Today will be a critical day for 7 altcoin projects. There will be developments such as stock market listing, network update, question and answer events in these altcoins. Here are the details…
Today, important for 7 altcoin projects
- BitMart lists Coinerr (ERR) with USDT pair.
- WeWay (WWY) will hold a question and answer event on Telegram.
- Vega Protocol (VEGA) will hold a community meeting.
- Bitrue lists KubeCoin (KUBE) in USDT pair at CET.
- BitMart lists PLEARN (PLN) with USDT pair at CET.
- Coinsbit lists NSUR Coin (NSUR) with USDT pair.
- Cryptocurrency exchange Deepcoin lists Floki Inu (FLOKI).
What is the latest situation in the market?
Due to the lack of significant trading volumes and volatility, BTC and most altcoins remain silent today. After Bitcoin lost the $20,000 mark that followed over the weekend, the asset was below it while trading volume was lacking. Most altcoins are also pretty sluggish on a daily scale. Chainlink is among the few players to stand out with a 5% increase. Bitcoin tried to recover some ground when it hit $22,000 on August 26. It was the multi-day high at that time. However, the bears were quick to stop the move and pushed the asset down.
As we reported on Kriptokoin.com, BTC lost almost $ 2,000 in a few hours. It was dangerously close to falling below $20,000. It managed to maintain this level at first. However, it seemed almost inevitable that it would fall below this level after a short time. Therefore, Bitcoin traded below $20,000 for the first time in over a month. It hit a 7-week low of $19,500 on August 29. Similar to Bitcoin, altcoins have also lost a significant amount of value over the past few days.
But on a 24-hour scale it remained fairly calm. Ethereum recently dropped below $1,500. However, it recovered quite quickly. After a small daily increase, the second-largest coin is now around $1,550. Solana, Polkadot, Shiba Inu, and Tron are also in the green now, while Binance Coin, Cardano, Ripple, and Dogecoin are experiencing minor declines. However, its cumulative market cap continues to struggle below $1 trillion.
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