{"id":561061,"date":"2024-08-05T20:06:27","date_gmt":"2024-08-05T20:06:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/auto-draft"},"modified":"2024-08-05T20:06:14","modified_gmt":"2024-08-05T20:06:14","slug":"top-cryptocurrencies-to-buy-now-august-5-helium-vechain-mantle","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-cryptocurrencies-to-buy-now-august-5-helium-vechain-mantle","title":{"rendered":"Top Cryptocurrencies to Buy Now August 5 – Helium, VeChain, Mantle"},"content":{"rendered":"

The global market is experiencing severe turbulence, similar to past crises like the COVID-19 pandemic. This market crash is primarily driven by growing concerns about a potential U.S. recession. These fears have significantly impacted the U.S. banking sector and prompted swift responses from other nations, including South Korea, which has seen its market plunge.<\/span><\/p>\n

This turmoil resulted in the extreme single-day drop for cryptocurrencies this year. Bitcoin plummeted to $52,300, and Ethereum fell to $2,100, leading to about $370 million in liquidations within one hour. Despite this “Black Monday,” some altcoins are delivering significant returns, standing out as potential tokens amidst the broader market downturn.<\/span><\/p>\n

Top Cryptocurrencies to Buy Now<\/b><\/h2>\n

Recently, the Helium Foundation announced a significant protocol update. Furthermore, VeChain and Venum Brazil introduced a new line of “phygital” t-shirts that combine physical and digital elements. Meanwhile, recent data indicates a significant increase in the Total Value Locked (TVL) within Mantle Network’s ecosystem, along with a rise in daily transaction volumes.<\/span><\/p>\n

1. Helium (HNT)<\/b><\/h3>\n

Helium aims to enhance communication for wireless Internet of Things (IoT) devices. It appeals mainly to device owners and those interested in the IoT space. Financial incentives further expand its reach. Helium is recognized as a top decentralized infrastructure (DePIN) project.<\/span><\/p>\n

Recently, the Helium Foundation announced a significant protocol update. They revised the Leap Day Emissions Schedule Change, adjusting the IOT and MOBILE verifiers to exclude leap year accounting from reward calculations. This update will take effect with the next reward cycle.<\/span><\/p>\n

\"HNT<\/p>\n

The change will have minimal impact on incentives as it adjusts emissions from 366 to 365 days for the next year. These parameters are already part of the on-chain emissions program, so no adjustments were needed for this year’s change. Future configuration modifications will update emission targets for the next year’s halving cycle.<\/span><\/p>\n

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Important Protocol Update on Leap Day Emissions Schedule Change 👇🏼<\/p>\n

🔷Leap Day Emissions Schedule Change:<\/p>\n

Protocol engineers have updated the IOT and MOBILE verifiers to remove the leap year accounting from the reward calculations. This impact on rewards will take place from the…<\/p>\n

— Helium Foundation 🎈 (@HeliumFndn) August 1, 2024<\/a><\/p><\/blockquote>\n