On September 30, 2024, the cryptocurrency market was surging, and various tokens showed different development trends. Karrat soared with innovative gaming infrastructure and successful NFT launch; Terra Classic gained attention again due to its destruction proposal; Decred adhered to its commitment to security and user engagement in the face of challenges with its unique governance model; SSV Network innovated Ethereum staking through decentralized infrastructure. And Memebet Casino's pre-sale also caused a huge sensation.
1. Karrat: A rising star in the field of games and NFT
Karrat has become the focus of the market recently, rising for two consecutive days, with the price reaching $0.6515, soaring 14.27% in the past 24 hours, the highest price since August 24. It rebounded more than 65% from the lowest level this year, and the market value rose to more than $48 million. Although it is still about 68% lower than the historical high, it has great potential.
Karrat’s rise is in line with the rise of popular gaming tokens, with Immutable X up more than 44% in the past week, and tokens such as Gala Games and The Sandbox up more than 15%. At the same time, it is closely related to the successful launch of NFTs on the My Pet Hooligan platform, which has sold $174,393 in the past 30 days and soared 88% in 24 hours to $9,575.
As a decentralized gaming infrastructure, Karrat uses blockchain technology to support innovative games, real-time animations, and AI-driven applications. Its community-driven protocol provides developers with tools to create immersive experiences, and users can explore creative possibilities. Potential collaborations with technology giants such as Palantir and Nvidia add unlimited possibilities for its future development.
2. Terra Classic: Moving forward amidst challenges and hopes
Terra Classic is a blockchain that uses stablecoins pegged to fiat currencies, aiming to create a stable global payment system. Its governance and utility token LUNC controls the stablecoin supply through an automatic algorithm, and investors can earn high returns by depositing in dApps such as Anchor Protocol.
Currently, the USTC destruction proposal has attracted market attention. The plan aims to destroy 46.55 million USTC for wallets related to Mirror Protocol. The Terra community plans to destroy all Terra Classic assets, which brings the hope of reducing supply and pushing up value, and also triggered the recent 4.50% price surge.
However, Terra Classic still faces long-term challenges. It is trading 99.95% below its 200-day moving average, and while it has gained 53% over the past year, outperforming nearly half of the top 100 assets, it still has work to do. Investors may view the current burn proposal as a turning point for this resilient asset.
3. Memebet Casino: Pre-sale triggers a boom
Memebet Casino’s presale has created a huge buzz, raising over $330,000. $MEMEBET tokens are priced at $0.0255, and users who buy and stake them will be eligible to participate in Airdrop Season 1.
The token supports earning rewards while playing, and players can earn airdrops based on their betting activities. Memebet Casino's unique approach to accepting deposits of popular meme coins has attracted holders of $DOGE and $PEPE, matching the need for meme coin utility in the gambling industry.
Its KYC-free Telegram Casino enhances the gaming experience for privacy-conscious players. The platform has a rich selection of crypto games and has also sponsored the Argentine national football team to increase brand awareness. Users can qualify for airdrops by purchasing $MEMEBET, submitting their wallet address, and interacting on social media platforms.
4. Decred: Challenges and opportunities under a unique governance model
Decred is known for its unique combination of Proof of Work and Proof of Stake, giving token holders control over the future of the network. Its innovative governance system combined with a decentralized treasury enables rapid adaptation and long-term sustainability.
Security, privacy, and scalability are the focus of Decred's mission. It gives users the right to vote on key network proposals, creating a truly democratic crypto environment, and also introduces atomic swaps to simplify the exchange of cryptocurrencies between different blockchains.
Decred is up 2.38% in the short term, with the price rising to $12.86, and has medium liquidity. It is currently in a neutral position and may go sideways, with an upward trend in 16 of the past 30 days, keeping volatility low. But in the long term, it is trading 27.96% below its 200-day simple moving average, and its price has fallen 7% in the past year, lagging behind 90% of the top 100 crypto assets.
5. SSV Network: Revolutionizing Ethereum Staking
SSV Network transforms Ethereum staking with innovative decentralized infrastructure. Splitting Ethereum validator keys across multiple untrusted nodes ensures strong security and uptime, significantly improves staking by providing multiple features, and increases the overall performance of validators on the Ethereum network.
The Alan Fork update made SSV headlines, introducing committee-based consensus and subnet allocation, reducing CPU time and bandwidth usage. Optimism is growing that the update will go live on the mainnet in October 2024.
The price of SSV has risen by 1.29% in the past 24 hours to $24.89, and while the 14-day RSI indicates neutral momentum, traders may expect sideways trading in the short term. The coin is highly liquid and has been stable with 15 up days in the past month, up 50%. In the long term, it is 31.15% above its 200-day simple moving average, and the price has surged 54% in the past year.
Conclusion:
In short, these tokens together highlight various opportunities and challenges in the crypto market. Investors need to carefully evaluate, grasp market dynamics, and find suitable investment opportunities in this ever-changing field.
