Ethereum has also recently soared to a new two-month high. Bitcoin tried its hand at $24,000 but was stopped there. While it regressed to $23,000 yesterday, it seems to have broken that level downwards today. At the time of writing, it’s changing hands for around $22,800. However, regardless of price movements, many innovations are taking place in the ecosystem. Here is what will happen in 13 altcoin projects today…
Today, important for 13 altcoin projects
- Metafluence (METO) will perform the V1.0.0 alpha testing phase today.
- BitMart lists LinkDao (LKD) with USDT pair at 12 CET.
- The Flux (FLUX) team will hold a question and answer event on Twitter. The event will start at 17 pm.
- Ari10 (ARI10) team will hold a weekly question and answer event in the evening.
- Governor DAO (GDAO) will conduct a joint live broadcast with Ooki (OOKI).
- LBank lists CHEQD Network (CHEQ) with USDT pair.
- MEXC Global lists Compendium.Fi (CMFI) in USDT pair at 15:00 CET.
- Perpetual Protocol will broadcast weekly at 16 CEST. In the broadcast, the latest projects, news and updates will be the topic of conversation.
- Bitget lists Zignaly (ZIG) at 17:00 CET.
- StarLink (STARL) will hold a question and answer event with DigiFinex Global. They will talk about the STARL metaverse at the event, which will start at 22 CET.
- Mdex (MDX) and Hamster (HAM) will hold a question and answer event at TSI 14.
- XT.COM lists Quint (QUINT) in USDT pair at CET.
- Digifinex lists ZED RUN (ZED) at CET.
What is the latest situation in the market?
After finishing July in the green, the first positive month since February, Bitcoin has started to pull back slightly. As Cryptokoin.com also reported, it fell from $24,000 to below $22,500 in one day. The aforementioned low came on August 4, but the asset recovered pretty quickly and returned to $23,000. There it calmed down and spent the next few days around this level with no significant movement in either direction.
After a relatively boring weekend, BTC has finally taken the offensive and jumped to a daily high of $24,250 yesterday. However, it stalled at that point and the bears plunged BTC below $24,000. This decline has deepened even further over the past 24 hours, dropping around $22,000. Matt Corallo, an early BTC developer and Blockstream co-founder, believes that Bitcoin maximalists need to adjust their settings as the industry changes.
The latest report from Glassnode reports that BTC and ETH derivatives are finally starting to gain traction after the recent price drops. Altcoins also experienced price increases yesterday, led by the largest. Ethereum was around $1,650 in the past few days, but it started an uptrend that pushed it above $1,800. This was the asset’s highest price tag in exactly two months. It has since pulled back a bit and is now under $1,800.
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