As the cryptocurrency market continues to exhibit deeper declines, developments continue in the ecosystem. In the list below, you can find the stock market listings, Q&A events, meetups and network updates that will take place on 12 altcoin projects today. Here are the details…
New developments for 12 altcoins today
- Traders Coin (TRDC) will launch the second version (V2) for the P2E game.
- Kava (KAVA) will launch the 1.0 mainnet.
- AME Chain (AME) will perform the mainnet exchange on exchanges.
- Seedify.fund (SFUND) will launch its RIO-X IGO. The IGO process will take place on May 10-11.
- SparkPoint (SRK) will announce a partnership.
- Upfire (UPR) CEO Tyler Fallon will hold a question and answer event with Ekta (EKTA) co-founder Yog Shrusti at 19:00 in Turkey.
- FiboDex (FIBO) will burn five billion tokens.
- mStable USD (MUSD) will hold its management meeting at 19 pm.
- KuCoin lists Boba Network (BOBA) at 12 CEST with USDT pair.
- Magic (MAGIC) will hold a question and answer event on Twitter Spaces.
- MEXC Global lists MetaQ (METAQ) in USDT pair at 11 pm CET.
- MEXC Global lists MarketMove (MOVE) in USDT pair at TSI 13.
What is the latest situation in the market?
Meanwhile, as we have reported as Kriptokoin.com , the markets have turned red. The data showed that BTC plunged to lows of $29,731. The first drop below $30,000 since July 2021, overnight BTC price performance came amid both falling exchanges and new problems for Terra’s USD-pegged stablecoin TerraUSD (UST).
UST saw an attack involving bulk sells this week, resulting in Terra using its massive 750 million BTC reserves to support the USD stable. However, the initial liquidity steps were insufficient to mitigate the impact of the threat, and the UST later dropped to $0.67, according to data from CoinMarketCap. At the same time, BTC/UST on major exchange Binance began to act erratically, climbing above $42,000, and other Bitcoin dollar markets struggled to protect $30,000.
