Top 3 Coins to Watch November 9 - November 15, 2020

The top 3 coins to watch this week

As we move through Q4, 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. Bitcoin Cash (BCH) 

Bitcoin Cash was created on August 1st 2017 as a hard fork of Bitcoin. While being very similar to Bitcoin, Bitcoin Cash uses a larger block size which allows each block to hold more transactions, and high profile supporters of Bitcoin Cash include Roger Ver, a well-known Tokyo investor who supported the proposal to increase the block size that led to the creation of BCH.

BCH Hard Fork Takes Place This Week    

Bitcoin Cash (BCH) will fork again this week around November 15 due to a disagreement between core stakeholders. A proposal from the Bitcoin Cash ABC (BCH ABC) group has been contested by Bitcoin Cash Node (BCHN), and as a result a new version of BCH will be created. Binance, Huobi, and OKEx will support the chain split and will take a blockchain snapshot before crediting users with the forked coins. In order to receive the forked coins without using an exchange, it’s best to keep your coins in a personal wallet under your control.   

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2. PChain (PI) 

PCHAIN Network is a new infrastructure chain system for multi-chain application and EVM, and provides an open, scalable platform for third-party developers and makes it possible for large-scale enterprise applications based on smart contracts to operate efficiently.

Why PChain? Mainnet Update & Token Burn This Week 

After upgrading their mainnet last month the team are scheduled to complete their monthly token burn this week. The PChain team will burn 50 million PI tokens on November 15, as they burn 50m tokens each month until 500m tokens are burnt. This will be the fourth monthly token burn and the team have just confirmed that their new iOS mobile wallet is now available for download on the Apple app store with the Android wallet soon to be released. The team have also announced that the Epoch 17 delegation and voting process will end this week with all votes being revealed and confirmed by November 10.  

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3. Stratis (STRAT) 

Stratis is a blockchain platform and digital currency that is designed for enterprise users, with a focus on the financial industry. The main application for Stratis is as a business-friendly blockchain platform that developers can easily build upon. Stratis is designed to simplify the process of using blockchain technology and applications can be built using native C#, which is a widely used programming language. 

Why Stratis? Mainnet Release and Token Swap is Days Away     

The team have announced that their new STRAX mainnet will launch on November 12, and the STRAX Blockchain has been designed to support the development and deployment of DeFi based smart contracts. This represents a pivot towards DeFi from the Stratis team, and the mainnet launch requires a token swap that sees STRAT tokens being burned for STRAX tokens.

The STRAT/STRAX token swap started on October 15 and the swap window will close on November 12 at 9 AM GMT. It’s important for any STRAT holders to complete the swap this week, and you can find out everything you need to know about the swap process from this in depth FAQ article.  

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How did the coins perform last week?

The seven-day period generally led to positive results across the market. However, MCO recorded a loss of around, while FTX Token declined by 4%. Kava improved by around 2% over the week. Over the course of the week, the total cryptocurrency market cap increased from $407.8B to $433B (+6.3%).