Some recent developments have caused an increase in the price of altcoins such as RNDR coin. In this comprehensive article, we take a deep dive into each development, exploring its implications for related projects and the broader cryptocurrency ecosystem. As the crypto space continues to evolve rapidly, these announcements provide valuable insight into the trends and innovations shaping the industry. Here are the details…
Cartesi rises with grant program announcement
Cartesi (CTSI) announced the allocation of $1 million for its Grant Program aimed at encouraging developer talent and enriching the Cartesi ecosystem. Simultaneously, CTSI experienced a significant 7% increase in price. Cartesi has committed $1 million for the Grant Program designed to support the development of new ideas, decentralized applications (dApps), research, integrations, developer tools and game development. Independent developers, founding teams, DAOs, communities and collectives are invited to apply starting January 30. The program aims to increase the number of long-term contributors and developers developing new applications on the Cartesi platform.
Grant Program Manager Hellenstans.eth emphasized its role in fostering collaboration and providing financial support and technical guidance for project launches. The Foundation allocated a total of $1 million for the first two waves of the Grant Program; A maximum of $500,000 was allocated for the first wave. An additional $500,000 USDC could then be allocated in the planned second wave. This development indicates that the market will react positively to Cartesi’s initiative.
NEO and GAS listing from Bithumb
On the other hand, Bithumb, South Korea’s 2nd largest crypto exchange, announced the listing of two new altcoins named Neo (NEO) and Gas (GAS). This move came as Bitcoin (BTC) and Ethereum (ETH) transactions lagged behind altcoin transaction volumes on the exchange. Bithumb is officially listing ARK GAS and Neo’s listing is expected later. The exchange restricts deposits to the NEO mainnet (NEO N3) only and emphasizes the importance of adhering to this rule. After the listing, GAS increased by 13% to $6.4 and NEO increased by 12% to $12. Traders can now trade NEO/KRW and GAS/KRW pairs on the platform.
Roadmap announcement from Coinbase for RNDR coin
In other news, Coinbase announced the inclusion of Render (RNDR) in its asset listing roadmap to support its presence on the Solana network. Render Network Foundation is coordinating the transition from Ethereum to Solana by burning RNDR tokens and converting them to RENDER. With the development, the price of RNDR coin increased by 6 percent.
Finally, market data reveals that MAV has surpassed $0.7, currently trading at $0.707, showing a significant increase of 19.41% in the last 24 hours. On the other hand, as of January 31, JUP futures on options trading platform Aevo are priced at $0.697, up 9.24% in the last hour. As we reported, Binance will open Jupiter (JUP) and spot trading pairs JUP/USDT, JUP/FDUSD and JUP/TRY towards evening today.
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