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Top Altcoin To Follow This Week

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The crypto money market started the new week with a green picture. According to CoinGecko data, the total value of the cryptocurrency market has increased by more than 8% in the last 24 hours to $1.67 trillion. The Bitcoin share in the market is 45.82%. Bitcoin dominance declined to the level of 42% in the past week, and then started to rise again. The total value of the altcoin market is just over $900 million.

No one know, which direction the altcoins will move in the coming days, but Some news this week on Polkadot & Kusama, Zcash, Horizen, SingularityNET, Gitcoin, Polker and SUN might be worth following.

Polkadot and Kusama (DOT and KSM)

News This Week: Kusama will launch its first auction for the Parachain slot on June 15, 12:00 GMT.

Why To Follow: Kusama, known as Polkadot canary network, launched the first parachain on Polkadot under the name Shell a few weeks ago, and later upgraded it to Statemint. This week, an auction will take place within the Kusama community. Projects that want to develop a product in the Kusama and Polkadot ecosystem can get a parachain place through auction. The winner of the auction in Kusama will be announced on June 22.

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Zcash (ZCASH)

News This Week: According to information shared by Zcash, NU5 will be available on the testnet on June 15th.

Why To Follow: NU5, short for Network Upgrade 5, will be implemented on the mainnet in October 2021, according to estimates. This update includes packages such as ZIP-224, ZIP-225, ZIP-244, ZIP-252. The changes will provide the basis for cross-chain integrations and secondary layer (Layer 2) on Zcash Network.

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Horizon (ZEN)

News This week: Horizen team will travel to Shenzhen on June 19 as part of the Chinese Roadshow event.

Why To Follow: Horizen is holding promotional events in several different cities in China to celebrate its 4th anniversary. The first of event was held on May 30 in Hangzhou. Participants in the upcoming event will be informed about Horizen’s current work and future plans and upcoming partnerships.

SingularityNET (AGIX)

News This Week: SingularityDAO will airdrop SDAO to those who meet the requirements with a snapshot on June 18.

Why To Follow: SingularityDAO will distribute 1 million 125 thousand SDAOs in June. Those wishing to participate in the Airdrop by providing liquidity must hold at least 1,000 AGIX in the AGIX/WETH pool on Uniswap before June 18. A snapshot of this pool will be taken on June 18, and the registration process for the airdrop will begin on June 20-23.  Free tokens can be claimed on June 25.

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Gitcoin (GTC)

News This Week: Round 10 of Gitcoin Grants will start on June 16 and run until July 7.

Why To Follow: Gitcoin Grants, an experimental project; It enables people to fund open source projects through donations. In the 9th round of this, a total of around $500,000 was distributed to more than 800 projects. Hackathon unigrants, which will start on June 16, is supported by sponsors such as Aave, Mask Network, The Graph. In addition, Chainlink announced that this time it will participate in the hackathon as a matchmaking partner and will support Ethereum-based projects.

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Polker (PKR)

News This Week: A blockchain-based poker game coin Polker’s token PKR, IDO will launch on June 21 via BSCPAD and TRONPAD.

Why To Follow: PKR is the first blockchain online poker game that uses Unreal Engine 4 for immersive and powerful gameplay while utilizing a provably fair system for truly transparent gameplay. Although Polker’s first decentralized offering will take place on Monday next week, users must whitelist their TRON or BSC addresses before the sale begins.

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Sun (sun)

News This Week: Binance will support the SUN (SUN) token migration & 1:1,000 redenomination plan.

Why To Follow: At 2021-06-09 02:00 (UTC), Binance will suspend SUN/BTC, SUN/USDT isolated margin borrowing. Withdrawal of SUN (BEP20) will be suspended at 2021-06-11 00:00 (UTC). Binance will delist all existing SUN spot trading pairs (SUN/BTC and SUN/USDT) at 2021-06-14 04:00 (UTC). Binance will recover all SUN balances and begin the distribution of new SUN to all eligible users at a ratio of 1 SUN (Old) = 1,000 SUN (New).

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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