Binance Alpha Weekly Review: DOYR Surges 5891%, Defying Market Trends
DOYR surged 5891% in seven days! Talus Network and BeatSwap launched on December 11th! Alpha's market capitalization surpassed $15.001 billion! Bitcoin's market capitalization remained at 58.9%, and the Fear & Greed Index hovered around 29!
Let's take a look at Alpha's performance this week. 🧵
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📈 Market Overview
Binance Alpha's market capitalization reached $15.001 billion, with trading volume reaching $8.422 billion. Despite the overall market weakness, Alpha maintained its listing pace, adding two new coins on December 11th. The total cryptocurrency market capitalization fell 0.51% to $3.15 trillion, with Bitcoin's market capitalization remaining at 58.9%, leading to decreased liquidity in other cryptocurrencies and reducing entry opportunities for Alpha participants.
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🏆 Top Performing Stocks
7-Day Gainers:
🔹 DOYR: Up 5,891.47% to $0.004715, Market Cap $4.7 million, Volume $21.5 million
🔹 Mind Network: Up 191.84% to $0.04551, Market Cap $15.97 million, Volume $14.4 million
🔹 Power Protocol: Up 172.38% to $0.2205, Market Cap $46.3 million, Volume $32.1 million
🔹 SentismAI (SENTIS): Up 90.66% to $0.1804, Market Cap $35.36 million, Volume $119.3 million
🔹 pippin (PIPPIN): Up 78.62% to $0.3297, Market Cap $329.7 million, Volume 6470 $10,000
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💼 How to Participate in Binance Alpha Program
🔹 Earn Alpha Points by holding/trading eligible tokens (15-day rolling window)
🔹 Please check the requirements when a project is listed. Recent base points range from 140 (Infinity Ground) to 241 (BeatSwap).
🔹 Redeem your points on the Alpha event page after trading begins.
🔹 Please confirm your redemption within the specified time; otherwise, you will lose your eligibility.
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⚠️ Panic Continues to Spread
The CMC Fear & Greed Index is currently at 29/100, down 1 point in the last 24 hours, but up 2 points from last week's 27, continuing weeks of panic. The three main factors leading to the sell-off were: Bitcoin falling below $103,000 triggered $164.19 million in liquidations within 24 hours, open interest surged 4.77% to $841.1 billion, and funding rates soared by 15.48%. The social sentiment score was 4.9/10, indicating a conflict between institutional investor acceptance of the platform and security concerns about exchanges.
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⚡ Two New Platforms Launched on December 11th
🔹 @Talus_Labs Talus Network (USA) officially launched as the first platform to receive airdrops, requiring 236 Alpha Credits.
🔹 @BeatXswap BeatSwap (BTX) officially launched as the first platform to receive airdrops globally, requiring 241 Alpha Credits.
🔹 Despite market weakness, both platforms maintained an active Alpha distribution rate.
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💡 Important Information
🔹 Monitor your 15-day rolling credit balance; inactive accounts will directly lower your eligibility to participate.
🔹 Closely monitor the price movements of DOYR and Mind Network after their launch, as platforms with weekly gains exceeding 100% typically face profit-taking pressure.
🔹 Watch for the Fear & Greed Index to move towards neutral territory above 50; this could be a catalyst for further gains.
Stay tuned.