Top 3 coins to watch this week

As we move towards the end 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. Waltonchain (WTC)

Waltonchain is a blockchain architecture that’s been designed for the coming Internet of Things (IoT) age. Waltonchain uses RFID technology and aims to eradicate retail counterfeiting. After proving the concept by successfully operating in the men’s clothing company industry, the team aim to branch out into areas and are in talks with other clothing companies to roll out their RFID-based technology.

Why Waltonchain?

The team have announced that their Payout and Swap Change program will begin on March 17. The changeover will see KIRINPOOL swap the payment currency of mining rewards from ERC-20 WTC tokens to mainnet WTC coins, while all WTC tokens in Waltymall will also be automatically swapped to mainnet WTC coins. As a result, users need to change the withdrawal address to one that supports mainnet WTC coins in order to avoid any loss of assets. The team outline the full process here, and explain how to complete the necessary changes.

Buy/Sell Waltonchain (WTC)

2. Komodo (KMD)

Komodo is a cryptocurrency and platform designed for maximum security and privacy. The Komodo platform provides smart contracts and supports the BarterDEX decentralized exchange which allows traders via atomic swaps. Komodo is linked to Bitcoin, and uses a consensus mechanism that is backed by the Bitcoin hashrate. Anonymous transactions can be sent via Komodo using zk-snarks technology.

Why Komodo?

The project’s Fourth Notary Node Election commences on March 16, and allows anyone interested in becoming a Notary Node candidate to take part in the annual election process. Voting will remain open from March 16 until April 6, with the winners being announced once the election process ends at 12:00 UTC on April 6. There is a Komodo Core update scheduled for mid-April with a hardfork activation set for May 31.

Anyone looking to run in this year’s election must announce their candidacy by 12:00 UTC on March 16, with all candidates expected to announce their candidacy in a written proposal submitted to the Notary Node repository on Github. The team give full instructions on how to take part in the election here.

Buy/Sell Komodo (KMD)

How to buy Komodo (KMD) on Binance?

3. Nexus (NXS)

Nexus is a decentralized network which incorporates a number of security-minded features including prime mining, hash mining and Nexus proof of stake. The Nexus network is designed in a manner so that votes can be obtained from these three channels and consensus reached, preventing any one layer from becoming too powerful. Nexus also pays out interest starting at 0.5% and rising to 3% within a year in return for maintaining trust keys.

Why Nexus?

The project is set to undergo its v5.0.1 Nexus Core hard fork on March 20 at 3:49am (GMT), and all users/nodes are required to use version 5.0.1 or greater to be able to sync with the network. This upgrade removes the migrate feature, and also introduces transactions v2 which enables users to generate invoices and send them to other users. Other features include module improvements, bug fixes, and adding new currencies such as the Indian Rupee and Polish Zloty. The full details can be found on the team’s official Github release.

Buy/Sell Nexus (NXS)

How did the coins perform last week?

The seven day period led to the vast majority of coins making significant losses, and last week's top coins to watch were no different. TRX fell by around 36% in value, while NRG dropped by around 38%. PI saw a loss of about 43%. Over the course of the week, the total cryptocurrency market cap moved from $225B to $150B.