Key highlights:

The BitTorrent File System V1.0.2 Beta is launching soon

Horizen got a new upgrade

Enigma recently launched their mainnet

The top 3 crypto projects to follow this week

As we move towards the final month of Q1, 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. BitTorrent Token (BTT)

BitTorrent Token is a TRC-10 utility token that will be based on the TRON blockchain and will be used on a distributed infrastructure platform to foster faster speed. The platform will enable consumers to continuously contribute small amounts of value from their devices by allowing others to make use of their spare resources.

Why BitTorrent Token?

The team behind the project have recently announced that the BTFS Mainnet V1.0.2 Beta is set to launch on February 26. The launch will be preceded by a live stream from Tron frontman Justin Sun who will outline some of the project’s new features alongside various aspects of the BTT token economy. The live presentation will take place on February 25 at 6:00 PM PST and the fans of the platform will be looking forward to hear what is in store for BTT.

Buy/Sell BitTorrent Token (BTT)

How to buy BitTorrent Token on Binance?

2. Horizen (ZEN)

Horizen is a privacy-focused cryptocurrency that also offers encrypted messaging, incorporates supernodes and Zk-snarks technology. The project was previously known as ZenCash and uses a decentralized governance model.

Why Horizen?

The team have announced that the Sphere by Horizen v1.2.4-beta upgrade is now available and includes improvements to batch withdrawals, new address functionality, as well as in the loading of transactions and addresses from the local DB. They have also announced that ZEN 2.0.19 depreciation will occur at block 680000, which is set to take place on February 25 at 20:47:57 GMT. The ZEN 2.0.20 Upgrade is scheduled to take place beforehand and the team are continuing to develop their platform early in 2020.

Buy/Sell Horizen (ZEN)

How to buy Horizen (ZEN) on Binance?

3. Enigma (ENG)

The Enigma project aims to enhance financial privacy by providing access to privacy-enabled smart contracts.

Why Enigma?

The past week has proved to be monumental for the project after the SEC ordered Enigma to return investor funds after declaring its 2017 ICO as the sale of an unregistered security. The team were also fined and more doubt was cast over the future of the ENG token, as the Enigma mainnet launched on February 13 and is secured by the new native Secret (SCRT) coin. SCRT will be used for staking and transaction fees within the network and the team will soon announce their token swap process for ENG holders. The full details can be found here.

Buy/Sell Enigma (ENG)

How did the coins perform last week?

The seven day period led to mixed results across the market, and last week's top coins to watch saw no major price movements. Tron dropped by around 2% in value, while MANA fared slightly better and made a gain of around 2%. SNT also didn't see any significant action and recorded a tiny gain of around 1%. Over the course of the week, the total cryptocurrency market cap moved from $284B to $282B.