The cryptocurrency world has had another busy week. In recent days, crypto market is seeing some consolidation. As the total value of the cryptocurrency sector continues to hover over $ 1 trillion, what awaits altcoin investors this week?
2021 brought a market value of $ 1 trillion to the cryptocurrency sector. Record highs for altcoins following Bitcoin.
So, how will this week go for altcoins? In this week of January 18-24, we have compiled news that may be important for the altcoin sector.
DAO Maker (DAO)
DAO Maker is a project aimed at reducing risks of investors while creating growth technologies and financing frameworks for startups.
Gate.io performs IEO (Initial exchange offering) on its exchange for DAO., investors will be able to buy DAO Maker at the $ 0.1 price. 312 thousand Tokens were allocated for IEO.
Ripple (XRP)
XRP is the digital currency that provides payment solutions on RippleNet’s cross-border network.
Cryptocurrency exchange Crypto.com delist XRP on January 19.
Why It Is Important:
The cryptocurrency community is split in two over the SEC’s lawsuit against Ripple. Also Some crypto trading platforms have decided to stop XRP trading in America, although form legal point of view, there is no conclusion from the case yet.
Insured Finance (INFI)
Insured Finance is a decentralized peer-to-peer (P2P) insurance market powered by Polkadot that is secure and promises instant payments.
INFI will be listed on Uniswap on 20 January.
Why It Is Important:
This will be the first exchange listing of Insured finance, one of the notable projects supported by Polkadot.
E-Radix (EXRD)
EXRD is a decentralized financial service designed to meet the needs and requirements of DeFi services.
EXRD will be listed on Bitfinex on January 21.
Why It Is Important:
EXRD, which is currently only listed on Uniswap and Bilaxy and has a market capitalization of $ 50 million, will be listed on the Bitfinex platform with a daily volume of about $ 900 million.
Tomochain (TOMO)
Tomochain is a scalable blockchain that is commercially used by global companies and powered by a proof-of-ownership (PoS) algorithm.
Hard fork takes place for TOMO on January 22.
Why It Is Important:
The “Zorro Network Upgrade” update on the Tomochain network will improve the capabilities and scalability of the network and make it suitable for hosting enterprise applications.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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