Top 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 top coins to watch 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. 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 BitTorrent team have announced that the 14th BTT airdrop for TRX holders will take place after a snapshot is recorded on March 11. The 13th BTT airdrop was completed after the snapshot height was taken of block number 17040656 which occurred on Feb 11, 12:00:00 AM UTC with the timestamp 1581379200000. The last airdrop ratio of TRX/BTT was calculated at approximately 100.9140, and TRX holders can expect a similar payout in March for continuing to hold TRX tokens once a snapshot is taken.

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How to buy Tron on Binance?

2. Energi (NRG)

Energi is a next-generation proof-of-stake (PoS) cryptocurrency that combines smart contracts, decentralized governance, and a self-funding treasury. Founded by popular social media influencer Tommy World Power, the project has grown to more than 60 team members and 225,000 community members, and continues to attract new network participants.

Why Energi?

The project is set to upgrade to Energi Gen 3 this week with migration scheduled to take place on March 10, at 12:00 PM UTC. The launch of Energi Gen 3 means that all NRG coin holders must migrate their coins, and stop moving their NRG before the migration date. The pause on transfers also includes exchange deposits and withdrawals, and the team outline the entire process here.

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3. PChain (PI)

PCHAIN Network is a new infrastructure chain system for multi-chain application and EVM, providing an open, scalable platform for third-party developers in the industry and making it possible for large-scale enterprise applications based on smart contracts.

Why PChain?

The team have announced that the PChain mainnet will upgrade to V1.2.01 at 11:00 (UTC+8) on March 13. The upgrade will improve the extract reward function, and will be supported by exchanges including Bithumb Global, Gate.io, and Coinsuper. The mainnet token swap period will also end later this month at 23:59 (UTC+8) on March 31. The PChain team outline the full token swap details here.

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How did the coins to watch perform last week?

The seven-day period ended with a massive sell-off in the cryptocurrency market, with cryptocurrencies losing value across the board - however, two of last week's three top coins to watch managed to show (modest) gains anyway. Bitcoin lost 9.5% of its value and is currently trading at around $7,900. Kyber Network picked up by around 6.6%, and is currently trading at $0.73. Loopring made a gain of around 3.6%. Over the course of the week, the total cryptocurrency market cap moved from $240B to $221B (-7.9%).