The altcoin world is constantly buzzing with activity, and this week is no different. Here is a brief summary of some of the important developments in the crypto world as of March 9, 2024…
The weekend is critical for those altcoin projects
- ConsciousDao (CVN): Listed on MEXC with trading pair CVN/USDT.
- catwifhat (CWIF): Listed on LBank with trading pair CWIF/USDT.
- Enjin Coin (ENJ): Special NFT rewards featuring unique gaming NFTs are available on NFT.io.
- SUN Token (SUN): It is proposed to launch the $SUN-$HTX Token Converter to strengthen their partnership with HTX_DAO.
- Olympus (OHM): A budget proposal was voted to support development until January 2025.
- Terra Luna Classic (LUNC): Voting continues on the deployment of Warp Protocol on Osmosis.
- Terra (LUNA): Vote for Proposal V2.10.2 to fix reward distribution issues and implement upgrades.
- MakerDAO (DAI): Announced a protocol update that changes stability fees, APYs, and cooldowns.
- Sweat Economy (SWEAT): Teased a new feature coming to Sweat Wallet this week.
- ALEX Lab (ALEX): Ongoing voting on Nakamoto Upgrade (details not available).
- TrueFi (TRU): It has been suggested to increase stkTRU staking rewards to attract more participation.
- Shentu (CTK): Vote for Proposition 35 to reduce decision-making time on the Shentu Chain.
- Ronin (RON): The first phase of the $20 Million $PIXEL airdrop to RON stakers is happening now.
- Balancer (BAL): Radiant Capital will launch the first V3 feature with auto-merge once approved.
- Unizen (ZCX): Announced a technical update aimed at reducing Ethereum gas costs and automatic rewards by 40-70%.
- SaucerSwap (SAUCE): Will hold monthly AMA sessions on Discord.
- Tweety (TWEETY): Token presale continues (details not available).
What is the latest situation in the market?
Meanwhile cryptokoin.com As we reported, BTC has seen a significant rise recently. This rise culminated in two consecutive all-time highs this week. Bitcoin initially rose above $69,000 on Tuesday after gaining a few thousand dollars on Monday. However, the bears were quick to halt the move and pushed the asset downwards. Within minutes, BTC dropped by nearly ten thousand and billions of US dollars remained in liquidation.
Bitcoin immediately recouped most of the losses and returned to $67,000 over the next few days. The second attack occurred yesterday, when the bulls pushed BTC to just above $70,000 for the first time. But once again, the cryptocurrency failed to maintain momentum and fell several thousand dollars. As of now, BTC is trading around $68,500 on CoinGecko with a market cap approaching $1.350 trillion. Its dominance over altcoins remained at 49.2%.
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