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Streamr (DATA)
Data protection is gaining momentum, and Streamr offers a way to shift the power of data ownership from platforms like Facebook and Google back to the user. To ensure the framework progresses at a good pace, Streamr has two main checkpoints for 2021.
The first checkpoint is Data Unions 2.0, governance voting, and Brubeck testnet.
🔸Data Unions allow users to get compensated for their data and act as large data caches willing buyers can pay for using the DATA token. Data Unions 2.0 will improve this feature.
🔸Governance voting will allow token holders to have a say in development.
🔸And Brubeck is the next major upgrade for Streamr.
The second main checkpoint is Brubeck hitting mainnet. When this happens, anybody canrun a node, network users will need to stake DATA tokens to use it, and Streamr’s tokenomic model will ensure DATA is poised for success.
2021 is when Streamr plans to go from a concept to having major usage.
Numeraire (NMR)
Numerai makes financial model development a game through its Kaggle-like competitions.These models are built by data scientists and power what Numerai calls, “the world’s last hedge fund.”
In its competitions, developers both stake and receive NMR based on their models’performance. To date, 1,658 models are staking over 230,000 NMR on the site. This amounts to nearly $7 million locked up on the Numerai platform.
The average return on staked NMR is over 27%. And the team expects these results to get even better soon.
It recently increased the possibilities of models by adding the features in their data sets. This will allow for better modeling and in turn, better returns.
The second part of Numerai’s master plan is Numerai Signals. It’s a way for data scientists to upload their own market signals to the platform instead of building a model off Numerai’sdata. It brings more ingenuity and higher returns.
Signals is young, so total NMR staked is low from only 120 users. But as users gain familiarity and confidence with the platform, we expect them to stake more NMR.
Crypterium (CRPT)
Crypterium is an all-in-one platform that allows users to store, buy, spend, and send cryptocurrencies. With access to over 50 million merchants worldwide, the Crypterium applets you spend your cryptocurrencies just like cash.
Crypterium is coming off a big year, with the platform doubling its user base and growing transaction volume by 300% in 2020. This led to monthly profits increasing 10x and more CRPT tokens being burned in the process.
As you recall, the CRPT token is the fuel for all crypto-fiat transactions on the Crypterium wallet. These transactions incur a 0.5% fee paid in CRPT then burned. Last month,Crypterium burned 69,885 CRPT tokens. That’s a 47% increase from the previous month and brings the total burned number in 2020 to 646,638.
Looking forward to the year ahead, Crypterium is working to obtain currency licenses to expand fiat on- and off-ramps to its platform. It’s also aiming to expand its Visa crypto debitcards to the U.S. and China. They would be its largest markets yet, representing a major catalyst we look forward to.
Ripio Credit Network (RCN)
Ripio Credit Network is a decentralized peer-to-peer lending platform connecting lenders and borrowers. It provides a way to extend credit to those who can’t access traditional banking services.
Last month, RCN implemented its USDC engine, which allows users to receive, repay and collect funds in the USDC stablecoin, the second largest stablecoin with a market cap of $5.1billion.
Adding USDC to RCN extends the platform’s reach to new lenders. USDC will also bring more stability to borrowers since it’s among the least volatile. This creates a safer lending environment.
Borrowers who repay their loans in USDC will pay a 0.15% fee, which will be swapped for RCN then destroyed. This means fewer RCN tokens in circulation for every repaid loan,benefiting the token price.
Stacks (STX)
Stacks, previously Blockstack, is bringing Ethereum-like abilities to the bitcoin network through its new Proof-of-Transfer (PoX) consensus mechanism.
In doing so, Stacks offers more functionality to bitcoin’s network and gives it more value. One feature is online identities to access applications and interact with smart contracts. This is similar to using your Google login to access many websites and making a seamless online experience.
The combination of using the world’s most secure blockchain and enabling user identities for interacting with smart contracts and its 500+ applications is a powerful one.
Stacks’ move to PoX also made the network fully decentralized. The benefit of this is U.S.investors can now purchase STX tokens, as we wrote to you in our January 14 update. The bottom line is Stacks is one of the most regulation-conscious projects we see in the space.And that’s why, in our update, we raised its buy-up-to price to $1.35.
Zcash (ZEC)
Zcash is a peer-to-peer currency with built-in privacy features. Basically, Zcash is to crypto as HTTPS is to the internet. HTTPS allows users to communicate securely on the internet.Without it, anyone could access and collect your data, communications, and transactions. Zcash brings a similar level of privacy to crypto.
In November 2020, ZCash hit its countdown timer. The amount of new Zcash minted perblock decreased from 6.25 to 3.125.
Bitcoin had a similar reduction with its halving event in May 2020. Since then, prices are up320%. We anticipate similar results for ZEC in 2021.
Looking forward, ZCash will introduce a new shielded-transaction protocol. This is a complex feature for a decentralized system like ZCash. Bottom line: It will create a trusted, standard set of rules for communication while preserving privacy.
This will make Zcash an even more trusted network overall. And it should bring more users to the network looking for true privacy like HTTPS offers internet users today.
Less than a week to go before the QDAO airdrop begins! To claim your tokens, connect your wallet to Q DeFi Rating and follow @platinumqdao (twitter) so you don’t miss any announcements. The rewards will be distributed based on how active you are in the crypto space.
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Compound (COMP)
Compound is a decentralized protocol on Ethereum that enables users to borrow and lend from a pool of assets. Like Aave, Compound removes middlemen, leading to greater profits for lenders and more favorable terms for borrowers.
We’re starting to see centralized finance (CeFi) platforms, such as some crypto exchanges,integrate with DeFi protocols like Compound. This benefit for CeFi platforms is they can offer their users industry-leading lending rates in a friction less way. This is a turning point for DeFi integration. Users are now interacting with DeFi protocols without needing the technical skills or know-how.
Two examples are the OKCoin exchange and Crypto com wallet. Both recently integrated Compound into their platforms. By plugging into Compound, OKCoin and Crypto com users can easily generate yield on their assets with just a few clicks.
These integrations are great for Compound since it means more available funds and lower interest rates for borrowers. This will spur lending activity, translating to more profits for COMP token holders.
Since recommending Compound last month, total assets held on the platform climbed 83%and reached an all-time high of $3.3 billion. The platform is off to a hot start this year and looking to improve upon its performance from last year. Seeing the success of Compound’s lending platform and vision to improve the DeFi landscape, we’ve decided to raise our buy-up-to price to $300.
Yearnfinance (YFI)
Yearnfinance is a DeFi protocol on the Ethereum network that enables users to deposit assets and earn the highest possible yield. It does this by using an algorithm to automatically move its users’ assets to the highest-yielding opportunities on Ethereum.
To expand Yearnfinance’s money-making capabilities, the team is making a few improvements to Yearn Vaults. These vaults are the investment vehicles of Yearnfinancewhere users deposit their assets to take part in yield-farming opportunities. Yield farming means finding the highest yield for your assets.
Yearn rolled out its vaults to V2 earlier this week. The new vaults will streamline strategy development, improve security, enable vaults to carry out multiple strategies, test them on handling different types of risk and volatility, and make it easier and safer for other projects to integrate Yearn Vaults.
These V2 Vaults will lead to a new wave of money entering the Yearnfinance ecosystem to take advantage of their moneymaking opportunities.
And since YFI token holders are entitled to a share of the profits each vault generates – as well as a 2% management fee – more vault deposits equal higher profits for them. And this ultimately translates to higher YFI token prices.
Celsius (CEL)
Celsius is taking market share from the big banks by giving its 330,000-plus users fair interest rates, zero fees, and lightning-fast transactions. Celsius distributes up to 80% of its revenues by paying over 21.49% interest on 35 crypto assets including stablecoins.
Since recommending Celsius in last month’s issue, total assets held on the platform have grown from roughly $3.3 billion to $5.4 billion today. It’s also on boarded nearly 100,000 new users since then.
This explosive growth is helping drive demand for CEL tokens and push token prices higher.That’s because users need to hold CEL tokens in their portfolio to earn the maximum interest.This leads to users choosing to receive interest payments in CEL tokens, creating a virtuous cycle for the project.
This feedback loop has made Celsius the largest market buyer of its own token every week to pay its users interest. In the first week of 2021 alone, Celsius purchased nearly $2.5 million worth of CEL tokens. This constant demand has helped push token prices up 92% since we recommended it last month.
And as we’re still in the early stages of crypto adoption, we’ll likely continue to see waves of new users turn to the Celsius app to earn industry-leading interest rates on their assets. For these reasons, we’re raising its buy-up-to price to $7.50.
Aave (AAVE)
Aave is a money market protocol that lets anyone in the world borrow and lend assets regardless of wealth or credit score. It runs on the Ethereum blockchain, allowing it to bypass the middleman (money managers and lenders in this case). This leads to greater yields for its users.
As opposed to the measly fraction of a percent traditional savings accounts offer, Aave pays upwards of 10% on USD stablecoins. It’s in part why users are flocking to the platform at an increasing rate.
Last month, Aave launched its V2 protocol upgrade. This upgrade brings:
🔸Yield and collateral swaps – allows borrowers to avoid market volatility by moving the asset they’re using as collateral to a stablecoin. This would be like moving ETH to USDT as price begins to fall, which reduces the chance of getting liquidated.
🔸Repayment with collateral – allows borrowers to repay a loan in one transaction as opposed to four.
🔸Batch flash loans – originate and can be repaid within the same transaction. This lets users take advantage of arbitrage opportunities when market conditions exist. Now, users can borrow several currencies at once instead of just one.
🔸Gas optimizations – cuts down on costs for the end user by up to 50%.
On top of the platform upgrades, Aave V2 means the community can now take part in governance, making the platform more decentralized. Now, stakeholders can submit proposals for changes to the platform.
These upgrades will help Aave improve its usage and attract more capital. Remember, the more assets Aave attracts to its platform and lends out, the more earnings it means for AAVE token holders.
Since we recommended Aave last month, assets held on the platform have grown 72% from$1.8 billion to $3.1 billion today. This incredible growth shows demand for Aave’s lending platform is surging. We believe Aave will continue to experience this high growth rate into2021 as the need for DeFi grows. That’s why we’re raising our buy-up-to price to $250 today.
Crypterium (CRPT)
Crypterium is an all-in-one solution for crypto users. The app lets users easily spend crypto like cash at over 50 million merchants worldwide, swap assets, and even leverage artificial intelligence for trading. The full suite of features is translating to increased usage of its platform.
Remember, Crypterium uses fees to burn CRPT and return value to token holders. In November, Crypterium burned 47,429 CRPT tokens. That’s the highest amount to date. And we expect a lot more as usage grows.
It’s important to note that usage and growth doesn’t always immediately translate to higher prices. It’s the nature of early-stage investing in high-upside technologies. That’s why we use uniformed and small position sizing to weather the volatility of the early years. We don’t lose sleep at night if a project goes up 100% or down 40% overnight. Because at the end of the day,we’re looking for 10x, 20x, even 100x upside.
The great part about Crypterium is the longer it flies below the radar, the more CRPT will get burned. That means each CRPT token held will represent a larger percentage of the remaining supply. This translates to more value accruing to each token in the coming years.
Also, on October 27, we updated you on swapping your CRPT tokens. The swap helps reduce any potential effects of a hack on the KuCoin exchange that could have affected CRPT tokens.If you have not swapped your tokens, you have until December 23 to do so.
Ripio Credit Network (RCN)
RCN is a protocol focused on banking the unbanked via its Credit Marketplace. And its crypto exchange has grown from 400,000 users to over 1 million this year.
Around 70% of its users are from Argentina, with the remainder mostly in Brazil. Argentina’sdismal financial services are ripe ground for Ripio’s Credit Marketplace. By delivering a need in the market for loans and other basic services, it accrues value to RCN holders.
To improve the marketplace, Ripio Credit Network recently integrated Chainlink to offer more DeFi users loans in various local currencies.
Chainlink (LINK) uses oracles to leverage off-chain data from multiple sources and brings it on-chain. This means RCN can now accurately define exchange rates between different borrowing, lending, and collateralization currencies used on the Credit Marketplace.
This lets RCN focus on being a more accurate, decentralized, and secure pricing protocol for DeFi users wanting credit. With Ripio earning market share in Argentina and Brazil, it’s ready for a strong 2021.
Blockstack (STX)
Blockstack is allowing users to generate online identities to access applications and interact with smart contracts while leveraging the most secure blockchain in the world, bitcoin. And unlike Google and Facebook, it also gives users control over their data and information.
Blockstack announced plans to launch Stacks 2.0 on January 14. The upgrade will bring anew consensus algorithm called Proof-of-Transfer (PoX). It’s where miners transfer bitcoin to Stacks holders who participate in the PoX algorithm.
This should allow U.S. investors to purchase STX tokens. We’ll send out an update as we get more information or learn of any of our recommended U.S. exchanges listing STX.
Blockstack is on trajectory to become one of the world’s largest blockchain application networks. If you haven’t been able to purchase STX yet, you have plenty of time to get in before it takes off once Stacks 2.0 launches early next year. Its timer isn’t set to trigger until the fourth quarter of 2021.
Cosmos (ATOM)
Cosmos is a project that allows blockchains to interact with one another like the internet. Its halving-like event is prepared to take place in March 2021. And when it hits, the ATOMtoken’s annual inflation will drop from 12.3% to 7%.
The reason we want to get in now is this halving-like event, and Stargate, haven’t kicked in yet.
You see, investing in Cosmos now is like getting involved with Ethereum before it had a single transaction. That’s because once Stargate 1.0 hits mainnet, projects built in the Cosmos hub will begin to interact with one another. We expect this to happen in 2021. Once it does, we should see the hub’s native ATOM token rise in price.
116 projects are using Cosmos’ Tendermint software to build. Stargate is the catalyst event which will enable these projects to interact with one another. When we combine this with its rate of inflation dropping 43%, we expect prices to rise.
Status Network Token (SNT)
Status is an all-in-one decentralized messenger, crypto wallet, and dApp browser.
Over the last year, it released its messenger and v1.9 upgrade. This new release allows users to interact in a similar way as Twitter. They can update their statuses and view a timeline-like feed of their contacts on a censorship-resistant platform.
Looking ahead, the development we’re most excited about is Nimbus, a client that enables more mobile functionality for ETH2. Nimbus will also serve as the back-end architecture for the Status app, wallet, and dApp browser. And it’ll start by integrating the chat protocol.
With Phase 0 of ETH2 live and Nimbus making significant headway, we expect Status to win over crypto users when they migrate to ETH2 in its later phases.
As far as the project’s treasury, the team has plenty of funds to make this all a reality. It has$156 million in assets with over $20 million in fiat alone. That’s enough runway to help pay its 30 engineers, marketing efforts, and more for 133 months.
With a market cap at $195 million and $156 million in assets on the books, Status is a projectthat’s flying under the radar.
Enjin-Coin (ENJ)
In about five years, the in-game marketplace is expected to grow 300% to $200 billion. Enjin is our play on this market.
Last month, Enjin and video game stalwart Atari announced an ongoing partnership. The two plan to integrate Atari’s IPs and licenses into Enjin-powered video games. The first game is eBallR. Players can customize their avatars with Atari-inspired digital fashion using non-fungible tokens (NFTs).
The two also announced the launch of an Atari-inspired NFT fashion line. Using Enjin’s suite of tools, users can build online garments and integrate them into video games. The first integration is with eBallR and clients such as Puma, AAPE, Adidas, and more, are also onboard.
This type of experience opens up a new market of digital fashion to the online gaming world,and Enjin sits at the center of it.
In other news, ENJ just got whitelisted for use in Japan. This means it’s the first gaming cryptocurrency to get the greenlight from Japan’s regulatory body, the Japan VirtualCurrency Exchange Association (JVCEA).
Japan represents a $14.8 billion gaming market, and ENJ gets to be the first mover from the cryptocurrency space.
Chainlink (LINK)
Chainlink is a decentralized oracle network connecting real-world data to blockchains.Importing real-world data to the blockchain is critical for expanding application use case sand ultimately helping blockchains achieve mass adoption.
There’s no doubt 2020 was the year of DeFi. Total value held on DeFi platforms grew from$650 million at the start of 2020 to $22 billion today. This means big business for Chainlink’sdata oracles.
You see, DeFi applications like Aave and Synthetix rely on off-chain pricing data to calculate lending rates or know the price of a real-world asset such as gold. Chainlink enables these platforms to securely access the off-chain data feeds needed to function. Without data oracles,much of DeFi wouldn’t be possible.
And since many of the largest DeFi applications on Ethereum rely on Chainlink for data,LINK token holders stand to benefit from the growth in DeFi.
Chainlink achieved nearly 4 million data transactions in 2020. This meant node operators purchased data using over 1 million LINK tokens. And as demand and use cases forChainlink’s data oracles continue to grow, so will the demand for LINK tokens.
We believe DeFi is not only here to stay, but its usage is about to take off. This is just one areaof blockchain technology Chainlink stands to benefit from, as demand for Chainlink’s services continues to grow.
0x (ZRX)
0x is an open-source protocol providing liquidity for peer-to-peer token exchanges on the Ethereum network. Its application programming interface (API) aggregates liquidity from 17sources to find the best possible price for its users.
The 0x API recently reached $1 billion in token swap volume 10 months after launch… And reached $2 billion just 60 days later. This accelerating growth in 0x API usage is thanks to Zapper and MetaMask implementing the DEX aggregator. MetaMask is one of the largest Ethereum wallets with over 1 million users and Zapper is a one-stop-shop portfolio manager for DeFi. These two applications have attributed roughly 16% of the 0x API token swap volume.
And this growing usage has generated roughly 267 ETH in fees for 0x token holders over the past month. That’s 95% higher than the previous month.
Looking forward, the team is working to implement 0x V4. This upgrade comes with a host of features including reduced transaction cost by almost 70% and a standard interface for additional on-chain liquidity pools.
We’re excited to see 0x usage grow as a new wave of users enter the realm of DeFi for the first time. 0x is our play on the plumbing of the DeFi landscape. As 0x protocol trading volume increases, ZRX token holders generate more profits, and this leads to higher token prices.
Cosmos (ATOM)
Cosmos is one of the major projects going live this year. In an upcoming event called Stargate,the network will flip the switch on what we call the internet of blockchains – and allow disparate blockchains to communicate and transact with one another.
Before that happens, Cosmos needs to upgrade to the inter-blockchain communication (IBC) protocol. It serves as a translator between different blockchains like bitcoin to Cosmos or Ethereum to Cosmos. Through the IBC, networks can communicate using a similar language.
Voting on the IBC upgrade will end January 28. So far, 100% of the submitted votes are in agreement, so we expect it to be implemented soon. Stargate will enable transactions to take place from one blockchain to another. This means the ATOM token will accrue the value from this event, and by taking a stake early, we’ll be ready to benefit when it does.
Loki (LOKI) / Oxen (OXEN)
Loki recently rebranded to Oxen, and some exchanges, including our recommended exchange KuCoin, are starting to use the new OXEN token symbol. We’re updating it in our model portfolio as a result.
Oxen is an early stage bet on what could become the world’s first end-to-end privacy ecosystem, from web browsing and web hosting, to online payments and secure messaging.
The team recently showcased its capabilities with Mumble. Mumble is an open-source voice chat platform. It’s recognized as the best software for in-game chatting. Using Oxen’sanonymous routing (similar to the popular TOR network), users can enjoy a completely anonymous chat experience with Mumble without sacrificing speed or reliability.
As a reminder, Loki’s rebrand to Oxen doesn’t require you to take any action. Your tokens will get updated automatically. After the rebrand fully rolls out, Oxen will feature all its privacy tools to help newcomers and spread awareness of its technology.
Dash (DASH)
Dash is a peer-to-peer cryptocurrency focused on payment solutions. And it’s ready for its biggest network upgrade to date, Dash Platform.
The upgrade brings a significant boost in functionality, speed, and security to the network and the Dashpay payment app. Once it’s in place, Dash will come closer to being the de facto payment solution in the world.
Dash Platform can accommodate applications that use services like Amazon Web Service or Google Cloud Platform. This means Dash will allow decentralized application (dApp) data storage and enter the $258 billion cloud service market.
To keep most cloud storage activity from slowing down the network, Dash will use a second layer. This will keep it from jeopardizing transactions speeds and enable transactions with user IDs instead of long cryptographic addresses. Additionally, users won’t need to download the entire blockchain before sending a payment nor rely on a third party.
Dash Platform is undergoing stress testing and should hit mainnet in the coming weeks.
This is one of Dash’s main catalysts in 2021, and it’ll coincide with Dash’s countdown hitting zero. When it does, we’ll see new coin issuance into the market drop. Meaning as demand increases as a result of Dash Platform, supply will be dropping. This should result in higher prices for the DASH token.
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Synthetix (SNX)
Synthetix is a decentralized synthetic asset issuance protocol on Ethereum. Its exchange enables anyone in the world to trade any type of asset such as forex, commodities,cryptocurrencies, and indexes.
Synthetix staking is now live on layer 2 Optimistic Ethereum (OE). OE is an Ethereum scaling solution that improves transaction speeds and reduces costs. It’s a major breakthrough in Ethereum development, since it’s fully compatible with existing smart contracts without needing to rewrite them.
Next month, Synthetix will enter the next phase of its layer 2 migration, which will allow users to exchange synthetic assets at a cheaper and faster rate. This will lead to more trading volume and more profits for SNX token holders.
Layer 2 will also bring greater possibilities to the platform, like synthetic futures and synthetic equities. This will allow it to compete against centralized exchanges like Binance and enable users to trade them around the clock, even when the stock market is closed.
2021 will be an exciting year for Synthetix as it continues launching innovative new products to attract more users to its platform. Combined with the integration of layer 2 scaling, we believe Synthetix is just getting started. So today, we’re raising the buy-up-to price to $21.
Balancer (BAL)
Balancer is a next-generation portfolio manager and AMM on Ethereum. It’s similar to Uniswap in that it uses liquidity pools to provide a DEX and gives liquidity providers a portion of trading fees for supplying their assets. Balancer separates itself by allowing users to create custom weighted pools with up to eight assets.
Balancer is overhauling its format for initial DEX offerings (IDOs). IDOs are similar to initial coin offerings (ICOs), which were famously used in 2017 as a way for new projects to raise funding.
Balancer is a superior platform for IDOs, since its liquidity pools are fully customizable,allowing new projects to pair their token with any of the 163 ERC-20 tokens on Balancer. And buyers can purchase the new token with any ERC-20 token supported on Balancer.
These customizable pools also lower the barriers to entry for new projects since they require less capital up front. This is because projects can adjust the weights in the Balancer pools from the common 50–50% weights of other Ethereum-based DEXs. In fact, the first IDO on Balancer launched its pool with a 10–90% split, meaning it only needed to fund 10% of the launch.
Soon, Balancer will have a more user-friendly interface for DAOs and make it easier for investors to buy these new projects. We believe this will lead to more projects choosing Balancer to launch their token.
Uniswap (UNI)
Uniswap is the largest decentralized exchange (DEX) on Ethereum. It allows anyone in the world with an internet connection to swap assets in a permission-less and trustless manner.
Uniswap is coming off a big year, passing $58 billion in annual trading. That’s up 15,000%from $390 million in 2019. Today, it’s the fifth-largest crypto exchange in the world for spottrading and the largest DEX, averaging over 54% of trading volumes among other DEXs in2020.
In 2021, Uniswap will improve its automated market making (AMM) technology. This will lead to a better user experience with faster settlements and cheaper transactions.
One scaling solution Uniswap is looking to implement is Optimistic Rollups. It’s a layer 2solution that can increase transaction speeds by 75 times and cut transaction fees by 99%.The public mainnet release of Optimistic Rollups is scheduled to be released around March15.
Uniswap stands to benefit from the growth in DeFi as the go-to DEX on Ethereum with the lowest transaction fees and greatest liquidity. As Uniswap continues to gain adoption, users will look to own a piece of the exchange’s future profits by owning the UNI token.
Over the past month, Uniswap has generated roughly $630 million per day in trading volume.That’s nearly double the previous month’s average. Uniswap’s growth has exceeded our expectations already. And when it implements its layer 2 scaling, we believe usage will only accelerate from there. For these reasons, we’re raising our buy-up-to price to $11.
Chainlink (LINK)
Chainlink is a decentralized oracle network pulling real-world data into blockchains. This lets smart contracts link to everyday activities like weather, sporting events. and more.
Most recently, Chainlink co-founder Sergey Nazarov co-authored a white paper published by the World Economic Forum. The World Economic Forum is an organization that pulls the levers of the most influential policy makers in the world.
The paper is called Bridging the Governance Gap. It discusses decentralized oracles assolutions for bridging the gaps that exist with world data sources and legacy systems in regard to blockchain networks.
Chainlink is one of the oracles highlighted in the report. While the report didn’t solely focuson Chainlink, what’s important to consider is Chainlink is sitting alongside one of the largest think tanks in the world to write a narrative highlighting blockchain to global policy makers.
With more and more projects and organizations turning to Chainlink for their decentralized data oracle solutions, they bring ever-increasing growth potential.
0x (ZRX)
0x is an open-source protocol for providing liquidity for peer-to-peer token exchanges. It’salso an engine that drives various DEX aggregators surfacing on Ethereum.
For example, Match is a DEX aggregator that uses the 0x API to source liquidity across 13sources for optimal swap pricing. And results from a recent study conducted in-house showed0x Labs’ products offered better pricing than other solutions on the market 72% of the time.
Results like these are why MetaMask integrated 0x into its AirSwap feature. MetaMask user scan now leverage 0x for swaps directly from the wallet, instead of navigating several DEXs to find the best price for a token swap.
With more integrations and better pricing, 0x cleared the $1 billion in monthly volume recently. And in the first week of December, the platform topped $400 million, meaning 0xmight eclipse $2 billion by the end of the month. With growth increasing and more tools leveraging 0x, we expect higher prices for ZRX.
$NWC
One of the most promising lowcaps lately has entered the DEX world with Uniswap listing and they got 200k volume in the first hour!
The project just launched their biggest product so far, a mobile crypto APP. The app wil increase token utility and with it grow the demand for the token. They are also partnered with the big players in the industry including Coinmarketcal and KuCoin.
Due to this reasons and the ongoing bull run we believe that projected token price of 2USD will be reached before summer 2021.
Token can be found on #KuCoin and #Uniswap. Trading pair on uniswap👇
http://bit.ly/3cT8jee
Zcash (ZEC)
On November 18, Zcash had its halving, which was the catalyst we highlighted in our original Catch-Up Portfolio Report. The amount of new Zcash minted per block is now down from6.25 to 3.125.
We witnessed a similar event with bitcoin earlier this year in May. The event results in less supply entering the market, and over time, this creates an upward pressure in price. It’s partof the reason bitcoin is hitting new highs right now. We expect the same to unfold with ZEC in the coming months.
On the same day as the ZEC halving, the network also had an upgrade called Canopy. It will allocate part of the block rewards to fund platform development. This means Zcash will continue to have dedicated teams of researchers and developers improving the network.
Canopy also had upgrades centered around security and performance. Together, these events create a foundation for ZEC’s price to take a substantial leap in the coming year.
