1/23/2024 0 Comments Optimism crypto news![]() Having traded beneath the $1.86 resistance mark for nearly seven months, the token began to experience a breakout in the past two days. It displayed no clear signs of a breakthrough. While many altcoins saw steady gains over the past few weeks, Optimism’s price lingered below a critical resistance level for almost seven months. It is also one of the tokens drawing investors’ attention at this period. Solana’s native token (SOL) has seen a remarkable 550% surge year-to-date. JTO’s launch aligns with the ongoing rise of altcoins throughout this year. Coinbase and Binance also disclosed their intentions to list the JTO token. The decentralized exchange Aevo experienced severe disruptions following a surge in futures market activity coinciding with the token’s airdrop. We built a DeFi Guide that can help you figure it out! /IUB52O9ML7 It was at the top of the gainers’ list on CoinMarketCap on Friday. In a departure from the norm, eligible recipients have an extended 18-month window to collect their assets, a notably prolonged claim period compared to the typical 30 to 90-day windows for airdropped tokens.Īt the time of this report, JTO boasted a market capitalization of approximately $337,98 million. ![]() Notably, none of the top 14 addresses claiming the token, ranked by size, had initiated any sales during this period. Introduced at 11 am ET, Jito’s JTO token witnessed rapid uptake, with around 30% of the airdrop claimed within just 45 minutes. It is currently experiencing a staggering 85.46% surge upon its Thursday launch. JTO is the new governance token from Jito, a Solana-based staking project. JITO (JTO)Īfter an eventful week for Bitcoin, traders shifted their focus to the obvious next cryptocurrency to explode. Anticipation for such a product is high, with initial demand projected to reach as much as $3 billion within the first few days of its launch. Introducing a spot Bitcoin ETF would signify a monumental moment for the industry, granting cautious investors access to the world’s largest cryptocurrency through the tightly regulated stock market. Thirteen prominent firms, including Grayscale Investments, BlackRock, Invesco, and ARK Investments, have submitted applications to the Securities and Exchange Commission (SEC) seeking approval for ETFs that would mirror the price movements of bitcoin. securities regulator and asset managers vying to launch Bitcoin exchange-traded funds (ETFs) have progressed to intricate technical discussions, indicating potential approval from the agency in the pipeline. Meanwhile, industry executives have revealed that talks between the U.S. Experts anticipate continued monitoring of Bitcoin’s dominance and the evolving dynamics of trading volumes across various crypto sectors in the coming days. The market’s resilience in capitalization, despite the reduced trading volume, suggests a consolidation of assets and a potential shift towards more stable crypto assets like stablecoins amid market uncertainties. Stablecoins, on the other hand, maintained a dominant position, accounting for $65.8 billion in trading volume, constituting a substantial 88.55% share of the total market activity over the same period. This sector of the market, thus, secured 10.74% of the entire crypto market’s daily trading activity. Notably, the decentralized finance sector contributed $7.98 billion to this volume. It turns out that the crypto market’s trading volume amounted to $74.31 billion, reflecting an increase of 8.07% from Wednesday’s trade. However, this growth contrasts with a notable decline in the overall trading activity within the crypto sphere. The latest gains mark a 0.85% increase in value over the past 24 hours. The market’s capitalization has consequently risen to $1.62 trillion. Join Our Telegram channel to stay up to date on breaking news coverageĪgain, the global cryptocurrency market made more gains on Friday after Thursday’s impressive gains.
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