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. Fetch.ai (FET)

The Fetch.ai project combines artificial intelligence with blockchain and DAG (directed acyclic graph) data structures to build a scalable and stable ledger. The ledger’s consensus algorithm is called uPoW (useful proof-of-work), which seeks to make the computational power that is used to secure the ledger also perform other useful tasks for the network’s participants.

Why Fetch.ai?

The Fetch team have announced that the 7th round of their Staking Program is soon to get underway with the bidding phase being held on April 21 from 12.00 to 15.00 UTC. The program is open to everyone with the only requirements being the ability to use MetaMask while also holding some FET and ETH to pay for transactions. Participants can take part in the staking auction or pledge tokens as part of a pool with all participants receiving FET rewards. To find out more you can go through the official outline of the Fetch Staking Program on Medium.

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How to buy Fetch.ai on Binance?

2. OKB (OKB)

OKB is a utility token issued by the OKB Foundation. The token is accepted on the OKEx cryptocurrency exchange and is a vital piece of its architecture and development. The token provides access to a range of promotions, features, and incentives, and is not only applied on the OKEx platform but also on other related projects. Similar to most other exchange tokens, OKB can be used for discounts, staking, and additional promotions.

Why OKB?

OKEx is planning celebrate the two-year anniversary of the OKB token with a $2m giveaway bonus. The giveaway will see the team buy back OKB tokens from the market in order to make them available for OKEx users at a 20% discount. The promotion will take place on April 22, at the Subscription Time of 04:00 - 05:00 (UTC), and there will be a 20% discount on the OKB/USDT trading pair price on OKEx 30 minutes before the subscription period begins. Anyone interested in taking part will need to subscribe via the OKEx Jumpstart Page, and the team outline the giveaway in detail here.

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3. Matic (MATIC)

Matic Network is a layer 2 scaling solution for Ethereum which aims to provide major scalability improvements for decentralized applications by utilizing a modified version of Plasma with sidechains based on the Proof-of-Stake consensus mechanism. The project makes use of the MATIC token and held an IEO on Binance.

Why Matic?

The Poloniex exchange has announced the launch of the Matic Hodl & Earn campaign which will run for 21 days from April 17 until May 8. Poloniex plans to take snapshots of users’ MATIC balances four times a day and will hand out the rewards within 2 weeks of the campaign ending. Any Poloniex user who has a positive MATIC balance on the exchange is eligible for rewards and anyone interested can find out more from the official Poloniex support article.

The Matic team have also announced that 100% of unlocked Team and Foundation tokens will be used for staking, while 89% of tokens set to be unlocked on April 26 will not be released onto the market.

Buy/Sell Matic Network (MATIC)

How to buy Matic Network on Binance?

How did the coins perform last week?

The seven day period generally led to positive results across the market and last week's top coins to watch benefited from the positive sentiment as well. Tezos was the best performer out of the bunch and made a gain of around 17%. Meanwhile, Kucoin Shares made a gain of 2%, while Horizen improved by 5%. Over the course of the week, the total cryptocurrency market cap moved from $194B to $209B, a 7.7% increase.