Today was a critical day for many altcoin projects. Because various developments attracted the attention of the market. Here are some events that have happened or will happen throughout the day…
This is critical for altcoin projects today
- Synapse Network is launching the Outlanders Hybrid Sale between January 8 and January 9, 2024, with a platform allocation of $120,000 and a token price of $0.0087.
- BitMart lists DEVAI today at 0XDEV/USDT.
- Casper Network today announced Network Peregrine V1.5.5 with significant changes.
- World Mobile Token plans the next snapshot on January 9, 2024 at 11:00 UTC.
- BakerySwap is launching the Bitcoin Cats Genesis NFT collection today.
- Altcoin PancakeSwap will host a live Q&A session today about its 2023 achievements and Q1 roadmap.
- MEXC is listing Xai today with the XAI/USDT pair.
- BTSE lists Xai today.
- Bitget will be hosting an AMA with Sei Network today.
- CoinTR is listing YachtingVerse with the YACHT/USDT pair today.
- BitMart, Gate.io; Listing XAI today.
- Altcoin Radiant Capital opens RFP-28 voting today.
- An announcement will be made today about the MUBI-AI partnership.
- MATH-TAO integration will take place today.
- Pine Protocol announced X Spaces with ARB today at 10am ET.
- KuCoin lists XAI with the XAI/USDT pair today.
What is the latest situation in the market?
Meanwhile, after an extremely volatile start to the year that saw BTC rise to nearly $46,000 and drop to $41,500 amid speculation about the SEC’s potential decision on ETFs, the cryptocurrency calmed down at the end of last week and throughout the weekend. Then came Monday morning when the asset fell to $43,200. However, the landscape changed rapidly and Bitcoin went on a drastic attack. It first rose to $45,000 as many ETF applicants announced the fees they planned to charge.
This was just the beginning, as the asset then rose even higher to $47,250, its highest price point in almost two years. It has since lost some traction and remains below $47,000, but its market cap is well beyond $900 billion and its dominance over altcoins is over 53% as ETF decisions approach. Most altcoin projects were suffering in the last few days, but not today. Solana was among the lowest performers as it fell below $90 at one point. However, a 12% increase on a daily scale has pushed SOL above $100 as of now. Avalanche is also up by a similar percentage and is trading well above $35.
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