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Weekly Altcoin Update – Week 50

Diederick Jacobs

Posted on: 12/14/2021,

2 minutes read

Weekly Altcoin Update – Week 50

This week's Altcoin update is packed with information, highlighting Project SEED, Opulous and Syscoin!

Project SEED

The post-launch performance of Project SEED is relatively solid, with increasing network activity, digital presence and the onboarding of new strategic partners. The digital presence has been increasing, considering most IDO projects lose a significant percentage of their following after launch. The digital presence of SEED has increased by 0.2% daily, which is in line with competitors with similar audience sizes.

The native token, SHILL, is still 2200% up on the IDO price, making it one of the best performing IDOs in November. Additionally, the number of non-custodial holders is drastically increasing on both blockchains. This could mean that more investors are interested in the asset or moving their tokens from exchanges to non-custodial wallets.

The ecosystem did onboard multiple significant partners that will create value for the ecosystem through their products and services. The value creation could significantly impact the value of the native token, SHILL, considering the positive correlation between the ecosystem and the native token.

Opulous

Opulous has been one of the most promising coins in 2021, with several crucial partnerships with global musicians. Therefore, tier 1 exchange Huobi recently listed Opulous on their exchange, which has vital implications on liquidity, accessibility, and exposure.

The liquidity of an asset is essential to traders and investors; by decreasing slippage, the trader can move their capital quickly without any financial constraints. Additionally, lack of liquidity can cause extreme volatility because of order gaps which cause a decrease in investors' trust in that specific asset. Additionally, by making the asset more readily available, traders have more freedom of platform usage and attract new investors that did not have access to the asset before. Consequently, if the exposure of the asset increases, it positively affects the ecosystem and the value of the native token, OPUL.

The upcoming Christmas marketing campaign of OPUL will also have a drastic effect on the project's digital presence. The Christmas campaign revolves around giving prizes away to the community, but in exchange, they have to engage with the Opulous brand; therefore, the overall exposure of the brand increases. The campaign focuses on non-custodial holders, giving them an incentive to hold on to their tokens and essentially temporarily soft-locking them up. Hence, the volatility of Opulous might decrease because of the lower available circulating supply.

Syscoin

The Syscoin ecosystem has grown full steam ahead in the past few weeks. First of all, the Syscoin ecosystem has been partnering up with multiple partners and of these is; OraiChain, an AI-powered oracle ecosystem for Blockchains. OraiChain will integrate NEVM, the modular smart contract platform that will feature ZK-Rollups. As highlighted in our research paper and one-pager, NEVM is a significant improvement on the Syscoin ecosystem and will have long-term implications. These are all explained in our research paper, found HERE.

Additionally, the Syscoin ecosystem partnered with Bloktopia, a virtual reality space (i.e. Metaverse) that revolves around a skyscraper dedicated to promising cryptocurrency projects. The partnership highlights the beginning of the Web 3.0 era for the Syscoin ecosystem. The Metaverse of Bloktopa will launch in 2022 and allow Syscoin enthusiasts to interact with the team in the digital space! The newly gained exposure is significant for the Syscoin ecosystem due to the upcoming NEVM rollouts. Additionally, it will make attracting more ecosystem partners easier.

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