We leave behind another week in the field of Bitcoin and altcoins. Therefore, investors need to prepare for the new week. Investors and traders are looking at the upcoming developments to prepare for the new week in the cryptocurrency space. In this article, we will convey the prominent altcoin developments on the first day of the new week tomorrow. Here are the details…
The big day is coming for these 13 altcoins
- Tomorrow, Azbit (AZ) will carry out the AZ coin burn.
- LATOKEN delists Doge Floki Coin (DOFI).
- MEXC Global lists Defactor (FACTR) with USDT pair at 15:00 CET tomorrow.
- UFO Gaming (UFO) will hold a question and answer event about the game of the project tomorrow.
- LiveGreen Coin with BTCEX exchange will hold a question and answer event tomorrow at 18:30.
- Bybit will hold a joint question and answer event with Symbiosis Finance (SIS) at 17 CET tomorrow.
- Seedify NFT Space (SNFTS) will burn 400 million coins tomorrow.
- MEXC Global lists El Dorado Exchange (EDE) coin in USDT pair at 11 pm tomorrow.
- Biconomy is listing GraphLinq Protocol (GLQ) with USDT pair at TSI 13 tomorrow.
- OKExChain (OKT) has announced that new stOKT pools will enter the market.
- AirDAO (AMB) will close the voting process for a new token economy proposal tomorrow.
- Uniswap introduced its mobile wallet, which it describes as “an open source mobile application that is completely self-custodial.” The mobile wallet is now available as a limited early release through Apple TestFlight.
- US fintech giant Circle, the issuer and operator of the second largest stablecoin USD Coin (USDC), has briefed its clients on the impact of the Silvergate crisis. As its main instrument, Silvergate’s Exchange Network (SEN), has been suspended, Circle has announced that it will switch to alternative service providers.
There are also major events affecting the markets
Bitcoin’s price has been quite volatile lately. Meanwhile, several well-known cryptocurrencies, including Litecoin (LTC) and Dogecoin (DOGE), have also seen slight price drops. The recent decline in the crypto market can be attributed to the release of US production figures and concerns over the accessibility of banking services for crypto companies in the US. On the other hand, as we reported on Cryptokoin.com, after the market closed on Wednesday, Silvergate submitted a report to the US Securities and Exchange Commission (SEC) announcing a delay in the submission of its annual report as it evaluated the impact of various events on its operations.
In addition, the global cryptocurrency market is preparing to end the week with a decline due to a number of factors. The release of robust US economic data has fueled speculation that the Fed may take more aggressive steps to combat persistent inflation by raising interest rates. Investors and traders are keeping a close eye on economic indicators in preparation for possible rate hikes and inflation. As the economy is performing well and inflationary pressures persist, the Fed is likely to raise the policy rate higher than anticipated late last year.
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