We reached current levels with a minor correction after hopes of ending the Russia-Ukraine war pushed Bitcoin price above $40k. On the other hand, the latest partnership and listing news of altcoin projects Kadene and Immutable X brings earnings in excess of 50%. In this article, let’s list the most important developments of the week from 13 altcoins.
Here are 13 altcoins and developments of the week
- Shiba Inu announced that the development team has started testing the much anticipated burning portal for the local cryptocurrency SHIB. According to the statements, SHIB Burn Portal is currently in the testing phase.
- Suspending Bitcoin transactions in 2018 citing several issues, Stripe announced that the company is bringing back crypto support on its platform four years later.
- Terra (LUNA) closes the gap with Solana (SOL) to become the largest blockchain by stake. LUNA has reached a stake of $31.6 billion despite the current correction.
- UniSwap (UNI) has submitted a new community proposal on the governance forum to join Celo Blockchain.
- Ledger Nano S (Plus) and Ledger Nano X hardware wallets are now supported by Solana (SOL) and Cronos (CRO).
- Immutable X (IMX) raised $200 million in Series C funding round and has been valued more than 50% since March 7. Investors were led by Singaporean state-owned investment firm Temasek and also included Animoca Brands, Tencent, Arrington Capital and Princeville Capital. The second factor affecting the price includes Vy Worlds and Habbo NFT, which help attract new users to the ecosystem.
- Tycoon (TYC), a new copy trading instrument, has announced a tournament for Binance (BNB) investors. Users will be able to copy trades of top-notch traders to make their market activity more balanced. The highest paying investors will receive a share of the first prize of 200,000 TCY.
- Added SOL, AVAX, FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM and KNC trading pairs for Bitrue (BTR), Cardano (ADA).
- WhaleStats reported that the popular meme token Shiba Inu (SHIB) has made it to the list of the most purchased tokens by whales in the past 24 hours.
- Kadena (KDA) has gained more than 50% since March 7 following the announcement and Binance listing of new projects to be launched on its network. Kaddex, which will be newly launched on the Kadene network, has also announced an integration with Simplex, which will bring a fiat currency to the growing DeFi ecosystem.
You can take a look at the listing and investment news of the day, which we conveyed asKriptokoin.com.
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