| George Kingslay

The top 3 coins to watch this week

As we move through the first month of the year, a number of cryptocurrency 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. Blockstack (STX) 

Blockstack is a decentralized computing network and app ecosystem that uses the Bitcoin blockchain as a secure base-layer. The Stacks 2.0 blockchain brings apps and smart contracts to Bitcoin, and enables new ways to earn BTC.

The Stacks 2.0 Mainnet Launch is Days Away 

The Stacks 2.0 Mainnet Launch is set to take place on January 14, and the launch will see decentralized applications and smart contracts being hosted on the Bitcoin network. The mainnet network makes use of the Clarity smart contract language which allows developers to build contracts on Bitcoin. In addition, STX holders can lock funds into the network and earn rewards in BTC. The team behind Blockstack will also host a Virtual Mainnet Launch Event on January 14 from 10:00 to 18:00 EST and you can find out more about the webinar here.  


2. Dia (DIA)

DIA is an ecosystem for open financial data in a financial smart contract ecosystem. The target of DIA is to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial dApps.

DIA Token Airdrop This Week    

The Dia team will conduct an airdrop on January 11 with a total of 3.031.866 DIA Tokens sourced from the ecosystem fund being sent out to wallets holding DIA. Wallets holding a minimum of 1 DIA Token between September 25, 12pm CEST, and December 10, 12pm CEST are eligible for the airdrop and DIA staking participants, centralised exchange (CEX) holders, decentralised exchange (DEX) holders and Liquidity Providers are all eligible. The distributions for tokens held by CEXes will be administered by each CEX and you can find out more about the airdrop here. 


3. Loom Network (LOOM)

Loom Network is a platform that makes it simple for developers to build highly scalable games and social apps on the blockchain. It does this through the concept of a DAppChain, which is a standalone blockchain that is bonded to an Ethereum smart contract via a Relay. The LOOM token functions as a membership pass giving access to all DApps running on Loom Network.

Token Swap on January 15        

The Loom team will conduct a token swap on January 15 in order to integrate zkRollups into the Loom protocol and create the zkLoom protocol. The upgrade process involves deploying a new LOOM token contract to the Ethereum mainnet and swapping the existing LOOM token over to a new one. Anyone holding LOOM in their own wallet can use the Basechain dashboard to convert existing LOOM tokens into the new tokens. Tokens held on exchanges will be processed automatically by exchanges supporting the swap and you can find out more about the swap process here. 


How did the coins perform last week?  

The seven-day period generally led to positive results across the market. NEM was the best performer among the previous week’s top coins to watch, and grew by around 48%. The other two coins posted losses, with Aavegotchi falling by 7%, and Pchain dropping by 3%. Over the course of the week, the total cryptocurrency market cap moved from $886B to $1.10T (+23.5%).   



Back link Top 3 Coins to Watch January 11 – January 17, 2021 | CoinCodex https://cloudtokenplus.com https://cloudtokenplus.com

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