Cryptocurrencies To Watch: Week of April 24
In the past week, market volatility implied that most tokens failed to achieve the double-digit price increases that we've seen in the previous weeks. $30,000 appears to be the next resistance level for Bitcoin, but investors are generally optimistic about the prospects of the market over the next few months. There are a few tokens, in particular, that are looking like they will have a strong week ahead.
This week, we examine BitTorrent (BTT), Zilliqa (ZIL), UNUS SED LEO (LEO), Toncoin (TON), and TRON (TRX). In selecting these assets, we have considered several factors, including, but not limited to, positive technical developments, significant news events, and noticeable changes in price.
The BitTorrent (BTT) token price increased more than 6%, possibly because cryptocurrency exchange MDEX listed the token.The team behind the project is asking developers to submit their dApps and websites for deployment on Awesome BTFS (BitTorrent File System)—a decentralized file storage system.
This move bodes well for the network as it increases the number of applications and use cases on it. BTT is currently priced at around $0.0000006646, having been at $0.0000006255 last week (see chart below).
BTT Price: TradingView
Zilliqa (ZIL) was one of the biggest gainers this week, increasing by over 9%, most likely because of an upcoming launch of an Ethereum Virtual Machine (EVM).This launch would allow smart contracts—programs for blockchain networks—written in Ethereum’s Solidity programming language to be deployed natively on Zilliqa.
This would lead to more diverse applications on Zilliqa, as EVMs allow building applications on Ethereum and other protocols that have implemented it. ZIL is currently valued at around $0.034, having been
Read more on investopedia.com
