While the markets are starting to experience a slight rise, there are new developments for many altcoin projects. Some cryptocurrencies are starting to be listed on new exchanges. In addition, question and answer events will be held in many crypto money projects. Here are the developments that will happen today….
Today, important for 13 altcoins
- Ethereum Name Service (ENS) has chosen Karpatkey DAO as its fund manager.
- The burn rate for the Shiba Inu (SHIB) has increased by 1,000 percent in the last 24 hours. In the last 24 hours, 135 million SHIB have been burned.
- A report by Japan-based SBI for Ripple (XRP) has emerged. It revealed that the ODL service serves 40 payment markets. In addition, customers of the fiat-based RippleNet service are also switching to the XRP-based solution.
- KyberSwap has formed a new partnership with Lido Finance (LDO).
- Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it will be maintaining wallets for TRON Network (TRON). The maintenance will take place on 24 November 2022 at 09:30.
- KuCoin lists NuriFootball (NRFB) with USDT pair at 13 CEST.
- Velas (VLX) is holding a Q&A event with Warlands. The event will start at 20 pm.
- Boba Network (BOBA) and Covalent (CQT) will hold a question and answer event.
- Teams of cryptocurrencies such as Bridge Network (BRDG), HeadStarter (HST) will hold the Global Blockchain Conference. The event will take place on 23-24 November in Dubai.
- MEXC Global lists Peruvian National Football Team Fan Token (FPFT) in USDT pair at 15 CET.
- Cryptocurrencies such as Kusama (KSM), Equilibrium (EQ) will participate in a community gathering belonging to the Polkadot ecosystem.
- NEAR Protocol (NEAR), PARSIQ (PRQ), Phala Network (PHA); It will hold the Next Block Expo event. The event will be held in Berlin from 23-24 November.
- Coinbase is listing Avalanche-based BENQI (QI) today at 20 CET.
What is the latest situation in the market?
After charting new lows for several days, Bitcoin has finally bounced back. It added more than 5 percent value on a daily scale, as we reported as Kriptokoin.com. However, most altcoins outperformed the biggest crypto. Big daily gains are being seen from BNB, LTC and others. The past few days have not gone well for the cryptocurrency market, but now the situation has changed. While Ethereum was above $1,200, it dropped below $1,100, its multi-week low. But now, the second-largest crypto is once again trading close to $1,200 after a 7 percent daily increase.
Binance Coin rose almost 20% when the exchange announced its latest Launchpad listing. Therefore, BNB stands close to $300. Ripple, Dogecoin, Cardano, Polygon, Polkadot, OKB, Shiba Inu, LEO, Avalanche and Chainlink also posted impressive daily gains. Litecoin stole the show from larger altcoins with a notable 25% increase. As a result, the asset hit a 6-month high at $80. With most altcoins posting impressive gains, the overall crypto market cap added nearly $60 billion in one day. The metric, which fell below $800 billion yesterday, is now close to $830 billion.
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