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Home » Bitcoin Leads Surge, Breaking $46k Mark; All Top 10 Cryptocurrencies Welcome Bullish Spring Market
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Bitcoin Leads Surge, Breaking $46k Mark; All Top 10 Cryptocurrencies Welcome Bullish Spring Market

Feb. 9, 2024No Comments3 Mins Read
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Bitcoin Leads Surge, Breaking $46k Mark; All Top 10 Cryptocurrencies Welcome Bullish Spring Market
Bitcoin Leads Surge, Breaking $46k Mark; All Top 10 Cryptocurrencies Welcome Bullish Spring Market
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Bitcoin rose more than 3% today, breaking through $46,000. The top ten cryptocurrencies have all experienced an upward trend, and the on-chain NFT project Pandora has also attracted market funds, with prices reaching $30,000.

Table of Contents:
Toggle
All Top Ten Cryptocurrencies Are Rising
Hot Projects
Pandora: The First NFT Minted on Uniswap
EigenLayer: Open-ended Staking
Pixels: Binance Launchpool Mining

Today, the cryptocurrency market has experienced a bullish trend during the Chinese New Year, with BTC, BNB, and ADA all rising more than 3% in a single day.

The top ten cryptocurrencies have all shown an upward trend in the past seven days, with BTC leading the way with a 7% increase. This morning, the price broke through $46,000, reaching a new high in nearly a month and approaching the historical high of $48,600, which was close to the high point of the past two years.

Market Analysis on 09/02/2024:
Reviewing analysts’ statements: If Bitcoin breaks through $43,839 in the near future, it may quickly rise to $48,000.
(10x Research: Bitcoin’s explosive surge will start within a few days and reach $52,000 in mid-March.)

Recently, an experimental token standard called ERC404 has emerged in the market. It binds NFTs with tokens to increase the composability of NFTs. For example, Uniswap’s liquidity pool can serve as a trading market for NFTs.
(How does the Pandora avatar project bring NFTs into Uniswap’s trading pool using ERC404?)

The first NFT project based on this standard, Pandora, has risen more than 60 times since its launch earlier this month. The current price of the token PANDORA is approximately $30,000.

The staking project EigenLayer announced the removal of the staking limit for all liquidity pools. All LST pools can now accept more than 200,000 staking tokens.
(EigenLayer lifts staking limits for all pools and reopens the staking window.)

The staking window has now reopened, attracting a large amount of market capital inflow. The current Total Value Locked (TVL) has exceeded $5.5 billion, surpassing Uniswap to become the fifth-largest protocol.

Pixels, a social blockchain game in the Ronin ecosystem, will launch staking mining on Binance Launchpool. The staking period is from today until 2/19 Taiwan time, and the in-game token BERRY has already risen by 200%.
(Binance Launchpool’s new project Pixels allows staking for ten days to earn PIXEL tokens.)

BTC
EigenLayer
Pandora
Pixels

Further Reading:
EigenLayer reopens staking until February 9th, TVL exceeds $3 billion
Introduction to LRT staking project Puffer Finance: Marketing activities ahead of the mainnet launch!

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