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Top 3 Coins to Watch – Week 17

By April 26, 2021 No Comments

As we move through Q2, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.

1. My Neighbor Alice (ALICE)

My Neighbor Alice is a multiplayer builder game developed on the DAO Maker platform. Users are able to buy and own virtual islands, collect and build exciting items and meet new friends through the game. The game aims to combine a fun narrative for regular players that want to enjoy the gameplay an ecosystem developed for players who want to collect and trade NFT’s.

Why My Neighbor Alice? First Ever Land Sale Staking Begins on April 27

My Neighbor Alice allows players to buy and own virtual islands, and staking for the first batch of plots will begin on April 27. The plots will be on the Nature’s Rest Island, require ALICE and/or CHR holders to stake their tokens to become eligible to purchase a plot of land, and a lottery draw will take place on May 12th, with 927 plots up for grabs. In order to be eligible for a plot, you need to have a lottery ticket with winning tickets being drawn at random. The original cost per plot is 50 ALICE with an early discount of 60% bringing the cost down to 20 ALICE. Staking will run from April 27 at 12:00 PM UTC to May 11 at 12:00 PM UTC, and the minimum staking amount is 1 ALICE token or 20 CHR. You can found out everything about the staking program, lottery, and land sale here.

2. Qtum (QTUM)

Qtum is designed for powering decentralized mobile apps as well as integrating with other blockchains. The technology borrows elements from both Bitcoin and Ethereum, including the Ethereum Virtual Machine which is used to execute smart contracts, and Qtum is the product of an Asian development team who are based in Singapore.

Why Qtum? Mainnet Fast Lane Hardfork on April 30

Qtum founder Patrick Dai has confirmed the Mainnet Fast Lane Network Upgrade scheduled to take place on April 30. The v0.20.2 Hard Fork will be a mandatory network update before block 845000, and will update the Qtum EVM to include Ethereum Istanbul and Muir Glacier upgrades dates including EIP 152, EIP 1108, EIP 1344, EIP 1884, EIP 2028, EIP 2200, and EIP 2384.The update will also implement QIP 26, and reduce block times to 32 seconds as well as improve the GUI wallet start-up time and overall responsiveness when dealing with large wallets. The Fast Lane hard fork will allow Qtum to transition into a Proof of Stake smart contract platform that supports a variety of DeFi operations, and you can find the official release notes here.

3. E-Radix (EXRD)

E-RADIX is a layer 1 protocol that was designed specifically to serve DeFi (Decentralized Finance) networks.

Why E-Radix?  Betanet Network Launch on April 28

The Radix DLT team has announced the launch of their Betanet network on April 28. The Betanet will operate ahead of the Olympia mainnet and allow the team to offer and test out features such as the Beta Olympia desktop wallet, Beta Olympia explorer website, Beta Olympia full node/validator node software and CLI (command line interface), and the betanet token faucet website. Community members will be able to use and test the Radix desktop wallet, operate a full node, and operate a validator node, and Radix the team have outlined all the benefits and ways to get involved in this blog post.

How did the coins perform last week?

The seven day period led to poor results across the market; and EGLD fell by 14% and is currently trading at around $153. TFUEL dropped by 15%, and is currently trading at $0.26, and XTZ fell by 17% over the week, and is currently trading at $4.65. Over the course of the week, the market moved from an overall valuation of $1.98T to $1.86T.