Loopring (LRC)

Loopring is a protocol that facilitates the automated execution of trades. These trades can take place across various crypto-token exchanges, with Loopring providing a decentralized system with high levels of security and liquidity. Loopring enables users to keep their tokens on the main blockchain addresses instead of having to send them to exchanges. The platform uses ring-matching, which breaks orders into small parts and then places them on multiple markets simultaneously, and finds the best time to trade them for optimum return.

The technology underpinning Loopring enables any blockchain with smart contract support to be compatible and ERC20 tokens, NEP-5 tokens, and similar offerings can all be traded using the Loopring system. The team behind the project has announced plans to make the Loopring protocol compatible with both the NEO and Qtum networks. As a result, holders of LRC tokens can take part in the scheduled airdrop of LRN and LRQ tokens. The team has announced that a snapshot of the Ethereum blockchain will be taken at block #5888888, which is expected to be reached between July 1 and July 4. The first LRN airdrop is set to take place on Thursday, July 5. The LRC token is also reacting to a recent Bithumb listing which has seen the price appreciate recently, and LRC is currently trading at around $0.40.

ZenCash (ZEN)

ZenCash is a privacy coin that enables encrypted messaging and incorporates supernodes and Zk-snarks technology. The project was initially based on Zcash and uses a decentralized governance model. The ZenCash team is scheduled to roll out their supernode system this month and node operators are required to have at least 500 ZEN in a t-address for staking. In addition, secure nodes are still available to holders of at least 42 ZEN.

The new super node network will also see node operators receive 20% of the block rewards, which is an increase from the previous figure of 3.5%, and the 20% will be evenly split between secure nodes and super nodes. ZEN has also responded positively to the recent news that it is being accepted as a payment option on a prominent adult website and is currently trading at a price of $17.75.

Bitcoin (BTC)

It is still a good idea to keep an eye on Bitcoin as it is still relatively unsure of the direction the market is headed. BTC grew by around 7.5% in value this week and responded well to the surge in total market valuation that took place towards the end of the week. BTC trading also topped $5B this week and Bitcoin has increased its market dominance to around 42.2%.

As various analysts are predicting the possible end of “alt season”, Bitcoin remains a strong option and regardless of the direction the market takes. BTC is often expected to be more resilient than the majority of other coins on the market. BTC is currently trading at a price of $6,363.