Bitcoin’s Pause Sparks Altcoin Ambitions for Growth

The introduction of Bitcoin exchange-traded funds (ETFs) in January did not elevate crypto prices, as attention was diverted to the withdrawals from the Grayscale Bitcoin Trust (GBTC), overshadowing the net contributions to other ETFs. This trend suggests crypto traders were eager to capitalize on the news by liquidating their holdings for a profit.

On the brighter side, the managed to swiftly recover above the $40,000 mark, underscoring ongoing investor interest at lower price points. The strategy of purchasing during price dips and selling during rallies could result in Bitcoin fluctuating within a certain range in the near term. Looking ahead, the upcoming Bitcoin halving in April stands as a significant event that could influence its value.

As of the latest data, the global crypto market capitalization has experienced an increase of 1.05%, settling at $1.66 trillion. However, the total market volume has witnessed a 3.05% decrease over the last 24 hours, reaching $43.2 billion. Bitcoin, the flagship cryptocurrency, is currently valued at $43,203, reflecting a 1.43% increase within the same period. Let’s get a thorough overview, encompassing global market dynamics and the individual performances of key tokens.

JasmyCoin (JASMY)

JasmyCoin operates as a utility token within the Ethereum blockchain, functioning as an ERC-20 token essential for sustaining the Jasmy network. Serving as the exclusive currency of the Jasmy network, the primary purpose of the token is to facilitate payments for personal data obtained from Internet of Things (IoT) devices. Users can utilize JASMY for purchasing products on the platform and safeguarding information. JasmyCoin provides users with access to data stored within the network.

The current price of JasmyCoin is $0.00525, with a 24-hour trading volume reaching $69.45 million. Over the last 24 hours, JasmyCoin has experienced a slight increase of 0.51%. It holds the #171 rank on CoinMarketCap, boasting a market cap of $258.84 million. With a circulating supply of 49,299,999,677 JASMY coins and a maximum supply capped at 50,000,000,000 JASMY coins, the coin is positioned for potential momentum, according to Jasmy coin price prediction.

SHPING (SHPING)

Shping coin is the driving force behind SHPING, an innovative shopping and rewards platform that utilizes cryptocurrency to foster connections between brands and consumers. Users are incentivized through the SHPING Coin for their engagement and informed purchasing decisions. This digital cryptocurrency transforms conventional shopping experiences into a tokenized economy, where consumers are rewarded for their interactions and engagement with brands.

The current SHPING coin price stands at $0.003713, accompanied by a 24-hour trading volume of $103,220. Over the past day, SHPING has seen a rise of 0.72%. It holds the #1008 rank on CoinMarketCap, showcasing a live market cap of $8.49 million. With a circulating supply of 2,286,791,464 SHPING coins and a maximum supply capped at 10,000,000,000 SHPING coins, the crypto has the potential to get momentum in the long term.

Enjin Coin (ENJ)

Enjin Coin is a project under the umbrella of Enjin, a company offering an ecosystem of interconnected, blockchain-based gaming products. Enjin Network, the flagship offering, is a social gaming platform enabling users to create websites, clans, chat, and operate virtual item stores. Game developers can tokenize in-game items on the Ethereum blockchain through Enjin, using

as an ERC-20 token to back digital assets issued on the platform. This allows items to be bought, sold, and traded with real-world value.

The current price of Enjin Coin is $0.2773, with a 24-hour trading volume reaching $8,607,245. Over the last 24 hours, Enjin Coin has experienced a positive movement of 0.61%. It holds the #131 rank on CoinMarketCap, featuring a live market cap of $382,661,387. With a circulating supply of 1,379,841,766 ENJ coins and an undisclosed maximum supply, the Enjin Coin price prediction indicates potential upward movement for the currency this year.

Filecoin (FIL)

FIL serves as the native currency of Filecoin, fueling the entire network and supporting all associated processes. Transactions on the network are conducted using

tokens, while miners utilize FIL as collateral to ensure the reliability of their services. The developers assert that Filecoin effectively addresses the challenges of inefficient file storage and retrieval. Through its core development and the InterPlanetary File System (IPFS), customers can access efficient solutions and tools for managing their data.

The current price of Filecoin stands at $5.02, backed by a 24-hour trading volume of $81,960,862. Over the past 24 hours, Filecoin has seen a positive uptick of 1.21%. It secures the #34 rank on CoinMarketCap, displaying a live market cap of $2,540,083,271. With a circulating supply of 492,676,453 FIL coins and an unspecified maximum supply, Filecoin price prediction suggests promising potential for the coin.

Pepe (PEPE)

PEPE, a deflationary memecoin launched on the Ethereum blockchain, pays homage to the Pepe the Frog internet meme created by Matt Furie, which gained popularity in the early 2000s. Capitalizing on the success of meme coins like Shiba Inu and Dogecoin, PEPE aspires to establish itself as a leading meme-based cryptocurrency. The project differentiates itself by adopting a no-tax policy and openly acknowledging its lack of utility, maintaining simplicity and purity as a memecoin within the cryptocurrency community.

The current Pepe price registers at $0.0000009055, accompanied by a declining 24-hour trading volume of $70.06 million. Pepe has demonstrated a decrease of 1.24% in the last 24 hours, securing its position at #132 on CoinMarketCap with a live market cap of $380.56 million. The circulating supply stands at 420,689,899,999,995 PEPE coins, with a maximum supply capped at 420,690,000,000,000 PEPE coins. According to Pepe coin price prediction, the coin is anticipated to experience bullish trends in 2024.

Amp (AMP)

Amp operates as an open-source, decentralized protocol that offers collateral as a service. Positioned as the new digital collateral token, Amp provides instant and verifiable assurances for various value transfers. The entire Amp ecosystem is characterized by its open-source and decentralized nature, distributing risk to users through smart contracts. This approach allows customers to seamlessly integrate value transfer and assets while providing insurance against fraudulent activities and potential losses, with the Flexa network and the AMP token acting as safeguards for buyers and sellers.

The current price of Amp stands at $0.003477, accompanied by a 24-hour trading volume amounting to $4,509,083. Over the past 24 hours, Amp has experienced an increase of 0.25%, holding the #278 position on CoinMarketCap with a live market cap of $146,672,406. The circulating supply of Amp coins is 42,227,702,186, and the maximum supply is capped at 99,444,125,026. According to the AMP crypto price prediction, there is an expectation of bullish momentum.

Wrapped LUNA Classic (WLUNC)

Wrapped LUNA Classic is an Ethereum-based token designed to represent Terra (LUNA) on the Ethereum blockchain. It is important to note that WLUNC is distinct from the LUNA Classic token. Operating as an ERC-20 token, WLUNC is created to mirror the value of the LUNA Classic token within the Ethereum ecosystem.

The current price of Wrapped LUNA Classic is $0.00005812, accompanied by a 24-hour trading volume of $14,125. Over the past 24 hours, Wrapped LUNA Classic has seen a positive movement of 8.95%. Positioned at #4545 on CoinMarketCap, the live market cap is not available, and the circulating supply is also undisclosed, with a maximum supply capped at 5,183,893 WLUNC coins. The Wrapped Luna price prediction indicates potential momentum in the future.

Conclusion

Overall, the crypto market has traversed a complex landscape marked by Bitcoin’s stabilization and a surge in altcoin activities. Despite the lukewarm response to the introduction of Bitcoin ETFs, which failed to significantly uplift market prices due to a focus on outflows from the Grayscale Bitcoin Trust, the resilience of Bitcoin above the crucial $40,000 threshold underscores a sustained investor interest, particularly at lower price points. This resilience, coupled with the anticipatory buzz around the forthcoming Bitcoin halving event in April, hints at a market teeming with potential catalysts.