Tomorrow is Critical Day for These 12 Altcoins: Here’s What They’ll Be!

As we wrap up another week, some critical altcoin developments continue to draw attention. Here are some events that will happen tomorrow, the first day of the new week…

Tomorrow is critical for these altcoins

• MultiversX (EGLD) starts the Hatom snapshot process.
• Decimal (DEL) is holding a question and answer event on Binance.
• Azbit (AZ) will perform its weekly coin burn.
• Nym (NYM) will hold a question and answer event with Bybit.
• WOO Network (WOO) will launch WOO X 2.0.
• League of Kingdoms (LOKA) will release an update.
• BitTorrent (BTT) will release details of its work with StUSDT.
• The governance page showed that Aave’s proposal to “reduce the liquidation threshold (LT) and credit value (LTV) of CRV in Aave V2 Ethereum” passed on-chain voting and will be implemented on-chain within a day.
• Poly Network announced that it is temporarily suspending its services due to the recent attacks, actively communicating with interested parties and carefully assessing how many assets were affected.
• NFT project Ether has announced that it will reduce the NFT supply from 10,000 to 5,555 in an effort to build a smaller and tighter community.
• Lens Protocol has released its LIP-4 proposal, which plans to add a default security layer “Profile Protector” to help Lens users prevent phishing scams.
• The Lido community voted to approve the proposal, which “suggests that all ETH in the vault be pawned on Lido.”

What is the latest situation in the market?

Meanwhile, Bitcoin surged from $26,500 to over $31,000 last week, reaching its highest level in recent months. The bears tried to intervene but only managed to stop the price increase of BTC. The asset has been stuck in the $30,000 to $31,000 range for the past seven days. Everything changed on Friday after reports that the SEC might reject the latest Bitcoin Spot ETF applications by BlackRock, Fidelity, and others, supposedly because they lack critical information.

BTC reacted with a sudden drop, dropping from over $31,000 to a 10-day low of $29,500 (at Bitstamp). However, the bulls soon pushed the cryptocurrency north, resulting in a rally to $30,500 on Saturday. The past 24 hours have been pretty quiet and the entity has stayed around this time. Altcoins have also experienced impressive price gains over the past few weeks, with some coming out the most. Such was the case with Bitcoin Cash, which at one point was up over 100 percent weekly and recorded a 14-month high above $320 earlier this week.

There was a similar situation for LTC yesterday as it also saw a 14-month high above $110. However, the landscape is less volatile now, with LTC, DOGE, ETH, TRX, DOT, BCH and SHIB showing insignificant losses. In contrast, XRP is up almost 3% but still below $0.5 and SOL is up roughly 5% above $19. The total crypto market cap increased by less than $10 billion in one day but managed to reach $1.2 trillion in CMC.

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