As we move through September, and continue to move into the second half 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. Bitcoin (BTC)

Bitcoin is the world’s first decentralized digital currency, and was created in 2009 by a mysterious figure named Satoshi Nakamoto. Bitcoin is a deflationary currency with its maximum supply capped at 21 million coins. Bitcoin is the most popular cryptocurrency and is traded on various exchanges and is also used in peer-to-peer transactions.

Why Bitcoin?

Bakkt is set to offer physically-delivered daily and monthly Bitcoin futures from September 23 onwards, and the trading platform’s qualified custodian arm Bakkt Warehouse is currently accepting customer Bitcoin deposits and withdrawals. The futures platform run by Bakkt's parent company, the Intercontinental Exchange (ICE), will process the trades, and the service will be the first to Bitcoin futures products to actually involve the physical exchange of Bitcoin. There is still much speculation around the possible impact of the Bakkt launch and Bitcoin is fluctuating at round the $10,500 mark and will likely dictate which way the market moves over the coming weeks.

Buy/Sell Bitcoin (BTC)

How to buy Bitcoin (BTC) on Binance?

2. Vite (VITE)

VITE is a high-performance decentralized application platform that incorporates the tools and features necessary to build industrial-scale applications. The platform also provides high throughput, low latency and scalability while taking security into account.

Why Vite?

The team have announced the start of their VX Mining program, which is set to begin on September 9, 12:00 UTC+8. Anyone can earn VX by trading, staking, or market making on ViteX exchange. They can also be earned by making referrals and the total supply stands at 100 million VX, with daily dividends being released from a shared pool according to the following allocations:

60% for Trading, Referring and Listing (15% each for BTC, ETH, VITE and USDT Markets)

20% for Staking

10% for Market-Making

10% for Vite Labs Team

3. Metal (MTL)

Metal is a cryptocurrency that operates on the Ethereum blockchain, and uses a technology called Proof of Payments Processed which awards individuals with a small proportion of Metal for each dollar spent. Metal also operates as a money transfer system that enables funds to be sent globally to a phone number, and the MTL token can also be used for in-game purchases and sending payment to friends and family.

Why Metal?

The team have outlined their new fee structure that is set to begin on September 9, and Metal Pay users will receive a fee reduction when buying and selling cryptocurrencies in relation to the balance of MTL held on their mobile app. The 5% trading fee drops to 3% for anyone holding 50 MTL, and users can pay 0% fees if they hold a minimum of 10,000 MTL. The fee structure applies to all of the 19 cryptocurrencies available on the platform, and the team outline the various tiers here.

Buy/Sell Metal (MTL)

How did the coins perform last week?

The seven-day period led to positive results across the market, while last week's coins to watch showed mixed results. KCS improved by 6% in value and is currently trading at around $1.44. However, WAN fell by around 19% in value, and is currently trading at $0.29 and NAS made a marginal move of 1% in value and is currently trading at $0.65. Over the course of the week, the market moved from $251B to $269B.