The Weekend Is Important For Those 16 Altcoins: Here’s What’s Happening!

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This weekend we will witness exciting developments and ongoing management activities across various projects in Bitcoin, altcoin projects, and crypto in general. Here is a brief summary of some important events…

It is critical for altcoin projects today

  • Floki (FLOKI): A proposal to burn approximately 2% of the circulating supply is currently being voted on by the community.
  • Chromia (CHR): Users must redeploy their CHR tokens to continue receiving rewards after March 3.
  • dYdX (WETHDYDX): Community votes are ongoing to add RNDR and STX as new markets to the dYdX Chain.
  • Acala (ACA): Acala is voting to close outstanding debt positions in Karura at pre-approved prices.
  • Persistence (XPRT): The XPRT community is voting on the creation of a liquidity pool for XPRT and SHD.
  • Several other projects are also voting on various proposals, including MIP-29 (MNT) for Mantle, XPRT/SHD pooling, and Flare’s FIP.06.
  • Golden Inu (GOLDEN) and Navist (NAVIST): Listed on MEXC with USDT trading pairs.
  • Crypto Expo Europe: Will take place on March 3 and 4 in Bucharest, Romania.
  • ETHDenver 2024: The main event, which brought together more than 20,000 SporkDAO members, has concluded.
  • Shido Network: Launches validator app and announces mainnet launch date (exact date TBA).
  • Celestia Staker demand for AltLayer (ALT) continues.
  • Flare’s STP.06 and SIP.02 voting continues.
  • Yearn’s YIP-76 vote, in progress
  • Processes such as Gala Pool Infusion, Immutable’s MetalCore Closed Beta, Ronin’s PIXEL airdrop are ongoing.
  • Marinade (MNDE): Partnered with PubKey for verification in its Discord and community.
  • Pendle (PENDLE): A new wstETH pool with March 2024 maturity has been launched on Arbitrum.

What is the latest situation in the market?

Meanwhile, cryptokoin.com As we reported in the past week, numerous reports have emerged suggesting that altcoins that have recently lagged behind Bitcoin may be on the verge of a price explosion, thus triggering the next altcoin season. This prediction has come true in the last 24 hours, at least for some.

Hot Developments Including Listing for TON Coin and These 5 Altcoins!

Cardano, Polkadot, Chainlink, Polygon, Litecoin, and Ripple are just a few examples of altcoins showing impressive gains. Even more impressive price gains are coming from the two biggest meme coins. While DOGE is up 20% to hover near $0.15, SHIB has exploded nearly 70% and is trading above $0.000021.

Bitcoin Cash gained more than 25%. As a result, BCH is currently trading close to $400. UNI and ETC also recorded double-digit jumps from larger altcoins. Thus, altcoins managed to reduce BTC’s dominance over them. The metric, which rose 5% in a few days to a two-month high of nearly 51%, is now below 50% on CoinGecko.

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