Innovations in the altcoin ecosystem continue unabated. Today, 13 altcoins will see developments such as stock exchange listing, network update, integration and dating. Here are the details…
Today is an important day for 13 altcoins
- Puli (PULI) will hold a joint question and answer event with AiTech.
- Cryptocurrency projects such as Tezos (XTZ), Yield Guild Games (YGG) will attend the Coinfest Asia conference, which will take place in Bali, Indonesia.
- Strip Finance (STRIP) will launch the mainnet.
- BNB (BNB) will hold the Binance P2P question and answer event on the Telegram channel at 15:00 CET.
- Ezcoinmarket (ECM) will perform token burning. 100 million ECM will be out of circulation soon.
- Offshift (XFT) will hold a question and answer event.
- API3 (API3) will hold the question and answer event on Twitter at 18 pm.
- BitMart lists Lox Network (LOX) with USDT pair at TSI 12.
- Dock (DOCK) announced that it will introduce a new product.
- DODO (DODO) will integrate with Fringe Finance (FRIN).
- Biconomy lists Bancor Network (BNT) with USDT pair.
- Ferro (FER) is launching the USDC/USDT liquidity pool at 12 CET.
- Swarm (BZZ) will hold the meeting where they will talk about monthly ecosystem updates.
What is the latest situation in the market?
Bitcoin (BTC) is trading within a corrective pattern and facing resistance at the $22,000 area. Bitcoin has mostly been moving upwards since hitting the local low of $17,622 on June 18. The upward move on July 18 resulted in a break above a descending resistance line that has been present since March. However, BTC failed to sustain its gains and pulled back after hitting a local high of $25,211. Consolidating over $21,000 at the time of writing.
Meanwhile, the news that marked today came from Ethereum. A roadmap has been published on the altcoin project. According to a blog published by the Ethereum Foundation on Thursday, as we reported on cryptokoin.com, the “Bellatrix” upgrade before the Ethereum merger will be activated on September 6, followed by the Ethereum mainnet merge from September 10-20.
“The Merge” aims to shift the Ethereum blockchain from the existing proof-of-work (PoW) mechanism to the proof-of-stake (PoS) model, which is a faster, more energy-efficient and safer way to scale projects. Ethereum has completed a series of work to convert the testnet to PoS and will eventually move the mainnet to PoS. The blog said that the Ethereum mainnet consolidation will happen in two steps, the “Bellatrix” and “Paris” upgrades. The Bellatrix upgrade puts Ethereum’s consensus layer – the Beacon Chain, which introduced the PoS mechanism to Ethereum – in a merging-ready state.
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