Today, critical developments for many altcoin projects will attract attention. Here is the list of things to happen…
It’s a critical day for altcoin projects
- Bitfinex announced that Harmony (ONE) and seven other cryptocurrencies have been delisted and withdrawals are open until 13:30 today.
- Today altcoin Aternos Chain will launch its mainnet
- Today, Cobak is encouraging owners to participate by calling for a vote on updating the whitepaper.
- Today BakerySwap announced the launch of its 3rd Launchpad project, BICA, along with details of the upcoming IDO.
- Today Creditcoin will launch an exchange providing a new path for token holders.
- Today, Coinbidex continues with ongoing development of its Initial Exchange Offering (IEO).
- Today, altcoin Verge will be listed on BitMart at 12:00 UTC with the XVGETH/USDT pair.
- From January 2 to January 15, Hypr Network users will claim their rewards.
- Today, SafePal invites users to participate in a live Q&A with the CEO at 16:00 ET.
What is the latest situation in the market?
In addition to altcoin developments, general price movements attracted attention. After a strong last quarter of 2023, BTC calmed down during the holidays and remained in a narrow range between $42,000 and $43,000 for about a week. Moreover, the asset fell below the support line several times but ultimately managed to continue its positive year. But everything changed on Monday evening. After sitting quietly near $42,500, the cryptocurrency started a rise that culminated in a rally to $44,000. Tuesday morning brought even more joy to the bulls as BTC surged past $45,000 for the first time in almost two years and millions of short positions were liquidated.
Just a few hours ago the asset set its local top at $45,900 (on Bistamp). So the community was prepared for a fee of $46,000 or more. This has resulted in a massive growth in BTC’s market cap on CMC, which is now close to $900 billion. Bitcoin’s dominance over altcoins also increased to 50.9%. Although most altcoins turned green today, many outperformed BTC. These included ETH (6%), BNB (2.5%), XRP (2.4%). Also included are ADA (5%), DOGE (5%), DOT (6%) and MATIC (5%).
However, there are those who have made more impressive gains than the largest crypto asset. This is also the case with Solana and Avalanche. SOL continued its recent bull run and rose 13% to $115. AVAX is up 11% and trading well above $40. While most other altcoins have recorded notable gains over the past day, it is no surprise that the total crypto market cap on CMC peaked at $1.770 trillion. This means that the metric adds about $100 billion in one day.
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