Leaving behind a week in which Bitcoin and other cryptocurrencies are on the rise, various ecosystem developments draw attention. In this article, we will share some altcoin news that will be experienced on the first day of the new week tomorrow. Here are the details…
Important day is coming for some altcoin projects
- BKEX will list Heroes of Versailles (VRH) with USDT pair.
- MEXC Global lists tomiNet (TOMI) in USDT pair at 15:00 CET tomorrow.
- Telos (TLOS) will hold a joint question and answer event with SYNTHR. The event will start tomorrow at 17.30 on Discord and at 18 on Telegram.
- Fabwelt (WELT) will hold the question and answer event via Telegram tomorrow at 18 pm.
- Ispolilink (ISP) will hold a question and answer event about the metaverse.
- LBank lists Qitmeer Network (MEER) with USDT pair.
- Azbit (AZ) will launch its weekly AZ coin burn tomorrow.
- Polkarare (PRARE) will launch PolkaRARE tomorrow.
- XT.COM lists ROND (ROND) in USDT pair at CET.
- SokuSwap (SOKU) will launch the SokuSwap NFT marketplace tomorrow.
- Celo (CELO) has announced that it will update its brand design.
- MetaMask launched staking beta with Lido and RocketPool.
- Multichain has launched the “boost bribe” for multiBTC market makers (LPs). Thus, it will offer more rewards.
- Tiny Colony has announced that it will leave Solana and migrate to the Immutable X (IMX) network.
What is the latest situation in the market?
Meanwhile, Bitcoin (BTC) continues to successfully hold above $20,000, as we have reported as Cryptokoin.com. Since Bitcoin finally broke above $17,000 earlier this week, the landscape around the asset has marked much more bullishness than it did at the end of 2022. Over the past few days, we’ve had gains that the community hasn’t seen in months. The cryptocurrency first climbed above $18,000, surpassed $19,000 and approached $20,000 on Friday evening. The bulls started another run that brought BTC to $21,250 later in the day.
This was the highest price tag in over two months and meant that Bitcoin had recovered all the losses from the FTX-Alameda fiasco. Despite losing some ground since that local top, BTC is still trading above $20,000 and its market cap is close to $400 billion amid ongoing speculation about the start of a new bull run. Bitcoin’s dominance over altcoins is also increasing. The metric, which fell to 39% last week, has risen above 41% for the first time since November 8.
Altcoins recorded notable gains yesterday, but most have now turned red on a daily scale. Solana was at the forefront of the rally, skyrocketing 40 percent at one point. Thus, SOL hit a multi-month high above $23, but is now below that level after a 4.5% daily drop.
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