#Altcoin #market; It is having active days with names such as #Ethereum, #Dogecoin, #SHIBA INU. The total value of the cryptocurrency market is measured at over $ 2.5 trillion *, with the Bitcoin price rising above $ 58,000 again and the ETH price setting a record.
On the one hand, while the total value of the crypto money market is increasing; On the one hand, Bitcoin's market share is shrinking. In the atmosphere where altcoins are gaining strength, 6 altcoin news that we think can be followed this week were about Ethereum, Bitcoin Cash, DASH, Zilliqa, Swipe and SHIB, respectively.
🚨Ethereum (ETH)
Opening price of the week ***: $ 4,123
This week's news: The hackathon for Rayonism will be completed on May 13th .
Why to follow it: #Ethereum developers are showcasing their work to combine ETH 1 and ETH 2.0 under #Rayonism. Organizations such as #Arbitrum, #Optimism, #zkSync organized a hackathon for this, which started on April 12. Hackathon participants from more than $ 200,000 in prizes will be distributed ETH 1 - 2.0 Merger of the ETH with sharding he has been asked to prepare projects for its use. The goal of the Ethereum community is to take advantage of the projects that have been prepared here after May 13 and to start setting up tests involving Merge and Sharding.
🚨Bitcoin Cash (BCH)
Opening price of the week: $ 1,528
News this week: There will be an update on the Bitcoin Cash network on May 15th.
Why to follow: There will be a few changes in the update that will affect the user experience. For example; The queue limit for unapproved transactions will be removed (people will no longer have to wait for a block to be mined for every 50 transactions) and a message will be sent to #BCH nodes in possible double-spend situations . Also, the maximum block size of 8MB will now be the default size (new BCH operators will not have to adjust this setting themselves).
🚨Dash (DASH)
Opening price of the week: $ 424
News this week: The block reward distributed on the #DASH network will be reduced (estimated) on May 16th .
Why to follow it: The block reward given to Bitcoin miners decreases by 50% every 4 years. Using a similar mechanism, DASH , unlike this, is not every 4 years, but approximately every 383 days; It goes to reduce by 1 in 14 (about 7.1%) of the current reward, not by 50%. This year's decrease will occur at block number 1.471.680 .
🚨 #Zilliqa ( #ZIL)
Opening price of the week: $ 0.249
Why follow up: It is stated that the update will be made to "improve the user experience" . During the 1-week transition period that will occur in the meantime, all staking operations , including withdrawal of staking rewards and withdrawal of staking, will stop. It was announced that the accumulated payments will be made after the transition is over.
🚨Swipe (SXP)
Opening price of the week: $ 5.11
This week's news: #Swipe announced that it will share the necessary information about the first IDO to be organized using its own infrastructure on May 12th .
Why follow up: According to Swipe's announcement, the project to be submitted through IDO will be a project that is compatible with both Ethereum and Binance Smart Chain and works on the administration of non-fungible tokens (NFT). It has been announced that the payments at IDO will be made with #SXP and half of the collected SXPs will be burned.
🚨Shiba Inu (SHIB)
Opening price of the week: $ 0.00001405
Why to follow it: The #SHIB, which emerged under the title of 'Dogecoin killer', was listed on exchanges such as Huobi and OKEx last week. SHIB, which was added to KuCoin today in the morning, will be added to Binance, the industry leader in terms of trading volume in the afternoon, and SHIB / USDT will be traded with SHIB / BUSD pairs.