As the cryptocurrency space continues to evolve, November 30, 2023 is set to witness a number of developments in various projects. From protocol upgrades to new listings and community events, the altcoin world is buzzing with activity. Here is a brief overview of the major events planned for today…
Today is a critical day for many altcoins
- Alchemy Pay (ACH) will be holding a Q&A on Discord.
- FORE Protocol (FORE) will launch as a prediction market using UMA’s Optimistic Oracle.
- Concordium (CCD) will participate in a Tokenomics AMA.
- ICON (ICX) will begin testing XCall V2 via BTP.
- Witnet (WIT) will host an AMA with CroDraw.
- Merit Circle (MC) will share updates in October.
- Altcoin Hedera (HBAR) will host a Community Call with Co-Founder @ManceHarmon.
- Nym (NYM) will introduce an Innovation Fund.
- Oasis Network (ROSE) will hold a question and answer event today.
- Derby Stars RUN (DSRUN) is making an announcement for the end of November.
- SafePal (SFP) will hold a question and answer event.
- LCX (LCX) details Token Sales signed in September, October and November.
- ISKRA Token (ISK) will hold a question and answer event with Gas Hero.
- Sushi (SUSHI) will organize a question and answer event.
- Coinweb (CWEB) plans to launch a new website towards the end of November.
- Pancake will handle the controls for the VCAKE upgrade.
- Immutable upgrades the chain’s first EVM client from Polygon Edge to Geth.
- Good Games Guild will carry out the buyback and incineration.
- ICON continues ISS 4.0 testing.
- BitMEX lists FET.
- Ontology will hold a question and answer event about ONTO Wallet.
- ALIEN will hold a question and answer event on Twitter.
- Zignaly will hold a meeting with the participation of its founders.
What is the latest situation in the market?
Bitcoin’s rally last Friday took the asset to an 18-month high of $38,500. However, the cryptocurrency failed to maintain its momentum and almost immediately crashed below $38,000. The weekend saw little significant movement, with BTC stalled in a range between $37,000 and $37,500. Monday and Tuesday brought more pain for the bulls, with the asset falling to a multi-day low of $36,700. However, they managed to regain control over the market and pushed BTC higher on Wednesday.
This resulted in the price rising to $38,400, but Bitcoin failed to continue its upward march and failed to chart a new one-and-a-half year high. On the contrary, the asset has lost some traction since then and is now trading below $38,000. While its market value has fallen below $740 billion, its dominance over altcoins remains strong at 52%.
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