9 Altcoins To Follow This Week

While there have been significant movements in altcoins with the fluctuation in Bitcoin recently, what awaits investors this week?

While the cryptocurrency market has been fluctuating with successive positive and negative news, we have compiled altcoins for you this week that investors can follow closely. Here are 9 altcoins you to follow this week.. The market has lost nearly 7 percent of its value with the news of the imposition of sanctions on miners in Sichuan. According to CoinGecko, the total value of cryptocurrencies fell below $1.5 trillion for the first time in almost a month. Bitcoin dominance remains above 45% during the current market recession. It is not yet known in which direction the altcoin market will move until the end of the week. On the other hand, the attention of those who follow the market may be turned to the news about Ethereum, Binance Coin, Tron, PancakeSwap, Kusama, Elrond, IOST, Mina Protocol and Spartan Protocol.

1- Ethereum (ETH)

Ethereum developers will start implementing the London update on the testnet called Ropsten on June 24. The London package contains 5 Ethereum Improvement Proposals and they consist of 1559, 3198, 3529, 3541 and 3554. There may be a radical change in Ethereum's transaction fee mechanism and long-term economic policy.

2- Binance Coin (BNB)

Binance is preparing to open its platform for NFT on June 24. On the platform known as Binance NFT Marketplace, NFT collections can be exchanged. From visual arts to the game industry on the platform; It has been reported that there will be content in many different fields from music to sports.

3- Tron (TRX)

Tron CEO Justin Sun organized the “Ask Me Anything” event today. It is thought that Justin Sun will largely answer questions about the JustLend and JustSwap mining, which will start on June 11 and continue until July 9. The event will be watched on Tron's own Telegram group.

4- PancakeSwap (CAKE)

PancekeSwap is opening a new pool for an entertainment platform called Decentral Games (DG) today. DG tokens will be awarded as a reward to those who CAKE stakes in the said pool. It has been reported that each user can stake a maximum of 100 CAKEs per person in the first 48 hours, and this limit will be lifted after the 48 hours expire. It has been learned that the pool will remain open until August 20.

5- Kusama (KSM)

The first auction for parachains in Kusama will end on Tuesday, June 22. Projects that want to use parachain in Kusama have been fighting each other fiercely to get this place since June 15, when the auction started. The auction will end at 12:00 on Tuesday and the winner will be announced at 14:00. The second auction is expected to start again on June 22 at 15:00.

6- Elrond (EGLD)

Elrond Network CEO Benjamin Mincu  made a statement and stated that Maiar DEX’s testnet will be put into use this week. Maiar DEX, a decentralized stock exchange & automated market maker, is expected to directly drive the growth of the Elrond ecosystem. The exchange will also have its own token under the name of MEX.

7- IOST (IOST)

Revival will be launched on the IOST blockchain on Wednesday, June 23. It is stated that Revival, a marketplace designed for NFTs, will provide an advantage to NFT users in terms of transaction fee and speed.

8- Mina Protocol (MINA)

A virtual event will be held for the Mina Protocol community on June 25 at 21:00 CET. In this event, information will be given on Mina Protocol's ecosystem, grant programs and the products it uses.

9- Spartan Protocol (SPARTA)

Binance will make an update for the Spartan Protocol, which makes changes to the smart contract. It has been reported that investors holding SPARTA v1 on the exchange will be distributed SPARTA v2 at a ratio of 1:1 on June 22. After the completion of the update, Spartan Protocol v1 support will end.