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Altcoins today: CROSS, ECHO rally amid trading competition; SharpLink becomes top corporate ETH holder

  • CROSS and ECHO surged over 50% amidst a general market decline fueled by the Binance Alpha trading competition.
  • SharpLink emerged as the biggest corporate holder of Ethereum, owning over 280,000 ETH assets, after acquiring 74,656 ETH worth around $213 million.
  • Binance Alpha initiated a trading competition involving tokens like MemeCore, Infinity Ground, Echo Protocol, MEET48, and CROSS, which led to increased trading volumes and price hikes for CROSS and ECHO.
  • While the global crypto market cap dipped by 3% to $3.69 trillion, Ethereum surged past $3,000 and analysts predict a further rise towards the $3,500 level, with some anticipating a jump to $5,000 in the coming months.

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