Top 3 nugget cryptocurrencies to watch this week, Zilliqa (ZIL), Zcash (ZEC) and Fantom (FTM)!

The statistics for the total cryptocurrency market capitalization continued to rise throughout week 13. It rose from $2.07 trillion initially to $2.22 trillion, even though Bitcoin, market barometer, lost 3% in the same period. The biggest gainers from the top of the chart are Solana (SOL), Terra (Luna) and Near Protocol (NEAR). But which coins and tokens are gearing up for interesting price action in week 14 or longer? Keep reading to find out.

3. Ziliqah (ZIL)

Zilliqa is a high-performance blockchain platform that aims to solve scaling issues that most popular blockchains face without compromising transaction security. Zilliqa achieves this by integrating sharding technology, which means nodes are divided into groups of 600, i.e. shards, which can run many sub-blockchains simultaneously. As more mining nodes join the network, the network throughput increases. The blockchain uses a unique consensus algorithm, a combination of Byzantine Fault Tolerance (BFT) and the standard mining algorithm of proof of work (PoW) is used. Additionally, Zilliqa supports smart contracts and has an active community of users and developers, which is crucial for the long-term success of a blockchain platform.

Zilliqa’s announcement of Metapolis caused ZIL’s price to spike

On March 27, the Zilliqa team announced Metapolis, the first metaverse of the Zilliqa network. But this was no ordinary metaverse announcement, 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 will be able to showcase their work in the Metapolis metaverse.

The announcement was very well received by Zilliqa supporters and investors, resulting in the price of ZIL 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, which took ZIL above $0.22. ZIL ended the week up over +300%. While launching a metaverse project can help the project grow in the long run, it may not be the ideal time to buy, as sudden rises often lead to even faster meltdowns. But once the hype surrounding the Metapolis wears off, 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 specific 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 verifier) ​​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 mid-April.

In April, Zcash will undergo its biggest and most significant upgrade since 2020. The new upgrade called Network Upgrade 5 (NU5) is 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, which will eliminate the need for a trusted installation. In Zcash’s old proof system, a select group of trusted people is needed to clean up “toxic waste” – the data that could allow a bad actor to independently mint new ZECs. Additionally, the Zcash team will also showcase Halo Arc, a suite of solutions that bundle new features and products with protocol upgrades like NU5 into regular releases.

ZEC’s price action has recently trended slightly higher (nearly 50% in the past month), likely in anticipation of the new upgrade. But the ZEC can climb even higher after successfully deploying the major upgrade. Additionally, rumors are surfacing that the Zcash team is considering moving to Proof of Stake (PoS) and the implementation of Inter-Block Communication (IBC) protocol, which would open up a world of new cases of use of ZCash.

1. Ghost (FTM)

Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. It is a Tier 1 network that rivals 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, whereby only two of the three crucial components of decentralization, security, and scalability are possible at the same time. This is very likely to be one of the main factors that made FTM one of the best performing assets of 2021. Fantom’s native asset gained around 13,000% last year.

The Fantom Foundation seeks to drive blockchain growth with 335 million FTM available through the FTM incentive program.

On March 31, the Fantom Foundation announced that it is extending and expanding its Developer Incentive Program by launching a new FTM Incentive Program. The team plans to distribute up to 335 million FTM (worth approximately $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, will help manage and vote grant applicants.

While Fantom is ready to fund any type of project growing in its ecosystem, whether it’s a DeFi protocol, NFT platform, game or critical infrastructure, the Fantom community will play a crucial role in determining grant recipients. 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 Fantom Virtual Machine (FVM) upgrade. This upgrade, which is expected to begin rolling out in the second quarter of this year, improve the security and performance of smart contracts and accelerate the Fantom network.

The team hopes the revamped network will attract new users, developers, and possibly even more institutional investors, which will be beneficial if Fantom wants to re-enter. the Top 3. DeFi ecosystems by TVL. According to Defi Llama, Fantom currently sits in sixth place, wedged between Solana and Tron, far from the company of the biggest DeFi chains, where Fantom could be found earlier this year.

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