MUBARAK Jumps 52% in 24 Hours; MARSCOIN and FORM Also Rise More Than 20%
Summary
- MUBARAK was reported trading at $0.068 after surging 52% over the past 24 hours.
- MARSCOIN rose 23.61% in 24 hours after breaking above $0.12, while FORM gained 22% over the same period.
- As Bitcoin rebounded to around $86,000, the altcoin cycle was seen shifting from Bitcoin season to altcoin season.
Forecast Trend Report by Period
Buying spread across the broader altcoin market as Bitcoin rebounded, pushing some tokens including MUBARAK to double-digit gains.
Cryptocurrency outlet Odaily reported on September 22 that MUBARAK had climbed above $0.06 and was trading at $0.068. The token was up 52% over the past 24 hours.
MARSCOIN also rose above $0.12, gaining 23.61% over the same period. FORM posted a short-term rebound and advanced 22%.
Bitcoin recently rebounded to around $86,000, with risk appetite appearing to spread into altcoins. Glassnode said that day that altcoin-cycle signals had shifted from Bitcoin season to altcoin season, adding that unlike in August, the latest rise was lifting the broader altcoin market together.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.