As the weekend approaches, the cryptocurrency world is gearing up for a series of exciting events taking place on Saturday and Sunday. From high-profile conferences to Blockchain technology summits, these upcoming meetings promise to provide a wealth of information and opportunities for enthusiasts and investors alike. In this article, we will take a closer look at the major crypto events planned for the weekend, highlighting the topics and discussions that will shape the future of the altcoin market. Here are the details…
Critical days have begun for these altcoin projects
• Today, Hydranet (HDN) is beta launching its mainnet.
• WEB3FC conference ends today.
• TUM Blockchain Conference ends today.
• Moonbeam (GLMR) is finalizing a vote today to bring USDC to the Moonbeam network.
• Tezos (XTZ) starts the KAYO testing process.
• Kaspa will hold a Q&A with the Chinese community today.
• Overnight and 1inch will hold a joint Q&A event today.
• Cryptube IOS application Kryza is launching tomorrow.
• Merit Circle (MC) is holding MIP-28 voting today and tomorrow.
• Kyber Network Crystal (KNC) conducts KNC on Aave V3 voting.
• Gnosis (GNO) is in the GIP-89 voting process.
What is the latest situation in the market?
So, what’s happening in the market in the meantime? Last week was expected to be less volatile, except for a brief rally on Saturday that pushed Bitcoin to a multi-day peak of $26,400. Unable to continue upwards, BTC retreated to $26,000 and spent the rest of the weekend there. Monday didn’t start very well either, but it ended this way. Bitcoin attacked and broke above $27,000 for the first time in weeks. It started to decline shortly thereafter, but the bulls kept the pressure on and pushed the cryptocurrency to a new 20-day high of $27,500 on Tuesday.
The next few days passed fairly calmly. As we reported as Kriptokoin.com, BTC maintained $27,000 even after the US Federal Reserve’s decision to stop raising interest rates. However, Bitcoin’s momentum disappeared on Friday and it fell as low as $26,400. At the end of the day, it tried to make a jump but failed and it currently stands at $26,500. While its market cap sits south of $520 billion, its dominance over altcoins is still just inches above 49%. Most altcoins are also calmer on a daily scale. On the one hand, ETH, BNB, DOGE, ADA, DOT, MATIC and LTC are showing minor losses, while on the other hand, XRP, TRX, TON and SHIB are slightly in the green. Solana retreated the most among large-cap altcoins, losing over 1%. As a result, SOL is struggling just below $20.
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