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It's the third day of February, and it looks like the bear market is coming back again. All the large cryptocurrencies are plummeting, and the market, in general, is dipping. This is not good for the crypto coin holder, but it is an opportunity for investors to consolidate by buying more tokens for less. Even with bear market conditions, there are still exciting updates from most of the best cryptocurrencies of 2022 the crypto community may need to know. Here is the latest news on these cryptocurrencies:
Bitgert fast development of the ecosystem has been the reason the team has been releasing frequent updates. The latest from the Bitgert team is the introduction of a new product, which is the Bitgert metaverse. This is an exciting product that is already attracting much attention from the crypto community.
The metaverse industry is proving to be the next big thing in the crypto market. There are many mega-companies like Apple that are investing heavily in this industry. With the Bitgert metaverse coming in roadmap V2.0, it will be one of the biggest products after the Bitgert gasless blockchain.
The Centcex project has just let the community know that the development of the Centcex products is going on fine as planned. The latest news the Centcex team released was about the completion of the database structure. The building of the User Interface has also been completed. This is big for a project that is only two months old to have made such huge accomplishments.
The updates show that the Centcex team might launch the exchange soon. The next thing that the Centcex team might update the community on is the launch of the beta version of the exchange. Note that Centcex exchange will offer no-KYC features to allow users to transact anonymously. There might soon be more news about the staking program, which is in the Q1 roadmap.
The latest news from Solana is about the Riptide Hackathon, which is the wave that the team had promised. The hackathon is a competition for developers. It includes price money, $5million, and finding for the winning projects. The Riptide Hackathon is a continuation of the Solana Hacker Houses, which the team had been advertising for the best part of January.
The Riptide program is expected to bring more products to the Solana network. The Solana team will be looking for Web3, NFT, DeFi, gaming, and DAOs, among many others. The Solana Riptide starts on 2nd February and will run up to 17th March 2022. This is one of the developments
This morning Cardano has been red, but it is one of the crypto coins that has been stable. But the latest news from the team is the ongoing improvement of the mainnet, which is aimed but making Cardano more efficient. There are many developments going on making the Cardano smart contracts, Plutus, faster and cheaper.
The Cardano wallet was recently updated, which has made it more effective and efficient. The team has also been updating the community regarding the upcoming Cardano scaling upgrade. The Hydra upgrade is one of the widely anticipated upgrades by the community. It is a scaling protocol whose construction started in 2021.
With the market getting red, Avalanche is among the cryptocurrencies that have been hit by the plunge. But Avalanche price is stabilizing and could be on an upward trend before the end of the day. The latest update from Avalanche is the upcoming Avalanche Summit, which will enable web3 developers to share ideas and learn where the market is heading.
The Avalanche development team is planning to share more of the network as the gateway to web3 development. The objective is that more developers on the network in 2022. The other latest news is listing AVAX tokens at the CoinZoom exchange. There has been an increase in the number of projects on the Avalanche network.
The past 24hrs have seen Matic trending not because the price was doing very but because its market capitalization has grown to overtake the Shiba token and now take the 14th position. This is good news for the Matic holders because it shows that Polygon is increasingly gaining ground in the market.
There are several factors that have made Matic record such growth, the recent hiring at the Polygon Studios being among them. The coming of Ryan Wyatts from YouTube to be the CEO of Polygon Studios has been one of the reasons for this growth. The move has also seen the price of Matic grow. Matic is expected to perform better with the increasing projects on the Polygon network.
There is no doubt that MWEB is still one of the biggest updates the Litecoin team has released recently. This is the largest protocol upgrade that the Litecoin project has ever undertaken in the last 10 years. The protocol upgrade will offer one of the best fungibility and enhance Litecoin's scalability.
The acceptance of Litecoin as a form of payment by various celebrities has also been one of the latest news. The Rock legend Gene Simmons is one of the recent celebrities that accepted LTC payments. The other day was a WWE superstar, and the list of big names accepting Litecoin continues to grow.
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