Bitcoin (BTC) still dominates the cryptocurrency market. However, the market is flooded with altcoin projects. With so many alternatives on the market, investors are looking at the latest developments in networks. Because outside of technical analysis, the latest developments in altcoins affect prices. In this article, we have compiled the developments for eight altcoins today. We also took a look at the latest situation in the market. Here are the details…
Today, important for 8 altcoins
- WEI (WEI) will hold a question and answer event with the CEO of the project. The topic of the event will be “projects that will survive the crypto winter”. In addition, 500 WEIs will be distributed to those who ask the best questions.
- Avalanche (AVAX) will activate Avalanche Banff (V1.9.0) on the mainnet.
- CheckDot (CDT) will launch its insurance service (Insurance Protocol) today, at 13:00 CET.
- Cake Monster (MONSTA) will release its Proof-of-Plushy (MPOP) game today at 16 CET. The game is described as a hyper-deflationary trading game. Also, MPOP is based on BNB Chain.
- Coinstore.com has listed Everscale (EVER) at 6 CEST with USDT pair.
- Bitrue listed Ethereum Fair (ETHF) at 11 CEST with USDT pair.
- Bezoge Earth (BEZOGE) will hold a question and answer event at 17:00 CET.
- Coinsbit lists Crypto Legions V3 (BLV3) with USDT pair.
What is the latest situation in the market?
Meanwhile, after trading around $19,000 for several days, Bitcoin has finally been hacked. It went towards $20,000. The primary cryptocurrency has been relatively quiet since last week’s rollercoaster, which, as we reported on cryptokoin.com, began with a US jobs report that drove Bitcoin from $19,000 to $18,200 before skyrocketing to $20,000. He calmed down as the work week was about to end. The weekend brought little volatility. BTC dropped to $19,000 after being rejected at $20,000 on Friday and spent Saturday and Sunday trading sideways.
Monday was also an unusually stable day, but the last 12 hours brought more volatility. BTC started gaining traction and rallied to $19,700 earlier today. As of now, several hundred dollars have been withdrawn. Bitcoin’s market cap has risen to over $375 billion, and the dominance over altcoins has increased to 40.2 percent. Altcoins, on the other hand, recorded some minor gains yesterday.
Ethereum slumped below $1,200 over the weekend. But two days in a row slight increases pushed the second-largest crypto currently to $1,330. Binance Coin is back at $275 after a 1.2 percent daily bounce. Similar gains are seen in Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu and Tron.
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