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Top 3 Coins to Watch April 5 - April 11, 2021

3y ago
bullish:

30

bearish:

7

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The top 3 coins to watch

As we move into 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. Enjin Coin (ENJ)  

Enjin Coin (ENJ) is a crypto token that’s designed for social gaming. The ERC20 token allows virtual goods to be traded on the blockchain via smart contracts, and also allows for the trading of Non-Fungible Tokens (NFTs).

JumpNet Launching on April 06     

JumpNet is a high-speed bridge network launching on April 06 that will facilitate free, swift, and secure on-chain transactions of ENJ and ERC-1155 tokens. The network will see Enjin Coin continue to improve its NFT compatibility and functionality and additional releases will see the launch of two-way bridges between JumpNet, Ethereum, third-party chains, and Efinity a specialized decentralized blockchain for NFTs. JumpNet will facilitate quick and easy minting, trading, and sending of NFTs and the Enjin team have also announced that the launch will be accompanied by the popular GameTalkTalk joining the Enjin ecosystem, and you can read more about JumpNet here

2. Ecomi (OMI) 

ECOMI’s mission is to create the world’s best platform to purchase, protect and collect premium licensed digital collectibles using Distributed Ledger Technology.

Mermicorno and DeLorean Collectible Releases This Week 

Ecomi is another emerging NFT/gaming collectibles platform and the team have announced that tokidoki's Mermicorno Series 1 set of digital collectibles will be released on the VeVe App on April 6 at 20:00 PST. The unique Unicorn styled characters will be available on both the iOS and Android version of the VeVe apps, and the launch will be followed by the release of the DeLorean collectibles on April 8. As we’ve seen, unique digital collectibles in the form of NFTs are proving to be very popular with creations being snapped up very quickly, and you can find out more about the Mermicorno Series 1 set of unique digital characters here

3. Prosper (PROS) 

Prosper is a cross-chain prediction market platform that is using the on-chain liquidity aggregation technology and ChainLink oracles to provide the most accurate price feeds.

PROS Liquidity Mining Launches on April 8   

The prediction market platform will launch its liquidity mining campaign on April 8 with 410,400 PROS tokens being allocated to liquidity miners. Users can choose 14, 30, or 45 day lockup periods, with rewards being distributed hourly with a seven day vesting period and the total reward pool of 410,400 PROS breaks down into a daily reward pool of 9,120 PROS, and an hourly reward pool of 380 PROS. The liquidity mining campaign will run alongside the current staking campaign involving 291,600 PROS tokens, meaning that approximately $2m worth of PROS  will be distributed via liquidity pools, making up an overall staking campaign of 702,000 PROS tokens worth around $3.5m. You can read more about the mining campaign here

How did the coins perform last week?  

The seven-day period generally led to positive results across the market, which was reflected in two of the last week's top coins to watchTrustSwap increased by 7%, while UniLend declined by 25%. Horizen was the best performer thanks to gains of about 13%. Over the course of the week, the total cryptocurrency market cap moved from $1.76T to $1.89T (+7.16%).

3y ago
bullish:

30

bearish:

7

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