There are thousands of altcoins in the crypto space. We know time is important, so we have compiled altcoin updates that you might have missed. This is your weekly dose of Altcoins at a Glance.
Audios Integrates with Tiktok
- Audius is integrating with social media giant TikTok. This allows new Audius users to create accounts by linking their TikTok profiles and importing their handle, information, and verification status.
- Users can also share Audius songs in their TikTok videos
- Audius is a music streaming platform that uses its native token, AUDIO, to reward artists for their work. AUDIO is an ERC-20 token but is also available on other blockchain networks like Solana.
Algorand Wallet MyAlgo Encourages Users to Withdraw Funds Due to Hack
- MyAlgo is still investigating the cause of the hacks, but users are advised to transfer their assets as a precaution
- MyAlgo is a native wallet of Algorand.
- Crypto sleuth ZachXBT tweeted that it is suspected that over $9.2 Million has been stolen from Feb 19th to 21st.
AI Altcoin AGIX Rallies After Elon’s Tweet
- An AI-focused altcoin project called SingularityNET (AGIX) has surged in value following rumors that Elon Musk is planning a new version of ChatGPT, an artificial general intelligence (AGI) technology.
- The Tesla and SpaceX CEO reportedly approached AI researchers, including a former employee of DeepMind, to form a new research lab to develop the new version of ChatGPT.
- SingularityNET is a blockchain-based marketplace for AI services. It is working to build an ecosystem of projects for growth and token utilization in areas such as DeFi, robotics, biotech, gaming, media, and enterprise-level AI.
Huobi Collaborates with File Sharing Pioneer BitTorrent
- Crypto exchange Huobi will join the BitTorrent Chain (BTTC) Ecosystem. The partnership will focus on the development of a Layer 2 Network on BTTC.
- This partnership will allow users to build decentralized applications (dApps) anywhere and will also provide a cost-effective development and fast setting for dApps.
- BitTorrent Chain is a decentralized peer-to-peer network that facilitates file and data sharing.
Top Altcoin Ethereum is Far from Bottom
- Popular Crypto Analyst Benjamin Cowen speculates that the top altcoin, Ethereum (ETH), can still go lower.
- He speculates that ETH can still revisit the sub $1000 level and probably go below the June 2022 bottom, which is around $882
- He believes that ETH should visit the lower logarithmic progression trend line before a bull run is considered. Learn more about his analysis with the video below.
Crypto.com Lists Altcoin Bone ShibaSwap ($BONE)
- Crypto.com, a major crypto exchange, lists altcoin Bone ShibaSwap (BONE)
- Shibarium, the upcoming Shiba Inu Layer Two Network, will be using BONE as the token for paying transactions or gas fees.
Robinhood launches iOS Crypto Wallet that Supports BTC and other Altcoins
- Robinhood, a popular trading platform, launches a crypto wallet that supports Bitcoin and other altcoins, which includes Ethereum, Shiba Inu, Dogecoin, and Polygon.
- The crypto wallet will be integrated with the Robinhood’s app’s trading features.
- Security features include biometric and two-factor authentication.
That’s it. See you next week for another Altcoins update.
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