As we leave another week behind, you can see what will happen in the market today and tomorrow, that is, on the weekend. Many altcoin projects such as Monero, Ergo, Cardano, Ethereum, ADA were included in the article. Here are the details…
Important for 15 altcoins this weekend
- As Cryptokoin.com also reported, Monero (XMR) will perform a network update and hard fork today.
- Offshift (XFT) adds oracle price data and variable rate data to the platform.
- Nest Protocol (NEST) will hold a question and answer event today between 15-16 CEST.
- Ergopad (ERGOPAD) will take screenshots for ErgoPOS IDO tomorrow at 20 CET.
- Japanese cryptocurrency trading platform Huobi Japan, the Japanese subsidiary of Huobi, has announced that it will distribute Flare Network (FLR) to XRP holders approximately 20 months after the airdrop announcement.
- Kraken has expanded its support for Cardano and XRP users. The crypto exchange announced the addition of BTC, ETH, USDT, USDC, XRP, ADA and DOT assets to its asset check.
- Brazil-based PicPay collaborated with cryptocurrency exchange Paxos to make it easy for users to buy Bitcoin and Ethereum.
- NOWNodes has added support for Ryoshi Vision (RYOSHI), a reward after Shiba Inu (SHIB) burning.
- IVAR Coin (IVAR) is now tradable on XT.com and with the Tether (USDT) pair.
- According to data recently shared by Whale Alert, nearly 300 million XRP tokens were transferred between major crypto exchanges in the past two days.
What is the latest situation in the market?
Unlike the previous weekend, we saw impressive gains from BTC and most altcoins this week. Bitcoin skyrocketed just below $25,000. Also, with the hype surrounding Merge, ETH rose above $2,000 to a multi-month high. Merge, an event that marks Ethereum’s transition from PoW to PoS, is probably the most anticipated event of the year in the cryptocurrency space.
The primary cryptocurrency, on the other hand, was overshadowed by the performance by many altcoins, including ETH, due to the aforementioned Merge excitement. However, its price against the dollar has also seen notable gains over the past few days. Just two days ago, BTC jumped to a two-month high of $24,900. However, it later slumped below $23,500 yesterday, dropping above $1,500. However, the predominantly positive market sentiment pushed Bitcoin upwards again. Therefore, the asset was pretty close to touching $25,000 a few hours ago.
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