Weekly Recap: Crypto News, Top Movers, ICOs & Hottest Airdrops

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The cryptocurrency market has once again turned bullish. Bitcoin crossed $60,000 for the first time since April and it has been pulling other cryptocurrencies up with itself. The bullish wave in the crypto market presents unlimited opportunities. Brace yourself for a quick ride around the highs and lows of the market!

Highlights of the week

Here are the top developments that happened around the market:

  • BTC has turned bullish currently at a price level of $62,381. BTC’s price prediction of $100k seems likely, once again. Ethereum is following suit with the king of the market and stands at $3,813
  • The SEC has finally approved the first Bitcoin futures ETF. The monumental step happened after nearly 8 years of going back and forth with the SEC. The approval has been a cause of the bullish momentum in the crypto market as investors rushed towards BTC
  • Although BTC whales holding 10,000 BTC has been on a decline. The whales are at their lowest since 2012; however, smaller whales with holding between 100 and 10,000 are multiplying rapidly
  • Bitcoin futures open interest has hit a record high of $3.6 billion
  • The New York Attorney General’s office has announced additional investigations into unregistered crypto lending and borrowing platforms
  • Digital asset marketplace Bakkt has become one of the few crypto firms to be trading on the New York Stock Exchange. However, the shares closed down by 6.4% from the opening price of $9.41.
  • Fitch Ratings – the credit rating agency – has issued a warning that stablecoins can bring newer risks into the securities market.
  • Stablecoin Tether had been under scrutiny from regulators on account of their dollar reserved. Tether has been hit with a $41 million fine for not being transparent about their reserves
  • Blockchain gaming and NFTs were the major subjects of debate on crypto Twitter

Top Weekly Gainers

With the cryptocurrency market performing phenomenally well, there is an abundance of high performing cryptocurrencies. We have compiled our five best tokens for you to bet on!

Dogelon Mars (ELON) is a Shiba Inu and Dogecoin rip off. The cryptocurrency is relatively new but has garnered increasing interest because of its phenomenal performance. Dogelon Mars is associated with the eccentric billionaire Elon Musk which is what has been driving the cryptocurrency upwards. During the past week, the coin surged upwards by 247%. It may be a good time to look into cryptocurrency as it has been surging high continually.

Proton (XPR) is the second best-performer of the week with a gain of 106%. The surge can be attributed to the recent developments of the network. The team recently introduced yield farming as well as a wallet 2.0 for Proton. The cryptocurrency has been ranked #1 by AltRank out of more than 3,000 altcoins in terms of social and market activity.

Keep Network (KEEP) has increased by 103% in the weekly timeframe. The network has had various discussions on inflation, council election, DAO formation, T Token Contracts as well as the integration and launch of tBTCv2. The bustling network has helped the cryptocurrency skyrocket. Moreover, there is also talks of integration of Keep Network with NuCypher which will be a revolutionary step.

SafePal (SFP) has picked up the pace after minor market corrections. The cryptocurrency increased by 89% in the past week. Currently, the cryptocurrency stands at a price level of $1.90. SafePal is a cryptocurrency wallet launched to help users protect and grow their crypto holdings. The network had recently updated the wallet to version 2.8.1.

Livepeer (LPT) has increased by 87% during the past seven days. The cryptocurrency has been on a steep uptrend. Currently, the price stands at $30.72 while the daily performance shows an increase of 50%. Livepeer is the first decentralized live video streaming platform built on the blockchain technology.

Top Weekly Losers

Although the crypto market is bullish, the volatility of the market ensures there isn’t a shortage of poor performing coins as well. While these tokens have been giving subpar performance in the weekly timeframe, not all of them are coins to steer clear from.

BNBPay (BPAY) peaked during the beginning of October. The cryptocurrency has been falling downwards ever since. During the past seven days, BNBPay has declined by 30%. Currently, the price stands at $0.011. BNBPay was launched in July. It is a crypto payment gateway curated for merchants.

Ribbon Finance (RBN) has been going downhill during the week with a decline of 28%. The token stands at a price level of $3.09 and has declined by 11% during the day. Ribbon Finance utilizes financial engineering to offer sustainable yields to users. Developers can use the platform to create structured products combining DeFi derivatives.

HEX (HEX) had been surging upwards since September. The cryptocurrency delved into brutal market corrections afterwards. The corrections led to a decline of 27% in the cryptocurrency; however, the market corrections may have ended as the daily performance shows an increase of nearly 8%.

Secret (SCRT) has had a similar trajectory. The cryptocurrency has fell brutally following a steep upward climb. Secret has declined by 27% during the past week. The downhill trend is going strong and may continue for a while. Secret is the native token of Secret Network which is a privacy-centered blockchain.

Function X (FX) has been declining steadily. The cryptocurrency fell by 25% during the past week. Currently, FX token stands at a price level of $1.15 while the daily performance also shows a steady downtrend. Function X is a cross-chain protocol with the token used for supporting internal cross-chain transactions.

Hot ICOs to Watch Out For

Active ICOs

ICOs can be utilized to maximize the yields from the cryptocurrency market. We have compiled a list of some of the good active projects in the market:

Biconomy is the next generation multichain relayer protocol. The project aims to be the source of crucial infrastructure for the web 3 applications. The token sale will end today so hurry up and invest if you want to. Web 3.0 is regarded as the face of the future of the internet and projects working in web 3.0 have a good potential. Biconomy has completed its fundraising goal.

Lazio Fan Token is a Fan Token for the S.S Lazio team. The token is based on Binance Smart Chain. The fan token will enable fans to be involved in their favorite team. Lazio Fan Token’s ICO is set to expire in two days while the fundraising goal has been set to $4,000,000.

Ariadne is a cross-chain decentralized finance marketplace. The platform is designed to lower the fees required while entering and exiting yield farms on blockchains. It is a multi-chain aggregator which allows users to move and re-allocate assets faster and cheaper. The token sale will end in 15 days. Ariadne has set up the fundraising goal at $150,000.

Akt.io is a decentralized peer-to-peer currency which is designed to be a better fitted alternative for transactions and payments. Akt.io also has a mobile-based applications which aggregates all investment-related activities in once place. The project has set an ambitious target of $31,359,000 for fundraising.

Nyan Heroes is an NFT-based game on the blockchain of Solana. The game employs a play-to-earn metaverse model. The genesis sale will feature 11,111 unique Nyan heroes. Becoming an early supporter of the project will give you a lot of added benefits.

Upcoming ICOs

Investing in ICOs is a great way to get involved in a project but since ICOs are riskier, it requires a great deal of research. Here are some upcoming projects that you can look into:

Envelop is a cross-chain protocol for NFTs. The platform is ab all-in-one shop for your NFTs. Users can find various NFT marketplaces and get tools that help developers create their NFTs. For example, oracles can help developers set up an appropriate price. It also offers cross-chain tokenization and other features. The token sale will begin on 21st October with the fundraising goal at $1,100,000.

Waterfall Defi is a protocol that brings risk tranching to the DeFi segment. The platform will have multiple portfolios with different yield farming strategies. The portfolios are then divided into tranches where the principle and yield and distributed depending on the tranche seniority. Users will get return based on which tranche they invest in. The token sale will begin on 21st October with a fundraising goal of $180,000.

Space SIP is a play-to-earn game developed on Binance Smart Chain. Players can build, conquer and earn in a space metaverse. The token sale will begin on 21st October while the fundraising goal has been set to $200,000. Gaming tokens have been becoming increasingly popular and a price rally led by gaming tokens may happen again – making these new projects particularly interesting.

Chimeras is another play-to-earn metaverse with a free-to-play model. The project’s aim is entertainment while charging near-zero costs for transactions. It also has integrated DeFi farming and NFTs. The token sale will begin on 26th October with the fundraising goal set at $200,000.

Ardena a stablecoin protocol and a decentralized exchange built on top of Cardano. The procotol is aimed at bringing the necessary requirements of DeFi to the ecosystem of Cardano to help it function at its full potential. The token sale will begin on 28th October and the fundraising goal has been set to $1,000,000.

Ended ICOs

Here is a list of some of the ended projects that have ended:

  • Manga Fomo Chronicles is an NFT game with a Japanese anime theme. The project raised $1,000,000 through the ICO
  • Strip Finance is the first decentralized derivatives trading platform. The token sale was successful with the project raising 100% of its fundraising goal
  • TapMe is a play-to-earn game that raised $130,000 through its token sale
  • AntEx aims to serve as the bridge between crypto and fiat payments. The project’s ICO raised $5,510,000
  • Demole is another game based on the blockchain which raised a good amount through its ICO

Hottest Airdrops

Get your hands on some of the hottest airdrops currently going on

Permission Airdrop

  • Visit the Permission registration page
  • Submit your details and sign up
  • Verify your email
  • You will receive 100 ASK tokens
  • Become an ambassador and earn 300 ASK for each referral
  • The rewards will be moved to your wallet once you complete your KYC verification

Invite referrals

  • Create an account on Binance
  • All new users who fill out this form and invite at least 10 eligible referrals will share a pool of 25,000 BUSD

Binance Pay Competition

  • Create an account on Binance
  • All Binance Pay users who make 10 separate transactions to friends and family totaling $25 or more during the competition period will stand a chance to win up to 25,000 BUSD in token vouchers

Woo Network Airdrop

  • Visit the Woo Network registration page
  • Sign up with your details
  • Verify your email
  • Deposit and stake WOO
  • A snapshot will be taken every week to determine each users’ reward everyday
  • Eligible stakers will receive WOO proportionate to that staked by the

StormGain Airdrop

  • Visit the StormGain website
  • Enter “BONUS100” as the promo code
  • Sign up by entering your details
  • Verify your email and phone number
  • Make a deposit of at least 600 USDT and get 100 USDT for free
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