Notable developments will take place in two projects in the crypto money markets this week, Electroneum (ETN) and Aergo (AERGO).
The small withdrawal in Bitcoin today has hit some altcoins that have experienced striking price increases in recent days. For example, cryptocurrencies such as Chainlink (LINK), VeChain (VET) and Tezos (XTZ) seem to have diverged from the bullish trend. On the other hand, it is still possible to see significant increases in altcoins with a small market value.
In addition, the momentum in DeFi projects continues. Aave (LEND), Syntetix (SNX) and Ampleforth (AMPL) closed last week with rises of 44 percent, 36 percent and 22 percent, respectively.
Algorand (ALGO), which was included in the review we published last week, was valued by 44 percent.
So, which crypto coins can be watched this week? Here are the highlights at first glance:
In the statement made on Electroneum’s official website last week, it was noted that a new fork will be realized on July 22, and block rewards will be reduced by 75 percent with this fork, and therefore token inflation will decrease from 4% to 1%. Electroneum CEO Richard Ells said, “We are committed to keeping the token inflation rate of ETN below 2 percent, which is much lower than most other cryptocurrencies.” said. Electroneum miners will now receive 400 ETN rewards per block, with a 75 percent reduction in rewards. This was previously 1450 ETNs. In addition, the project team has set up a halving program where block rewards will be halved every four years from now on. Accordingly, the awards will be reduced by 50 percent in 2024 to 200 ETN.
The pricing of the halving that will take place seems to have been experienced to some extent. Last week, the price of ETN rose by 21 percent. It is still worth watching.
An open source corporate blockchain platform, Aergo is in preparation for an important development called “Chronos”. The price of AERGO has made a significant leap, while it was not given any secret about the subject announced on July 17. Cryptocurrency has signed a 100 percent increase starting from July 17. Official and detailed explanation will come this week.