As we move into the month of August, this week’s choices are set to benefit from significant developments and promotions 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. Litecoin (LTC)

Litecoin is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. Litecoin is a fork of Bitcoin, so it shares many of the same characteristics but benefits from shorter block generation times, and lower transaction fees than Bitcoin. Litecoin has also been quick to adopt new features such as Segregated Witness and the Lightning Network, and if often viewed as a testing ground for Bitcoin.

Why Litecoin?

Similar to Bitcoin, Litecoin goes through a block mining reward halving process approximately every 4 years after 840,000 LTC blocks have been mined. The miner rewards are being reduced by 50%, and the second Litecoin halvening is scheduled to take place this week with the miner reward decreasing from 25 LTC to 12.5 LTC on August 5. With just over 600 blocks left to mine until the halvening, the decrease it set to take place on Tuesday, and the resulting price action will give us a clearer indication of Litecoin’s value over the coming weeks.

Buy/Sell Litecoin (LTC)

How to buy Litecoin (LTC) on Binance?

2. NOIA Network (NOIA)

NOIA Network operates a Network-as-a-Service (NAAS) solution which provides Multi Protocol Label Switching (MPLS) quality connectivity between access points and creates a global Software Defined Network (SDN) on the public Internet. NOIA also allows anyone to trade their infrastructure as transit/access points on their Decentralized Internet Transit Exchange (DITEX), and the network incorporates Segment Routing, IPv6 in addition to Distributed Ledger Technology (DLT).

Why NOIA?

The team recently conducted a successful IEO and the NOIA token has been listed on Kucoin. In conjunction with the exchange, the team are conducting an airdrop promotion and will take a snapshot on August 12 of NOIA token trading and calculate the net buying volume (net buying volume = buying — selling volume) on KuCoin across all NOIA trading pairs. All eligible holders at the time of the snapshot will be entitled to 5 months of airdrops. NOIA node operators are also eligible to receive bonus tokens and the team outline the promotions here.

Buy/Sell NOIA Network (NOIA)

3. Loom Network (LOOM)

Loom Network is a platform that makes it simple for developers to build highly scalable games and social apps on the blockchain. It does this through the concept of a DAppChain, which is a standalone blockchain that is bonded to an Ethereum smart contract via a Relay. The LOOM token functions as a membership pass, giving access to all DApps running on Loom Network.

Why Loom?

Kucoin users will be able to engage in staking their LOOM tokens on the exchange this week with Soft Staking set to begin on August 4. Everybody keeping their LOOM tokens on Kucoin will automatically be able to benefit from the staking process, and the exchange will adjust the staking proportion of LOOM every calendar day and calculate payments daily via snapshots taken at 23:59:59 (UTC+8) each calendar day. The daily revenue will be distributed the next day, and the Kucoin team explain the full specifications in their official announcement.

How did the coins perform last week?

The seven-day period led to mixed results across the market and FET fell by 9% in value and is currently trading at around $0.08. HPT grew by around 7% in value, and is currently trading at $0.01, while TOMO dropped by around 8% and is currently trading at $0.52. Over the course of the week, the market moved from $262B to $287B.