In the first month of autumn, the cryptocurrency market will see several events that could affect the value of digital money. The main ones are in our traditional calendar

Elrond token migration

Elrond cryptocurrency developers have announced the start of the exchange of ERC-20 and BEP2 format ERD tokens for the new eGLD (Elrond Gold) token. The migration will take place at a ratio of 1000: 1. If the tokens have been stacked, delegated or stored on the Binance exchange, the exchange will occur automatically. In case the coins are in a cold wallet or on any exchange, including the decentralised Binance DEX exchange, the exchange will need to be done manually. No completion date has been set for the migration.

What could be affected:

Elrond exchange rate

Launch of Bluzelle core network

The launch of the main Bluzelle network is scheduled for August 8. After that, it will be possible to receive stacking rewards, become a validator, exchange BLZ tokens for BNT, and create and run a decentralized application on the Bluzelle network using the JS library. Any laptop, computer, mobile device or game console connected to the new Bluzelle network will be able to become a node, to be rewarded for providing power to this decentralised system.

What could be affected:

Bluzelle rate

Halving

Several blockchain projects are expected to have halving. This means that the miners who keep the cryptocurrency network running will receive half the rewards for a block found. Projects that will see a reduction in rewards per block mined:

Monacoin MONA (reduction in reward from 25 to 12.5 MONA on block number 2, 102, 002, expected on 8 September)

ZCoin XZC (decrease in award from 14 to 7 XZC in block # 305, 000, expected on September 23)

Lisk LSK (reduction in award from 2 to 1 LSK on block #13, 451, 520, expected September 27)

Impact:

Value of Monacoin, ZCoin, Lisk