GODS, Safemoon, Karrat Lead As Crypto Fear, Greed Index Drops

As Bitcoin fell to $96,000 on Saturday and the market cap of all coins dropped to $3.1 trillion, the crypto fear and greed index dropped to 35.

Meanwhile, the closely-watched altcoin season index fell to 44. While most cryptocurrencies were in the red, a few stood out at last check:

Gods Unchained

Gods Unchained (GODS) price formed a God candle as it jumped to a high of $0.30. That’s up by 212% from its lowest level this year.

This rebound happened ahead of the Gods Unchained Battle Pass Season 1 whose presale will start on Feb. 10.

Gods Unchained is a popular card game on the Immutable X (IMX) layer-2 network. According to DappRadar, the game had 6,640 unique active wallets in the last 30 days, and over 273,000 transactions.

The developers expect the upcoming season and rewards to incentivize more gamers. Its surge pushed its futures open interest to $9.30 million — its highest level since July last year.

Safemoon price rises as Karony seeks trial delay

Safemoon (SFM) price also surged by over 82%, giving it a market cap of over $36 million. This rebound happened after former CEO John Karony asked the court to delay his trial citing the upcoming policy changes by the Donald Trump administration. 

He asked it to move the trial from March to April this year, citing a statement by Hester Peirce who suggested that the SEC would consider retroactive relief in some cases.

The Justice Department charged Karony and other Safemoon executives of misappropriating investor funds, committing wire fraud, and money laundering. In the aftermath, most exchanges delisted Safemoon, with most of its trading now happening in MEXC, PancakeSwap, Gate, and BitMart.

As we wrote here, the thinly traded Safemoon token often pumps and then dumps.

Karat spikes after KIP 07 vote pass

Karrat (KARRAT) price soared by over 30%, making it one of the top-performing coins in the market. This rebound brought its market cap to over $38 million.

The rebound happened after the KIP 07 vote passed a community vote, indicating that the Karrat network will be having a monthly UGC contest.

Its goal is to encourage content creation and grow the ecosystem.

Honorable Mention

Bitgert (BRISE) token rose for the third consecutive day and reached its highest level since Jan. 20.

This rebound was because of the potential partnerships with companies like ChimpxAI, TonPoke, and Debitist.