Key highlights:

Steem DApps are moving over to the TRON network

Decentraland's platform is set for public launch soon

The Status V1 app is now live

The top cryptocurrencies to watch this week

As we move through the second month of the year, a number of projects are embarking on renewed roadmaps, and this week’s choices are set to benefit from significant developments 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. Tron (TRX)

TRON is a blockchain based decentralized protocol that aims to construct a worldwide free content entertainment system while utilizing blockchain and distributed storage technology. The protocol allows users to publish, store, and own data, while the decentralized system manages subscriptions, distribution and the push of content.

Why Tron?

The team behind Tron have recently announced that the TRON Foundation has entered into a strategic partnership with Steemit Inc., the blockchain-based social media platform. The partnership will see Steemit and other Steem-based blockchain decentralized apps such as the YouTube alternative D-Tube moving over to the Tron network. The move will eventually result in the STEEM token becoming a new token based on Tron, and STEEM holders should keep an eye on developments to stay on top of how the token switch will be handled.

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How to buy Tron (TRX) on Binance?

2. Decentraland (MANA)

Decentraland is a virtual reality platform that allows users to create, experience, and monetize content and applications on the Ethereum network. The platform incorporates its native MANA currency which allows its users to purchase items and services including land, buildings, and unique designs within the virtual world.

Why Decentraland?

After much anticipation, the team have announced that platform is set for its public launch on February 20, and the launch will include the establishment of the Decentraland DAO. This will see the creation of a fully decentralized infrastructure and the launch will also be accompanied by a virtual treasure hunt which includes collectible NFTs and tokens. The full details of the launch can be found in this official blog post.

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3. Status (SNT)

Status is designed as a mobile browser that makes it easy for users to access the Ethereum network and the world of decentralized apps. Status also allows users to buy and sell Ether locally and exchange goods and services built using decentralized apps, and is available to both Android and iOS smartphone users.

Why Status?

The team have announced that Status V1 is now live and available in the Apple and Google App Stores, as well as via APK. The project has been in development for over a year, and looks set to rival Telegram with regards to usage among the crypto community. While it’s still early days for the project, the launch is a significant step forward for Status and will have ramifications for the SNT token. Full details of the launch can be found here.

Buy/Sell Status (SNT)

How to buy Status (SNT) on Binance?

How did the coins perform last week?

The seven-day period led to mixed results across the market. EOS dropped by around 11% in value and is currently trading at around $4.25. BNB fared better, but still lost 6%. ZIL saw a small increase of 1.5%. From Monday to Monday, the total cryptocurrency market cap did not make any progress despite a significant surge in the midweek period.