5 Crypto Projects to Watch This Week: Beercoin, Horizon Protocol, And More
LUCKNOW (CoinChapter.com) — New projects and developments emerge almost every week in the crypto world. This week, several projects are coming with major updates and events that could impact their market positions. Here are the top 5 crypto projects to watch out for this week: Beercoin, Horizon Protocol, ArtFI, Chiliz, and Solana. Let’s see what makes them noteworthy.
Beercoin (BEER) Coming with Major Announcement
Beercoin’s important announcement is scheduled for June 17th. The project developers have not revealed the announcement’s topic. It could involve new partnerships, product developments, or strategic initiatives that could drive the project’s growth and adoption. The announcement could also impact the token’s value and market performance.
Beercoin is currently trading at $0.0001808, down 2.75% from a day ago and 60.91% from the past week. With a 24 hour trading volume of $208 million, BEER’s market cap currently sits at $159 million.
Horizon Protocol Going to Launch Futures Mainnet
Crypto project Horizon Protocol is going to launch its Futures Mainnet on June 17th. This launch will provide decentralized financial services through synthetic asset issuance and trading.
Investors could see a rise in the value of Horizon Protocol tokens as the platform’s capabilities expand and attract more users. Traders, on the other hand, will gain access to a new range of futures products, allowing for diversified trading strategies and potential hedging against other crypto assets. The increased liquidity and trading volume could also result in more favorable trading conditions.
Horizon (HZN) is currently exchanging hands at $0.025, down 2.36% from a day ago.
Crypto Project ArtFi Getting Listing on New Exchange
On June 17, ArtFI is going to be listed on both Bitget and KuCoin exchanges under the ARTFI/USDT trading pair. These listings could increase the accessibility and liquidity of ArtFI tokens, ultimately allowing more investors to participate in the art investment market.
Alongside these listings, KuCoin has announced a special listing campaign with a substantial giveaway of $54,000 in ARTFI tokens. KuCoin’s listing campaign for ArtFI includes a series of promotional activities designed to incentivize trading and increase community engagement. Users who trade ARTFI during the campaign period will be ranked based on their trading volume. The top traders will share a significant portion of the $54,000 reward pool.
Even users with smaller trading volumes have the chance to win rewards. Several lucky participants will be selected randomly to receive ARTFI tokens. KuCoin users can earn additional rewards by referring friends to participate in the trading activities. Both the referrer and the referred user can benefit from this bonus.
Chiliz’s (CHZ) Dragon8 Hard Fork Upgrade
Crypto project Chiliz is also launching the Dragon8 Hard Fork upgrade this week on June 17. This upgrade aims to improve its network’s scalability and security. The Dragon8 Hard Fork is expected to introduce several new features and optimizations.
Chiliz (CHZ) is currently trading at $0.09468, down 5.89% from a day ago.
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Solana is Hosting Annual Summit
Solana, a blockchain platform, is hosting its two days Annual Summit this week starting from 20 June. Industry leaders, developers, and entrepreneurs will discuss technological advancements, ecosystem growth, and strategic partnerships. The summit is a key event for the Solana community, providing an opportunity to learn about the latest trends and innovations in the Solana network.
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Investors could gain valuable insights into the future direction of Solana, potentially influencing their investment strategies. The summit could lead to new partnerships and projects that drive up the value of Solana tokens. Traders could benefit from the increased market activity and potential price movements following major announcements made during the summit.
Solana (SOL) is currently exchanging hands at $142.55, which is up 0.80% from a day ago. The token has a market cap of $67.126 billion with 24 hour trading volume of $1.521 billion.
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