Weekly Altcoin Update – Week 51

We are nearing the end of the year, and this is the second-last update of this year! Strap yourself in for an exciting update on Zilliqa and XCAD Network.

Zilliqa

It has been an exciting year for Zilliqa, with various significant releases, growth in digital presence and network activity and more! The Zilliqa ecosystem has grown significantly in 2021, with new projects such as XCAD Network, LUNR and DeMons! Currently, there are over 180 dApps on the Zilliqa ecosystem, all providing value to the ecosystem. Consequently, the ZRC-2 ecosystem marketcap is around 350 million right now, half of the Zilliqa marketcap. Additionally, new projects are onboarding swiftly, such as Tokentraxx, AoSports, and some stealth projects (oof!).

The network activity of Zilliqa has been growing in the last six months and has been gradually getting close to the ATH in April. The main difference between the current market and April is that the market in April was much more focused on altcoins which led to more usage. However, the network activity has been improving significantly and is one of the key metrics to determine if a layer 1 project creates value.

Metapolis

The Metaverse of Zilliqa is coming in January 2022, intuitively named ‘Metapolis’. This is a vital development, considering Zilliqa will be the first layer 1 to release an extended reality Metaverse. Therefore, Zilliqa has a clear first-mover advantage and can leverage this to attract new partners and investors to the ecosystem. The Metapolis will open many opportunities to existing and new projects to integrate NFTs and Play-to-earn mechanisms. Additionally, Metapolis allows users to customize their avatars with NFTs fully and will be one of the first platforms to offer personalization to this extent. The Metapolis will drastically change how Zilliqa users perceive and engage with the ZRC-2 ecosystem.

XCAD Network

What a year it has been for XCAD Network; the ecosystem has been developing the whole year, and the first vital components of the ecosystem are rolling out. The DEX and Plug-in will be released relatively soon, which will allow users to earn and trade their content creator tokens. The ecosystem is currently supported by over 40 content creators, with over 130 million YouTube and 12.5 million Twitter followers. However, as stated by XCAD Network, the biggest creator will be announced in about three days, which will drastically increase these numbers.

JumpCrypto Partnership

One of the most significant partnerships of XCAD Network this year is; Jump Crypto (a subsidiary of Jump Trading). Jump trading is a high-frequency proprietary trading firm with over 700 employees. The trading firm is perceived as one of the most influential investors and successful liquidity providers within the cryptocurrency industry. Jumpcrypto has been a partner of various successful projects such as AMP, Chiliz, Solana and 0x.

The partnership with JumpCrypto has multiple crucial implications. XCAD Network will be less prone to liquidity gaps and slippage because Jumpcrypto will provide liquidity and prevent these issues. Additionally, the extensive network of Jumpcrypto will increase the probability for XCAD Network to get listed on tier 1 exchanges. Additionally, the newly acquired funding by the XCAD team will increase the pace of growth which could lead to new partnerships.