This week, there has been a slight price increase across the market. Bitcoin is giving up to use $43,000 as support or resistance. Ethereum is preparing to test the $3,400 resistance once again. Apart from leading cryptos, altcoin projects are also preparing for the second half of January. In this article, let’s list the developments of the week on 22 altcoin projects and take a look at the important announcements scheduled for the coming days.
Here are the prominent altcoin developments of the week
In early news of its altcoin projects, Esporta’s leading fitness center with various equipment, swimming pools and group fitness classes announced that it will add Shiba Inu (SHIB) to its payment methods. Payments can be made with Safemoon, Shiba, Ethereum, USDT and BNB on the platform.
Next up, Solana-based protocol for mutual funds Solrise is appointing Joseph Edwards as its new Head of Financial Strategy. Edwards previously worked with Enigma Securities, a crypto brokerage firm, as Head of Research. With this latest team expansion, Solrise aims to grow and strengthen its ecosystem. Also, Solrise plans to merge the institutional investor with DeFi. Apart from the examples of Solrise Finance and Solrise Pulse, Solrise teamed up with Civic Technologies to launch a DEX platform on the Solana network in September 2021.
YOYOW Token is terminating the ERC-20 contract. The altcoin project, which went to the mainnet on September 6, 2017, announced that it will phase out the ERC-20 token contract in 2019. So far, at least 99.5% of ERC-20 YOYOW tokens have been migrated to the mainnet. In recent developments, YOYOW invites token holders in the 0.05 tranche to trade until February 28. After this date, a 10% commission will be charged for applications. The development resulted in the upside on the YOYOW price as expected.
Popular free education platform Label foundation has announced a strategic partnership with Web 3.0 infrastructure Ankr. Thanks to the partnership, the Label BSC bridge and NFT market are opening up to Ankr nodes.
Altcoin listing news
Global crypto exchange LBank Exchange listed Community Token (COMT) on January 12. For all users of LBank Exchange, the COMT/USDT pair is now officially open for trading. Community Metaverse is an ecosystem built on the principle of a completely community-oriented project.
Flickto (FLICK) is listed on ADAX Centralized Exchange (CEX), the DEX platform of the Cardano ecosystem. FLICK-ADA and FLICK-USDT are officially available for trading on the exchange. Flickto is a Cardano-powered launchpad that aims to build a community for creators and supporters to meet, share ideas, and promote each other’s latest creations.
Using Binance Smart Chain (BSC) technology, DeFi platform LaCucina collaborates with MDEX and Beefy.Finance. In detail, the partnership enables its users to increase their rewards in cryptocurrencies deposited on third-party platforms through LaCucina’s staking program.
Staking announcements of altcoin projects
AXIA Coin (AXC), which describes itself as the world’s first hyper-deflationary cryptocurrency, has launched a staking program that offers users flexible daily rewards. According to the platform, users can earn a maximum return of 192% per year.
whale news
Data from crypto analytics firm Santiment shows that cryptocurrency whales have been quietly accumulating Litecoin (LTC), a cryptocurrency described as “Bitcoin gold versus silver” for the past 15 weeks. On social media, Santiment shared data showing that whale addresses holding between 10,000 and 1 million LTC have accumulated the cryptocurrency for 15 weeks, the longest since 2017, thus stocking 5% of the Litecoin supply. The accumulation comes at the same time Litecoin tumbled to historic lows against BTC, dropping to 0.003 BTC before climbing around 6% over the past few days.
Network metrics
According to comprehensive statistics shared by Polygon researcher Raphael Signal (RaphaelSignal on Twitter), the number of daily active addresses in Poygon (MATIC) increased by 36% in the first week of 2022. Also, in recent days, its total revenue and average transaction cost indicators have more than tripled. The Polygon network thus sets a new record for revenue.
SkyLaunch announced its partnership with Polygon to develop next-generation multi-chain launchpad platforms. As part of this collaboration, the SkyLaunch team received a grant from Polygon to help the project strategize and better position itself in the rapidly evolving Polygon ecosystem. SkyLaunch also notes that the Polygon platform has been widely adopted due to its affordable fees, high transaction speeds and innovative technology.
Low-volume PolySwarm (NCT) has gained more than 372% in the past seven days after receiving support from Coinbase this week. NCT is a threat detection and anti-malware project listed by Coinbase Pro on Wednesday along with Inverse Finance (INV), Liquidity (LQTY), Propy (PRO). At the time of writing, the token is trading at $0.1045, down 20% in the last 24 hours.
NFT news
A rare collectible, Street Fighter Classic NFT, arrives on the WAX platform on January 20, 2022. The series will include 1,000 packages, equivalent to $100 in WAXP tokens. Packs will contain a total of 121 cards of eight different rarities. Collectors have a chance to get the following rare cards:
- Common: 26% – 32%
- Uncommon 17.10%
- Rare A: 8.64% – 10.80%
- Epic: 1.8% – 2.40%
- Legendary: 0.36%
There are 10,000 NFTs in total for the Street Fighter collection as this series contains only 1,000 packs, each containing 10 randomly selected cards. Users must set up a WAX Coud Wallet and have at least $100 in WAXP balance to purchase packages.
In other NFT news, GamesPad NFT is running on OKEx NFT market. The listing took place on January 14, 2022. GamesPad is also known as the “game, NFT and metaverse ecosystem”. Also, their NFTs are valuable and rare limited edition works of art.
cryptocoin.com You can reach the metaverse guides that we have prepared as part-1, part-2 here.
Metaverse coin news
MetaGods has announced a strategic partnership with Blockchain-based P2E action RPG game Dragon Evolution. The partnership brings MetaGods one step closer to facilitating interoperability with GameFi projects in the decentralized technology space.
Gaming hub GameFi has strategically partnered with casual gaming platform GemUni. The partnership will provide an upgraded play-to-play (P2E) version of GemUni casual games. Also, GemUni upcoming IGO, scheduled to take place on January 19th, will be released on GameFi.
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