Cryptocurrency markets are mostly sideways today as Bitcoin continues its consolidation. However, in the Bitcoin and altcoin market, the developments in the network are of great importance, as well as the price. Today, there have been or will be significant developments for 7 altcoins. Here is the list…
Developments in these 7 altcoin projects: Listings, meetings, token burns…
Today, it looks like it will be significant for 7 altcoins. While burning takes place in some coins, some are listed on exchanges.
- FaraLand (FARA) is carrying out its token burning today on the 12th of every month.
- Coin Fast Alert (CFA) has hinted that it has applied to be listed on Binance.
- BitMart lists Fantasy (FTSY) with Tether (USDT) pair.
- Position Token (POSI) announced that it will launch its launchpad called Bonds this week. The official statement from the team is awaited.
- Celsius Network (CEL) is holding a community gathering in Texas.
- Strong (STRONG) will hold a question and answer event on Youtube.
- Metagalaxy Land (MEGALAND) will broadcast at 18.00 Turkish time and answer the questions of the participants about the project.
Latest situation in the market
cryptocoin.com As we have also reported, Bitcoin price continues to consolidate and has failed to produce any meaningful and sustainable movement in any direction. Meanwhile, Ripple’s XRP is the only altcoin in the top 10 to have seen a serious increase. In the past 24 hours, Bitcoin’s price has failed to produce any meaningful sustained movement in either direction, and during that time it has been trading at roughly $39,000 where it was yesterday.
This does not mean that we do not see volatility. There were reports yesterday that Russian President Vladimir Putin acknowledged progress in talks with Ukraine. This bolstered the market, with Bitcoin’s price rising nearly 3.6 percent in less than an hour to over $40.2k. Unfortunately, the market spread quite poorly and the gains were erased with the next hourly candle showing how much tension there is at the moment. As a result, the Bitcoin price has risen 0.4 percent over the past 24 hours as traders look for the next direction.
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