After several weeks of action, things have finally started to calm. Bitcoin dropped to as low as $53,240 during the week, but ended it at $56,594. Our own KCS managed to hang around the $5 mark. It hit a high of $5.27 during the week but dropped to $4.96 by the week's end.
Anyway, with last week having come and gone, there were 3 altcoins worth keeping tabs on, which the KuCoin blog will now cover.
Harmony can best be described as a dApp platform that allows you to both create and use decentralized applications. It is a sharding protocol that is scalable and ultimately able to achieve a two-second finality, allowing for some of the fastest transactions. The ONE token lies at the center of the ecosystem, allowing holders to participate while also being the payment method of choice for the platform.
The reason for ONEs inclusion here is down to a number of things. First, it is a solid project with more than two years of operation behind it. Next, the team have been holding weekly AMAs with their community, providing a lot more transparency and insight into Harmony. Otherwise, new partnerships that have been announced over the past few weeks and the upcoming bridge between Binance Smart Chain and Harmony have played a part in helping ONE achieve a 112.7% 7-day ROI.
Trade ONE and 200+ other altcoins on KuCoin.
BitTorrent is a P2P file sharing and torrent platform. It offers a series of products for sharing files and torrents based on the BitTorrent protocol. The platform is becoming increasingly decentralized, thanks in no small part to its native token BTT. BTT is being used as the medium of transaction across the BitTorrent ecosystem, including its decentralized storage service.
While the underlying TRON technology has been going from strength-to-strength lately, BTT has seen significant interest this week too due to the announcement of two different trading competitions. In addition, driven by the Decentralized storage market recovering and hyped by Justin Sun, BTT achieved a 106.8% 7-day ROI.
Trade BTT and 200+ other altcoins on KuCoin.
Filecoin works as a decentralized storage system. It is an open protocol and backed by a blockchain that records and stores the files of users. It operates using built-in economic incentives to ensure files are stored reliably over time. This is done with the native token FIL, which is used as payment for storage and retrieval.
There was some big news this week regarding the FIL token. Greyscale, a leading cryptocurrency investing fund, announced that it will now include FIL as an investment product in its fund. This, of course, shows that it has a lot of trust in the token and project, improving the sentiment around it. Another notable change these past few days is the increase in storage capacity, spurred by the increase in miners and trading volume. All in all, FIL was able to achieve a 45.5% 7-day ROI.
Trade FIL and 200+ other altcoins on KuCoin.
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