We are now moving into the second half of the year and entering Q3. This week’s choices are engaged in developing their platforms and performing project upgrades that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.

1. Celer Network (CELR)

Celer Network is a Layer 2 scaling solution that aims to facilitate fast, and highly scalable blockchain based transactions and applications. The project makes use of the cOS development framework and runtime for off-chain enabled applications, and the cChannel state channel and sidechain suite. Celer also uses Proof of Liquidity Commitment (PoLC) which is a virtual mining process that helps to ensure liquidity for the off-chain ecosystem.

Why Celer?

The team are gearing up to launch their alpha mainnet launch, and their generalized state channel network is set to go live on July 8. This will lead to further developments such as cChannel cross-chain interoperability, and an SDK public v4.0 release to improve the UX for the cOS framework. The team also plan to enable their Liquidity Backing Auction (LiBA), and State Guardian Network (SGN) later this year. The team are also welcoming applications to be an exclusive early tester ahead of the public release.

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How to buy Celer Network (CELR) on Binance?

2. Elastos (ELA)

Elastos is a smart web project that aims to build a safe and reliable version of the internet. By utilizing the blockchain, the team provide a safe environment where decentralized applications are detached from the internet and Elastos also enables the ownership and exchange of personal data and digital assets.

Why Elastos?

The team have announced the completion of their Delegated Proof of Stake (DPoS) consensus implementation, and Elastos uses a hybrid mechanism that consists of Auxiliary Proof of Work (AuxPoW) and Delegated Proof of Stake which allows blocks to be packaged by Bitcoin miners who merge mine BTC with ELA. This has enabled the launching of community elected DPoS Supernodes and the team are now continuing to develop their token sidechains with both NEO and Ethereum smart contract compatible sidechains soon to launch.

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3. Ren (REN)

Formerly known as Republic Protocol, Ren allows traders and institutions to utilize decentralized dark pools, transfer tokens trustlessly and make swaps between blockchains. The team aim to facilitate a new open finance movement, and foresee the free movement of value between blockchains with token transfers processed via zero-knowledge technology.

Why Ren?

The team are continuing to develop their platform ahead of their testnet launch and have produced new SDKs and developer tools. The RenVM has also recently been successfully deployed to Devnet and the Hyperdrive consensus algorithm has been successfully implemented. This all paves the way for the RenVM to shortly be deployed on testnet ahead of the eventual mainnet launch. The continued platform development should result in renewed interest in the REN token.

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How did the coins perform last week?

The fluctuations over the week had a significant effect on the market and WAVES fell around 18% in value and is currently trading at around $1.92. TRX was slightly more resilient, and fell by around 6% in value, and is currently trading at $0.03. MATIC was the strongest performer, and climbed by 21% over the week, and is currently trading at $0.02. Over the course of the week, the market climbed from $325B to $340B, although the bulk of this growth was due to Bitcoin.