Top 3 Coins to Watch May 25 - May 31, 2020

The top 3 coins to watch this week

As we move into Q2, a number of 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. Theta Token (THETA) 

The Theta Token is used to power a social video delivery network that operates in a manner similar to YouTube. The project ensures everything is delivered on the blockchain and remains fully decentralized. 

Why Theta?    

The team have announced that the Theta Mainnet 2.0 will launch at the block height 5,877,350 which is expected to occur on May 27 at roughly around 12.00 PST. The blockchain will fork to the new mainnet codebase, and will be supported by Exchange/Enterprise Validator Nodes run by Binance, Samsung, and Blockchain Ventures.

While THETA token holders aren’t required to do anything, anyone aiming to stake by running a Guardian Node should download the new app before Guardian Node staking is enabled on by June 3. In order to find out more, it’s worth checking out the Mainnet 2.0 FAQ the Theta team have put together.

Buy/Sell Theta Token (THETA)

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2. Vite (VITE)

Vite is a blockchain based platform for decentralized applications (dApps) that provides the right tools for building industrial applications with high-throughput, low latency and scalability. The platform also allows for high performance while ensuring the highest levels of security are maintained.

Why Vite?       

The Vite Mainnet is scheduled to complete a 4th hard fork at 4 AM (UTC+0) on May 27. The MARS upgrade will occur at block height 31305900, and will include updates to enhance ViteX order placing/canceling, and to merge the request queue of these orders into one single queue. The MARS fork will also improve order placement via the ViteX API by reducing the number of interface called and latency via the addition of an aggregate interface. 

Buy/Sell Vite (VITE)

How to buy Vite on Binance?

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3. Sinovate (SIN) 

Sinovate is a Peer-to-Peer (P2P) digital currency and ecosystem which combines the custom X25X algorithm alongside Komodo’s Delayed Proof of Work (dPoW). This is intended to provide an additional layer to safeguard the network against 51 % attacks, by leveraging the hash rate of the Bitcoin network via a process known as notarization.

Why Sinovate?   

The project has a number of updates lined up which include the launch of a new website on May 27, and the release of SINOVATE Infinity Nodes (SIN) One-Click Node setUP Cold Hosting on May 28. The team will also release a range of SINOVATE native mobile wallets on all platforms on May 29, and it’s a good idea to keep an eye on the official Sinovate social media channels in order to keep up with the releases.

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How did the coins perform last week?  

The seven-day period generally led to mixed results across the market. Here's how last week's top coins to watch performed: Matrix AI Network was the best performer from the bunch, gaining around 8% in value. Binance Coin came in second and made a gain of around 3%. WBTC, on the other hand, tracked the price of Bitcoin as designed and recorded a loss of about 2%. Over the course of the week, the total cryptocurrency market cap moved from $267 billion to $259 billion (-3%).