3 Altcoins To Keep Tabs On — XCAD, MATIC, ENJ| KuCoin Weekly Review Issue #23

2021/06/01 06:53:12

After the chaos of last week, this week is a welcome sight. It has mostly been characterized as coins maintaining their price, evening improving a little bit. This can be seen with Bitcoin, which, for the most part, held in the $30,000 range. For Ethereum, the price surged a little bit early on in the week, before falling slightly once more to a still admirable $2,385. KCS shares a similar story, mostly staying in the $6 - $8 range.

But that isn’t all that’s been going on in the crypto market. The KuCoin blog has delved deeper to pick out 3 altcoins you should be keeping tabs on.

XCAD Network (XCAD)

XCAD Network is a Zilliqa-powered global platform that allows content creators to engage with their audience at another level. It provides YouTubers and other online content creators with an additional means of monetizing their content. Solutions include the ability to turn content into NFTs, reward viewers for watching content, create tokens and help smaller YouTubers to benefit from YouTube’s algorithm. The XCAD token will be central to the platform, being used to earn bonuses through staking, as well as to trade for content creator tokens and governance.

In the past couple of weeks, XCAD has enjoyed a bit of a rise to prominence. This can probably be best seen from its investments from popular YouTubers such as KSI and Mr Beast, who together have a combined subscription base of 84 million. YouTubers like them are a major target audience for the project, so it should be no surprise that there was much anticipation for May 27th when trading for the XCAD token went live. With all the anticipation for this thanks to this promotion, XCAD achieved a 24 hour trading volume of $11,118,422 and a 7 day ROI of 2009%.

Trade XCAD and 300+ other altcoins on KuCoin.

Polygon (MATIC)

Polygon is referred to as “Ethereum’s Internet of Blockchains.” It is a protocol and framework optimized for building and connecting Ethereum-compatible blockchain networks. It solves the common pain points associated with blockchains by combining the best elements of Ethereum and other sovereign blockchains into a multi-chain system. The Matic token plays the important role of governance and securing the network.

Polygon has always been somewhat popular in the crypto space, thanks to its wide array of uses and applications. This is why MATIC remains bullish despite the current state of affairs. Good news always helps too. Mark Cuban has thrown his weight behind Polygon by including MATIC in his company portfolio. This is understandably a great sign. Otherwise, as people look for potential alternatives to the congestion-prone Ethereum chain, Polygon looks to fit the bill, thanks to its use of sidechains. This is why MATIC achieved a 24 hour trading volume of $4,954,523,154 and a 7-day ROI of 65.3%.

Trade MATIC and 300+ other altcoins on KuCoin.

Enjin Coin (ENJ)

What Enjin brings to the table is a suite of products and solutions that make it easy to develop, trade, monetize, and market with blockchain. The main purpose for Enjin’s cryptocurrency, ENJ, is to directly back the value of next-generation blockchain assets in order to reduce inflation, promote trust, and maintain real-world value.

The NFT craze is ongoing, and Enjin is well placed to satisfy the demand. If Microsoft working together with Enjin for their in-game browser NFT solution wasn’t enough to put ENJ on the map, then I don’t know what would. More recently however, the project has announced a promotion that will see it post 50,000 NFTs on social media, in the form of QR codes. On top of that, it is giving away ENJ prizes for the first 10 users who send a screenshot of their NFTs. Being such a hot product right now, people understandably jumped at this opportunity, especially for a promising project like Enjin. This is how ENJ achieved a 24 hour trading volume of $595,551,503 and a 7-day ROI of 54.8%.