Binance Updates: CAT dey soar and altcoins dey dip; Shibarium transaction surge dey happen as market dey fluctuate
Cryptocurrency market don recently experience some significant movements after Binance introduce di 1000CATUSDT perpetual contracts, wey make Simon's Cat (CAT) price rise by 65%. At di same time, Bitcoin see some decline, e drop below $65,500 before e recover go $67,200, wey as e be, e mark 10% rise over two weeks. Meanwhile, Binance wey remove some altcoins like IDRT, KP3R, OOKI, and UNFI, make dem tokens drop by 40%. Plus, Shibarium, wey be Shiba Inu second layer blockchain, see significant increase for daily transactions, from 1.77 million to 3.24 million, even though SHIB price drop 2% for di week. Analysts dey suggest say Bitcoin and Ethereum fit remain for tight trading ranges unless dem key resistance levels break.
Neutral
Di recent introduction of CATUSDT contracts and di delisting of some altcoins by Binance don lead to different impact for di market. While di CAT token see significant surge, some altcoins don experience sharp decline. Di volatility wey dey go around Bitcoin dey indicate potential fluctuations, but overall, di market seem to dey in balance state, as e be say di stance be neutral. Factors like di increase in transaction volumes for Shibarium and di unchanged trends for major cryptocurrencies like Bitcoin and Ethereum suggest say traders suppose remain cautious and vigilant about di potential future movements, without any significant directional bias for di short term.