While the cryptocurrency market has left behind a volatile week, as it has not seen in a long time, there are innovations in various altcoin projects. In this article, we have compiled the developments that will occur in 7 altcoin projects today and tomorrow. Here are the details…
There are significant developments in 7 altcoins today
- eCash (XEC) will perform a network update tomorrow.
- KRYZA Network (KRN) will launch the beta of KRYZA Media tomorrow.
- Crabada (CRA) will be launching the “battle” mode in its game tomorrow.
- AME Chain (AME) will launch its decentralized wallet application (dApp), AME Wallet.
- AME Chain (AME) will release its block explorer AME Scan.
- From May 15 to 16, the Security Token Summit will take place in New York City.
- SparkPoint (SRK) will release updates for SparkBridge.
The latest situation in the bitcoin and altcoin market
No other word can describe what happened last week better than “massacre”. Bitcoin was hovering close to $40,000 on May 5, before the bears took full control of the market and pushed it downwards. As we reported on Kriptokoin.com , Bitcoin, which fell to $ 26,700 on weekdays, paused again after a short price increase to $ 31,000 yesterday and returned below $ 30,000. As a result, BTC’s market cap has dropped on a daily scale and stands at just over $550 billion.
Altcoins have gone through a similar, if not more violent, roller coaster over the past ten days. Ethereum was close to $3,000 before dropping to a multi-month low of $1,700. However, the second largest crypto has reacted well and touched $2,100 yesterday. Despite pulling back a bit since then, ETH is still hovering above $2,000 as of now. Binance Coin dropped to around $230, hit $300 yesterday and is now trading just below $290 after a minor one-day drop. Cardano and Avalanche fell more than 7 percent in one day, while XRP, Dogecoin, Shiba Inu, and Litecoin are also still on the red board.
