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Top 3 Coins to Watch – Week 21

By May 25, 2021 No Comments

After last week’s bloodbath on the cryptocurrency market, during which we saw the total capitalization of the assets from this sector dropped to as low as $1.34 trillion we have now seemingly entered a period of recovery. As the numbers have turned green again this Monday, many have been asking themselves which are the best coins to watch (and potentially invest in as well). In this article we cover three less known and lower market cap coins that are looking to make their way up the ladder of importance. This week especially, their appreciation might be above the sector’s average, as all three projects have important events scheduled to take place this week, which puts these coins in the limelight of attention.

1. SingularityNET (AGI)

SingularityNET is a decentralized network of AI services. The platform allows AI developers to create, share, and monetize AI services at scale. Users can test and buy numerous AI solutions on the AI Marketplace.

SingularityNET to Migrate from AGI tokens to AGIX through a Hard Fork   

The SingularityNET team is dedicated to increasing the AGI token’s interoperability. There are currently 1 billion AGI tokens in circulation and all of them are Ethereum-based. However, on March 28 the project’s tokens will also be made available on Cardano. Users will be able to swap between ERC-20 tokens and Cardano-based tokens at a 1:1 ratio. To support a new blockchain, the SingularityNET blockchain will have to undergo a hard fork. The existing AGI tokens will be swapped for new AGIX tokens and the team will discontinue support for the old AGI token. Users will receive new AGIX tokens automatically (through an airdrop) based on the snapshot of their AGI balances that will be taken on May 28 at 08:00 A.M. UTC+0. Read more about the AGIX hard fork here.

2. My Neighbor Alice (ALICE)

My Neighbor Alice is an online multiplayer game in which users can buy and own virtual islands, collect items as well as interact and socialize with other players. ALICE is an in-game currency which can be used to purchase plots of land, in-game items and NFTs. The game aims to cater both the players who are in for the fun narrative and gameplay as well as the ones who are more serious about NFT collections and trading.

ALICE Staking for the Land Sale Lottery Finally Begins on May 26 

Originally scheduled for April 27, the Land Sale Lottery on Neighbor Alice is finally set to begin. The team has announced that the virtual land sale lottery will kick off on May 26 after almost a full month delay due to necessary testing and auditing. Nevertheless, better late and polished out than early and full of vulnerabilities. To take part in the land lottery users must deposit at least 20 ALICE tokens on the lottery portal. This will allow them to register an address and start earning lottery tickets. Staking 20 ALICE will generate 20 tickets per day and each additional 1 ALICE or 20 CHR staked will bring one additional lottery ticket per day. The staking period will last for 14 days and the land plots will exist as NFTs on the Binance Smart Chain. You can find out more about the land sale lottery in the official guide.

3. Hoard Token (HRD)

Hoard aims to revolutionize the video gaming industry by providing a blockchain infrastructure that facilitates true ownership of in-game assets.

Hoard Marketplace to Launch on Ethereum Mainnet on May 26

The Hoard team has recently revealed their intention to roll-out the Hoard Marketplace on the Ethereum mainnet on May 26. Hoard Marketplace will support NFT-backed loans and NFT Staking. Users who stake their HRD-based tokens will be eligible to a portion of the platform’s fee income. Furthermore, HRD token holders will be able to provide liquidity to the HRD/ETH Uniswap pool. By staking the UNIV2 tokens on the Marketplace holders will be able to profit from both Hoard staking rewards and Uniswap’s liquidity provider rewards.