In the past, it was just bitcoin and ether dominating the crypto scene. But now, we have a vibrant and colorful world filled with digital treasures and exciting possibilities.
Recently, there were some legal challenges with Binance and Coinbase, causing a temporary drop of 5% in bitcoin's value. However, there's good news too! BlackRock's Bitcoin ETF filing has brought optimism, and other big players like Invesco and WisdomTree are joining the party.
While we wait for more developments in the ETF space, let's dive into the digital realm and explore these five crypto-coins that are creating a buzz in July!
1.Constellation Network (DAG): A network that empowers developers with cryptography and is launching an integration testnet with increased rewards for validators.
Now, get ready for some fireworks! Their integration testnet is blasting off on July 10th — a shiny new way to reward validators and boost their involvement.
And speaking of rewards, Constellation is cranking up the generosity. Validators, those digital guardians of transaction validation, network integrity, and threat mitigation, will see their reward allocation skyrocket to 17% starting July 10th. Testnet operators, the trailblazers responsible for hosting experimental network features, will have their reward allocation boosted from 1% to a solid 3%.
2. Cosmos Hub (ATOM): A multi-chain blockchain aiming to create an "Internet of blockchains" and recently received a funding boost. They have exciting developments like new chains and upgrades to their smart contract blockchain.
Cosmos' smart contract blockchain, Neutron, is getting a $10 million turbo boost from a funding round that's making waves in the tight crypto fundraising scene. Binance Labs led the charge, with a crew of funders including CoinFund, Delphi Ventures, LongHash, and Nomad tagging along.
Currently, ATOM's trading at a stellar $9.30, flaunting a market cap of $3.2 billion. With an infinite supply of tokens in the cosmos, 346 million ATOM are already zipping around in circulation.
3. IOTX an open-source project creating a decentralized platform for machines. They have partnerships and a hard fork update coming soon.
In recent news, IoTeX has struck up a partnership with Port3, hashing out the details for integrating Port3's SoQuest into IoTeX products. This alliance promises to deliver a robust, customizable task platform for projects in the IoTeX ecosystem, and a thriving quest center for users.
Also, a hard fork is coming — Version 1.11.0, to be precise. This update will be activated at block height 24,838,201 (ETA: 07/20/2023, 11pm UTC). All nodes must upgrade; otherwise, they'll be left out of sync with the IoTeX blockchain.
This hard fork unleashes three vital features:
IIP-13: Represent Staking Buckets As Non-fungible Tokens
IIP-14: Account Abstraction
Enforce ChainID in transactions to prevent possible replays
To learn more about these updates, peruse the project’s GitHub at leisure.
As of now, IOTX’s trading at a bargain 2 cents. Currently sitting at #145 on CoinMarketCap's prestigious rankings, IoTeX boasts a live market cap of $178 million.
4. MultiversX (EGLD): MultiversX is a blockchain protocol focused on fintech and decentralized finance. They have achieved high-speed transactions and are launching Hatom Protocol modules.
In June 2023, the MultiversX Bridge (Ethereum) welcomed the two most popular digital assets, BTC and ETH, to enjoy the high-speed, low-cost thrills of MultiversX's unique innovations. Wrapped as ESDT tokens on the MultiversX Network, "wBTC" and "wETH" are now living the high life.
And brace yourselves, for on July 16, two Hatom Protocol modules will go live on the mainnet, bringing Lending and Liquid Staking to the xLaunchpad event. The launch of Hatom marks a monumental milestone for MultiversX and is set to redefine the DeFi landscape.
Today, the live MultiversX price is $33, with a 24-hour trading volume of $12 million, boasting a live market cap of $870 million USD and a circulating supply of 25 million EGLD coins.
5. Radix (XRD)
In July 6, Radix made an exciting announcement about Babylon RCnet v2. This release will happen in two phases. In the first phase, Radix will showcase the "low level" components of the network, such as the node, Radix Engine, and Scrypto. In a few weeks, the second phase will unveil updated versions of the Gateway, Dashboard, Wallets, and other tools.
Why the phased approach? Well, Scrypto has received fantastic improvements and new features that developers are eagerly waiting for. Additionally, the community node runners are preparing for a test migration to the Babylon-type network from Olympia Stokenet. They need a fresh node release for this purpose.
While there's more excitement to come, the focus leading up to the 1.0 release will be on stabilization. Some adjustments may still be made, but new features will only be added in exceptional cases. After the Babylon release, developers can expect quarterly Scrypto roadmap updates to stay informed about what's coming next.