence of interest in the cryptocurrency market, as well as its increasing status as a safe-haven asset, many on the fence have given in, and are starting to begin investing in various crypto names. Those that already held long positions are clearly upping their holdings too. As a result, a number of cryptocurrencies have surged dramatically in price, within the last 24 hours. At the time of writing this Stocks Telegraph article, these were as follows:

    Good Dog

    Good Dog (HEEL) undertook a legendary price appreciation today as it ballooned by over an incredible 800% from $0.045 to $0.408. HEEL has remarkably maintained these gains, with its volume fast rising to the $1 million mark, indicating that this is far from a short-term peak. The hype around Good Dog comes after developers released the official white paper for upcoming NFT plans on its official Telegram platform.

    Green Trust Token

    Green Trust Token (GNT) also has been on a high-speed rocket today, climbing by more than 820% in a single day. The price explosion, accompanied by a trading volume of over $3 million, took GNT to its highest point since December 2021. With no recent updates, however, a number of crypto traders have pointed out that a dump may likely be inevitable after this pump. As a result, investors are calling for others to tread with caution on this beastly rise.

    Kitsune Inu

    Kitsune Inu (KITSUNE), took on a monumental climb today of nearly 430%, taking it to a high of $0.00000037. As the day continued, however, these gains had leveled down to 350%, which is still remarkable, to say the least. KITSUNE caught the market’s attention after its plans to launch 100 hand-drawn NFTs, which, in a domino effect, led to its present winning performance for the day.

    Memecoin

    Memecoin (MEM) rose unexpectedly today from $0.027 in price to $0.080, translating to a crypto appreciation of almost 200%. MEM saw a volume surge earlier in the day from $25,000 to almost $4 million suggesting a coordinated, rather than organic price movement. After falling somewhat from its daily high, Memecoin still stands at doubling its price for the day.

    RSS3

    RSS3 developers, earlier today announced an integration of meta content onto their platform to support a unified and crypto-enabled Web3. The resulting wave of support had been evident in the market, as bulls drove up RSS3 price from $0.14 to $0.33. Volume too has been rising tremendously from $2 million to nearly $12 million in the last day alone. Following the volatility after this epic rise, the net gain for the day stands at 86%.

  • Crypto News and Market Sentiment

    Crypto News and Market Sentiment

    The much-awaited interest rate hike by the US Federal Reserve had finally come to pass, with interest rates being raised by 75 basis points earlier yesterday. Much to the delight of crypto traders, the reaction in the cryptocurrency market had largely been positive, with both Bitcoin and Ethereum seeing price climbs. Digital assets are increasingly gaining notoriety in these inflationary conditions as being safe-haven assets, which may explain the growing demand. Market participants also expect the Fed to now move towards reversing gear on its aggressive stance.

    Highlights of the week

    • Singapore’s central monetary authority, yesterday, reiterated its instructions to crypto exchanges operating within the country to comply with sanctions leveled against the Russian Federation, and by extension, users that are based there. The call comes after the recent publishing of a report which has indicated that Russian citizens have raised millions of dollars through crypto-related transactions, which are being redirected to support the invasion of Ukraine.
    • In a groundbreaking development, the border-to-border payment and funds transfer giant, MoneyGram has finally launched crypto-transactions on its platform. It now allows users to buy, sell and simply hold Bitcoin, Ethereum, or Litecoin. At present this facility has only seen enabling in the United States, with expansion expected to gradually take place.
    • After successful results seen by central-bank-endorsed digital currencies across Asia, the Indian Central Bank too initiated its Digital Rupee pilot project, earlier this week. Nine national banks are collaborating on this project. In this initial phase, digital currency is seeing use in select locations, for retail purposes.
    • One of South Africa’s largest retail store chains, Pick n Pay has announced plans of accepting BTC as valid currency in all its locations across the nation. It further stated that customers may use any bitcoin transfer app, and scan with a QR code for high-speed payments. This comes as a major development for crypto-acceptance in the country.
    • The financial world’s titan, JP Morgan, for the first time ever, executed an international transaction by means of a DeFi tool, on a public blockchain. Singapore’s central monetary authority was a party to this transaction, which saw initiation with the intention of investigating blockchain applications for conventional financial markets.

    Crypto fear & greed index

    After its improvement, last week, from the ‘extreme fear’ to the ‘fear’ zone, the cryptocurrency market sentiment has impressively maintained its positioning. Following its step up, from the 25th of October, the index has on average stuck close to the 30 mark on the index, as it stands today. What is most positive about the sentiment today is that the market has maintained its perception of crypto assets, even after the US Federal Reserve hiked interest rates by 75 basis points.

    There was anticipation among many bears in the market of a potential collapse in prices after such a substantial move by the Fed, which has evidently subsided. Bulls in the market now have the go-ahead to continue upping their long positions in the market. Those who were on the fence, are likely to tilt toward crypto, now that market sentiment appears unchanged in the face of macroeconomic disruptions.