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What's happening in the crypto industry today? Many developments have been going with most cryptocurrencies already posting impressive performance in terms of building their platforms. This is despite this week's drop in market price. So what has been happening at the top cryptocurrencies of 2022? here are today's updates crypto investors need to know:
If there is something the Bitgert team has proven over the last 5 months since the project started is delivering on products. The team is working hard to build one of the DeFi ecosystems by bringing as many products as possible. That's why the Bitgert team has announced that they are developing over 10 products for the Bitgert ecosystem in 2022. The Bitgert team promised to deliver all of them by the end of the year.
Of these products is the soon-to-be-launched Brise Exchange, which will be a CEX. The other big product is the Bitgert gasless blockchain. The gas-free blockchain will be a game-changer since it will be the first in the industry. The recently announced Bitgert PAYBRISE, a tool for businesses to accept $BRISE payment, is also coming up. Visit the Bitgert website for more, including the roadmap.
There is a lot of development at Centcex, considering this project is just two months old as of writing. Therefore, it is one of the projects that will be issuing a lot of updates as the Centcex team develops the platform. The team is currently working on the Centcex cryptocurrency exchange, which is one of the products.
The recent update is Centcex exchange progress, where the team confirmed the database structure and the user interface. The team is developing a no-KYC exchange to enable users to trade anonymously. Read more about the upcoming products on the Centcex website.
Probably the biggest thing right now is the 'hacker house' campaign carried out by the Solana engineers in collaboration with the Metaplex team. This is one of the projects that Solana is undertaking with the aim of increasing the number of projects that will be running on the Solana network. That's the reason the project is targeting DeFi and NFTs developers.
In addition to that, the Solana team has announced the coming of a huge number of Solana NFTs. These digital assets have been developed in collaboration with Metaplex, one of the biggest NFT projects running on the Solana network. A lot is expected from the team, including the mainnet upgrade and the expected upgrade of the scaling protocol.
Cardano has been one ambitious project, and Charles Hoskinson is a fellow who has delivered beyond expectations. There is a lot of developments at Cardano, and one of the most exciting things is the upcoming scaling solution. The Cardano team is working on a massive level-2 scaling solution called Hydra. This is a protocol upgrade that will make Cardano the fastest blockchain.
According to the Cardano team, the Hydra scaling solution will enable the network to reach over 1 million transactions per second. It will be a huge milestone for the project since it will be the fastest blockchain, and this means more users and better returns for investors.
The team Avalanche has made huge gains in the market based on the community, AVAX, and the market value growth. The number of projects joining the Avalanche network has also been increasing fast. A look at the Avalanche Twitter handle shows the community is now over 540k, which is definitely one of the fastest-growing crypto communities.
Though Avalanche is the fastest level-scaling contract in the industry, the team is working on more scaling solutions to make it even faster. The upgrade of the Avalanche protocol to make it even a faster smart contract has excited the crypto community. The fast growth of the new projects joining Avalanche is among the recent updates we will be seeing.
Polygon (Matic) will continue to be one of the most sought smart contracts because of its ability to scale the Ethereum network. That's why the performance of Matic in the market is projected to continue doing well. Note that Matic is the native coin for the Polygon blockchain. As the level-2 scaling solution for the Ethereum blockchain, Polygon (Matic) has a lot coming up.
The upgrade of the scaling protocol is among the key updates from the team. There have been several acquisitions of scaling solutions late last year. The team plans to add more to make Polygon more powerful. These moves will create more demand for Matic. This is why Matic is projected to be one of the best performing cryptocurrencies of 2022.
A lot is happening at Litecoin, with the team keeping the community informed through their Twitter handle and other platforms. The latest is the Litecoin Underground going live. This is good for the community as more information about the project will be available. The introduction of the Litecoin NFT is also exciting to the community.
Litecoin Gaming has been a discussion for some time now. It is also important to mention that the LTC coin has been accepted as a currency for paying goods and services by more companies like NetCent, Bitpay, and Verifone. These are the latest update Litecoin investors need to know today.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
