The cryptocurrency market left behind a tough May. Leading crypto Bitcoin closed May under $ 28 thousand. Thus, in the monthly perspective, BTC is stuck in the red zone. Most altcoin projects also performed similarly to Bitcoin. However, the projects did not stop developing themselves and making new moves, including partnerships. This breakthrough seems to continue in June as well.
Altcoin developments within the plan in June
We are entering the new month with an airdrop event. As Cryptokoin.com reported, COTI will airdrop the gCOTI token on June 1st. On the same day, leading blockchains BNB Chain will launch the ZkBNB main-net. 1 inch Network will unlock 50 million tokens on June 2. On the same day, COCOS will receive a new brand and become COMBO.
On the 6th of June, Optimism (OP) has an update to Bedrock. Acent’s beta game testing will follow. The following day, ZEN will do a node update. On the same day, popular metaverse altcoin project The Sandbox (SAND) will begin land sales registrations. On the 8th of June, NEON will hold a community sale. On June 12, Vega Protocol will change the staking reward system.
June 13 is a very important day for Ripple, which is in trouble with the SEC. Because, most likely, we will witness Hinman’s speech that Ethereum is not a security. On June 15th, NFT marketplace BLUR will release 196 million tokens. In addition, BitDAO (BIT) will accompany it with 96 million tokens. Meanwhile, Velodrome’s V2 update will also occur on this date. On the same day, OVR will hold an Augmented Reality (AR) competition. Like Coin (LIKE) will launch its platform on June 16.
Coming to June 20th, we will be watching Pancakeswap’s (CAKE) trade rewards program. Flow Network (FLOW) will do a mainnet update on June 21. In the last week of the month, the ZRX API will update the policies while ACE distributes the rewards. And the last day of the month is an important date for creditors of bankrupt crypto exchange FTX. Because, they have to submit the claim documents by this date.
Expected developments in June
First off, Ripple’s (XRP) fight with the SEC is expected to reach a resolution this month. There are reports that Hook Network will make its Cambridge update in June. Presumably, Render Token (RNDR) will be migrated to Solana Blockchain. If nothing goes wrong, Sushi Network will improve tokenomics. The launch of Multiverse X (EGLD), xLaunchpad is expected this month.
In other developments, VITE will enter the market under a new brand. BIT will get a new brand as MNT. ARPA, DYDX and SSV will launch main-net. ORC, on the other hand, will perform the mainnet hardfork, Jupiter. ALICE has its Alpha season 3 launch. EOS will release Leap version 4.0. SNX will repurchase and burn the token. TON will launch L2 main-net. BLZ will launch the ‘Gamma 4’ Alpha. Chromia will launch the ‘Chromia Appnet’. A partnership announcement is expected from SelfKey. HIFI will release its new NFT collection. BOND will come over GSR as market maker. A mobile application is expected from BRWL. AMO will launch its D2E service. Finally, FNSA will switch to the consortium system.
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