Top 3 Coins to Watch May 31 – June 6, 2021
As we move towards the end of Q2, 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. Fetch.ai (FET)
The Fetch.ai project is using artificial intelligence alongside blend of the blockchain and DAG (directed acyclic graph) data structures to build a scalable and stable ledger. The ledger’s consensus algorithm is called uPoW (useful proof-of-work), which seeks to make the computational power that is used to secure the ledger also perform other useful tasks for the network’s participants.
Why Fetch.ai? Mainnet 2 Staking Limit Increase on June 1
The Fetch team have announced the increase of the Mainnet Bridge staking limit in order to enable increased staking opportunities. The token bridge transaction limit will be increased from 60 Million FET to 120 Million FET on June 1 at 14:00 UTC, and will last until July 15. For anyone looking to stake on Mainnet 2, the maximum amount of FET which can be staked will move to 120 Million FET until the next limit increase to 250 million FET on July 16. The ERC-20 FET token can currently be staked using Metamask and the project will soon move to its native FET token. The Fetch team outline the staking process, and additional information regarding the token bridge and validator rewards in this official blog post.
2. Dusk Network (DUSK)
The Dusk Network is a decentralized infrastructure that enables fast, anonymous and secure bi-directional transmission of data among equipotent peers.
Why Dusk Network? $5m Grants Program Begins on June 1
The Dusk team unveiled their $5,000,000 Grants Program that goes towards projects building financial and DeFi applications on the Dusk network at the first annual DuskCon in April. The program is expected to house anywhere from 100 smaller initiatives, or up to 20 large scale projects, and is open to individuals and teams that can further the development of tooling and infrastructure, and develop applications that further the mainstream adoption of the Dusk Network. Applications for the Grants Program begin on June 1, and you can find out more about the program here.
3. Argon (ARGON)
Argon is a blockchain-based freelancer platform on the Binance Chain network. The project is fully decentralized, and works with smart contracts to bring together companies, entrepreneurs, and freelancers in a trustless, freelance labour market.
Why Argon? The Platform Launches on June 1
The Argon team have confirmed the launch of their freelancer platform on June 1, which will enable employers, entrepreneurs, and freelancers within the blockchain industry to interact in a decentralized labour market. The platform is zero commission, and makes use of smart contracts to guarantee the security of user funds, and platform users can also earn the ARGON token by acting as “validators” and approving jobs in order to earn ARGON per job approved.
How did the coins perform last week?
The seven day period generally led to positive results across the market, and the trend was also reflect among the previous week’s top coins to watch. AGI improved by 37% and is currently trading at around $0.23. ALICE jumped by 38%, but the best performer was HRD, which climbed by a whopping 76% over the 7-day period. Over the course of the week, the total cryptocurrency market cap moved from $1.43T to $1.48T (+3.6%).