On the second day of the new week, the cryptocurrency market will witness many developments. In this article, we will convey the altcoin developments that have been or will be experienced throughout the day. Here are the details…
Today, critical for 17 altcoins
- Boba Network (BOBA) has launched its multi-blockchain bug bounty campaign with Immunefi.
- cryptocoin.com As we have reported, Polygon (MATIC) will go through the hard fork process today.
- Pitbull (PIT) will release the third version of its roadmap.
- Huobi Global is listing Kyrrex (KRRX) with USDT pair today.
- FLOKI (FLOKI) has announced that it will make an important announcement today.
- EverRise (RISE) will launch its EverRise NFTs today.
- EasyFi V2 (EZ) is launching stable Rigel Protocol (RGP) staking today.
- BlackHat Coin (BLKC) will launch Core Wallet 5.5 today.
- The Blockchain Hub conference in Davos, Switzerland, will kick off today. The conference will end on the 19th.
- MEXC Global is listing t23 (T23) in USDT pair today at 13 CEST.
- VVS Finance (VVS) will launch Veno (VNO) on its launchpad.
- Bitrue listed Fetch.ai (FET) with USDT pair at 7 CET.
- KuCoin lists Magic (MAGIC) in USDT pair at CET.
- Rocket Pool (RPL) will hold a question and answer event on Twitter Spaces today, at 22 CET.
- Chrono.tech (TIME) will hold a question and answer event at 19.30 CET.
- Loan firm Nexo (NEXO) has sued the Cayman Islands’ financial regulator over its VASP license.
What is the latest situation in the market?
Alongside these developments, the cryptocurrency market is on the rise. Bitcoin reached $21,155, up 22.9 percent on a weekly basis. According to CoinMarketCap, Ethereum has reached $1,570, up 18.5 percent over the past seven days. Polygon posted the biggest gain in morning trading, rising 4.2 percent to $1.02. The network was up 20.5 percent from last week ahead of the hardfork. With the V0.3.1 hardfork, the proof-of-stake network aims to reduce the severity of spikes in transaction prices and address chain restructurings.
Solana hit $23.31, up 41.9 percent from last week. Solana is the best-performing player on the list so far for 2023 and has rebounded after some serious sell-offs following the collapse of the FTX cryptocurrency exchange and affiliate companies holding large amounts of tokens. Total crypto market capitalization in 24 hours fell by 1% to $991 billion, while trading volume increased by 15.8 percent to $54.1 billion.
The December US Consumer Price Index (CPI), released last week, showed that inflation increased by 6.5 percent year-on-year, in line with expectations and below the 7.1 percent recorded in November. The drop was the biggest monthly decline since April 2020, raising expectations that inflation has peaked in the US.
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