Things have really begun to settle down in the crypto market. We’ve had a few ups and downs over the last weeks, but we are now seeing a plateau of sorts. That should set the scene for this week, as it remains much the same as the previous week. But hey, it is better than a major drop.
Bitcoin has held mostly steady with a price of $39,018 at the end of this week, following last week’s $35,798. ETH went from $2,711 at the end of the previous week to $2,509 this week. A slight deviation but nothing significant.
If that’s all too boring for you, then keep reading, as we have picked out three projects from the hot cross-chain field that have been widely discussed last week to review: QNT, LTX, and KSM. We will also recommend three gems at the end of the article to look forward to this week.
Notice: KuCoin does not provide financial advice. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.
Quant was created with the goal of connecting blockchains and networks on a global scale while maintaining the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system. The QNT token is needed for building mDapps on the network.
This past week, Quant announced that it had been shortlisted for the KPMG Private Enterprise Tech Innovator competition in the UK. Anyone who follows the project will know how Quant has been pushing innovation in the blockchain for enterprise space, making this recognition even more welcome.
Other big news was Quant’s recognition by Oracle, which recognized the project’s goal of building bridges between blockchains as a major driver to blockchain adoption. This understandably helped bring it more attention in the wider market - and it's target audience.
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Lattice Token (LTX)
Lattice is a decentralized finance (DeFi) platform. Lattice Exchange connects all blockchain ecosystems and allows users to transfer cryptocurrency between multiple blockchain ecosystems. Lattice aims to reduce risk and friction for traders while increasing transparency and control over your digital assets. The Lattice token is used for governance, as well as incentivizing trading activities on the protocol.
It seems Lattice has been busy this week. The Lattice Launchpad is coming up this month. The platform will provide “simple access to promising projects”, and will utilize its new KYC verification process. A great development like this will always attract new users to the project.
The project was also the focus for Constellation Network’s Hypergraph Hour, which drove home the direction of the project. Otherwise, a new listing was announced for Lattice Exchange - ADS. This is not to mention its role in the DeFi ecosystem, which gives it extra points.
Trade LTX and 300+ other altcoins on KuCoin.
Kusama is dubbed the ‘Canary Network for Polkadot’, being created by the same team behind Polkadot. As a scalable network of specialized blockchains, it was made to be used as an experimental blockchain for development and testing - a sort of staging ground for Polkadot-based developments. It’s token, KSM, can be staked to either become a validator or nominator for the Kusama relay chain.
The Kusama Parachain Slots Auction is now live. It is now possible for users to stake their KSM in order to support projects taking part in the auction. Not only is this big news for the crypto market, the prospect of getting rewards for supporting the winning project has led to many people participating. As this involves KSM, people have been buying it up right up to the last minute to have their say and get their rewards.
Trade KSM and 300+ other altcoins on KuCoin.
Gems to Look Forward to This Week
With the opening of the Kusama Parachain Slot Auction, the Polkadot ecosystem will become the next trend in the blockchain industry. KuCoin recommends three projects - Phala (PHA), Polkadex (PDEX), and ChainX (PCX) - that are based on the Polkadot ecosystem as being worthy of attention this week.
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