The total value of the cryptocurrency market has dropped from over $ 2 trillion to less than $ 1.5 trillion since last week. Many altcoins, which broke price records in the past weeks, lost value with Bitcoin. For some of them, significant developments may occur in the coming days.
According to the BTC.D Index, the dominance of Bitcoin fell below 40% for a short time last week, but then started to rise again. The dominance rate, which rose above 48% on Sunday and entered the new week with 46.15%, has not been this high since the beginning of this month.
Although it is not known how altcoins will perform against Bitcoin and / or fiat currency in the coming days, news about Ripple, Cardano, NEO, IOTA, Holo, Pundi X and Swipe may be worth watching this week.
Ripple (XRP)
Opening price of the week: $ 0.807
This week's news: Ripple and SEC lawyers are expected to submit several different documents to the court during the week.
Why follow up: Firstly, Ripple is expected to respond by May 25 to the document submitted by the SEC last week to hold a conference. The SEC will then respond to Ripple's latest brief on XRP's claim that it has not been sufficiently enlightened in the past by May 27. Ripple's document to be submitted by May 25 is expected to be responded on Friday at the latest.
Cardano (ADA)
Opening price of the week: $ 1.37
News this week: The test network developed for the Alonzo hard fork is scheduled to open by the end of the month.
Why to follow it: Cardano will be able to start using smart contract technology with the Alonzo fork, which is expected to be launched in the summer. Contracts in Cardano will be created using a programming language called Haskell. Fork is called "Alonzo" because Haskell is based on the work of a mathematician named Alonzo Church. The smart contract platform called 'Plutus' is expected to compete with Ethereum.
Neo (NEO)
Opening price of the week: $ 43.73
News this week: Planathon, the first phase of Neo Frontier Launchpad, will start on May 24 and continue until June 7.
Why to follow: Frontier Launchpad, which will continue until July, is organized to encourage people to use N3, the most up-to-date version of the Neo blockchain. In the 2-stage event, a total of $ 100,000 worth of prizes will be distributed to entrepreneurs who develop N3-based applications.
IOTA (MIOTA)
Opening price of the week: $ 0.936
News this week: IOTA Standards Coordinator Mike Bennett will give a speech at the Blockchain Ireland event, which will be held between 15:00 and 16:00 Turkey time on May 27.
Why to watch it: With over 20 years of experience in the financial industry, Bennett will meet with David Saul and Dáire Lawlor. You can register for the event free of charge from Zoom.
Holo (HOT)
Opening price of the week: $ 0.0062
News this week: Holo founders will be holding an "Ask Me Whatever" (AMA) event on May 25 at 7:00 pm Turkish time.
Why to follow it: Tomorrow's two founding partners, Eric Harris-Braun and Arthur Brock, and Holo Commercial Director David Atkinson will attend the event. During the event, questions about Holo's current technical work are expected to be asked.
Pundi X (PUNDIX)
Opening price of the week: $ 1.31
This week's news: Pundi X is expected to share its roadmap for the third quarter of this year this month.
Why to follow it: Pundi X ensured the integration of XPOS with companies such as Verifone, Ingenico, PAX in the last quarter. What is planned for the third quarter, from July 1 to September 30, has not yet been announced.
Swipe (SXP)
Opening price of the week: $ 1.74
This week's news: Swipe will publish SwipeChain's whitepaper on May 30th.
Why to follow it: Thanks to Swipechain, which will be part of the Swipe Network, swap transactions can be made between different blockchains via Swipe Swap. The mission of the project is to make it easy to trade between different blockchains. The test net is scheduled to open on July 6, one month after the whitepaper.