As we move towards the end of the year, 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 uses a delegated proof-of-stake architecture to provide a scalable platform for decentralized applications and smart contracts. Tron is one of the most popular DApp platforms on the market, alongside Ethereum and EOS.

Why Tron?

The TRX token is set to benefit from the launch of a trading competition on the Bitfinex exchange. The competition will run from 09/12/19 at 00:00 AM UTC to 15/12/19 at 11:59 PM UTC and will take into account a user’s TRX trading volume for all TRX pairs during the contest period. Anyone taking part will be able to win rewards from a total prize pool of up to 7.5 million TRX, and will need to enable their account for the public leader board. More information can be found in the official Bitfinex announcement.

Buy/Sell Tron (TRX)

How to buy Tron (TRX) on Binance?

2. Waves (WAVES)

Waves is a cryptocurrency platform that aims to facilitate the trading of digital assets of all kinds as well as real-world commodities. The project was created by Russian physicist Sasha Ivanov and allows anyone to create their own custom token and trade it on the Waves platform. The project has also hosted a number of ICOs and been a reliable choice for teams looking to raise funds via an Initial Coin Offering

Why Waves?

The team have announced that the period for submitting votes on changing Waves’ block reward size will start on December 9 and last for one week. Block generators have a choice to either increase, decrease, or leave the current emission schedule unchanged, and the current reward scheme is 6 WAVE tokens. The team advise node operators to go familiarise themselves with the block size vote and current reward structure by visiting the official documentation.

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How to buy Waves (WAVES) on Binance?

3. TE-Food (TFD)

TE-FOOD is a fresh food ecosystem which integrates supply chain companies, consumers, and governments/authorities to improve food safety, eliminate fraud, and decrease operating costs. The DLT system sees identification tools being applied to livestock, transport vehicles, and fresh food packages to follow the items through the supply cycle. Here, fresh food products can be traced back to their origins and the system is supported by a node-operated blockchain system.

Why TE-FOOD?

The team behind the project have announced that they have onboarded 100 new masternodes to improve the security and decentralization of their network. They have also recently announced their BlockSeal solution which provides an easy way for certificate issuers to upload certificate data, and generate an electronic version of the certificate stored on the blockchain and immutable in nature. A lesser known project, TE Food continues to progress commercially and more information on BlockSeal can be found here.

Buy/Sell TE-FOOD (TFD)

How did last week's coins perform?

The seven-day period led to mixed results across the market and the results were highly varied for the previous week's top coins to watch as well. ETH improved by 1% in value and is currently trading at around $147. KNC performed very well and jumped by 36%. EOS was the worst performer of the bunch, losing around 3%. Over the course of the week, the total market cap moved from $202B to $205B.