Binance-listed 4 major altcoin projects lead the green board with news of new investments, partnerships, network upgrades and hard forks. The details of the hot developments that activate the altcoin market are as follows…
Partnership of Zcash (ZEC) and Namada (NAM)
It has been revealed that privacy-focused altcoin project Zcash (ZEC) may soon integrate with Namada (NAM), a next-generation stake-of-stake (PoS) platform for blockchain-independent privacy. According to the suggestion shared by @cwgoes on the Zcash (ZEC) community forum, the two projects could enter into a strategic partnership.
ZEC price is moving up more than 6% at the time of the news. With the recent momentum, it started using the $40 resistance level as support.
Dogecoin is on the rise with Twitter news
cryptocoin.com As we reported, Dogecoin (DOGE) is up nearly 6% in less than an hour after the news emerged that Twitter would allow crypto payments. The leading meme had gained about 35% in the last week after changing the Twitter phenomenon. The latest Twitter move has now only had an impact of over 5%.
The daily chart records prominent green candles, with two Twitter news popping up on April 3 and 13. The rally on April 3 helped the price break the $0.1 resistance.
FTM is trending in altcoins this week, here are the catalysts behind it
There have been many announcements regarding the Phantom (FTM) protocol on crypto Twitter this week. Whether or not this signals great appreciation of the network, the positive impact is currently being felt in the price action. FTM price has been in a steady move this week, up 5.66% in the last 24 hours to $0.519. At the time of writing, he was returning some of his earnings.
An in-depth look at the current activities of the phantom ecosystem shows that the protocol has drawn an impressive growth curve relative to its key offerings. According to data released by Wiggle Insights earlier this week, Fantom ranked high among other protocols, including Optimism (OP), Internet Computer (ICP), and Arbitrum (ARB), for revenue-generating milestone.
With the new momentum it has achieved this year, Phantom has gained more than 162% in value since the beginning of the year.
This altcoin skyrocketed in double digits with token burn news
The price of KLAY (Klaytn) broke the $0.26 mark, up over 8% on the intraday. The price rally comes during the Hong Kong Web3 Summit, attended by Binance CEO CZ and industry players. Klaytn made a presentation at the conference today on “The Proof-of-Stake mechanism and how node validators work.”
In another rally catalyst, the Klaytn team announced that it will perform a hard fork upgrade around 19:01 on April 16, based on the recently accepted KGP-6 bid. At the same time, approximately 5.28 billion KLAY (about 1.3 billion USD) will be burned, which constitutes approximately 50% of the Total supply.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.