Weekend is Critical for These 9 Altcoins: Here’s the Details of What Will Happen!

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The altcoin market had an active day on January 27, 2024, with various developments such as new listings, new releases and partnerships. There will also be important developments tomorrow. Projects such as Ontology, Galxe and Silly Dragon have announced new applications and partnerships. Here are the details…

Weekend is critical for altcoin projects

  1. HTX will list AltLayer (ALT) along with the ALT/USDT pair.
  2. MEXC listed Unipoly (UNP) with UNP/USDT pair at 10:00 (UTC).
  3. MEXC will list Wen ($WEN) along with WEN/USDT.
  4. Galxe published its new application on Google Play Store and TestFlight.
  5. Radiant app now integrates with Meta CRM for easy customer support access
  6. Silly Dragon has released a limited edition TOLY’S DRAGON digital collectible consisting of 3,333 pieces.
  7. Bitgert partners with NFT Horse Racing blockchain game Unicorn Galaxy.
  8. Ontology’s Weekly Community Q&A will take place with Clare on Discord at 07:00 UTC.
  9. People who pre-register for Night Crow will win up to 3000 USDT on WEMIX over the weekend.

What is the latest situation in the market?

Above, we shared the innovations in altcoin projects. Meanwhile, Bitcoin and other coins are on the rise. At the time of writing this article, the price of Bitcoin has increased by 3.4% in the last 24 hours. So, it is traded around 41.5 thousand dollars. This follows a sudden bullish move that occurred last night, where BTC was able to gain over $1,000 in less than a few hours. Positive momentum carried the cryptocurrency up to $42,000. But here the bears resisted and prevented him from advancing further. The move caused turmoil in the derivatives market and led to the liquidation of over $110 million, mostly short positions.

Industry participants are now watching for Grayscale exits and whether investors will sell their BTC that has been stuck in the fund for years. Because now spot ETF is a reality. As the price of Bitcoin has increased, the majority of major altcoins have also managed to benefit; some better than others. In fact, except for Toncoin (TON), all other major altcoins are trading in the green. Solana and Avalanche in particular have recovered better, but Ethereum, Binance Coin and Ripple are also doing well. Manta Network (MANTA) and SATS (Ordinals) were the best performing cryptocurrencies in the last 24 hours, up 21% and 18.4% respectively. On the other hand, Chiliz (CHZ) and Klaytn (KLAY) decreased by approximately 4%.

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