The altcoin market is gearing up to price macroeconomic data from the US and Europe in May. In this post, we’ve covered the upgrade, update, and launch developments scheduled for next week.
These 5 altcoins need close monitoring in May
Phantom (PHM) will integrate into Ethereum and Polygon networks with its upcoming event on May 1. This event strengthens Phantom’s interoperability with other networks. The new feature is scheduled to be available on both iOS and Android devices as of May 1.
VeChain (VET)
Vechain is updating the VechainThor mobile wallet on May 4. Prior to that, the community announced that the mobile wallet will not be available during this period as they are working on the backend elements before releasing the new mobile wallet in Q3. With this update, an increase in the performance and functionality of the VechainThor mobile wallet is expected.
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Solana Labs is gearing up to launch its own crypto smartphone called SAGA on May 8. The new device will be supported by the Android 14 operating system. It will also make the platform even more accessible to users around the world.
SAGA is a crypto device officially introduced by Solana Labs and is the first in the smartphone market. This development caused great excitement among the Solana community and had wide repercussions in the crypto world. cryptocoin.com As we reported, the launch had an impact on the SOL price in March.
Chiliz (CHZ)
CHZ (Chiliz) aims to change the way fans interact with sports teams by offering a native L1 Blockchain for sports fans. In particular, Chiliz Chain 2.0 has a structure that works as a fork of Binance Smart Chain, supports the PoS consensus mechanism and provides shorter block time, lower fees and energy savings.
The network is still compatible with Ethereum and backed by the CHZ token. According to a new announcement, Chiliz will launch L1 Blockchain for sports on May 10. This new technology will radically change how sports fans interact with their favorite teams.
SUI Network
SUI Network allows Layer-1 Blockchain developers to create new experiences on Web3. Now, according to a new announcement, the project’s transition to the mainnet will begin on May 3, 2023. Meanwhile, the platform’s Permanent Testnet introduced users to Turbos Finance’s features and SUI Network’s user experience (UX), while collecting feedback for product improvement.
The move to Mainnet represents an important step in SUI Network’s innovation efforts in the world of Blockchain.
cryptocoin.com We have included the detailed altcoin news feed of May in this article. You can take a look at the Fed meeting, token unlock dates and macroeconomic data to be announced in this article.
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