Core Focus 🔥🔥🔥 The 5 Cryptocurrencies to Watch This Week 🔥🔥🔥
Click on the avatar for live discussions, briefly discussing the bullish market outlook.
# Phantom (FTM)
Fantom is about to launch the Sonic L1 mainnet, which will significantly improve network throughput and cost efficiency, processing about 10,000 transactions per second.
Validator node costs will be reduced by 66%, while maintaining compatibility with the Ethereum Virtual Machine. The new token S will replace the existing FTM token. Trader Jacob Canfield believes FTM's price is about to break out.
# Avalanche (AVAX)
Avalanche will launch the Avalanche9000 upgrade on December 16, which has already appeared on the testnet. This upgrade is the most significant in the chain's history, including a private token sale that enhances financial strength.
Avalanche9000 integrates multiple upgrades, transitioning from an expensive validator system to a subscription model, focusing on cross-chain connectivity.
# Stacks (STX)
Stacks will launch sBTC on December 17, aiming to bring Bitcoin liquidity into the DeFi space and offering a 5% annual Bitcoin reward.
The first phase focuses on deposit functionality and the accumulation of rewards for sBTC holders, while the second phase, planned to start in March 2025, will introduce more advanced DeFi features and reward structures.
# LayerZero (ZRO)
LayerZero will conduct its first fee conversion referendum on December 20, deciding whether to activate protocol fees on each message.
The fees will be used to repurchase and burn ZRO, reducing circulating supply. The referendum lasts for seven days and requires 60% of the circulating supply to be effective.
The governance mechanism repeats every six months, and if the quorum requirement is not met, the requirement will decrease by 5%.
As of the time of writing, the Bitcoin trading price is $104,748.
Click on the avatar to watch the live stream and join the discussion.