Current market!
1. Trump launches crypto platform World Liberty Financial: Trump announced the launch of his family's cryptocurrency platform World Liberty Financial, positioning it as an alternative to traditional banks. This news may attract widespread attention in the market, especially for new users. The X Space launch event next Monday will be an important node for market observation.
2. The practical use of stablecoins is increasing: New research by Visa and Castle Island Ventures shows that stablecoins are increasingly being used for practical purposes in addition to cryptocurrency transactions. This trend may drive the further application of stablecoins in payment, cross-border transactions and other fields, and it is worth paying attention to the development of related projects.
3. ZKsync launches on-chain governance system: ZKsync officially launched an on-chain governance system designed based on the principles of separation of powers and checks and balances. This system may enhance the decentralized management of the ZKsync ecosystem, attract more developers and users to participate, and lay a solid foundation for its future expansion.
4. Pendle expands BTC staking function: As a DeFi platform, Pendle not only has advantages in ETH, but now also expands the BTC staking function, which further expands its user base. For investors who are concerned about DeFi staking and returns, Pendle may have more opportunities in the future.
5. Management and size of the Grayscale XRP Trust: The Grayscale XRP Trust has a management fee of 2.5%. Although its size is small, if the XRP market strengthens, it may attract new attention, especially as the regulatory environment for Ripple becomes clearer.
3 50x Altcoins You Can't Ignore in the 2024 Bull Market! Do You Own Them?
BABY
Pepe (PEPE) is a meme-based cryptocurrency that has gained popularity in the cryptocurrency world due to its fun and community-oriented perspective. To date, Pepe is priced at $0.05705 with a market cap of $3.16 billion. While most meme coins are considered to be just meme coins, the expected returns on these investments are very minimal. However, dogecoin and shibacoin seem to have overturned this view due to widespread culture and acceptance when good adoption occurs, and pepe may follow the same path.
In addition, every aspect of Pepe, from concept to product, is community-centric and thrives on virality. The mince strategy effectively leverages Internet memes and cultural phenomena to attract and engage a large audience. As a result, Pepe has gained explosive popularity, and a solid user base has stimulated its market growth.
Pepe still has a return of over 100x because of its ability to maintain and obfuscate its community, and it is fairly viable for a mainstream memecoin. If Pepe becomes another Dogecoin or even Shiba Inucoin, its price could rise significantly. Even so, potential investors must be aware of the risks that come with investing in meme coins, such as high volatility and unpredictable market movements.
MINE
Mina Protocol (MINA) is a recently launched product that claims to be the lightest blockchain ever created. The project uses a sophisticated cryptographic mechanism to ensure that its blockchain does not exceed 22 kilobytes, which is very developer- and user-friendly. At the time of writing, Mina Protocol's token price is $0.4254 and its market cap is $490.22 million. Mina's emphasis on minimalism and operability is very different from most other blockchain-related initiatives.
Mina's main application is a scalable and secure dApp blockchain with a focus on privacy protection. With its design principles, the project is suitable for resource-constrained mobile and IoT environments. In addition, it is well-known for on-chain privacy, and the presence of zk-SNARK in Mina is also very useful.
The possibility of 100x returns lies in the essence of the project, which is to provide a viable solution for developers and users who value maximum privacy, security, and efficient resources. As more dApps and other Mina services are launched, the demand for MINA tokens will increase and its price may rise. The project's emphasis on lightweight, scalable solutions makes it very promising.
SMEs
Immutable X (IMX) is an Ethereum 2.0 layer that focuses on fast, secure, and scalable transactions of various types of NFTs and other digital goods. It uses zk-rollups to dynamically minimize congestion and gas fees on the Ethereum blockchain by conducting transactions off-chain. As of this writing, Immutable X is priced at $1.25 and has a market cap of $1.96 billion. It is very popular among NFT platforms and marketplaces due to its focus on scalability and ease of use for applications.
The main purpose of Immutable X is to create a simple and fast way to trade and create NFTs. Since the project is developed on Ethereum, it allows integration with the largest NFT markets, while its layer 2 solutions are much faster and cheaper. Immutable X has already reached several agreements with other existing NFT projects, which will undoubtedly help it expand its market share.
Immutable X’s 100x return is based on the continued growth of the NFT space and the willingness to provide scalable solutions. If Ethereum-compatible scaling solutions such as Immutable X are able to be adopted by NFT platforms and users on a large scale, the market for IMX tokens could move higher, pushing up prices. Due to the strong technical strength and important project partnerships, the market development prospects are highly anticipated.
