CoinCheckup

Tag: Crypto.com

  • Top 3 Coins to Watch – Week 33

    Top 3 Coins to Watch – Week 33

    Several cryptocurrency projects are set to meet their developmental milestones this week, thereby looking to increase the usability, security, adoption and, finally, valuation of their respective tokens. With the hype over Ethereum 2.0 cooling off a bit, this week’s selection of top 3 coins to watch focuses on trading and data oracle associated tokens.

    1. ChainLink (LINK)

    ChainLink is a distributed ledger technology (DLT) company focusing on providing input and output data for smart contracts, as they cannot connect to real world data on their own. ChainLink provides a reliable and end-to-end secured connection to external data by establishing its own price oracles and data oracles. Oracles are the data that is fed into a smart contract from a source outside the contract and they are crucial for contract’s operation.

    Buy/Sell LINK

    LINK Skyrockets After Being Called a “Pump-and-Dump” Scheme

    Despite the fact that Zeus Capital called ChainLink a fraud, saying it is the “Wirecard of Crypto” in July, LINK has managed to defy the general downtrend, that has prevailed in the crypto markets over the weekend.

    Even more, ChainLink is currently trading at $13.6, with the price up by 6.3% in the past 24 hours. The 7-day price growth of almost 60% is even more astonishing. In addition, LINK set its new all-time high of $14.25 on August 9. If LINK will be able sustain this growth, the cryptocurrency will overtake Bitcoin Cash and become the 5th largest crypto by the end of this month. Some say that the LINK price rally was triggered by the project’s supporters in response to the accusations made by Zeus Capital.

    2. Switcheo (SWTH)

    Switcheo Network is a decentralized exchange (DEX) platform, which aims to provide a top-notch trading experience, while remaining trustless and completely decentralized at the same time. The DEX that supports the trading of Ethereum, NEO, and EOS-based digital assets is currently entrusted by roughly 43,000 traders.

    Buy/Sell SWTH

    The Launch of Switcheo TradeHub Will Bring SWTH Staking

    Switcheo Network is preparing to roll-out SWTH staking in its TradeHub feature, that is scheduled to go live on August 12. The rewards system, which is set to incentivise early staking, will allow holders who join a staking pool or delegate their SWTH to a validator node in Week 0 to benefit from the 1.92% weekly reward. You can read more about the SWTH staking process and the reward system here.

    3. Digitex Futures (DGTX)

    Digitex Futures Exchange is the world’s first high-liquidity zero-fee futures trading platform. The exchange allows users to buy and sell futures contracts on various digital assets, commodities and financial instruments using the native DGTX token. The potential profits or loses of the trades are also accounted in DGTX, which is where the token’s value derives from.

    Buy/Sell DGTX

    Digitex’s Next Update Will Allow the Use of Automated Trading Algorithms

    While not a lot of time has passed since Digitex’s public launch earlier this year, the team is already looking to deploy additional improvements to their platform. In a upgrade, scheduled for this week, Digitex plans to integrate their new trading API that will allow users to trade using automatic trading algorithms, more commonly referred as “trading bots”. In addition, the futured exchange plans to launch the ETH/USD futures market this month and expand their products to traditional futures such as oil, gold, and the S&P 500 futures later in Q3. The project’s roadmap for the rest of 2020 is outlined here.

  • Top 3 Coins to Watch – Week 32

    Top 3 Coins to Watch – Week 32

    It’s the beginning of Week 32 and we have again prepared a selection of top 3 coins to watch this week. While the number one coin to watch is a top performing cryptocurrency and was already featured in our previous week’s selection, other coins are debutants on our list.

    coins-to-watch-ethereum

    1. Ethereum (ETH)

    This week again Ethereum, the second largest cryptocurrency by market capitalization, dominates our list of top coins to watch. Ethereum is and an open-source distributed blockchain that pioneered smart contract functionality. While Ethereum can be used as a medium to transfer value, its true use cases lie in facilitating the execution of smart contracts. Additionally, Ethereum blockchain hosts a number of applications and ERC20 tokens, which sometimes boost the assets’ valuation.

    Buy/Sell ETH

    The final testnet before ETH 2.0 to go live on August 4  

    The Ethereum 2.0 developers have announced that they are going to be deploying the Medalla testnet on August 4. The launch of Medalla, the last testnet before ETH 2.0, represents another major developmental milestone for the already established blockchain project, which recently celebrated 5 years of existence. The testnet is scheduled to go live on August 4, 1:00 PM UTC. However, if the testnet does not reach the necessary 16,384 validators (524,288 ETH staked) on time, the testnet genesis time will see delays. The Ethereum 2.0 developers are offering $5,000 bounties to anyone that finds and discloses a vulnerability in the code of the new update. Ethereum 2.0 upgrade is expected to hit the mainnet before the end of this year.

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    2. Crypto.com (MCO/CRO)

    Crypto.com is pioneering crypto payments platform that believes that it’s a basic human right for everyone to control their money, data and identity. Launched in 2016, the platform that offers a cryptocurrency exchange, wallet and several tiers of cryptocurrency linked Visa cards with CRO cashback among other services, has reached more than 1 million of active users. Up to now the platform has utilized both the CRO and MCO token.

    Buy/Sell MCO/CRO

    Crypto.com To Phase Out the MCO Token

    Crypto.com has recently announced that they will be conducting a MCO/CRO token swap as the platform slowly transitions towards a one-token model. Crypto.com claims that all MCO features will be incorporated into CRO token and urges holders to act as soon as possible since after November 2, the platform will halt MCO token buying and selling and discontinue its support. Although the swap announcement lifted a lot of dust within the crypto community, the value of both tokens has increased since. The swap that can only be performed in the Crypo.com platform offers a fixed rate of 27.6439 CRO per 1 MCO, while users who choose to act sooner than September 2 will enjoy a 20% bonus and receive 33.1726 CRO per 1 MCO. You can read more regarding the swap conditions here.

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    3. FETCH (FET)

    The Fetch.ai is an open-source project that combines artificial intelligence and blockchain aiming to build a decentralized machine learning platform based on a distributed ledger. The blockchain utilizes a uPoW (useful proof-of-work) consensus algorithm. In contrast to ordinary PoW (proof-of-work) the computational power that guarantees the blockchain’s security and immutability is not wasted, but rather used for performing useful calculations for the network’s users.

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    Fetch.ai Validator Slot Auction

    The project introduced staking in October 2019. While anyone can stake their FET, regardless of the amount, they first need to claim a validator slot as the project utilizes a Proof-of-Stake with unpermissioned Delegation (PoS-uD) consensus algorithm. The validator slots were first auctioned in October, and you can read more about the auction here. Fetch will auction another 200 validator slots on August 3. During the auction that lasts 3 hours, users are able to post bids between 1,500,000 FET and 200,000 FET. You can follow the auction here. Users that do not have 200,000 FET to participate in the auction can pledge their tokens to a staking pool, allowing the pool owner to claim the validator slot. You can read more on FET staking in the Fetch.ai’s Medium post.