Ethereum Classic (ETC) Maintains Momentum

On the heels of BTC halving, we observe an ETC-confirmed exponential trend with an attendance of newly entered retail and institutional investors. After a noticeable 5.25% price increase compared to the previous week, the ETC token is currently above the $25 channel, which was the highest price that ETC reached a few months ago (in September 2022). With strong interest from over 400,000 watch lists, Ethereum Classic (ETC) is able to hold a market cap of $3,8 billion as of the writing period, which depicts market volatility. Experts associate this stability with thorough Ethereuman (ETH) transactions and market monitoring.

Dogecoin (DOGE) Finds Resilience

Then, Dogecoin (DOGE) recovers its price so as to hit another climax with the Bitcoin (BTC) halving event that is just around the corner. Furthermore, it has demonstrated its unquestionable ability to endure market uncertainties. While the first days of the month brought Dogecoin (DOGE) under the $0.2 mark, it is 2.55% up from the previous day and is currently trading at $0.1557. The market capitalization of Dogecoin worth $22.40 billion and a proven record of receiving strong support and acknowledgment from leading investors keep the crypto grow solidly and stay consistently in the field of crypto.

Navigating the Halving Season

Amidst the expectations of Bitcoin’s halving, the Ethereum Classic (ETC) and the Dogecoin (DOGE) continue to rise as epicenters of opportunity for the competitive market, offering investors the benefit of  modern digital assets. Under the strong watch and excessive criticisms as well as rumors of these crypto coins, traders must be necessarily careful while dealing with the market because they have to anticipate a potential consequent price correction along with other broader trends.

The halving period is also a time of trials and temptations. Nonetheless, this is a suitable opportunity for investors who would like to diversify their portfolios. Although crypto is not for everyone, it can give a good yield, provided it does not crash. As the halving season works out, Ethereum Classic (ETC) and Dogecoin (DOGE) are living, witty samples of the crypto market.

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On Wednesday, January 31, the Ethereum Classic (ETC) network will be undergoing an upgrade to strengthen its technological infrastructure. The upgrade is expected to make a significant contribution to ETC’s transaction speed and network security. The same day at 22:20 UTC, the Federal Reserve (Fed) will also be announcing its interest rate decision. This decision could have a significant impact on the valuation of cryptocurrencies, especially those that trade in USD. Fed Chair Powell’s speech later that day at 22:30 UTC is also expected to be a major market mover.

In the second half of the week, on Thursday, February 1, key economic data such as the annual inflation rate for the European Union and job claims in the United States will be released. In particular, the European Union’s CPI data, which is expected to be released on Thursday, February 1, could affect the value of cryptocurrencies that trade in EUR.

On the final day of the week, two key economic data points from the United States will be released to the public. The release of US non-farm payroll data and the unemployment rate could lead to volatility in the value of cryptocurrencies that trade more in USD.

In light of this information, the coming week is set to be a time of volatility in cryptocurrency markets and the financial world.

The post Developments and Updates in Cryptocurrency This Week! appeared first on Coin Engineer.

Check Out: Today’s Most Popular Altcoins in the Crypto Market – Gainers and Losers

This change includes 10 different cryptocurrencies such as Apecoin (APE), ARPA (ARPA), Beta Finance (BETA), Convex Finance (CVX), Ethereum Name Services (ENS), Eos (EOS), Ethereum Classic (ETC), Kava (KAVA), and Pax Gold (PAXG).

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According to Binance’s announcement, trading pairs APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, and PAXG/BNB will be removed from spot trading and trading will be halted on December 29 at 05:00 (Turkey time). It was also mentioned that with this change, trading bots related to the same trading pairs will be shut down.

However, Binance stated that users can continue to trade on the platform using other trading pairs available for these assets. This means that users can maintain flexibility in managing their portfolios and making trades. The cryptocurrency market is constantly changing, and exchanges may make changes to their portfolios from time to time to provide the best service to users.

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