Bitcoin
$75,519
Prices are hovering near all-time highs, and the upcoming US elections have positively impacted cryptocurrencies. The current environment is thrilling for investors, as it also presents a period of opportunity for altcoin teams. The first major announcement has just arrived.
Arkham Exchange
The on-chain wallet tracking platform Arkham is set to launch its own futures exchange. With the strongest upward trend for cryptocurrencies this year already underway, teams are striving for positive differentiation. In our analysis, we mentioned that “we might see major announcements in the coming hours.”
This proved to be accurate, as the Arkham announcement was a timely and significant move for the token’s price to positively differentiate itself. However, this is just the beginning. In the coming hours and days, we will witness numerous partnerships, technical upgrades, and other initiatives. These announcements will likely lead to increased volatility in the relevant altcoins, enabling investors who position themselves correctly at the right time to achieve short-term gains.
ARKM price has experienced a 20% increase following the latest announcement. Meanwhile, BTC continues to linger at $74,300.
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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.