New AI cryptocurrency surges 8,500%, and Binance threatens to delist 10 tokens while Bitcoin retreats.
Cryptocurrencies continue uncertainties with the SEC's decision on BTC ETFs as the stock market retreats with approaching employment indicators.
The greed index of cryptocurrency investors declined to 64% on Thursday morning (4), 10% lower than the previous day. The retraction was also evident in the market capitalization, hovering around $1.64 trillion (-5.46%), and in the price of Bitcoin (BTC) tickers down R$215,139, traded around $43,000 (-5.2%) with a 51.2% market dominance. Regarding altcoins, volatility intensified due to inherent project issues, token listings, and delistings, reflecting sharp drops or highs reaching four-digit percentages.
The movement followed market indecision about the approval of Exchange-Traded Funds (ETFs) by the SEC, the US Securities and Exchange Commission, and the release of US employment market-related indicators, which also negatively impacted some of the major stock market indices.
On the positive side of the main altcoins in market capitalization, TIA was priced at $14.01 (+7%), BGB was worth $0.64 (+2.35%), SEI represented $0.76 (+3.1%), BEAM converted to $0.020 (+8.5%), SC was transacted at $0.0074 (+8.8%), PENDLE compared to 1.39 (+8%), MOVR valued at $25.52 (+5.6%), and CHR was traded at $0.25 (+4.4%).
Among the most significant declines in this group, EGLD corresponded to $56.70 (-19.3%), 1000SATS was settled at $0.00064 (-19.3%), THETA paired at $1.16 (-17.9%), LUNC was valued at $0.00011 (-17%), ORDI transformed into $72.76 (-16.4%), MINA attracted $1.27 (-15.3%), and CFX represented $0.17 (-15.7%).
Regarding double-digit percentage increases, AKT was exchanged for $2.68 (+11.7%), POWR was settled at $0.58 (+59.7%), ENS was bought for $14.01 (+34.7%), YGG converted to $0.60 (+20.9%), TNC was quoted at $0.06 (+13.2%), PEOPLE compared to $0.023 (+71%), HONEY was sold for $0.19 (+58.2%), and GOG was valued at $0.17 (+32.1%).
A highlight was the initial listing of Sleepless AI (AI) on several cryptocurrency exchanges, including Bitget and Binance, where the spot trading platform indicated an initial price of $0.03 and a peak price of $2.58 (+8,500%).
Four-hour chart of the AI/USDT pair. Source: Screenshot/Binance
Sleepless AI (AI), which closed around the $1.20 mark at the time of this edition, presents itself as 'an innovative Web3 + AI gaming platform, ingeniously combining artificial intelligence and blockchain technology. Essentially, Sleepless AI aims to revolutionize the gaming industry with its unique approach and its team's extensive experience.'
Also noteworthy was an announcement from Binance including a monitoring tag on 10 tokens 'at risk of no longer meeting our listing criteria and being removed from the platform.' They are: ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC, and ZEN. Conversely, the exchange removed its monitoring tag from GMX and SUSHI.
Amidst the volatility, a cryptocurrency expert pointed out four pessimistic predictions and one optimistic for the cryptocurrency market in 2024, as reported by Cointelegraph Brasil.
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