As we prepare for a new week, important altcoin developments are in the focus of investors. In this article, we will touch on six altcoins that may be on the agenda next week. Here are the details…
The first altcoin on the list: Arbitrum
Ethereum (ETH) layer-2 network Arbitrum is preparing to airdrop its tokens to users next week. The airdrop of ARB tokens is expected to occur on March 23. Blockchain analytics firm Nansen said that 625,143 addresses are eligible for the ARB token airdrop. The firm added that the average airdrop size is 1,250 ARB, while more than 4,400 addresses can request 10,250 ARBs. Meanwhile, some users have complained, claiming that they have been “excluded” from the airdrop despite meeting the criteria.
Crypto exchanges such as Huobi, MEXC, Bitrue, and ByBit announced that they will list the token on March 23. As it is known, the launch of Arbitrum has been expected for a very long time. Therefore, it would not be surprising that Arbitrum is on the agenda next week.
GMX launches its new product
Secondly, GMX will launch its “synthetics” feature next week. cryptocoin.com As we reported, the GMX token has seen groundbreaking rallies this year. Historical data shows that the token closes the year 2022 at $41.57. The price rally became evident when it bounced back to $45.17 on January 10 and continued to rise above $50. Although GMX faced pullbacks, it managed to climb above $60 and hasn’t looked back since. At the time of writing, the coin is trading at $80.08.
The launch of the V2 version of Radiant will be this week
Arbitrum-based decentralized finance (DeFi) protocol Radiant will release version 2 (v2) earlier this week as part of a broader plan that developers say will eventually help make Radiant the “most profitable” protocol in the industry.
Curve Finance will launch crvUSD this week
Curve founder Michael Egorov had hinted at the possibility of launching crvUSD in late 2022. Months later, crvUSD looks set to hit the market. Earlier, Egorov explained that an overcollateralized stablecoin (a type of decentralized stablecoin such as Dai that is backed using an over-reserve collateral design) is on the way. This week, crvUSD is expected to enter the markets.
Aave’s GHO stablecoin hits the markets this week
On the other hand, Aave Companies, the developer behind the Aave DeFi project, is releasing the protocol’s native stablecoin called GHO this week. Aave launched the GHO on the Goerli testnet in February.
New version of Starknet goes live
Finally, in the coming days, the new version of Starknet will be released next week. According to a community post, the decentralized autonomous organization (DAO) arm of Ethereum scaling system Starkware has completed its first governance vote for the protocol upgrade called Starknet Alpha v0.11.0.
