The Top 5 Coins to Watch In December The Top 5 Coins to Watch In December Dec 09, 2020 ⭐ Binance is the world’s leading crypto exchange! Binance is the world’s leading crypto exchange! Trade now The top 5 coins to watch in December
As we move into the final month of the year, a number of cryptocurrency projects are still moving ahead with their development, and look set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities.The following five coins are set to receive increased amounts of attention over the coming weeks and are definitely the top coins to keep an eye on over December.1.XRP (XRP)
XRP is the native cryptocurrency of a blockchain called the XRP Ledger.
The XRP Ledger is unique in that it uses the XRP Ledger Consensus Protocol, which aims to provide a robust and decentralized network that can process transactions quickly and efficiently.Due to its speed and low cost, XRP can be used for transferring value from wallet to wallet, and for large-scale implementations such as cross-border transfers, and remittance payments.The snapshot for the FLR token airdrop will be taken on December 12
Flare Networks is a new blockchain project that’s backed by Ripple Labs.
Flare is compatible with Ethereum smart contracts and is aiming to bring some of Ethereum’s functionalities to XRP Ledger.The project will conduct a Spark (FLR) token airdrop to all XRP holders this month, and the Flare team will take a snapshot of XRP balances this month with FLR tokens being distributed based on XRP holdings at on December 12 at 00:00 UTC.
Tokens will be airdropped to XRP holders in 2021, and the easiest way to benefit from the airdrop is to use an exchange or wallet that is supporting the FLR token distribution.Exchanges such as Coinbase , Binance , and Kraken have pledged support for the airdrop, and you can find a full list here .2.Orion Protocol (ORN)
Orion Protocol seamlessly aggregates bottomless liquidity from all major exchanges; both centralized and decentralized, and provides rich trading tools in one easy to use platform.
Orion was the first token sale to implement a DYCO, a token sale framework in which utility tokens are USD-backed for up to 16 months after the Token Generation Event with the circulating supply fixed during this time.Mainnet phase 1 launches this month
The Orion Terminal is set to launch this month with the team confirming that the first phase of the Terminal will go live on December 15 at 14:00 UTC.Orion works to aggregate the liquidity of all centralized exchanges, decentralized exchanges, and swap pools into one decentralized platform, guaranteeing best prices and liquidity levels.
Updates are set to be rolled out following the launch with staking, lending, marg1n trading, leveraged ETFs, and derivatives contract trading all in the pipeline.
Access to the first phase of the terminal requires users to sign up for a referral link which should be shared to increase your ranking, and you can find out more about the launch here .
3.Theta Token (THETA)
The Theta Token is used to power a decentralized video delivery network that operates in a similar manner to YouTube and Twitch.The project is blockchain-based and also compensates various network participants via the use of cryptocurrencies.Network upgrade brings smart contracts to mainnet
Theta will undergo a number of protocol updates this month and the changes will go live at on December 10 at 12pm (Noon) PST.The team have estimated the upgrades will go into effect at block 8,411,427, and will bring Turing-complete smart contracts to the Theta mainnet, as well as a reduction in the Guardian Node staking minimum to 1,000 THETA, and improvements to the Theta Web Wallet and Blockchain Explorer.
The upgrade will see Theta integrate with a number of EVM compatible platforms and services although it doesn’t require THETA token holders to take any action, and you can find out more about the upgrades by reading the team’s official Medium post .
4.Injective Protocol (INJ)
Injective Protocol is a layer-2 decentralized exchange protocol designed to avoid the issues of network congestion and high transaction fees that are slowing down the growth of the DeFi (decentralized finance) sector.Built on the Tendermint consensus protocol, Injective enables fee free, decentralized cross-chain trading of derivatives such as futures contracts and perpetual swaps.
Users aren’t charged with any gas fees when trading on Injective and the protocol supports Cosmos , Ethereum and other blockchain platforms.
Solstice V2 launch
After launching their Solstice Testnet on November 30, the team have moved on to announce the launch of Injective Solstice V2.As a result of community testing and feedback, V2 of the protocol includes a number of upgrades including UI changes, dynamic mobile responsiveness, refactored market statistics, and enhanced home screen market details.V2 allows community members to make permissionless trades of derivatives and create their own futures and perpetual swap contract markets.As a Binance Launchpad -incubated project, Injective Protocol has proved popular with the crypto community and you can learn more about Solstice V2 here .5.
Aion (AION)
AION is the digital asset of The Open Application Network, and is used to secure and access The OAN.The Open Application Network solves the unintended consequences of platform economies, and is an open source public infrastructure for the creation and hosting of Open Apps.Open Apps are programs that put users back in control and are universally accessible across platforms.Network hard fork on December 16
The Aion team have confirmed that a mandatory network hardfork will take place on December 16 at 10am EST, and block height 7441441.The hardfork is designed to help implement a number of upgrades and improvements and the team will make changes to the Kernel protocol which will update the block signer (V1.2), and adjust Proof-of-Work block rewards based on block time.
The hardfork will also fix issues with client API block submits, incorrect hashrate calculations, and FastVM delegate calls.
There will also be an update to the Aion Mining Pool software Aion Pool 3 (v0.1.2), and you can find out everything you need to know about the updates here .Tags:.
