Today, there will be significant developments for many cryptocurrencies. Looking at the news on a daily basis, various stock market listings, new altcoin products and network updates draw attention. Here are the details…
Today is an important day for 16 altcoins
- Ripple Domains has announced that it plans to launch a Blockchain name service on XRP Ledger.
- Uphold’s crypto-linked debit card announced that it is offering 4% XRP rewards to customers who spend using the card.
- Singapore-based cryptocurrency exchange BingX has listed the Baby Doge Coin (BABYDOGE).
- As Cryptokoin.com reported, Chainlink (LINK) staking has been launched on the Ethereum mainnet.
- Cardano’s decentralized exchange, MuesliSwap, has announced the “organic APR” feature to attract liquidity. This feature increases token emissions as more liquidity is put into the pool. The feature will be introduced in a single pool today, then it will be available in other pools.
- Stablecoin protocol Helio, which issues the HAY stablecoin, said that HAY has repurchased $3 million in debt on the open market. Additionally, Ankr revealed that it has distributed $15 million as its Helio stablecoin recovers after the abuse. The Helio protocol had a locked total of about $90 million prior to the event.
- BKEX lists Flag Media (FLAG) with USDT pair.
- Moonbeam (GLMR) will hold a question and answer event on Discord with LayerZero. The event will take place between 20-21.30 CEST.
- Bitrue listed PLC Ultima (PLCU) with USDT pair at TSI 13.
- Saito (SAITO) held the question and answer event at 13 pm.
- MEXC Global lists Cryptofi (CFI) in USDT pair at TSI 15.
- Huobi Global lists Euro Tether (EURT) with USDT and USDD pair.
- Zebec Protocol (ZBC) will hold the question and answer event via Telegram at 16 pm.
- PIVX (PIVX) and Particl (PART) announced the launch of a decentralized exchange called BasicSwap.
- Radix (XRD) will explain the developments about the team at the question and answer event called RadFi 2022.
What is the latest situation in the market?
Long periods of decreasing volatility are not typical of the cryptocurrency market and are often a harbinger of a big move. However, the price of Bitcoin has been stuck in a pretty tight range for the past few weeks. Couldn’t get out in any direction. At the time of this writing, the cryptocurrency is trading at $16,800, exactly where it was yesterday. BTC dominance also remained the same as yesterday, highlighting the lack of activity and general recession by market participants. In addition, most of the altcoins did not make any gains. Still, the lack of a big loss pleased the investors.
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