Weekly Altcoin Update – Week 52

The last Weekly Altcoin Update of 2021, what a year it has been. House of Chimera can look back at a very successful year with over 15 valuable partners and multiple achieved milestones. In the last Weekly Altcoin update of 2021, Syscoin and XCAD Network will be highlighted.

Syscoin

Syscoin has been one of the most remarkable projects in 2021. The ecosystem has drastically changed its vision over 2021 and launched its most significant development release yet; NEVM. The implications of NEVM are broad and can be found in the House of Chimera Research Paper on NEVM. NEVM is a pivot point for Syscoin' future. The ecosystem has experienced an extraordinary increase in social activity, combined with an increase in the relative positive sentiment. Thus, the assumption can be made that the interest in Syscoin by the cryptocurrency community has increased, and the overall sentiment has been more positive regards Syscoin. The ecosystem has also seen an increase in interest by dApps willing to build on Syscoin. Due to the upcoming release of zK-rollups of Syscoin, multiple projects are interested in deploying on Syscoin to escape the high ERC-20 fees. Hence, increasing the overall usage of Syscoin and therefore attracting new investors to the ecosystem.

What can we expect in 2022?

The upcoming few months are significant for Syscoin due to the release of zK-rollups. Therefore, it will be an exciting start for Syscoin, and, considering their historical growth, it might start slow but could rapidly increase later in the year.

XCAD Network

XCAD Network launched in Q2 of 2021, and it managed to move mountains in the remaining few months of 2021. The ecosystem's growth has been impressive, onboarding over 50 content creators with a combined YouTube following of over 160 million and 12.5 million on Twitter. The adoption of content creators is significant, considering that these content creators are vital for the existence of the XCAD Network product. If the initial adoption rate of the YouTube audiences of these content creators is equal to a conservative 0.1%, it would mean that 160,000 users will interact with the XCAD Network product. Additionally, if we estimate that the initial adoption rate of these Twitter audiences is equal to 0,1%, this would mean that another 12,500 users will interact with the XCAD Network product. That would mean 172,500 users initial interact with the XCAD ecosystem; keep in mind that this number will grow over time. As long as the financial incentive to get rewarded for an everyday task, watching YouTube videos of your favourite content creators, is high enough, the ecosystem will experience growth in the userbase.

Twitch integration

The pool of content creators will exceed YouTube, considering that the plug-in will receive support for the Twitch ecosystem. The eSports industry is one of the most significant growing industries within the entertainment industry and is currently valued at 1,084 billion USD. The newly created opportunities for XCAD will allow the ecosystem to increase the number of content creators with distinct audiences. The advantage of distinct audiences is that these do not overlap as much, so the overall adoption rate could be higher.

What can we expect in 2022?

The upcoming few weeks will be full of development releases for XCAD Network. The XCAD DEX is getting released in 2 days, a cornerstone for the XCAD Network ecosystem. It makes content creator tokens liquid, and therefore tradeable and have value. The follow-up release will be Content Creator Launchpad Offerings, which will significantly impact the total supply of the native XCAD token. Due to that, users can provide liquidity for Creator tokens through the native XCAD token, which is locked into a liquidity pool forever.

The year 2022 will consist of even more prominent content creators announcements and the most critical release yet: the XCAD-Plugin. Essentially, allowing users to get rewarded for their watch-time and helps content creators to increase their engagement metrics.