This weekend, critical developments will attract attention for many altcoins. In this article, we will give a list of what will happen. Here are the details…
These two days are very critical for these altcoin projects.
- KRN is holding a Q&A about the third quarter today.
- WMT takes screenshot of ENO staking today.
- JOE (JOE) begins offering epoch 12 liquidity rewards.
- PEEL continues its proposal voting on the awards today.
- DFI and XCHF will make an announcement today.
- WEMIX will run its bug bounty program today.
- Korea Blockchain Week continues today.
- LCX will hold a question and answer event via Telegram.
- ARIX will share the roadmap update tomorrow.
- PRIME will make an announcement about the prize distribution tomorrow.
- NFT Fest Lugano event continues.
What’s the latest situation in the market?
Bitcoin rallied above $26,400 yesterday to a multi-day high, but this was short-lived and the asset is back to a familiar sight below $26,000. Altcoins are also slightly in the red today, with BNB, ADA and SOL retreating over 1%. Bitcoin’s price performance has been far from impressive for the past 10 days, as it surged as high as $2,000 after Grayscale’s victory over the SEC and dropped to almost $3,000 days later.
The fierce rejection that followed pushed the asset to an 11-week low of $25,350. The bulls finally stepped in at this point and helped bitcoin recover somewhat come last weekend. Thus, BTC remained calmly below $26,000. The following days, including most of the business week, were uneventful, with the cryptocurrency stuck in the same spot. It finally made an upward move yesterday when it reached a multi-day high above $26,400.
However, this turned out to be a false breakout and BTC has lost all its momentum and is now trading below $26,000 once again. Its market cap is still just inches above $500 billion, and its dominance over alts has fallen to 48.3%. Most altcoins have mimicked BTC’s recent performance, with small gains yesterday and subsequent pullbacks today. Ethereum, Ripple, Dogecoin, Tron, Polkadot, Polygon and Shiba Inu fell by up to 1%.
