Top 4 altcoin events to watch this week

 This week, there are important developments for four different altcoins, from IOTA, which has not been expected in terms of price performance, to the popular DeFi platform Compound (COMP).

IOTA (IOTA) - Chrysalis test network launching

The IOTA Foundation announced today that the Chrysalis (IOTA 1.5) test network will be launched on December 14th. Chrysalis includes a number of important updates that will make the network ready for enterprise use before IOTA 2.0 (also called Coordicide) goes live. This intermediate step is expected to make the transition to Coordicide much smoother while increasing the scalability of IOTA and adding new features.

Compound (COMP) - COMP distribution vote

On Compound (COMP), a DeFi platform that allows users to lend or borrow crypto assets to earn interest returns, users suffering from DAI liquidation will vote on COMP distribution today. If the voting passes, 6 million 817 thousand dollars will be paid with COMP tokens. There are currently 326,488 votes against 177,935 votes in favor. Time is getting shorter for the balances to change.

Orion Protocol (ORN) - Switching to the main network

The first phase of Orion Terminal's main network in DeFi project Orion Protocol, which aims to collect all liquidity in the cryptocurrency market on a single decentralized platform, will go live on Tuesday, December 15th. Undoubtedly, it will be a historic day for this project. Orion Protocol's ORN token, which has been traded on the markets since July, entered an upward trend as the mainnet launch approached. Traded at $ 1.74 in the last week of November, ORN reached almost $ 4 last week and is hovering at $ 3 today.

Aion (AION) - Hard fork

An important hard fork will be performed in Aion on Wednesday, December 16th. Various updates and improvements will be implemented to solve the problems faced by the network with this forced hard fork and to increase performance.

AION fell short of expectations in 2020 with a 50 percent price increase. Whether the hard fork will have a catalytic effect on price remains to be seen in the coming days.

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