As we reach the middle of June and also the halfway point of the year, this week’s choices are set to benefit from increased trading activity and speculation as the result of significant developments and potential project upgrades and announcements that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.
NEO is a Chinese cryptocurrency that was originally known as AntShares before undergoing a rebranding exercise in 2017. It’s often been described as the Ethereum of China as it operates in a similar manner, and allows smart contracts to be delivered via its blockchain. A host of ICOs have launched on the NEO blockchain and created NEP-5 tokens as a result.
After conducting a recent mainnet upgrade, the team are now moving ahead with NEO 3.0 and are set to conduct a token swap this week. The swap procedure will be initiated on June 16, 2019 and token holders are required to swap tokens to activate new ones on NEO 3.0. Some of the new system upgrades are not compatible with NEO 2.0, and as a result, NEO 3.0 will launch as a new blockchain network from a genesis block. There will still be concurrent branches for NEO 2.0 and NEO 3.0 until the full mainnet launch, and the team outline their plans here.
Lition is a highly scalable blockchain project aimed at various businesses and enterprises. The project incorporates both public and private blockchains and enables the deletion of data. This allows companies using Lition to remain GDPR compliant and the team are working in conjunction with SAP, the world’s largest producer of business software.
Despite running a successful ICO earlier this year, the project has been under the radar and has developed a live P2P energy trading marketplace solution in Germany, and entered into collaborative partnerships with Lawpilots, Nesa Capital, and two cooperatives of Germany’s VR Bank. The team have recently announced a change to their token release schedule which sees a marginal amount of tokens being released over a set schedule, and their plan to support Binance Chain and integrate a BEP-2 token into their ecosystem. The LIT token has been on the move recently and speculation over a Binance DEX listing may see it continue to perform well.
LTO Network (LTO)
LTO Network is a European project building a hybrid blockchain for decentralized workflows. The network is being developed to enable collaboration using already existing systems alongside Live Contracts that contain both on- and off-chain instructions. The project also aims to create GDPR compliant services by allowing information to be shared peer-to-peer, and where deletion requests propagate to all parties.
Why LTO Network?
The team continue to remain active and after launching their Game of Nodes competition, are taking part at the Blockchain Expo Event in Amsterdam. The conference coincides with a new roadmap, and product launch, and the team are also hosting an after party and product launch event at the LTO office in Amsterdam. The LTO token remains a popular choice for ERC-20 token traders and any significant announcements could see a jump in activity.
How did the coins perform last week?
ZIL failed to maintain its price over the week and fell by 5% in value and is currently trading at around $0.02. ADA jumped by around 9% in value, and is currently trading at $0.09. XLM improved by 2.5% over the week, and is currently trading at $0.12. Over the course of the week, the market climbed from $242B to $285B.