Bitcoin started this week in a negative way, But Under the leadership of Ethereum (ETH), DeFi projects in particular began the week with positive momentum.
We compiled five most important developments in altcoins this week.
The rise in Bitcoin price was followed by a correction of almost $10k, and now Bitcoin seem to be consolidating.
The total value of the cryptocurrency market has risen again to over $1 trillion with the Ethereum reaching record high price of $1450 and the rise of DeFi tokens prices.
Some significant developments in altcoins this week are:
Enjin Coin (ENJ) – January 26
Enjin Coin provides an ecosystem of interconnected blockchain-based gaming products.
ENJ will be listed on the Coincheck exchange on January 26.
Why It Is Important:
With this listing, ENJ becomes the first gaming token used in Japan with strict regulations.
MapsMe (MAPS) – January 26
Maps app provide worldwide maps, it’s you travel companion and has its crypto coin MAPS.
on January 26, the initial exchange offering (IEO) for MAPS token will take place on Bitmax, FTX and Serum platforms.
Why it matters:
A total of 2 million MAPS tokens are allocated for MAPS IEO, and the highest bidder will be eligible to receive the token.
Verge (XVG) – January 26
Verge is a privacy-oriented blockchain that aims to provide a decentralized payment network that is fast and efficient.
Halving is taking place in the 4.7 million block for the Verge.
Why it matters:
XVG block rewards will be halved with verge halving. For XVG, the reward received per block will fall from 200 to 100.
Filecoin (FIL) – January 29
Filecoin is a decentralized storage project aimed at” storing humanity’s most important information“.
The Filecoin Launchpad demo is released on January 29.
Why it matters:
The Demo will give users the opportunity to explore product samples from 13 teams around the world, early investment in the WEB3 ecosystem, and the possibilities of ETH–FIL bridges.
Elrond (EGLD) – January 31
Elrond, is a technology ecosystem for fintech, DeFi and the Internet of Things, it is a blockchain protocol aimed at delivering fast transactions using the sharding system.
Elrond will release the Maiar wallet on January 31.
Maiar is being released by Elrond as a digital wallet app that offers payment, investment and passive earnings services for IOS and Android devices.
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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