The top 3 coins to watch this week

As we move into Q2, 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. Digitex Futures (DGTX)

Digitex Futures Exchange allows traders to buy and sell futures contracts on various digital assets, commodities and financial instruments. All trades are fee free, and the DGTX token derives value as traders on the platform must have a balance of DGTX in order to place trades, and can also win or lose their DGTX.

Why Digitex Futures?

The team have announced that they are on schedule to launch their DFE Mainnet on April 27. The exchange platform will be tested by 20 traders before finally being opened up to the greater crypto community at a later date. The exchange will also run a daily prize pool of 20,000 DGTX, which will increase by 1000 DGTX with each new trader onboarded up until a maximum of 100,000 DGTX. The team outline the launch details here, and anyone interested in the platform should keep an eye on the official Digitex social media accounts for all the latest news.

2. FTX Token (FTT)

FTT is the official token of the FTX cryptocurrency derivatives exchange. Similar to other exchange tokens, FTT allows it holders to get fee discounts and tighter OTC spreads. The token is also used as collateral on FTX, and the exchange buys back and burns FTT equal to 33% of all fees generated on FTX markets with token holders being able to receive socialized gains.

Why FTX Token?

The exchange recently launched the BVOL and iBVOL leveraged tokens on April 23. BVOL tokens track the daily returns of being 1x long the implied volatility of BTC, and iBVOL does the same for being 1x short the implied volatility of BTC. FTX has also just launched crude Oil Futures, and these futures oil contracts expire to the spot price of WTI oil plus $100. FTX has added $100 to the value of each contract to protect traders from the spot price going negative. These additions will help an exchange that is already proving popular with traders, and you can find out more about the Oil Futures here.

Buy/Sell FTX Token (FTT)

How to buy FTX Token on Binance?

3. Constellation (DAG)

Constellation is a distributed system that scales horizontally with every additional node to the network. It doesn't operate on the blockchain, but instead uses a directed acyclic graph (DAG) architecture.

Why Constellation?

The team are scheduled to conduct a token swap with the ERC20 token switching to the Hypergraph Mainnet DAG on April 29 at 06.00 am UTC. This is projected to occur at the Ethereum block height 9966936. In preparation for the swap, the ERC20 DAG token will get delisted from Idex on April 28. The team have also recommended that DAG holders with draw their tokens from exchanges before April 28. The team outline the swap process for all community members and node operators in their official Medium post.

Buy/Sell Constellation (DAG)

How did the coins perform last week?

The seven-day period generally led to positive results across the market. The best performer out the previous week's top 3 coins to watch was Fetch.AI, recording a gain of around 23%. OKB saw a small price of increase of about 2%, while Matic Network performed much better and improved by 16%. Over the course of the week, the total crypto market cap moved from $209B to $222B (+6.2%).