No matter how much the cryptocurrency market loses value, Blockchain and crypto projects never sleep. Let’s take a look at 2 altcoin projects that will be particularly interesting to follow in the next 7 days, thanks to future developments.
The upcoming Kava 10 upgrade represents a big leap forward for the altcoin
Kava (KAVA), a Blockchain platform focused on DeFi applications. On May 10, Kava 10 is released, one of the most significant upgrades in the history of the Kava project. The upgrade will include the launch of Kava Network, a layer 1 blockchain platform that supports the Ethereum Virtual Machine (EVM) while delivering the interoperability offered by the Cosmos SDK. The previous Kava Blockchain will evolve into a Cosmos Co-Chain on the new Kava network and will be combined with an Ethereum Co-Chain. The two Blockchains will have strong interoperability with each other, giving both users and developers a lot of flexibility. The network will use the Tendermint consensus engine. You can find the details in the following Medium article.
Why Dogecoin? Elon Musk’s Twitter acquisition deal revived interest in DOGE
Dogecoin (DOGE), a cryptocurrency released in 2013 as a parody of the speculation surrounding Bitcoin and other cryptocurrencies. It uses the same Proof-of-Work algorithm as Litecoin and allows miners to “merge mine” both Dogecoin and Litecoin at the same time.
Tesla and SpaceX CEO Elon Musk, Dogecoin made headlines last week after Twitter’s board approved an offer to buy the company for approximately $44 billion. . While the acquisition has yet to happen, many users think Twitter may offer additional cryptocurrency-friendly features under Musk’s ownership. Elon Musk has of course been Dogecoin’s most high-profile advocate, so if the story develops further, the news of the Twitter acquisition could be a boon for DOGE, according to analysts.
On-chain analyst Ali Martinez says over $100,000 in Dogecoin transactions exploded after news began circulating that Elon Musk’s takeover bid was approved.
Dogecoin’s price is roughly above the ATH level reached in May 2021. It has withdrawn 80%, but the recent attention the coin has received, thanks to Musk’s highly publicized takeover bid, may be exactly what is needed to give the DOGE price some life.
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