In the ever-evolving environment of the cryptocurrency market, each day brings with it countless developments that shape the course of the industry. As we come to the end of another week, important developments in various altcoin projects attract attention. Here’s a list of what’s going to happen throughout the weekend…
Critical times have come for these altcoin projects
- DAO Maker (DAO) will realize Script TV SHO.
- Gaia Everworld (AIA) is holding its IDO Launchpad today.
- Cobak (CBK) said he would make a big statement today.
- Altcoin Vega Protocol (VEGA) will end the Vega Margin voting today.
- The Sora Summit will be held today.
- TRVL (TRVL) will finalize the voting process for the Dtravel ambassador program.
- Bitget lists sols (SOLS) with USDT pair.
- XeggeX lists ADAMANT Messenger (ADM).
- Coin98 lists Kroma (KRO).
- Electra Protocol is holding a question and answer event on Twitter.
- Octopus Network (OCT) will release the Octopus 2.0 update tomorrow.
- Harmony (ONE) will perform the emergency hard fork tomorrow.
- ZTX said it will make a big announcement tomorrow.
- Altcoin HarryPotterObamaPacMan8Inu (XRP) will launch BLOX.
- Bitget will launch its UP Launchpad tomorrow.
- Nakamoto Games will perform the game update.
- VeChain (VET) will hold a question and answer event on X.
- ZTX announced that it will make a big announcement.
- Comsats will realize the Multichain bridge today.
- Wicrypt is moving to Arbitrum.
- DIA ends voting for GDR #006 tomorrow.
What is the latest situation in the market?
Meanwhile, Bitcoin’s price lost some momentum in the last 24 hours and fell back to $42,000. Most altcoins are also in the red; SOL and ADA are down over 5%. But ICP exploded with a whopping 40% increase. It was exactly a week ago that BTC’s late 2023 rally reached $44,700 with its price surge. Moreover, this was the asset’s highest price tag in over a year and a half. But at that point the scene started to deteriorate. It was especially damaging on Monday, when Bitcoin lost more than three thousand dollars in value and fell below $41,000 in a matter of hours.
On Tuesday, the cryptocurrency fell further to a weekly low of $40,200. Additionally, bulls attempted to stem these price declines and pushed BTC towards $43,000 amid US CPI data and the recent FOMC meeting. Vulnerabilities in Ledger caused further volatility, with BTC losing $1,500 in value within hours on Thursday and then pumping. However, since then, Bitcoin has been struggling to regain its momentum and is currently just inches above $42,000. Its market cap dropped to $825 billion and its dominance over altcoins dropped to 51.6%.
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