Top 3 Coins to Watch August 30 – September 5, 2021

Top 3 Coins to Watch August 30 - September 5, 2021

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. Kucoin Shares (KCS) 

Kucoin is an exchange which gives its users access to a range of up and coming projects as well as more established coins. The exchange also hosts Initial Coin Offerings (IEOs) and operates its own currency known as Kucoin Shares (KCS) which operates as a standard ERC 20 token based on Ethereum blockchain. Holding the KCS token allows platform users to experience a number of benefits including a discount on trading fees, and access to any Kucoin IEOs. 

Why Kucoin Shares? 70m Unlocked KCS Released on September 2     

The Kucoin team launched their KCS token with a total issuance volume of 200 million, and a buy-back disposal function that would help to maintain a 100 million constant supply of KCS. As a result, 100 million KCS were made available to the public in September 2017, with 30 million given to angel investors subject to a two-year lock-up period. The remaining 70 million KCS issued by the founders were subject to a four-year lock-up period starting on Sep 2 2017, and will now be released on September 2, 2021. The 70 million tokens represent the exchange founders’ permanent holdings and the release may not have an extremely detrimental effect on the price of KCS. Anyone holding KCS can found out more about the lock up and release here.

2. My Neighbor Alice (ALICE)

My Neighbor Alice is a multiplayer builder game developed on the DAO Maker platform. Users are able to buy and own virtual islands, collect and build exciting items and meet new friends through the game. The game aims to combine a fun narrative for regular players that want to enjoy the gameplay an ecosystem developed for players who want to collect and trade NFT’s.

Why My Neighbor Alice? Pre-Alpha Playtesting Opens Up on August 31

The My Neighbor Alice team have confirmed that their pre-alpha version will be available for playtesting on August 31. As a result, ALICE token holders will be able to test a pre-alpha version of the game, get to know Lummesta town, and experience the introductory chapter of My Neighbor Alice. This opening chapter will be available for testing until September 30, and all ALICE holders can take part in the one month testing period. Anyone interested can find a detailed guide and FAQ here, and a guide on how to access the pre-alpha testing here.

3. Zilliqa (ZIL)

Zilliqa is a high-throughput public blockchain platform that is designed to scale and incorporates a sharding technology that allows users to develop smart contracts and dApps directly on their platform. The project makes use of a novel consensus protocol that increases transaction rates as the network expands with more transactions per second being processed as more mining nodes join the network.

Why Zilliqa? Network Upgrade on August 30

The Zilliqa team have announced that there will be a network upgrade on August 30 from 03:30 to 10:00 UTC. The upgrade will help to improve performance and functionality with regards to node synching, PoW submission handling, memory cleanup, and network stability for the JSONRPC API service. The upgrade also includes all the necessary features to enable the ZIL Bridge, and the bridge will go live once PolyNetwork is fully operational. ZIL holders will not need to do anything while the upgrade takes place and node operators should check the project’s social media channels for further instructions. 

How did the coins perform last week?

The seven day period generally led to mixed results across the market; and ICX fell by 5% and is currently trading at around $1.38. NRG dropped by 4% and is currently trading at $1.87, and FIRO improved by 4% over the week, and is currently trading at $7.58. Over the course of the week, the market maintained an overall valuation of $2.13T-$2.11T .   

   

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