The cryptocurrency market continues a week full of bounty programs, halving events and new ATHs. Ethereum-based layer 2 project Mantle’s reward program and Bitcoin Cash’s upcoming halving event were among the important developments that affected the market this week. In addition, the STRAX token exchange and GTC update from Binance were also among the notable news in the market. Additionally, the ETFI coin rise attracted the attention of traders. Here are the details…
MNT announces new program, BCH flies in anticipation of halving
Ethereum-based layer 2 project Mantle climbed to the top with the announcement of the program called “Mantle Rewards Station”. MNT tokens worth $68 million were locked in the program, which was attended by 11,254 people in a short time. It was stated that the program will continue until April 26 and the existing Ethena Shards (mShard) reward will be distributed. Following this development, the MNT price increased by 60% and reached $1.47.
On the other hand, Bitcoin Cash (BCH) increased by 13% ahead of the halving event on April 4. Blockchain followers note that this event financially precedes price increases. After the halving, BCH’s block reward will decrease to 3,125 BCH. This situation is expected to tighten supply and push prices up. Bitcoin Cash’s open interest in trailing cycle trades appears poised for a potential upside.
ETFI coin made ATH
Although ATH has general distribution in the market through Binance Launchpool launched Ether.fi (ETFI) token. ETFI, the native token of the liquid restaking protocol Ether.fi, reached 8.53, up 44% in the last 24 hours. This rise also erased the collapse that ETFI experienced after the airstrike on March 18. According to deflation systems, Ether.fi’s total locked asset value (TVL) has also increased by 3.18 billion recently.
Binance announcements boost STRAX coin
Finally, Binance completed the Stratis (STRAX) token exchange and growth plan on March 28, and deposits and withdrawals for the new STRAX token were opened. Following this development, STRAX coin rose by 12 percent. It rose from $0.145 to $0.165. Additionally, Binance announced that the Valid-to-Cancel (GTC) order validity period of 1 has been introduced for U-based and coin-based contracts. With this update, GTC orders will expire 1 year after they are placed. This week has been an active week in the cryptocurrency market with program schedules, halving events and new ATHs. It is a matter of curiosity what kind of course the market will follow in the coming weeks.
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