With a move of $992 billion (+0.2%) on Wednesday (18th) morning, the cryptocurrency market has kept investors excited in recent days. This began with slowing inflation in the United States of America, which spurred investors towards a possible easing of the monetary policy of the world’s largest economy, as of the beginning of February. In Davos, Switzerland, Chinese Vice Premier Liu He delivered a speech last Tuesday (18) in an attempt to restore market confidence by saying that the Asian country is confident of resuming growth this year. This could help the global economic recovery, according to the Managing Director of the International Monetary Fund, Kristalina Georgieva, who said that China’s GDP should grow by 4.4% in 2023.
Despite predictions of a recession for this year, which is still prevailing among most analysts, Bitcoin (BTC) maintained its daily gains for the past few days by trading at $21.2K (+0.3%), despite a slight pullback for most of the major altcoins. . According to the market value. ETH was trading at $1,577 (+0.7%), BNB was trading at $300 (-0.3%), ADA was trading at $0.34 (-1%), DOGE was worth 085 (+2.2%), MATIC was It is at $0.99 (-2%), SOL was long at $22.3 (-4.8%) and DOT was at $5.94 (-1%).
Double-digit increases were less common, including STEEM, quoted at $0.23 (+26.2%), GAL, quoted at $1.88 (+20.8%), and AGIX, quoted at $0.20 (+16.2%). ), SINGLE, pegged at $0.17 (+14%), RPL, pegged at $36.14 (+14%), FATF, pegged at $7.72 (+25.8%), PRO, traded at $0.50 (+24.3%) %), and CRTS, was trading at $0.00067 (+46%).
Attention was drawn to a little-known LBL, the Label Foundation token, which is trading just above 0.012 (+106%).
LBL/USD daily chart. Source: CoinMarketCap
The increase coincided with the announcement of the listing of LBL on BitHumb, one of the most popular cryptocurrency exchanges in South Korea.
attachments $LBL In the end @tweet This is an epic milestone for the team!
In total 30 million $LBL and 10 BTC dollars It is given away through many trading and holding events @tweet
Make sure not to miss this airdrop opportunity. https://t.co/ayKIGEvfZo pic.twitter.com/7iAJAOkvxa
—LABEL Foundation (LABELFoundation) January 18, 2023
The project presents itself as a platform aimed at P2P (peer-to-peer) decentralized infrastructure, which involves the creation of non-fungible intellectual property tokens, IP NFTs, intended to represent a mechanism for sharing project profits for participating developers.
Another highlight was XTP, the fintech Tap Global token, which continued to show strong daily appreciation and was exchanged at $0.018 (+49.3%). Already in the weekly backlog, the token’s uptick was 150.3% while XTP’s price expansion in the last 30 days was 6,759%.
XTP/USD 30-day chart. Source: CoinMarketCap
As you can see, the rise in XTP coincided with the recent announcement that the GNO token would be available for trading on the Tap Global app. Earlier in the week, XTP and another unknown token surged as much as 4037% in 10 days as whales favored Bitcoin.
A surprise for all night owls! GNO$ Now available to buy and sell #trade Watch his movements! @tweet 💙 @tweet 🦉
All you need to know about it #speculation✨: https://t.co/B1lgS1euTH#GNO #altcoins #altcoin # Every mother # encrypt #existing # Gnoscation # Decentralization #owl #Safe pic.twitter.com/owZjVKIUGW
– Tap (Tap_Fintech) January 16, 2023
What presented itself as a rise in altcoin prices in recent days, was also realized by Ethereum whales’ large appetite for SHIB and two little-known tokens, as well as the ten undervalued cryptocurrencies, as reported by Cointelegraph Brasil.
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