Today, there will be developments that can be considered important for many altcoins. Altcoin ecosystems and prices are generally positively affected by developments in the network. This is why many users are looking at the latest developments in altcoins. Among the items taken into account are criteria such as network updates, Q&A events, stock market listings. In the list below, you can see what will happen today…
Today, 9 important for altcoins
- BitMart lists BRN Metaverse (BRN) with USDT pair at TSI 18.
- BitcoinZ (BTCZ) will launch Tip.cc Discord bot today.
- Internet Computer (ICP) will hold a question and answer event about the BTC testnet.
- BKEX lists Grove (GVR) with USDT pair.
- BKEX lists Luna Inu (LINU) with USDT pair.
- LBank lists Lunatics (LUNAT) with USDT pair.
- NKN (NKN) is holding a question and answer event at TSI 23.
- SwissBorg (CHSB) will hold a question and answer event about the soon-to-be-launched SwissBorgEarn product.
- FTX lists Stargate Finance (STG) at 17:00 CET.
What is the latest situation in the market?
Since last week’s price drop that took Bitcoin from a multi-month high of $25,200 to a multi-week low of just under $21,000, the cryptocurrency has been struggling. It has calmed down around $21,000 and has been trading at that point for a while, apart from a few short price moves. The situation finally started to change hours ago when BTC moved in and approached $22,000. However, he was stopped just before he reached the line. It is currently trying to hold $21,000 while the bulls hope to run later.
Still, its market cap has seen a multi-billion-dollar rise per day. It is currently at the level of 415 billion dollars. Still, its dominance over altcoins took a hit and fell below 40 percent once again. Meanwhile, altcoins have also exhibited rather stagnant price movements over the past few days. cryptocoin.com As we reported, Ethereum dropped from $ 2,050 to $ 1,550 in a few days. But earlier this week, it started to recover somewhat. Yesterday, it managed to break above $1,700, its six-day high.
However, at the time of writing, it has dropped to $ 1,600. Binance Coin also hit multi-day highs above $300 after a 3% daily gain. Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Avalanche and Polygon are also now in the green. Ethereum Classic has earned more than any of the bigger altcoins. ETC rose more than 11 percent. It is trading close to $40. Overall, the market is eagerly awaiting the Merge update on Ethereum. Therefore, the leading altcoin continues to be on the agenda.
