The momentum we saw in the markets yesterday seems to have calmed down a bit today. BTC is again above $20,000 but has not made a bigger move. On the other hand, Ethereum (ETH) managed to stay above the $1,365 levels and $1,350. So, what will happen in altcoin ecosystems today? Here are today’s stock market listings, network developments and Q&A events…
There are significant developments for 9 altcoins
- WEI (WEI) will hold a question and answer event, in which the CEO and CTO of the project will also participate. At the event that will take place on Telegram, they will talk about innovative ideas about WEIpay Business.
- Huobi Global lists MagicCraft (MCRT) with USDT pair.
- MonkeyLeague (MBS) will hold the AC Milan NFT auction today between 17-21 CEST. In total, 16 NFTs will be on sale.
- Metarun (MRUN) will launch a public beta version of the network.
- Huobi Global lists fanC (FANC) with USDT pair.
- BKEX lists Tamadoge (TAMA) with USDT pair.
- MEXC Global lists Terran Coin (TRR) in USDT pair at 17 CET.
- Stacks (STX) will hold a question and answer event. On their agenda will be updates to the network.
- Bitrue lists Play It Forward DAO (PIF) with USDT pair at 18 CET.
What is the latest situation in the markets?
Meanwhile, it is useful to look at the latest situation in cryptocurrencies and traditional markets. Bitcoin managed to stay above $20,000, as we have reported as Kriptokoin.com. Bitcoin dropped slightly on Thursday morning but remained above the $20,000 support line. Ethereum has also lost ground. XRP is the only token to win in the top 10 cryptocurrencies by market cap. The leading meme coin Dogecoin was the biggest loser in the top 10. It fell 2.2 percent to $0.06, Cardano slumped 1.1 percent to $0.43, and Solana fell 0.2 percent to $34.07, little change.
XRP rose 2% to $0.49 after Ripple Labs Inc., powered by payments network XRP, was listed as one of the world’s most promising Fintech companies in the CB Insights Fintech 250 for 2022. XRP prices are affected by the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple.
US stocks were little changed on Wednesday. The Dow Jones fell 0.1 percent, while the S&P 500 and Nasdaq fell 0.2 percent. Markets got off to a strong start to the week following data Wednesday showing the US economy is still running strong, with the US economy adding 208,000 jobs in September, according to payroll services firm ADP. This is seen as another sign that the rate of inflation is not slowing down. It signals further rate hikes for the US Fed. Inflation in the US is currently hovering at 8.3 percent, and the Fed said it wants back its 2 percent target range.
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