What is the Latest Situation in Altcoins?

The Latest on Altcoins
The Latest on Altcoins

Despite the comments from the FED, cryptocurrencies completed the market positively during the week. Bitcoin He saw over $25 for the first time in a long time. According to senior technical analyst Jim Wyckoff, bitcoin has been reported to be making a profit and seeing a correction. Cryptocurrencies exhibit the best performance of recent months and reach 6-month highs.

Cryptocurrencies have made their investors happy thanks to the price movements in the past days. Especially with the increase in bitcoin, a gain of over 9 percent has been achieved. It is stated that the last high value of bitcoin, the leading cryptocurrency, was achieved on August 15, 2022. Altcoin On the other hand, gains of more than 20 percent have been reported by a few successful individuals, while continuing to follow a generally positive course.

BtcTurk or Binance?

BtcTurk It is Turkey's first cryptocurrency exchange. As the founder of the platform, Krem Tibuk established the platform in 2013 on money trading. The stock market offers various cryptocurrencies for the Turkish lira, and the most popular ones are offered to people. In bitcoin trading BtcTurk There are more than 90 employees for Crypto exchanges, which have been very popular lately, continue to attract attention.

Binance It is a cryptocurrency exchange that has emerged in a different way from China. For those who will step into the cryptocurrency exchange for the first time, about which of these two crypto money exchanges people will invest and trust. Binance should be preferred. Because there are so many types of coins, it can make people smile about the increase.

New Coins to Enter Paribuya

Established on December 11, 2020 kripto Paribu, a stock exchange, gave the good news of 3 new cryptos for users. Paribu is one of the exchanges followed by users who invest continuously. In the money exchange, a new project meaning and a new excitement are experienced for every new year. Newly entered coins also delight their users and are thus offered to many kinds of people. Bitcoin While there has been an increase in the subject, there are new coins that are very useful for people.

Paribu has recently made a statement that it will include AVAX, DOT, MKR coins in the list. With these 3 types of coins, Peribu has added new ones to the list so that people can invest and benefit from buying and selling coins.

Why Altcoins Are Falling

Crypto It is discussed that FTX, the world's third largest money exchange company, received help after asking for help from its rival Binance due to liquidity problems that emphasize the fragile nature of crypto and increase fears. Changpeng Zhao, the co-founder and CEO of Binance, stated in his statement that FTX will be helped and that people will be mobilized so that they are not in a difficult situation. There are a number of situations in the crypto currency exchange that cause decreases in coins and cause decreases. For this reason, people should follow the market well and sell them and not make a loss in this regard. People who have coins in their hands convert it into cash without loss and do not suffer from the fall.

It is extremely necessary for people to take precautions and in this case to remove the coins in their hands, especially in terms of coins that countries are considering to ban. Because when countries ban, all coins are affected and of course in countries where Bitcoin is banned. Altcoin is also prohibited. Therefore, the reasons for the decreases in altcoins can be explained in this way.