The statistic for the total cryptocurrency market cap continued to increase in week 13. It rose to $2.22 trillion from its initial $2.07 trillion, despite Bitcoin, the market barometer, losing 3% over the same period. The biggest gainers from the top of the table are Solana (SOL), Terra (Luna) and Near Protocol (NEAR). But which coins and tokens are preparing for interesting price action in week 14 or longer? Read on to find out.
3. Zilliqa (ZIL)
Zilliqa is a powerful blockchain platform that aims to solve problems scaling issues to which the most popular blockchains are exposed without jeopardizing transaction security. Zilliqa achieves this by integrating sharding technology, which means that nodes are divided into groups of 600, i.e. shards, which can run many sub-blockchains at the same time. As more mining nodes join the network, network throughput increases. The blockchain uses a unique consensus algorithm, a combination of Byzantine Fault Tolerance (BFT) and the standard mining algorithm Proof of Work (PoW) is used. Additionally, Zilliqa supports smart contracts and has an active community of users and developers, which is critical to the long-term success of a blockchain platform.
Warm welcome @Meta_Tiago! You will work with one of the most passionate global communities. You have been at the heart of everything we have done since the beginning of the Zilliqa journey. Big plans afoot to keep growing #Zilliqans together😃https://t.co/NqUeeXwMhJ pic.twitter.com/53X5hITnCi
— Zilliqa (@zilliqa) April 7, 2022
Zilliqa’s announcement of Metapolis caused ZIL’s price to skyrocket
On March 27, the Zilliqa team announced Metapolis, the first metaverse of the Zilliqa network. This was no ordinary Metaverse announcement, however, as Zilliqa partnered with Agora, a global platform for creative talent, to build the first Metaverse as a Service (MaaS) product. After uploading their content to the Agora app and receiving enough votes from the community, creators can showcase their work in the Metapolis metaverse.
The announcement was very well received by Zilliqa supporters and investors, resulting in ZIL’s price doubling within 24 hours of the announcement. The price of ZIL then hovered around $0.10 for a day before entering the second phase of the rally that took ZIL above $0.22. ZIL ended the week up over 300%. While starting a Metaverse project can help the project grow over the long term, it may not be the ideal time to buy, as sudden surges often lead to even faster meltdowns. But once the Metapolis hype dies down, ZIL could become a good addition to the portfolio of an investor willing to take a moderate risk.
2. Zcash (ZEC)
Zcash is an anonymity-focused cryptocurrency that obfuscates transaction data to hide sender and receiver wallets and other properties of a given transaction. Zcash was the first zero-knowledge crypto project known as zk-SNARKs. This technology allows one party (the prover) to prove to another party (the prover) that a statement is true without revealing any information beyond the validity of the statement itself. Zcash is therefore a blockchain with one of the strongest privacy features.
Network Upgrade 5 (NU5), Zcash’s biggest upgrade since 2020, will roll out in mid-April.
In April, Zcash will undergo its biggest and biggest upgrade since 2020. The new upgrade, called Network Upgrade 5 (NU5), aims to improve the privacy and scalability of the platform by implementing recursive cryptography, evidence aggregation, and blockchain succinctness. The NU5 also features the Halo 2 Proof System, eliminating the need for a trusted installation. In Zcash’s legacy system of evidence, a select group of trusted individuals is required to clean up “toxic waste” – the data that could allow a bad actor to independently mint new ZECs. In addition, the Zcash team will also introduce Halo Arc, a suite of solutions that bundles new features and products with protocol upgrades like NU5 into regular versions.
Check out the latest #Zcash ecosystem updates with @ElectricCoinCo‘s latest Transparency Report, @ZcashFoundation‘s Zebra beta.6 release, @cypherpunkZero‘s first NFT Aidrop and more. https://t.co/pqvEjrVbM7
— Zcash 🛡️ (@zcash) April 1, 2022
ZEC’s price action has increased slightly lately (almost 50% over the past month), likely in anticipation of the new upgrade. But the ZEC can Soar even higher after successfully deploying the major upgrade. Additionally, rumors are emerging that the Zcash team is considering moving to Proof of Stake (PoS) and implementing the Inter-Block Communication (IBC) protocol, which would open up a world of new use cases of Zcash.
1. Fantom (FTM)
Fantom is a fast, high-throughput, open-source smart contract platform for digital assets and dApps. It is a Tier 1 network that competes with the following networks Avalanche, Solana and Terra to dethrone Ethereum. Fantom uses the Asynchronous Byzantine Fault Tolerance (aBFT) consensus algorithm. The aBFT algorithm promises to solve the blockchain scalability trilemma, where only two of the three crucial components of decentralization, security and scalability are possible at the same time. This is very likely one of the main factors that made FTM one of the best performing assets of 2021. Fantom’s domestic wealth has grown by around 13,000% over the past year.
The Fantom Foundation aims to fuel blockchain growth with 335 million FTM available through the FTM incentive program.
Decentralized smart contract automation saves developers time and resources and unlocks advanced use cases.
❔ Developer: Take an interest in usage @ chain link Keepers on Fantom for Secure, Affordable Smart Contract Automation?
Let us know here: https://t.co/6hywkiL5Pp pic.twitter.com/FS1yzenaUw
— Fantom Foundation (@FantomFDN) April 7, 2022
On March 31st, the Fantom Foundation announced that it is expanding and expanding its developer incentive program by introducing a new FTM incentive program. The team plans to distribute up to 335 million FTM (worth about $480 million at the time of the announcement) to teams and projects developing on the Fantom blockchain. Gitcoin Grants, a funding platform for the Web3 space, helps manage and coordinate grant applicants.
While Fantom is willing to fund any type of project that grows in its ecosystem, be it a DeFi protocol, NFT platform, game or critical infrastructure, the Fantom community will have a crucial role in determining grant recipients to play. Fantom also believes that small projects that have just started with small teams should have the same chances as large teams that have already accumulated TVL. In addition to the FTM incentive program, Fantom developers are preparing for it Fantom Virtual Machine (FVM) upgrade. This upgrade, which is expected to roll out in the second quarter of this year, Improve the security and performance of smart contracts and speed up the Fantom network.
The team hopes that the revamped network will attract new users, developers, and potentially even more institutional investors, which will be beneficial if Fantom wants to get back on board. the top 3. TVL DeFi ecosystems. According to Defi Llama, Fantom currently sits in sixth place, sandwiched between Solana and Tron, a far cry from the company of the largest DeFi chains where Fantom was found earlier this year.