The cryptocurrency market has entered this week largely on the axis of the record set by Ethereum (ETH). As the Bitcoin price recovered and the altcoin market grew, the total value of cryptocurrencies exceeded $ 2.38 trillion, according to CoinGecko.
Bitcoin’s market share in the cryptocurrency market is below 50% * this week, as it did last week.
While altcoins have started to come to the fore, the news of 7 altcoins that we think can be followed during this week were about Uniswap, Stellar, Tron, Cosmos, Syscoin, My Neighbor Alice and Student Coin, respectively.
Opening price of the week: $ 0.566
This week’s news: Stellar will go for an update on its test network on May 4th.
Why to follow: The Stellar team made an announcement at the end of April and announced the transition to Protocol 17. The update, which will be actively tested for about 1 month, will be voted on by the validators on June 1.
Opening price of the week : $ 23.28
This week’s news: Cosmos will launch the trading tournament at Gravity DEX on May 4th.
Why to follow: A total of $ 200,000 ATOM will be distributed to the winners in the event that will last until May 11. Gravity DEX, which uses the Inter-Blockchain Communication (IBC) protocol, is still in the testing phase. This week’s event will serve as a pre-launch rehearsal for Gravity DEX.
Opening price of the week : $ 44.70
This week’s news: Uniswap is preparing to switch to v3 on May 5th.
Why to follow: Uniswap v3 will bring features such as liquidity concentration and multiple transaction fee tiers are expected to make capital usage up to 4,000 times more efficient. Uniswap’s founder, Hayden Adams, said in his post on Sunday that the update will include a “surprise feature”.
Opening price of the week : $ 0.13
This week’s news: Tron announced that the third phase of Century Mining will start on May 3 at 4:00 p.m. and continue until June 7.
Why to follow: Within the scope of Century Mining, one cryptocurrency can be staked and purchased five different cryptocurrencies. The third leg of the event will start on Monday on the SUN, JustLend and JustSwap platforms. Participants will be able to receive Tron (TRX), BitTorrent Token (BTT), JUST (JST), SUN and WINk (WIN) as rewards.
Opening price of the week: $ 0.592
This week’s news: Syscoin will make an announcement on May 6 at 18:00 Turkish time.
Why to follow: Blockchain Foundry and Syscoin Foundation launched the Syscoin LUX version on May 1 to establish a non-fungible token (NFT) infrastructure. Syscoin posted a message 2 days before that, saying, “Watch out for May 6. We will make one of our biggest announcements this year. ” found in the description.
My Neighbor Alice (ALICE)
Opening price of the week: $ 17.45
This week’s news: My Neighbor Alice has announced that digital “terrains” will go on sale this week.
Why to watch it: The event in My Neighbor Alice was scheduled to start last week. However, the team said that more “tests and inspections” needed to be done and postponed the date to 8 May at the latest. Those who wish will be able to stake ALICE on the platform that is expected to open this week and purchase digital land in the following days.
Student Coin (STC)
Opening price of the week: $ 0.0408
This week’s news: Student Coin holders will begin withdrawing their tokens on Launchpad on May 9.
Why to follow it: People who have invested in Student Coin via Launchpad are not yet able to transfer their STCs here to different wallets. The STC team announced that these transactions will begin on May 9 and plans for May will be shared in more detail.
* BTC.D chart, TradingView.
** Listed according to market value.