Despite the market going through a difficult period, this week’s projects are going through significant developments that should draw attention to their platforms and native currencies.

1. Bitcoin (BTC)

Bitcoin is regarded as the world’s first decentralized digital currency and was created in 2009 by a mystical figure named Satoshi Nakamoto. Bitcoin is a deflationary currency whose issuance is capped at a total supply of 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?

BTC is currently displaying its ability to influence the overall market and was named as a coin to watch for September due to the upcoming SEC decision regarding the CBOE ETF. In addition, Bitcoin is set to experience another fork as the ANON team plan to develop the technology of the Bitcoin and ZClassic blockchains through a co-fork of both cryptocurrencies. The snapshot will take place on September 10, and holders of ZCL will receive a 2:1 ratio of anon and BTC will receive a 1:1 ratio of ANON.

2. Waves (WAVES)

Waves is a cryptocurrency platform that aims to facilitate the trading of digital assets of all kinds as well as real-world commodities. The project was created by Russian physicist, Sasha Ivanov, and allows anyone to create their own custom token and trade it on the Waves platform.

Why Waves?

Waves has its own DEX and provides hosting to a number of ICOs and the project is expanding further by launching its Smart Contract capabilities on September 10. The team has announced that Smart Contracts are scheduled to be on the Waves MainNet in the next few days and this will increase the performance levels of a project that is already well regarded.

PChain (PAI)

PCHAIN Network is a new infrastructure chain system for multi-chain applications and EVM, and provides an open, scalable platform for third-party developers and makes it possible for large-scale enterprises to launch decentralized applications based on smart contracts.

Why PChain ?

The team is set to unveil their Testnet and with the team tweeting that the PCHAIN Testnet 1.0 will be officially launched at 15:00 (Singapore time) on Sep 13. In addition, the team has announced that the Testnet 1.0 has already recorded around 60K tps with 1064 nodes.

How did the coins perform last week?

From the top coins to watch featured last week, QASH fell by around 10.5% over the week and is currently trading at $0.21, while VET dropped by around 13.5% and is currently trading at $0.01. DRGN fell by 6% and is currently trading at $0.19.

All 3 coins outperformed the market, which declined significantly over the week. Opening up at a valuation of $238B on Monday, the week ended with a total cap hovering around $198B, which signifies a 17% drop in total.