Leaving another week behind, Bitcoin continues to move sideways. Altcoin prices also follow BTC. However, certain developments other than prices also affect the market. In this article, we will convey the developments in altcoin projects. The news in question will be important for tomorrow, the first day of the new week. Here are the details…
Tomorrow, this is important for altcoin projects
- IBS (IBS) will complete the transition from TRC20 network to BEP20 tomorrow.
- Azbit (AZ) will carry out its token burning tomorrow.
- BitMart lists Synesis One (SNS) with USDT pair at 17 CET.
- Songbird (SGB) has announced that its Flare network will become decentralized.
- Huobi Global lists MiL.k Alliance (MLK) with USDT pair.
- LBank will list Minebase (MBASE) in USDT pair at 11 pm ET.
- ZooKeeper (ZOO) will launch the ZooRacers Beta tomorrow.
- Coinsbit lists IBS (IBS) with USDT and BUSD pairs.
What is the latest situation in the market?
So, what is the latest situation in the market at this time? As we have reported as Kriptokoin.com, Bitcoin continues to move sideways around $19,000. Bitcoin continues to trade with low trading volumes, similar to previous weekends, with no significant movement in either direction. ETC and APT are among the few exceptions, posting notable gains. Most altcoins are also sitting quietly.
The last seven days have been significantly less volatile than the previous week, when BTC went from $19,000 to $18,200 and $20,000, 24 hours after the latest US CPI figures were released. However, the asset failed to cross the $20,000 mark. $19,000 is back in a familiar sight. He spent the last weekend at those levels. It tried to move forward with the price surging to $19,600 on Tuesday but was once again stopped in its path.
The scenario was repeated on Thursday. However, this rejection forced BTC down and the asset dropped to a 9-day low of $18,600. Then it bounced pretty quickly and was back to $19,000 by the weekend. Its market cap is still $367 billion, and its dominance over altcoins is less than 40 percent. For most alternative cryptocurrencies, the situation is similar to BTC. Almost all major altcoins exhibited small gains. These include Ethereum, Binance Coin, Ripple, Cardano, Solana, Dogecoin, Polkadot, MATIC, Tron and Avalanche. Also, SHIB is showing a slight decline. Ethereum Classic and Aptos stood out with their rise.
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