Weekly Altcoin Update – Week 5

This week's HoC Weekly's Altcoin Update will be highlighting XCAD Network and Syscoin!

XCAD Network

The XCAD Network ecosystem is about to launch its first Creator Liquidity Offering (CLO) and will burn a good chunk of the total supply of XCAD. The CLOs will have a significant deflationary effect on the total supply of XCAD Network. Due to that, liquidity providers are locking their XCADs forever into a liquidity pool. Consequently, the native token will get more scarce and potentially increase value.

Growth Campaign

February's upcoming growth campaign will be similar to the XCAD XMAS Campaign back in December of 2021. The primary purpose is to increase the exposure and reach of the ecosystem while also onboarding new content creators. The last campaign was a relative success with a drastic increase in social engagement, as highlighted in our HoC insights.

DEX

The XCAD DEX quickly takes over the ZRC-2 ecosystem and is currently the leading ZRC-2 DEX by TVL. Additionally, it is expected that the TVL will increase whenever the XCAD/ZIL pair is supported. Allegedly, this is in the works and will be released relatively soon. This could drastically increase the TVL; due to that, it provides investors with a resource-efficient alternative on staking.

Plug-in

The upcoming XCAD plug-in will further strengthen the XCAD ecosystem by accelerating growth and opportunities. The XCAD plug-in will potentially revolutionize how users consume content by rewarding them for their input. Consequently, the content creator gets rewarded for their efforts by increasing engagement on their content which attracts new opportunities. Thus, the content creator has a financial incentive to increase the exposure of XCAD Network because it aligns with the creator's self-interest. By increasing the exposure and therefore usage, the revenue of the ecosystem increases, which can be allocated to business development and research to strengthen the ecosystem further.

Syscoin

The Syscoin ecosystem has been improving in many aspects in the last six months. The Syscoin Foundation has made some significant changes in the direction of the ecosystem, making it much more straightforward for the investor. The ecosystem is trying to be an alternative Layer 1 with a different approach; instead of sharding, the ecosystem is utilizing zK-rollups. The benefits of zK-rollups are evident, with considerable scalability improvements. Additionally, the team's marketing has improved and is more consistent and more appealing to the investor. The overall social dominance of Syscoin has increased by nearly 600% in the last six months, and the total social volume increased by 50%.

Traders interest

The renewed interest of investors in Syscoin is observable through the increase in trading volume in the last six months. The trading volume increased by 400%, while Bitcoin' trading volume decreased by 60% at the same period. It is expected that the overall growth of Syscoin will remain relatively high due to the upcoming release of zK-rollups in Q1. Subsequently, the possibility of projects deploying on the Syscoin ecosystem increases due to the improved scalability and, therefore, negligible transaction costs.