Today is the Big Day for These 10 Altcoins: Here’s What They’ll Be!

In addition to the analysis of prices in the cryptocurrency market, developments in the ecosystem are also of great value. Network updates, exchange listings or question and answer events of altcoin projects; generally positively affects their positions in the market. For this reason, we inform you about the developments in the ecosystem every day. Today, there will be significant developments for 10 altcoins. Here are the details…

Today is the precious day for 10 altcoins

  • Subme (SUB) will carry out the coin burning for the month of November today.
  • Ricnatum (RCNT) will hold its private NFT sale today.
  • Conflux (CFX) will hold a question and answer event with Goledo.
  • Saito (SAITO) will hold the community meeting today at 15 pm.
  • Vita Inu (VINU) will hold a question-answer event on Telegram at 11 pm.
  • Vega Protocol (VEGA) will hold the community meeting today.
  • Triall (TRL) will hold a question and answer event on Youtube. The event will start at 17.30 CEST.
  • LBank lists Mammoth MMT (MMT) in USDT pair at TSI 13.
  • Toon Finance (TFT), a new blockchain ecosystem for DeFi, P2E and metaverses, ranked first on CoinMarketCap as the most searched coin on a weekly basis.
  • British financial technology company Revolut has announced that it is offering its customers 1 percent cashback on Dogecoin (DOGE) and other cryptocurrencies.

Other valuable developments affecting the market

The cryptocurrency market is mostly affected by Bitcoin’s price movements. Apart from that, the network developments we mentioned above have a valuable place in the cryptocurrency space. The innovation of a crypto project in the field is highly welcomed by investors. However, apart from these, the crypto money market has started to see the process in a connected form with macroeconomic developments recently. Koindeks.comAs we have also reported, the focus of investors is the Fed’s interest rate decision this week.

Currently, Bitcoin and other cryptocurrencies are sideways. However, recently, the stock markets with high correlation of BTC have experienced a slight decrease. The drop in equities comes ahead of the Federal Open Market Committee (FOMC) meeting on November 1 and 2 this week, when the Fed is expected to raise interest rates by 75 basis points to curb inflation.

With inflation reaching its highest level in 40 years with 8.2 percent in September, the Fed increased interest rates from near zero in March to 3.25%. The Fed has stated that it will continue this policy until inflation reaches a target range of 2 percent. While increasing the interest, their aim is to raise it to 4.50 percent. Time will tell how these developments will affect the cryptocurrency markets.

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