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Latest cryptocurrency news > Cryptocurrency > Cryptocurrency Exchange Gains and Altcoin Updates
Cryptocurrency

Cryptocurrency Exchange Gains and Altcoin Updates

BH NEWS
Last updated: 17 December 2023 13:18
BH NEWS 2 years ago
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Binance, the largest cryptocurrency exchange by volume, was the platform that made the biggest gains during the preparation of the article. WLD, STORJ, MAV, ICP, and ARKM Coin continued the day with double-digit gains, while the leading cryptocurrency could not surpass the $42,000 threshold. About an hour after the last attempt, its value fell back to around $41,800.

Altcoin WLD, which was around 3 dollars yesterday, has risen significantly today. Sam Altman, the CEO of OpenAI and the manager of the world’s largest artificial intelligence company, is seen as a great opportunity for WLD Coin investors. Altman, who has enough authority to change the board of directors, is a very important figure.

Signals of a new investment round for Worldcoin and the importance of this crypto project for identity verification in an AI-dominated future have triggered its rise. The altcoin, which is approaching its All-Time High (ATH) level, could make a new peak above $5.3 if it can maintain its momentum.

For STORJ Coin, two whales transferred tokens worth $20 million from the exchanges Binance and OKX. This movement triggered a price increase. If Storj Coin can close above $1.02, it might make a breakthrough towards peaks above $2. However, the four-hour selling candle formed while this article was being prepared could bring the price back down to the $0.92 area if BTC continues to fall.

MAV Coin was one of the altcoins that showed the most increase on Binance, reaching the threshold of $0.4. If closures above $0.377 continue, the price will break out of the narrow range and pave the way for new peaks. Closures above $0.41 could start a journey towards $0.56 and then towards the ATH area. The historical peak was recorded at $1.98 on Binance.

ICP Coin dropped back to $10 after surpassing $2815. The narrative of the ICP Coin team, which entered every exchange at the same time with an impressive marketing strategy, did not match reality and resulted in major sales and a price crash. The price is still well below the ATH level. The price needs to see closures above $11.7 to at least return to the $50 levels. If successful, the rally could extend up to $23.5.

ARKM Coin tried to surpass $0.57 again but failed. If investors want to see a real rally, the price needs to make daily closures above this region. After that, it can reach targets like $0.72 and $1. If the opposite scenario occurs, we may see a drop to $0.45.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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