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Top 3 Coins to Watch August 10 - August 16, 2020

4y ago
bullish:

8

bearish:

2

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As we move through Q3, 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. Digitex Futures (DGTX)

Digitex Futures Exchange allows traders to buy and sell futures contracts on various digital assets, commodities and financial instruments. All trades are fee-free, and the DGTX token derives value as traders on the platform must have a balance of DGTX in order to place trades, and can also win or lose their DGTX.

Why Digitex Futures? Automated Trading API Integration Takes Place This Week

After completing their public launch earlier this year the DGTX team are ready to make further platform upgrades, and plan to integrate their trading API this week. The API will allow platform users to make use of automated trading strategies via plugging in their bots, and trade on the platform around the clock. The team also plan to add to the ETH/USD futures market this month, and go on to add products that give traders exposure to traditional futures such as gold, oil, and the S&P 500 futures markets. Digitex Futures continues to push forward, and the team outline all their plans for the remainder of the year in their official blog post.

2. AdEx (ADX)

 AdEx is a decentralized ad exchange with its own ERC20 Ethereum token. The project aims to eliminate online advertising fraud, and facilitate clear and verifiable reporting, so that advertisers know that they haven’t been defrauded by bot activity or other forms of cheating. The AdEx Network has multiple layers, with the ad exchange the top layer and operating as a direct link between publishers and advertisers.

Why AdEx? DeFi Token Upgrade Instructions Released This Week

The ADX token will soon be upgraded in order to allow for built-in flash loans as the AdEx team look to incorporate DeFi features. The new ADX token smart contract will allow anyone to borrow ADX while needing to return them by the end of the Ethereum transaction. The ADX token is currently used to stake against the reputation/uptime of validators, and the upgrade will introduce token fixes and new features and the team plan to release finalized instructions on how to upgrade tokens on August 11. Currently, anyone staking ADX on the official staking portal, will have their tokens automatically upgraded, as will anyone holding their ADX on Binance, Bittrex, or Huobi. Check out the team’s blog post to find out more about the planned upgrades.

3. Switcheo (SWTH)

Switcheo Network is a decentralized exchange which supports trading in Ethereum, NEO, and EOS based digital assets. The platform incorporates cross-chain swapping capabilities across popular blockchains, and retains a focus on delivering a world-class trading experience in a trustless and decentralized environment. 

Why Switcheo? The TradeHub Genesis Block Kicks Off This Week

The Switcheo TradeHub launches this week, and will allow anyone to stake their Switcheo tokens (SWTH) and earn rewards. The launch date is days away and Switcheo TradeHub will mint its genesis block on 12 August 2020. SWTH holders have the option of joining staking pools, and delegating their SWTH tokens to validators, and early stakers have the ability to earn a weekly rate of 1.92% of their total stake, and the team outline the staking process in detail here.

How did the coins perform last week?

The seven day period generally led to positive results across the market; and ETH made a 5% gain and is currently trading at around $391. ICX made a gain of 15%, and is currently trading at $0.43. FET was the strongest performer, and improved by around 30% over the week, and is currently trading at $0.0942. Over the course of the week, the market moved from $340B to $361B.

4y ago
bullish:

8

bearish:

2

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