Now that the altcoin market is slowly eating away at Bitcoin’s market dominance, three major altcoins may see further gains through their respective MainNet launches in the coming weeks.
As of press time, these blockchain projects are having testnet versions that are being analyzed and tried in order to look for bugs and identify points of improvements. In the past, MainNet launches have had a positive effect on price action of blockchain projects. If you are looking for investment opportunities, here are the top 3 altcoin MainNet launches in the coming weeks:
Tron’s MainNet launch is scheduled on May 31, 2018. This blockchain project is perhaps one of the most commented and discussed projects in the blockchain community and social media networks. Back in April, Tron initiated a 30 million token airdrop to show appreciation and support to the Ethereum community. Justin Sun, leader and main proponent of Tron, says that Tron could become a much larger Ethereum ecosystem in the long run. Once the MainNet is launched, there will be major updates to the network. The MainNet launch is a step closer to Tron’s potential meteoric rise.
On June 2, 2018, EOS will be doing its MainNet launch. Being the 5th largest cryptocurrency in the market in terms of market capitalization, expectations for the EOS network is extremely high. Essentially, EOS allows developers to make decentralized applications easily and intuitively. Seeing that the recent price action of EOS is resilient relative to other cryptocurrencies, the MainNet launch will have huge impact to the EOS price action.
VeChain will be launching it VeChain Thor MainNet on June 30, 2018. VeChain currently sits at the number 16 spot in CoinMarketCap’s top cryptocurrencies in terms of market capitalization. Because of VeChain’s incredible amount of partners, much enthusiasm surrounds the VeChain Thor MainNet launch, which will enable VeChain partners to create dApps on the platform. VeChain is a very promising cryptocurrency project.
Ontology has been making huge impacts in the cryptocurrency market these past months. According to Ontology roadmap, the MainNet release will be on the second quarter of 2018. This means that Ontology is expected to launch its MainNet during the month of June. Once the MainNet is launched, applications for Ontology’s main partners are expected to rollout consequently.
These MainNet launches could be the catalyst to huge increases in their respective altcoin prices. While price action is wildly speculative and dependent on market actions, the MainNet launches are potential boosts to market prices.